August 11, 2020
According the research report titled ‘U.S. Clinical Nutrition Market Size By Product, By Consumer (Child, Adult), Application Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, U.S. clinical nutrition market is expected to register a healthy growth rate through 2026.
Growing cases of metabolic disorders and chronic diseases such as diabetes and hypercholesterolemia, along with sedentary lifestyle with unhealthy diet choices further accelerating the risk of these disease are augmenting the growth of U.S. clinical nutrition market. Moreover, rising geriatric population, growing preference for home healthcare, and increasing birth rate as well as rise in number of pre-mature births are the other rationales contributing to the industry revenues. However, stringent government regulations may hamper the business outlook in the coming years, cites the study.
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Based on product terrain, U.S. clinical nutrition market is categorized into parenteral nutrition, infant nutrition, and enteral nutrition. Infant nutrition segment captured majority share of U.S. clinical nutrition market in the recent past and is projected to register a CAGR of 8% over the estimated timeframe. Growing awareness regarding optimum nutrition during infancy and early childhood, coupled with surging working women population are fueling the demand for infant nutritional supplements and formula.
In terms of consumer, U.S. clinical nutrition market is split into child and adult, among which, the latter segment was worth over USD 4.8 billion in 2019 and is expected to accrue notable returns in the upcoming years. Excess levels of calories in a typical American diet, unhealthy lifestyle choices, low consumption of fruits, vegetables, dairy products and whole grains, and consequent increase in incidences of several chronic diseases are fueling the demand for adult nutritional products.
Key players operating in U.S. clinical nutrition market are B. Braun Melsungen AG, Baxter International Inc., Abbott Laboratories, Fresenius Kabi AG, Danone S.A., Hospira Inc., Nestle S.A., Perrigo Company plc, and Mead Johnson & Company LLC.