Portland, OR, Aug. 10, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Critical Care Nutrition Market was estimated at $10.61 billion in 2020 and is expected to hit $19.23 billion by 2030, registering a CAGR of 6.3% from 2020 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Increase in healthcare expenditure, rise in prevalence of ageing associated diseases, and advantages offered by critical care nutrition drive the growth of the global critical care nutrition market. On the other hand, inadequate efficiency of nutritional care in critically ill patients impedes the growth to some extent. Nevertheless, high market potential in emerging economies has been beneficial for the market growth.
COVID-19 scenario-
- Critical care is the provision for safer and appropriate nutrition, which needs to be provided to patients admitted in the ICU that requires evidence-based practice. This factor boosts the global critical care nutrition market during the pandemic.
- Also, fulfillment of nutritional deficiencies through critical care nutrition is anticipated to boost the market growth past pandemic too.
The global critical care nutrition market is analyzed across route of administration, application, end user, and region. Based on route of administration, the enteral segment contributed to nearly three-fifths of the total market share in 2020, and is expected to lead the trail by 2030. The same segment would also register the fastest CAGR of 6.7% throughout the forecast period.
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Based on age group, the pediatric segment accounted for more than two-fifths of the total market revenue in 2020, and is anticipated to rule the roost by 2030. The geriatric segment, on the other hand, would grow at the fastest CAGR of 6.7% during the forecast period.
Based on region, North America held the major share in 2020, garnering around one-third of the global critical care nutrition market. Simultaneously, the market across Asia-Pacific would cite the fastest CAGR of 7.4% from 2020 to 2030.
The key market players analyzed in the global critical care nutrition market report include Abbott Laboratories, Nestle S.A., Victus, Inc., B.Braun Melsungen AG, Meiji Holdings Co., Ltd., Mead Johnson & Company LLC., Danone S.A., Baxter International Inc., and Reckitt Benckiser Group PLC. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
