Clinical Nutrition Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026
The
Clinical Nutrition Market is
projected to gain market revenue of US$ 59.84 billion by 2026, growing at a
CAGR of 4.4% during the forecast period 2020-2026 from US$ 43.48 billion in
2019. The clinical nutrition market is driven by
numerous factors such as a rise in the aging
population, a rise in the incidence of lifestyle-related disorders,
improving health standards and increasing health expenditure and a rise in the
count of children suffering from malnutrition among others. In countries like
Germany and Japan, fertility rates are declining rapidly. In 2019, Japan’s
demographic crisis got worse, as the fast-greying nation experienced its
biggest natural population decline and recorded-low birth rate, as per
government statistics. The estimated number of babies born in the country in
2019 fell to 864,000. It is lowest since records began in 1899, according to a
report published by the Ministry of Health, Labour and Welfare. Moreover,
European nations are also experiencing a huge shift in the demographics. Due to
this prevalence of age-related diseases such as gastrointestinal diseases are
also increasing. Obesity is another condition that is acting as a major burden.
It is one of the leading risk factors for premature death. In 2017, it was
linked to 4.7 million deaths around the globe. 8% of global deaths were
attributed to obesity in 2017. Clinical nutrition is prescribed for patients
suffering from such conditions. Oral nutritional supplements may have a role in
the management of weight loss in patients with cancer. However, the lack of
awareness regarding clinical nutrition and stringent government regulations
will hamper market growth.
For Regional/Country analysis of
the overall sales of Clinical Nutrition products browse through - Clinical Nutrition Market
Based on product type, the market is
fragmented into infant nutrition (milk-based, soy-based and
specialized), enteral nutrition (standard fiber-containing, elemental and
specialized) and parenteral nutrition (amino acid, dextrose, fats and
additives). The infant Nutrition segment occupied the maximum share in the
global clinical nutrition market. Adequate nutrition during infancy is
essential for lifelong health and wellbeing. The enteral nutrition segment is
expected to witness a CAGR growth of 3.8% during the forecast period
2020-2026. Based on end-user, the market is
bifurcated into pediatric, adult and Baby Boomers. The adult population segment dominated the market with
65.58% share however, the baby boomer segment is expected to witness the
highest CAGR growth of 5.1% during the forecast period 2020-2026. Clinical
nutrition is prescribed to the adults suffering from several disorders such as
gastrointestinal diseases, diarrhea and to support cell, organ and skeletal,
cardiac and respiratory muscle functions, and wound healing.
Based on the Distribution channel, the global
clinical nutrition market is segmented into convenience stores,
supermarket/hypermarket, drug store and online channel. Sales of clinical nutrition
through Drug store generated revenue of US$ 16.67 billion in 2019. However, the
online sales channel is expected to witness the highest CAGR growth of 6.1%
during the forecast period. For in-depth understanding of the market adoption
of Clinical Nutrition, detailed analysis was conducted for major
regions/countries including North America (US, Canada and rest of North
America), Europe (Germany, the UK, France and rest of Europe), Asia-Pacific
(Japan, India, China, Indonesia, Pakistan and Rest of Asia-Pacific), and Rest
of the World. In 2019, Asia-Pacific dominated the market and is expected to
generate revenue of US$ 26.54 billion by 2026. Further, the rise in the
geriatric population in Asia-Pacific is estimated to fuel the Clinical
Nutrition market in both the regions in the upcoming years.
For Regional/Country analysis of
the overall development in the Clinical Nutrition sector browse through - Clinical Nutrition Market
Some
of the major players profiled in the global Clinical Nutrition study include B.
Braun Melsungen AG, Baxter Healthcare, Perrigo, Fresenius Kabi, Pfizer, Nestle,
Ajinomoto, Co. Inc., Abbott, Danone, Glanbia, Plc, Lonza Group Ltd., Nutricia
North America, Meiji Holdings Co., Ltd., GlaxoSmithKline and H. J. Heinz
Company. These industry players are entering into several partnerships for the
expansion of their reach and increasing their hold on the market. Some of the
key players are also increasing their businesses by setting up new community
centers and elder care homes or increasing their expenditure on R&D.
Global Clinical Nutrition
Market Segmentation
Market Insights, by Product
- Infant nutrition
- Milk-based,
- Soy-based
- Specialized
- Enteral nutrition
- Standard Fiber Containing
- Elemental
- Specialized
- Parenteral Nutrition
- Amino Acid
- Dextrose
- Fats
- Additives
Market Insights, by
End-Users
- Pediatric
- Adult
- Baby Boomers
Market Insights, by
Distribution Channel
- Convenience Stores
- Supermarket/Hypermarket
- Drug store
- Online Channel
Market Insights, by Region
- North America Clinical
Nutrition market
- US
- Canada
- Rest of North America
- Europe Clinical Nutrition
market
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific Clinical Nutrition
market
- China
- Japan
- India
- Indonesia
- Pakistan
- Rest of Asia-Pacific
- Rest of the World Clinical
Nutrition market
Top Company Profiles
- B. Braun Melsungen AG
- Baxter Healthcare
- Perrigo
- Fresenius Kabi
- Pfizer
- Nestle
- Ajinomoto, Co. Inc.
- Abbott
- Danone
- Glanbia, Plc
- Lonza Group Ltd.
- Nutricia North America
- Meiji Holdings Co., Ltd.
- GlaxoSmithKline
UnivDatos
Market Insights (UMI) understands that you may
have your own business need, hence we also provide fully customized solutions
to clients. The Global Clinical Nutrition Market can be customized to country level or
any other market segment.
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Labels: Clinical Nutrition Market, Clinical Nutrition Market Growth, Clinical Nutrition Market Report, Clinical Nutrition Market Size, Europe Clinical Nutrition Market, Global Clinical Nutrition Market, Healthcare
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