Clinical Nutrition Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till
Posted: May 02, 2019
Clinical nutrition products are aimed at maintaining a nutritional balance in patients, by providing sufficient amounts of nutrients, such as vitamins, proteins, and minerals. The clinical nutrition products are specially formulated to nourish and improve the quality of life for people of all ages, which is in turn favoring the growth of clinical nutrition market. Oral administration of clinical nutrition products is not viable in patients that have severe infection or burns and are recovering from major surgery or acute trauma. Nutritional need in such patients can be met by specialized nutritional feeding known as enteral or parenteral feeding. The enteral nutrition is a segment of clinical nutrition, which includes liquid formula diets and it is administered by feeding tubes into the gastro intestinal tract. Whereas, parenteral feeding is the clinical nutrition administered by the intravascular route.
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The significant advances related to prebiotics and probiotics are expected to favor the growth of clinical nutrition market. For instance, in 2017, Healthmune+ Junior launched a sachet that blends a prebiotic and probiotic with cocoa powder, along with Wellmune a clinically proven immune-boosting fiber. Increasing prevalence of obesity and non-communicable disease acts as a driver for growth of the clinical nutrition market. The consumer awareness for positive role of diet plays an important role in disease risk management, which favors the growth of clinical nutrition market. Increased demand for clinical nutrition, due to rising chronic disease, growing number of premature births, and increasing aging population especially in emerging economies is expected to drive the growth of the clinical nutrition market. Stringent government regulations for approval of clinical nutrition products hamper the growth of clinical nutrition market. The inclusion of probiotics and prebiotics in clinical nutrition is also expected to favor the growth of clinical nutrition market. Efforts by the companies to represent probiotics and prebiotics in different attractive formulations, such as bars, yogurt, and chewing tablets are expected to attract the population towards probiotics and prebiotic products, in turn fueling the growth of clinical nutrition market.
Increasing Incidence and Diagnosis of Chronic Diseases are Expected to Favor the Growth of Clinical Nutrition Market.
The global clinical nutrition market accounted for US$ 42.2 billion in 2016 and is expected to witness a robust CAGR of 6.3% over the forecast period (2017 - 2025).
Clinical nutrition market is directly related to the growth of disease such as cardiovascular diseases, cancer, dementia, and diabetes. Asia Pacific is the dominant region in the global clinical nutrition market owing to high prevalence of chronic diseases and large pool of patients in this region. The most prevalent chronic diseases in Asia Pacific include cardiovascular diseases (CVD), diabetes, cancer, and chronic respiratory diseases. However, China made mandatory for manufacturers of clinical nutrition products to re-register the baby formulas with the government, this hampered infant clinical nutrition manufacturers’ growth in China in 2016. Furthermore, Centre for Food Safety (CFS),in 2017, observed that Similac Stage 2 had 66% less than the data printed on its nutrition label. Similac Stage 2 should contain 3.8milligrams of niacin per 100g as was declared, however, its actual content was 1.3 milligrams of niacin per 100g, and due to this the baby milk powder was banned from sale in Hong Kong, which in turn hampered the clinical nutrition market in Asia Pacific region.
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Key companies covered as a part of this study include Nestle, Fresenius Kabi, Abbott Nutrition, Danone, Baxter Healthcare, and B Braun Melsungen AG.
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