Clinical nutrition market growth analysis by type - forecast 2030. The clinical nutrition market is estimated to expand at a CAGR of 2.8% during the forecast period from 2022 to 2030. The clinical nutrition market size is witnessing substantial growth globally, propelled by an increasing awareness of the importance of nutrition in healthcare, rising geriatric population, and a surge in the prevalence of chronic diseases. This market focuses on providing specialized nutritional products and solutions for patients with specific medical conditions, such as malnutrition, gastrointestinal disorders, and metabolic disorders.
The prevalence of chronic diseases, including diabetes and cardiovascular disorders, has led to a growing emphasis on therapeutic nutrition to manage and prevent these conditions. Moreover, the aging population, particularly in developed regions, has contributed to the demand for clinical nutrition products that address age-related nutritional challenges and support overall well-being.
Innovations in product formulations, such as personalized nutrition and functional foods, are driving market expansion. The clinical nutrition market includes enteral nutrition, parenteral nutrition, and oral nutrition supplements, offering a diverse range of options to healthcare providers and patients.
Geographically, North America and Europe are key players in the clinical nutrition market, driven by well-established healthcare infrastructure and high awareness levels. However, the Asia-Pacific region is rapidly emerging as a significant market due to increasing healthcare investments, a rising middle-class population, and a growing focus on preventive healthcare measures.
With a continuous focus on research and development, coupled with the increasing recognition of the role of nutrition in healthcare, the Clinical Nutrition Market is poised for sustained growth in the foreseeable future.
Competitive Analysis:
The global clinical nutrition market players include Abbott Laboratories, Baxter International, Inc, B. Braun Melsungen AG, GroupeDanone, Nestlé S.A, Mead Johnson Nutrition Company, Hospira, Inc, Fresenius Kabi AG, and Perrigo Company Plc. These players are trying to initiate programs for awareness of improving knowledge and benefits of consuming clinical nutrition. Such factors are likely to benefit their sales in coming years.
Segmentation:
The clinical nutrition market is segmented on product and region.
On the based on the product, the Medical nutrition therapy is segmented into infant nutrition, enteral nutrition, and parenteral nutrition. On the basis of infant nutrition, the market is further segmented into milk based, organic, soy based, probiotic/prebiotic, and other. On the basis of enteral nutrition, the market is segmented into standard and for chronic illness.
Regional Analysis:
The clinical nutrition market is divided into four regional segments: the Americas, the Asia-Pacific, Europe, and the Middle East & Africa. Due to the existence of nations like China and India, the Asia Pacific region is predicted to have the greatest market of these. The need for therapeutic nutrition products in the area is also anticipated to increase as a result of the region's relatively higher birth rates.
North America accounted for the third-largest percentage of global revenue, or around 23.1%, and is predicted to expand at the quickest rate going forward. The growing consumer awareness of health and wellbeing in the area is responsible for this rise. The global clinical nutrition market is expanding as a result of the high cost of healthcare and the increased acceptance of clinical nutrition products.
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