Global Clinical nutrition market projected to grow with significant CAGR over the forecast period
Global Clinical nutrition market study:
Clinical nutrition gives a basic knowledge about treatment and diagnosis of a disease which affects the intestinal absorption, metabolism and intake of constituents of diet, and promotion of health by preventing diet-related diseases. Clinical nutrition products are a kind of pharmaceutical products which helps in maintaining a healthy body. Clinical nutrition products also help in improving the metabolic system of the body by providing optimal amounts of supplements like vitamins, minerals etc. Clinical nutrition products improve digestion, absorption, and metabolism, storage of nutrients, transportation, and discharge of waste from the human body.
The global market for clinical nutrition is growing due to the rising geriatric population who are highly prone to the major health issues related to the metabolic disorders & loss of appetite. Increasing initiatives from the government, Malnutrition, rise in junk foods intake, poverty, lack of awareness are the factors that are fueling the growth of clinical nutrition market growth. However, strict government regulations, low reimbursement policies, volatility of the market, patient compliance complexities are the factors hampering the market growth.
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Clinical nutrition Market is divided into following-
1. Product type
• Vitamins and Minerals
• Pre/Probiotic
• Amino Acids
• Glucose
• Lipids
• Omega Fatty Acids
• Others
2. Medical conditions
• Metabolic Disorders
• Neurological Disorders
• Gastrointestinal Disorders
• Eating Disorders
• Others
3. Route of administration
• Oral
• Enteral
• Parenteral
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4. End-users
Hospital Pharmacies, retail pharmacies and others
And lastly, based on geographical region, the global clinical nutrition market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia- Pacific is dominating the global market of clinical nutritional products. Owing to the high birth rate in countries like India and China are expected to increase the demand for the clinical nutrition products, especially for infant nutrition products. As per the World Bank Group, India has highest birth-rate in APAC region in 2012. In Europe, France and UK have the highest birth rate in the same year. North America and Europe are expected to dominate global clinical nutrition products market owing to the rising investments from the manufacturers in R&D for the innovation of novel products with enhancement of nutrition. Some of the key players in clinical nutrition market are Ajinomoto Co. Inc., Perrigo Company Plc, Abbott Nutrition Inc., Baxter International Inc., Danon Baby and Medical Nutrition BV, B. Braun Medical Inc., Fresenius Kabi AG, Hospira (Pfizer) Inc., Gentiva Health Services Inc., Hero Nutritional Inc., and Nestle SA. In 2012, Nestle obtained Pfizer to increase its position in infant nutrition market globally. In 2016, Perrigo Company plc launched Glucerna aseptic nutritional shake for diabetic people. And in 2017, Perrigo Company plc received U.S. FDA approval of AB-rated ANDA referencing DermOtic Oil Ear Drops.
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Rise in the incidence rate of chronic diseases like diabetes, cancer, and HIV/AIDS is driving the global clinical nutrition market growth. In the pediatric category, increasing demand for the clinical nutrition is boosting the market of the clinical nutrition. Growing home care use of nutritional products is anticipated to increase demand for the clinical nutrition market.
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