Escalating geriatric population, increasing birth rate, growth in number of premature births and intensified prevalence of malnutrition and chronic diseases are the prime contributors to the growing demand for clinical nutrition. Malnutrition is a grave issue faced affecting millions globally and clinical nutrition is the most effective way to treat malnutrition. Growth in incidence of cancer and other chronic diseases and number of surgical interventions has urged the demand for enteral nutrition. Clinical Nutrition Market To Expected to grow at 8% from 2019 to 2029. In addition, growing disposable income, healthcare expenditure, awareness and premature births will further generate demand for infant and pediatric nutrition.
Clinical nutrition is a wide domain that includes parenteral and enteral feeding, encompassing denutrition in stressful situations such as trauma, eating and metabolic disorders, preterm births, chronic diseases, etc. clinical nutrition products are considered as pharmaceuticals and thus their production must follow strict conditions. Clinical nutrition has ensured efficient identification and treatment of medical disorders that result from inadequate or improper diet.
Pediatric Nutrition will continue to retain its Dominance
Based on the nutrition types, the global clinical nutrition market is studied for pediatric nutrition, enteral nutrition, and parenteral nutrition. Among these, pediatric nutrition captures the largest market share in 2016 (50.6%) and the segment will continue to retain its dominance through the forecast period. High birth rate in developed parts of the world, increasing number of preterm births, mainly contribute to the leading position of this segment. On the other hand, parenteral nutrition segment will witness fairly higher growth during the forecast period. Significant rise in prevalence of chronic illnesses such as HIV/AIDS, diabetes, renal failure, cancer and CVDs is the major factor driving the growth of this segment (CAGR 4.5% during 2017-2025) Metabolic disorders, eating disorders, stages of development and recovery are the major medical conditions where clinical nutrition is extensively applied. At present stages of recovery and development enjoys the leading position in terms of revenue share in the global clinical nutrition market. Significant rise in infant and pediatric patient pool, extensive growth in the number of patients living with chronic diseases and largest eligible patient pool are the prime factors attributed to the dominance of this segment. However, with perpetual growth in the number of immune system related metabolic diseases being discovered, and the corresponding rise in the respective patient group the metabolic disorders segment will enjoy a considerably prominent position in the global clinical nutrition market over the forecast period.
Asia Pacific is proposed to be the most lucrative market
Geographically, the global clinical nutrition market is studied for North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America currently collects the largest revenue share in the global clinical nutrition market. The domination of this region is mainly attributed to widespread awareness about the benefits associated with clinical nutrition, significant patient pool, and evolved reimbursement provisions at both hospitals and home care locations. On the other hand, due to rapid industrialization, evolving education system, increased disposable incomes, rapid evolution of healthcare provisions and infrastructure, Asia Pacific is proposed to be the most lucrative market for clinical nutrition.
Key Players
Key players in this market include:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Clinical Nutrition market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Nutrition Type
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Medical Condition
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End-Use
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
