Clinical Nutrition Market Analysis
Clinical Nutrition refers to a therapeutic composition developed to meet a patient’s nutritional specific need. Prescribed by the physicians, these compositions help patients to gain particular nutrient required to manage certain diseases and specific health conditions. Clinical nutrition is usually prescribed during the treatments of chronic diseases like diabetes, cancer, COPD (chronic obstructive pulmonary disease), immune system disorders, and gastrointestinal disorders among others. The intake of clinical nutrition products has proven to be effective for fast recovery.
Increasing cases of chronic diseases and disorders related to heart, cancer, and diabetes are acting as a key force driving the growth of the Clinical Nutrition Market. Growing population and inappropriate practices are disturbing the ecological balance presenting complications associated with the lifestyle etc. Besides the increasing rate of accidents is prompting the demand for clinical nutrition needed during the recovery.
Acknowledging the exponential growth, the market is witnessing currently; Market Research Future (MRFR) in its recently published study report asserts that the global clinical nutrition market will perceive colossal accruals by 2027 registering a striking CAGR during the forecast period (2016 to 2027). Increasing adoption of infant and child nutrition in developing countries due to the heady lifestyle is contributing to the market growth.
Additional factors fostering the market growth comprise the burgeoning healthcare sector and the increasing awareness towards the advantages that these medicated foods and beverages offer. Similarly, factors such as the inappropriate lifestyle and addictions such as alcoholism, smoking, unhealthy habits such as extended working hours and the reliance on fast-food which further results into lack of adequate nutrients are fostering the market growth, generating the demand for clinical nutrients.
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On the flip side, the high price of these foods, stringent FDA regularities, and the unfavorable reimbursement policies in various countries are restricting the market growth. Furthermore, ample availability of low-cost, counterfeit products floating in the market is posing challenges to the good quality brands disturbing their sales and affecting the market growth, eventually.
Experts are head storming to find if multivitamins can prevent the occurrences of these diseases mentioned above. Various analyses conducted to evaluate the efficacies of multivitamins have confirmed that although it may slightly reduce the risk of cancer, they can’t restrict heart disease. These experts have also suggested that the focus should be on diet instead of supplements. Considering these outcomes, almost 50% of Americans have already included multivitamins in their diet to prevent common sicknesses such as cold and flu.
On the other hand, Physicians at the Harvard leading the Health PHS II (Study) have recently proved that the intake of multivitamins may slightly lower the risk of being diagnosed with cancer. However, the focus should be on a diet & not on the supplement. Such studies on the consumption of vitamins to prevent disease have been mostly disappointing that have suggested that the multivitamins can’t replace a healthy diet inclusive of fruits and vegetables.
Global Clinical Nutrition Market – Segmentations
MRFR has segmented its analysis into three key dynamics for the convenience of understanding;
By Products: Comprises Enteral Nutrition, Infant nutrition, Parenteral Nutritionamong other.
By End-users: Adult, Infants & Geriatrics and other.
By Regions: North America, APAC, Europe, and Rest-of-the-World.
Global Clinical Nutrition Market – Geographical Analysis
The Asia Pacific region accounts for the leading market for clinical nutrition. The region is expected to perceive a rapid growth during the review period. Increasing geriatric population is propelling the growth in the regional market.
The European and North American region accounts for the 2nd& 3rd largest markets, respectively, in terms of market shares.
The market growth of clinical nutrition in the North American region is projected to dip slightly whereas; the European market is expected to gain momentum by 2027.
Global Clinical Nutrition Market – Competitive Analysis
Highly competitive clinical nutrition market appears fragmented due to the presence of several major and small players. These players are competing based on portfolio, product differentiation, and pricing. Competitive strength of these players is dependent on, product precision, product pricing, product reliability, and versatility largely. The market is expected to witness intensifying competition owing to the expected improvement in the line of products, services& innovations.
Clinical Nutrition Market Key Players:
Leaders in the global clinical nutrition market include Baxter International Inc., B. Braun Melsungen AG, Abbott Laboratories, Mead Johnson Nutrition Company, Nestlé S.A, Groupe, Danone, Fresenius Kabi, Perrigo Company Plc., and Hospira Inc.
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Clinical Nutrition Market Innovation/Industry/ Related News:
January 31, 2018 - Filament BioSolutions, Inc. (North America), a leading clinical nutrition therapeutics company announced its partnership with the University of Ottawa & Children’s Hospital (as a corporate partner) for the study of the clinical application of microbiome-based precision nutrition in inflammatory bowel disease (IBD). The research project valuing a USD 7.4M is funded by Genome Canada and the Canadian Institutes of Health Research (CIHR).