June 21, 2021
According to the research report titled ‘GLOBAL Clinical Nutrition Market 2019-2028’, available with Market Study Report, global clinical nutrition market is expected to record a CAGR of 5.27% over 2019-2028.
Increasing number of malnutrition victims and rising cases of individuals suffering from chronic diseases are the key factors stimulating global clinical nutrition market growth. Moreover, escalating use of clinical nutrition in developing economies and booming elderly population are significantly contributing to the market development.
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Speaking of the restraining factors, lack of awareness regarding clinical nutrition and complexities associated with enteral feeding act as a major challenge for businesses in this domain. Besides, false perceptions related to malnutrition and strict regulatory framework are hindering the industry expansion.
As per application spectrum, the industry segmentation comprises metabolic disorders, gastrointestinal disorders, neurological disease, cancer, and others. Based on route of administration, the market is categorized into parental, enteral, and oral. Moving on to end user scope, global clinical nutrition market is bifurcated into adults, geriatric, and pediatric.
Considering the regional landscape, North America clinical nutrition industry is expected to amass remarkable gains through 2028, owing to continuous research & development activities towards the development of innovative clinical nutrition.
Furthermore, as several chronic disorders including coronary artery disease, ischemic stroke, and diabetes can be addressed to some extent from preventive medical diet, hospitals and clinics across the region are progressively adopting it.
Another important driver of market expansion is the region's substantial geriatric population which is at an increased risk of acquiring various ailments, hence, clinical nutrition is becoming increasingly in Norht America
Key contenders operating in global clinical nutrition industry are Avadel Pharmaceuticals, Exela Pharma Sciences LLC, Sichuan Kelun Pharmaceutical Co. Ltd., BASF SE, Nestlé Health Science, Otsuka Holdings Co. Ltd., B Braun, Danone S.A., Baxter International Inc., American Regent Inc., Sanofi SA, Abbott Laboratories, Grifols SA, Lonza Group AG Reckitt Benckiser Group plc, and Meiji Holdings Co. Ltd.