Clinical Nutrition Global Market To Reach Value Of About $ 52.76 Billion In 2023
The global clinical nutrition market is expected to grow from $38.19 billion in 2019 to $42.86 billion in 2020 at a compound annual growth rate (CAGR) of 12.23%. The growth is mainly due to the COVID-19 outbreak. Nutritional care is believed to influence recovery time and the patient’s ability to return to normal. Nutrition is vital in maintaining avoiding metabolic disturbances during the patient`s stay (around two weeks) in the intensive care. Also, as respiratory difficulties prevent patients from eating effectively, nutritional intake is important. The market is then expected to stabilize and reach $52.76 billion in 2023 at a CAGR of 7.18%.
The clinical nutrition market consists of sales of clinical nutrition interventions and related services by entities (organizations, sole traders and partnerships) that produce nutritional products that are used in the treatment of diseases related to malnutrition, restoring body tissue, and boosting energy and immunity in the body. Clinical nutrition helps in keeping the patient healthy by providing the required amount of nutrients such as proteins, vitamins, and minerals.
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The global clinical nutrition market is further segmented based on type and geography.
By Product: Infant Nutrition, Parental Nutrition, Enteral Nutrition.
By Route of Administration: Oral, Enteral, Parenteral.
By Application: Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders, Others.
By End User: Pediatric, Adults, Geriatric.
By Geography: The global clinical nutrition market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America clinical nutrition market accounts for the largest share in the global clinical nutrition market.
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Trends In The Clinical Nutrition Market
Stringent government regulations are expected to hamper the growth of the clinical nutrition market. The increasing use of dietary products raised public health concerns about their efficacy and safety in both short and long terms. The most frequent concerns with nutritional products include intentional adulteration, contamination, and incorrect reporting on the claimed content by the manufacturers, which may lead to serious health hazards. To ensure public health safety, strict regulations have been initiated by major international and national bodies
Clinical Nutrition Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides clinical nutrition market overviews, analyzes and forecasts market size and growth for the global clinical nutrition market, clinical nutrition market share, clinical nutrition market players, clinical nutrition market segments and geographies, clinical nutrition market’s leading competitors’ revenues, profiles and market shares. The clinical nutrition market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.