Clinical Nutrition Market Overview
Clinical nutrition aids in improving absorption, metabolism, digestion and discharge functions by providing essential nutrients such as minerals, vitamins, and proteins. These products are vital for patients with a high degree of malnourishment, patients in intensive care units, patients recovering from trauma or surgery and patients suffering from chronic diseases. It has been found that treating disease-related malnutrition with clinical nutrition therapies can reduce mortality.
Major drivers for clinical nutrition market are a shift towards home care, increasing the prevalence of chronic diseases, rising aged population and increasing number of premature births. Sustained support from government agencies and investments made by manufacturers are also supporting the market growth. Clinical nutrition therapies at home have become possible due to technological innovation. The need to make up for the safety and quality standards of nutritional therapies is acting as a restraint for the market.
Clinical Nutrition Market Forecast Report (2018-2023)
Global Clinical Nutrition Market was worth USD 13.42 Billion in 2018 and estimated to be growing at a CAGR of 4.85%, to reach USD 17.01 Billion by 2023.
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Clinical Nutrition Market Segmentation
The global Clinical Nutrition Market is segmented on the basis of product type into oral nutrition, enteral nutrition, and parenteral nutrition. Based on therapeutic areas the market is bifurcated into malabsorption, diarrhea, cancer, food allergies, maldigestion, diabetes, short-bowel syndrome, acute lung injury and acute respiratory distress. Based on ingredients the market is divided into vitamins, minerals, carbohydrates and amino acids. Enteral nutrition is the product type segment with the highest share in the market.
Geographically, the Global Clinical Nutrition market is differentiated over North America, Asia Pacific, Middle East and Africa, Europe and Latin America. The Asia Pacific was the largest market for clinical nutrition in 2018, followed by Europe and North America. Asia-Pacific is estimated to grow at highest CAGR due to increasing demand from developing countries like China and India.
The major companies dominating this market for its products and services are
- Nestle Nutrition,
- Abbott Laboratories Inc.,
- Gentiva Health Services Inc.,
- Mead Johnson & Company,
- Ajinomoto Co. Inc.,
- Hospira Inc.,
- Hero Nutritionals Inc.,
- Lonza Ltd,
- Baxter International Inc.,
- B. Braun Melsungen AG, H.
- J. Heinz Company,
- American Home Patient Inc.,
- Fresenius Kabi.
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