The Clinical Nutrition Market is projected to grow from $47.1 billion to $69.2 billion, at a CAGR of 5.6% in terms of revenue during the forecast period 2021-2030.
A sort of pharmaceutical product called clinical nutrition aids in maintaining a patient's health. By giving the body the right additives, like vitamins, minerals, and other nutrients, the metabolic system is aided in its improvement. Clinical nutrition diagnoses and treats illnesses that have an impact on dietary intake, intestinal absorption, and metabolism, as well as helps to avoid illnesses caused by diet-related factors.
It is effective in a range of acute and outpatient care contexts, including cardiac rehabilitation, renal dialysis, diabetes, pediatrics, nutrition support, cancer, trauma, wellness facilities, and community-based intervention initiatives. The Clinical Nutrition Market products is anticipated to be significantly affected by the pandemic as the need for nutritional management, especially among children and the elderly population, continues to expand steadily.
The knowledge of dietitians and clinical dietitians, who are essential to patient care, is one of many facets of the medical nutrition area. The market for medical nutrition and clinical nutrition is increasing quickly as the demand for specialized nutritional advice keeps rising. This growth is especially noticeable in the personalized nutrition sector, which focuses on adjusting dietary regimens to meet specific needs. The personalized nutrition market, which has a sizable market, presents a wide range of prospects for qualified clinical nutritionists and clinical dietetics specialists. These professionals offer specialized knowledge in clinical nutrition, ensuring that patients receive the most individualized vitamin and nutritional interventions that are both suitable and effective for supporting their health and well-being.
Market Dynamics:
Drivers:
Malnutrition among adults and children is on the increase, as is the prevalence of chronic illnesses like cancer, heart disease, digestive issues, respiratory diseases, and malnutrition. Oropharyngeal dysphagia is commonly observed in the elderly population, but it has also been linked to neurological diseases like multiple sclerosis, oropharyngeal dysphagia, Parkinson's disease, and dementia. Manufacturers are expected to release a growing number of products during the forecasted period, supporting the growth of the global Clinical Nutrition Market. As a result, these products can be used to treat many illnesses. These are the main market-influencing variables.
Restraints:
Restrictions like a lack of knowledge of clinical medical nutrition and stringent regulations are hindering the market development for clinical nutrition. Along with this, some significant variables, such as the altered lifestyles of people with more stress and people's ignorance of their health are the market restrainers.
Opportunities:
Older people and patients are in danger of malnutrition as a result of the pandemic. Along with other symptoms like diarrhea or anosmia dysgeusia, the infection also results in a significant loss of appetite, which increases the risk of malnutrition due to the condition. An increase in muscular mass loss and a decline in immune defenses were results of acute malnutrition brought on by pandemic infection. The increase in the prevalence of metabolic disorders, high healthcare spending, and the emergence of the middle class in emerging economies are the main drivers of the development of the global clinical nutrition market. In this industry, these factors offer many opportunities.
Key Players:
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Baxter International Inc.
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B. Braun Melsungen AG
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Groupe Danone
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Mead Johnson Nutrition Company
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Nestle SA
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Hospira Inc
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Perrigo Company Plc
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Abbott Laboratories
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H. J. Heinz Company
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Fresenius Kabi AG
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Gentiva Health Services Inc.
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Hero Nutritional Inc.
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Kendall
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Ajinomoto Co. Inc.
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Lonza Ltd.
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American Home Patient Inc.
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Meiji Holding Co. Ltd
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CONMED Corporation
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Vesco Medical LLC
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Reckitt Benckiser Group Plc.
Market Segmentation:
Clinical Nutrition Market, By Consumer
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Child
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Adult
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Old
Clinical Nutrition Market, By Product
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Infant Nutrition
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Parental Nutrition
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Enteral Nutrition
Clinical Nutrition Market, By Region Type
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North America
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Europe
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Asia-Pacific
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LAMEA
Regional Analysis:
North America accounted for the largest share by area in 2021 and is anticipated to hold onto its dominance from 2021 to 2030 as a result of high R&D spending, the presence of key players and the availability of their products, and the region's well-established healthcare infrastructure.
The Asia-Pacific region is expected to grow at the fastest rate during the forecast era due to government spending on the building of healthcare infrastructure in Asian nations. The government is adopting a number of steps to raise clinical nutrition awareness among the residents of this area.
Scope of the report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.6% |
YoY growth (%) |
XX% |
Regional analysis |
The Middle East, North America, Latin America, Europe, Asia Pacific, and Africa |
Current Market size |
USD 47.1 Billion |
Forecast market growth |
USD 69.2 Billion |
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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