The global clinical nutrition market reached $51 billion in 2019 is expected to grow at a CAGR of 8% during the forecast period.
The following factors are likely to contribute to the growth of the clinical nutrition market during the forecast period:
Increasing Use of Whey Protein in Clinical Nutrition
Growing Popularity of Home-based Healthcare
High Incidence of Malnutrition Among Hospitalized Patients
Enteral Nutrition Driving Market Growth
The outbreak of novel coronavirus has been a global catastrophe. The symptoms of COVID-19 span a spectrum, ranging from mild, self-limiting flu to pneumonia, acute respiratory distress syndrome, and finally, death. A higher percentage of people have died in Europe than in Asia. A recent meta-analysis from China involving 46,248 patients showed that the most prevalent comorbidities in people infected by COVID-19 were hypertension, followed by diabetes, cardiovascular, and respiratory diseases.
The study considers the present scenario of the clinical nutrition market and its market dynamics for the period 20192025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Clinical Nutrition Market Segmentation
The global nutrition market research report includes a detailed segmentation by route of administration, age group, application, end-users, distribution, and geography. The oral and enteral segment dominates a majority share of the market. The growing health awareness among consumers remains one of the key factors driving the growth of the market. This trend is expected to continue during the forecast period. Although clinical nutritional supplements are generally prescribed to individuals that are at high risk of malnutrition, oral supplements are witnessing widespread inclusions in dieticians' recommendations.
The oral and enteral segment dominates a majority share of the market. The growing health awareness among consumers remains one of the key factors driving the growth of the market. This trend is expected to continue during the forecast period.
Although clinical nutritional supplements are generally prescribed to individuals that are at high risk of malnutrition, oral supplements are witnessing widespread inclusions in dieticians' recommendations.
Hospitals constitute the largest end-user for clinical nutrition products globally. The rising incidence of chronic diseases, along with the growing number of preterm births and surgeries, has led to the growth of demand for clinical nutrition in hospitals.
Long-term care facilities (LTC) include includes ambulatory care facilities. The prevalence of protein-energy malnutrition in nursing homes residents range from 25-85%. Malnourishment in the elderly population can lead to poor clinical outcomes and increase the risk of mortality. Thus, clinical nutrition is generally recommended for patients in LTC facilities, which is driving growth.
Supermarkets and hypermarkets have been dominating the distribution landscape, and the channel is expected to continue its momentum during the forecast period. Drug stores and pharmacies are the most preferred outlets after supermarkets & hypermarkets. Countries such as India, China, and Japan are oriented toward supermarkets and traditional retail outlets. The other significant countries, such as Australia, depend keenly on drug stores and pharmacies.
Key Questions Answered
1. What is the market size and compound annual growth rate of the clinical nutrition market? 2. What are the emerging clinical nutrition market trends that is going to drive the industry during the forecast period? 3. What are the factors influencing the growth of the hospitals segment during the forecast period? 4. What is the growth of the adult and pediatric segment market shares by 2025? 5. Who are the major key players in the clinical nutrition market, and what are their market shares? 6. How is the growing population in the Asia Pacific region impacting the growth of the clinical nutrition market? 7. What is the impact of the COVID-19 pandemic on the global medical nutrition market size?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of the Study 4.4 Market Segmentation
7 Introduction 7.1 Overview 7.2 Impact of Covid-19 On Global Clinical Nutrition Market
8 Market Opportunities & Trends 8.1 Increasing Use of Whey Protein in Clinical Nutrition 8.2 Growing Popularity of Home-Based Healthcare 8.3 Growing Demand for Parenteral Nutrition 8.4 Increased Demand in Developing Countries
9 Market Growth Enablers 9.1 High Incidence of Malnutrition Among Hospitalized Patients 9.2 Higher Nutritional Requirement Among Geriatric Population 9.3 Rising Incidence of Chronic and Metabolic Disorders 9.4 Increasing Preference of Enteral Over Parenteral 9.5 High Demand for Clinical Nutrition Among Cancer Patients
10 Market Restraints 10.1 Complications Related to Enteral Feeding 10.2 Stringent Regulations 10.3 Irregular Reimbursement Coverage for Clinical Nutrition
11 Market Landscape 11.1 Market Overview 11.2 Five Forces Analysis
12 Clinical Nutrition Market by Route of Administration 12.1 Market Snapshot & Growth Engine 12.2 Market Overview 12.3 Oral or Enteral 12.4 Parenteral
13 Clinical Nutrition Market by AGE Group 13.1 Market Snapshot & Growth Engine 13.2 Market Overview 13.3 Pediatric 13.4 ADULT