Market Overview
The Global Medical Nutrition Market 2020 is
expected to reach USD 52.39 billion by 2023 and grow at a CAGR
of 5.0% over the forecast period (from 2018 to 2023).
Market Highlights
The clinical nutrition
market trends report asserts that the increased occurrence of diseases
that need additional nutrients and increased population awareness of the
benefits of medicated foods and beverages are the main factors impacting the
growth of this market. The shortage of sufficient nutrients has resulted in
shifting habits such as daily smoking, alcohol, longer working hours and
dependence on fast food, which is also one of the factors contributing to the
rise of the market for the medical nutrition industry. High price and important
reimbursement policies adopted by the governments of different countries are
however the factors that hinder business growth.
With the increasing geriatric population,
it is anticipated that spending on medical nutrition therapy will increase in
the future. Due to the frail digestive framework in old age, it becomes hard
for the human body to assimilate all the essential nutrients from food. The
lack of appetite among the geriatric community is considered a significant
widespread concern, such that the elderly population does not get the essential
amount of nutrients.
In most countries, healthcare spending
continues to grow faster than economic growth, maintaining a trend observed
over the decades. As healthcare spending increases among the world's major
countries, the market is therefore expected to see high growth due to its broad
applicability.
Segmental Analysis
Global clinical nutrition has been
segmented into type, type of product, application, administration route, and
channel of distribution.
Based on type, paediatric nutrition,
elderly nutrition, parenteral nutrition, and sports nutrition were segmented
into the medical nutrition market.
The medical nutrition market has been
segregated into amino acid solutions, various vitamins, antioxidants, lipid
emulsions, trace elements, and chamber bags based on the product type.
The medical nutrition market has been
broken down into parenteral, oral, and others based on the route of
administration.
Cancer, pulmonary diseases,
gastrointestinal diseases, diabetes, obesity, paediatric malnutrition, renal
failure, and neurological diseases were classified according to the
application.
Hospitals, retail pharmacy, compounding
pharmacy, and e-commerce websites were categorised based on the distribution
channel.
Regional Overview
For the sake of the clinical nutrition
report, the global medical nutrition market is split into the Americas, Europe,
the Asia-Pacific, and the Middle East & Africa.
In the global market for medical nutrition,
the American region holds the largest share. In North America, the US is
anticipated to lead the market. The increase in the geriatric population is
leading to many illnesses and disorders. Demand for the medical nutrition
market is therefore expected to grow over the forecast period.
Europe accounted for the second-largest
market share; however, 4.5 percent of the CAGR is expected to be the
fastest-growing region in the Asia-Pacific during the forecast period.
Asia-Pacific has the highest growth in the forecast period, compared to the
other regions. Increases in the prevalence of metabolic disorders, an increase in
the geriatric population in the Asia Pacific region, and high spending on
healthcare are major factors attributable to the growth of the Asia Pacific
clinical nutrition market. The incidence of diabetes in China is also growing
steadily, which is a major factor in obesity. Over the past decade, the real
number of patients diagnosed with metabolic disorders has increased, so the
number of patients diagnosed has risen in the Asia Pacific region.
Competitive Dashboard
AYMES Nutrition International Ltd. (UK),
Primus Pharmaceuticals (US), Abbott Nutrition (US), NeoMed (US), Baxter
International (US), Nutricia Advanced Medical Nutrition (Netherland), Danone
(France), Mead Johnson & Company, LLC. (US), Solace Nutrition (UK), B.
Braun Melsungen AG (Germany), and Nestlé Health Science (Switzerland), are some
of the major players operating in the global medical nutrition market.
Read More @ https://www.marketresearchfuture.com/reports/global-clinical-nutrition-market-829
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