Hyderabad, July 28, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled “Clinical Nutrition Market Report (2023-2028),” the market is estimated at USD 66.90 billion in 2023. It is expected to register a CAGR of 8.05% during the forecast period.
The COVID-19 pandemic had a drastic effect on the clinical nutrition market. In May 2021, a research study published in the National Library of Medicine reported that the prevalence of malnutrition was 42% in patients hospitalized with COVID-19. Furthermore, various factors are propelling the clinical nutrition growth of the market, including the increasing prevalence of metabolic disorders, high spending on healthcare, and the rise of the middle class in emerging economies.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 66.90 billion |
| Market Size (2028) | USD 98.52 billion |
| CAGR (2023-2028) | 8.05% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape, and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | Increasing prevalence of metabolic disorders. |
| The growing number of the elderly population and the development of clinical nutrition products specific to the aging population. |
Who are the Top Companies in the Clinical Nutrition Market?
The companies operating in the global clinical nutrition market are continuously engaged in expanding their presence through various inorganic growth strategies, such as acquisitions, mergers, and strategic collaboration.
The noteworthy players holding the global clinical nutrition market are:
- Abbott Laboratories (Abbott Nutrition)
- Nestle Health Science
- Baxter Healthcare
- B. Braun SE
- Danone (Nutricia)
- Perrigo Company PLC
- Fresenius Kabi
- AYMES International Ltd
- Reckitt Benckiser
- Medifood International Ltd
- Ajinomoto Cambrooke Inc. (Nualtra Ltd)
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Key Highlights from the Clinical Nutrition Market Report:
Oral and Enteral Segment to Dominate the Market
- Out of all the routes of administration available for clinical nutrition, oral and enteral routes are the most used, followed by the parenteral route. Physicians primarily prefer the oral route, as it involves fewer complexities and costs as compared to the other two routes of administration.
- Enteral therapy incorporates specialized liquid feedings containing protein, carbohydrates, fats, vitamins, minerals, and other nutrients compulsory to live. Additionally, most of the disease conditions for which the oral route is used for the administration of clinical nutrition are chronic conditions and non-acute conditions.
North American Region Anticipated to Dominate the Market
- North America contributes heavily to the market growth. As per the data provided by the American Society for Parenteral and Enteral Nutrition (ASPEN), as of January 2021, certain parenteral products, including multi-vitamin infusion (adult and pediatric), amino acids, potassium acetate injection, USP, sodium acetate injection, USP, and sodium chloride, 23.4% of injections are currently at a shortage.
- Companies have increased their manufacturing capacity and are working with retailers and government agencies to help ensure adequate availability of and continued access to oral clinical nutrition products. An increase in the prevalence of metabolic disorders is another important factor in helping the market grow.
What are the Latest Developments in the Clinical Nutrition Market?
- In October 2022, Hologram Sciences and Maeil Health Nutrition announced a strategic partnership to deliver personalized nutrition solutions to the Korean market.
- In April 2022, Glanbia Nutritionals launched TechVantage, a functionally optimized nutrient technology platform that will provide customers with nutrient solutions.
Mordor Intelligence has Segmented the Clinical Nutrition Market Based on Route of Administration, Application, End-user, and Geography:
- By Route of Administration
- Oral and Enteral
- Parenteral
- By Application
- Nutritional Support for Malnutrition
- Nutritional Support for Metabolic Disorders
- Nutritional Support for Gastrointestinal Diseases
- Nutritional Support for Cancer
- Nutritional Support in Neurological Diseases
- Nutritional Support in Other Diseases
- By End-user
- Pediatric
- Adult
- By Geography
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- South Africa
- GCC
- Rest of Middle East & Africa
- North America
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Clinical Nutrition Market Report (2023-2028).
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About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the industry’s competitive landscape.
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