Growing rates of chronic diseases in developed as well as developing countries is expected to drive the global clinical nutrition market. The clinical nutrition market is estimated to reach a market value of US$ 55,014.4 million in 2019 and it is expected to reach US$ 98,520.0 million by 2027, growing at an estimated CAGR of 7.6% over the forecast period.
The need to provide continuous care to elderly population generates demand for various clinical nutrition products. Geriatric population having eating and digestive disorders is a major consumer base of clinical nutrition products worldwide. With rapid expansion of elderly population pool, the demand for enteral and parenteral nutrition will only increase in the coming years. Countries such as U.S., Japan and other industrialized nations are having a large number of baby boomers; in fact, it is estimated that elderly population in U.S. will be more than children population in the near future.
Increasing incidences of respiratory disorders, cardiovascular diseases and other chronic ailments will result in more and more adoption of nutritional products, which will thus propel market growth. Industry expansion is also attributed to rising average household income in countries such as India and China. The infant nutrition market is majorly driven by increasing births, pre-mature and pre-term births. The need to provide external nutrition to premature babies attributes to a rising demand for infant clinical nutrition products. Moreover, infant nutrition such as baby milk formula is gaining rapid popularity in emerging economies. With changes in mother’s lifestyle in developing countries, the demand for milk formulas and other infant nutrition products is driving the infant nutrition industry growth.
The detailed research study provides qualitative and quantitative analysis of global clinical nutrition market.The market has been analyzed from the scope of demand as well as supply. The analysis of demand covers market revenue across regions and further also across all the major countries. The analysis of supply covers the major market players and their regional and global presence and strategies. The geographical analysis emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Clinical Nutrition Market (US$ Million) From 2015 to 2027, By Product
Key Findings of the Report: