Apr 28, 2022, 01:23 EST
Shibuya-ku, Tokyo, Japan, Japan, Apr 28, 2022, 01:23 /Comserve / -- The global clinical nutrition market by revenue is expected to grow at a CAGR of over 8% during the period 2022–2031.
The global clinical nutrition market reached $51 billion in 2019 is expected to grow at a CAGR of 8% during the forecast period. The growing geriatric population, the increasing incidence of malnutrition, and the increasing prevalence of communicable and non-communicable chronic diseases across the globe are a few major factors driving the growth of the market.
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Malnutrition is a widespread healthcare challenge, affecting the lives of millions of people around the world. A high incidence of malnutrition among hospitalized patients, especially in APAC, is driving the demand for clinical nutrition, which is considered as the most effective solution for patients to reduce the mortality rate.
The outbreak of novel coronavirus has been a global catastrophe. The symptoms of COVID-19 span a spectrum, ranging from mild, self-limiting flu to pneumonia, acute respiratory distress syndrome, and finally, death. A higher percentage of people have died in Europe than in Asia. A recent meta-analysis from China involving 46,248 patients showed that the most prevalent comorbidities in people infected by COVID-19 were hypertension, followed by diabetes, cardiovascular, and respiratory diseases.
The following factors are likely to contribute to the growth of the clinical nutrition market during the forecast period:
• Increasing Use of Whey Protein in Clinical Nutrition
• Growing Popularity of Home-based Healthcare
• High Incidence of Malnutrition Among Hospitalized Patients
• Enteral Nutrition Driving Market Growth
The study considers the present scenario of the clinical nutrition market and its market dynamics for the period 2022−2031. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Clinical Nutrition Market Segmentation
The global nutrition market research report includes a detailed segmentation by route of administration, age group, application, end-users, distribution, and geography. The oral and enteral segment dominates a majority share of the market. The growing health awareness among consumers remains one of the key factors driving the growth of the market. This trend is expected to continue during the forecast period. Although clinical nutritional supplements are generally prescribed to individuals that are at high risk of malnutrition, oral supplements are witnessing widespread inclusions in dieticians’ recommendations.
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The oral and enteral segment dominates a majority share of the market. The growing health awareness among consumers remains one of the key factors driving the growth of the market. This trend is expected to continue during the forecast period.
Although clinical nutritional supplements are generally prescribed to individuals that are at high risk of malnutrition, oral supplements are witnessing widespread inclusions in dieticians’ recommendations.
Hospitals constitute the largest end-user for clinical nutrition products globally. The rising incidence of chronic diseases, along with the growing number of preterm births and surgeries, has led to the growth of demand for clinical nutrition in hospitals.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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Shibuya Data Count
Tel: + 81 50 50509159
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