Selbyville, Delaware, Aug. 31, 2020 (GLOBE NEWSWIRE) -- According to MarketStudyReport LLC, Worldwide global clinical nutrition market reached a valuation of USD 33 billion in 2019 and is projected to reach USD 50 billion with growth rate of 5.3% during 2020-2027. Rising prevalence of chronic diseases is the primary growth driver of the industry. In fact, cancer alone claimed the lives of 9.5 million individuals in 2018, and the number is further expected to rise to 16.3 million deaths by 2040, as reported by the International Agency for Research on Cancer. Besides, rising patient inclination towards innovative clinical nutrition products is adding momentum to the market growth.
As per the report, global clinical nutrition market has been analyzed through multitude of categorizations inclusive of route of administration, application spectrum, end-user scope, and regional ambit. Market share, projected growth rate, and other specifics pertaining to each segment are also covered in the study. It further exemplifies the competitive landscape and contains profiles all the major companies at the forefront of this business.
Despite the positive outlook of global clinical nutrition market, lack of awareness and stringent standardization will negatively impact the business landscape over the forecast timeframe, cites the study.
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For the uninitiated, clinical nutrition is provided to patients in healthcare environments. It is generally a pharmaceutical product containing adequate proportions of nutrients such as vitamins, minerals, and proteins required to keep the patient healthy. It improves the metabolic activity and aids in maintaining a proper diet & functioning of the body. It is used in medication of various chronic and acute health conditions linked to clinical malnutrition & therapies such as diabetes, cardiac rehabilitation, renal dialysis pediatrics, trauma, cancer. It also finds application in nutrition support and wellness centers-based intervention programs.
COVID-19 impact:
The COVID-19 pandemic continues to ravage various industries as they largely remain focused on preventing transmission of coronavirus rather than their business operations, however, things are looking bright for the clinical nutrition industry. As clinical nutrition is essential for improving COVID-19 patients’ respiratory outcomes, regional governments are readily accepting its use and reimbursements, thereby, augmenting the demand for clinical nutrition products.
Regional analysis:
Worldwide clinical nutrition market is fragmented into North America, Asia Pacific, Latin America, Europe, and Rest of the World. As per the report, APAC currently leads the industry growth on account of increasing adoption of clinical nutrition products, presence of several manufacturers, rising prevalence of metabolic & chronic disorders, and expanding elderly population in the region.
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Global Clinical Nutrition Market by Route of Administration (Revenue, USD Billion, 2017-2027)
- Oral
- Parenteral
- Enteral
Global Clinical Nutrition Market Application Sub-Segments (Revenue, USD Billion, 2017-2027)
- Metabolic Disorders
- Gastrointestinal Disorders
- Neurological Diseases
- Cancer
- Others
Global Clinical Nutrition Market End-User Sub-Segments (Revenue, USD Billion, 2017-2027)
- Pediatric
- Geriatric
- Adults
Global Clinical Nutrition Market Regional Landscape (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Europe
- United Kingdom
- France
- Germany
- Italy
- Spain
- Rest of Europe
Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Clinical Nutrition Market Competitive Backdrop (Revenue, USD Billion, 2017-2027)
- Mead Johnson Nutrition Company
- Hero Nutritionals Inc.
- NestlA(C) S.A, Lonza Ltd.
- Pfizer Inc.
- Perrigo Company Plc
- Fresenius SE & Co. KGaA
- Baxter International Inc.
- Danone Nutricia
- B. Braun Melsungen AG
- Abbott Laboratories
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Clinical Nutrition Market, by Region, 2018-2027 (USD Billion)
1.2.2. Clinical Nutrition Market, by Route of Administration, 2018-2027 (USD Billion)
1.2.3. Clinical Nutrition Market, by Application, 2018-2027 (USD Billion)
1.2.4. Clinical Nutrition Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Clinical Nutrition Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Clinical Nutrition Market Dynamics
3.1. Clinical Nutrition Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Clinical Nutrition Market Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Clinical Nutrition Market, by Route of Administration
5.1. Market Snapshot
5.2. Global Clinical Nutrition Market by Route of Administration, Performance - Potential Analysis
5.3. Global Clinical Nutrition Market Estimates & Forecasts by Route of Administration 2017-2027 (USD Billion)
5.4. Clinical Nutrition Market, Sub Segment Analysis
5.4.1. Oral
5.4.2. Enteral
5.4.3. Parenteral
Chapter 6. Global Clinical Nutrition Market, by Application
6.1. Market Snapshot
6.2. Global Clinical Nutrition Market by Application, Performance - Potential Analysis
6.3. Global Clinical Nutrition Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Clinical Nutrition Market, Sub Segment Analysis
6.4.1. Cancer
6.4.2. Neurological Diseases
6.4.3. Gastrointestinal Disorders
6.4.4. Metabolic Disorders
Chapter 7. Global Clinical Nutrition Market, by End-User
7.1. Market Snapshot
7.2. Global Clinical Nutrition Market by End-User - Potential Analysis
7.3. Global Clinical Nutrition Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Clinical Nutrition Market, Sub Segment Analysis
7.4.1. Pediatric
7.4.2. Adults
7.4.3. Geriatric
Chapter 8. Global Clinical Nutrition Market, Regional Analysis
Related Report:
U.S. Clinical Nutrition Market Size, Competitive Industry Share & Forecast, 2020 – 2026
U.S. Clinical Nutrition Market Size is anticipated to grow at over 7.1% CAGR during 2020 to 2026, as per new research report. Growing awareness regarding the clinical nutrition among the patients has surged the market demand for nutritional products among the pediatric as well as adult population. Increasing number of preterm and new births across the country will further propel the U.S. clinical nutrition industry growth. The market players are emphasizing on strategic expansion through several inorganic strategies such as, mergers, acquisition, strategic collaboration and new product launches to gain significant market share and to strengthen their product portfolio. Industry players are also focusing on development of nutritional solutions that can fulfil the nutritional needs of all the paediatric and adult population. Hence, the above-mentioned factors will enhance the market demand in the future.
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