Source:MarketUs
March28,202308:31ET
ClinicalNutritionMarkettoReachValuationofUSD85.5BnatCAGRof6.2% by2032-ReportbyMarketus
AccordingtoMarket.us,TheglobalCancer Immunotherapy Marketgrowthis drivenby OwingtotheIncreasing Geriatric Population,Patientawareness ofclinicalnutritionalproducts andPrevalenceofmetabolic disorders North AmericaDominates with38%oftheMarketShare.
New York,March28,2023(GLOBE NEWSWIRE) -- Theglobalclinicalnutritionmarketinterms ofrevenuewas estimatedtobeworthUSD 474Bnin2022andis poisedtoreachUSD 852billionby 2032,growingataCAGR of 62%from 2022to2032 Clinicalnutritionrefers toatypeofpharmaceuticalproductthathelps inthemaintenanceofa patient's health Providingadequatevitamins,minerals,andother supplements improves themetabolic system Clinicalnutritionaids inthepromotionofhealth Ithelps diagnoseandtreatdiseases by preventingdiet-relatedillnesses thatimpactdietcomponents' intestinalabsorption,intake,andmetabolism Itworks inambulatory andacutecare settings,suchas nutritionsupport,wellness centers,cardiac rehabilitation,trauma,pediatrics,cancer,diabetes,and community-basedinterventionprograms
Togetadditionalhighlights onmajor revenue-generatingsegments,Requestaglobalclinicalnutritionmarketsample reportathttps://marketus/report/clinical-nutrition-market/request-sample/
Key Takeaway:
By Phase,therouteofadministrationsegmentwilllikely haveheldthehighestmarketrevenueover theforecast period2023to2032.
By Application,thecancer segmentwas anticipatedtodominatethemarket
By End-User,thepediatric nutritionsegmentaccountedfor thelargestrevenueshareofthemarket. In2022,NorthAmericadominatedthemarketwiththehighestrevenueshareof38% AsiaPacific willgrow atthefastestCAGR from 2023-2032
Chronic diseases aremorelikely tohappenwithincreasingage Older peoplecannoteasily absorbthenecessary nutrients from their dietduetotherisingnumber ofconditions thataffectthem.Thus,clinicalnutritionis necessary for thegeriatric population Enteralnutritionis notalways anoptionfor elderly patients Hence,medicalprofessionals recommendgivingthem nutritiondirectly throughthestomach.Peoplewhogethomecareandthosewhoareadmitted tohospitals frequently useparenteralnutrition Therefore,thedemandfor clinicalnutritionwillincreaseas theelderly populationgrows,boostingtheexpansionoftheglobalclinicalnutritionmarket.
Factors affectingthegrowthoftheClinicalNutritionMarket
Thereareseveralfactors thatcanaffectthedevelopmentoftheclinicalnutritionmarket Someofthesefactors include:
responsiblefor
Prevalenceofmetabolic disorders:Prevalenceofmetabolic disorders benefits theglobalclinicaltrials market
Riseofonlineshopping:Theincreasingonlineshoppingofnutritionalproducts propelledthegrowthofthemarket
Increasingproductlaunches:Introductionofnew products boostmarketgrowth
Patientawareness ofclinicalnutritionalproducts:Increasingpatientawareness ofclinicalnutritionalproducts will propelmarketgrowth
EffectofCOVID-19pandemic:COVID-19causeasignificantimpactontheglobalclinicaltrialmarket
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TopTrends intheGlobalClinicalNutritionMarket
Onlineretailis oneofthefactors supportingthegrowthoftheglobalclinicalnutritionmarketshare.Duetothegrowing popularity oftheInternet,allretailproducts,includingclinicalnutritionproducts,areseeingshifts inconsumer behavior Nearly every productis now availableonline.Customers now choosetobuy theseproducts from onlinestores becauseoftheincreasingpopularity ofonlineshopping Onlineshoppingis moreconvenientfor customers Formerly unavailablelivechatoptions arenow availableonmostwebsites toanswer questions immediately.Vendors often interactwithcustomers toincreaseconsumers' awareness andmotivatethem toconcentrateonmaintainingtheir healthandwellness.Customers canchoosetheproductthatbestsuits their needs by comparingvendors,prices, products,andpack sizes Productsales inonlinestores areincreasingduetothesevalueadditions Duetothe expandinguseoftheInternetinemergingnations,clinicalnutritionproducts alsoseeariseinsales throughonline stores Theglobalclinicalnutritionmarketwillincreaseduetotheincreaseinonlineshopping
MarketGrowth
Thegrowthofglobalclinicalnutritionis boostedby highspendingonhealthcare,theriseofthemiddleclass in developingeconomies,andtheincreasingprevalenceofmetabolic disorders Moreover,thedevelopmentofclinical nutritionproducts andtherisinggeriatric populationis projectedtodrivethemarket's growth Still,severalrestraints, suchas stringentregulations andalack ofawareness ofclinicalmedicalnutrition,willlikely hinder thedevelopmentof theglobalclinicalnutritionmarket
RegionalAnalysis
NorthAmericadominates theglobalclinicalnutritionmarketwitharevenueshareof38%andis estimatedtomaintain its dominancethroughouttheforecastperiod Therehas beenanupsurgeintheneedfor clinicalnutritionists intheUS as thesenior population's healthissues continuetoincrease.InAmerica,almost35%ofchildrenregularly consume junk food,whichputs them atrisk for diabetes,cardiovascular problems,andobesity,accordingtotheCenters for DiseaseControl(CDC).Theexpansionoftheclinicalnutritionindustry is alsoinfluencedby theUS government's initiativetosupportcancer patients withinclusivenutritioncare
TheAsia-Pacific regionis expectedtoexperiencethehighestCAGR duetoinvestments inhealthcareinfrastructure madeby Asiangovernments Patientawareness ofclinicalnutritionalproducts,malnutrition-relateddiseases,an increaseinmetabolic disorders,andanincreaseinthenumber ofseniors arethemajor causes ofthegrowth.
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CompetitiveLandscape
InApril2021,NutiFoodandBASFformedapartnershiptoproduceproducts containingHumanMilk Oligosaccharides (HMO) NutiFoodis thefirstVietnamesedairy company toincorporateHMO intoits nutritionalproducts througha partnershipwithaEuropeancompany.Theseproducts canbeconsumedby theoralroute.
ScopeoftheReport ReportAttribute
Globalclinicalnutritionmarketsharegrowthis likely tobedrivenby anincreasinggeriatric population.Theprimary factors contributingtotheriseinthegeriatric populationarelongevity andadeclineinfertility rates Theelderly make upasubstantialportionofthepopulationinbothemergingandemergingnations.Thegeriatric populationis also
MarketRestraints
Irregular productpenetrationwillbeamajor obstacletotheexpansionoftheglobalclinicalnutritionmarketshareduring theforecastperiod Theseproducts arenotextensively usedor readily availableindevelopingnations,predominantly inruralareas,becausetherearen'tenoughhealthcarefacilities andskilledmedicalprofessionals.Althoughthegrowing interestinclinicalnutrition,themarket's growthis hinderedby alack ofaffordability andavailability Themarket's growthis alsoimpactedby thelow onlineretailpenetrationinemergingnations duetoinadequateInternetaccess. Thus,vendors arenotmakingsignificantinvestments toupgradetheir distributionchannels,manufacturingfacilities, andwarehouses.Therefore,theglobalclinicalnutritionmarket's expansionmay behinderedby inconsistentproduct penetration
MarketOpportunities
COVID-19infectionwas enormously commonindiabetics andother metabolic disorders As per TheInternational Diabetes Federation,peoplewhoalready haveobesity or diabetes aremorelikely togetinfectedby theSARS-CoV-2 virus becausetheir immunesystems areweak
Treatingdiabetic patients whoareinfectedwithCOVID-19was achallengebecausethevirus has thetendency to multiply rapidly inresponsetoelevatedbloodsugar levels InthetreatmentofCOVID-19-infectedpatients,keeping bloodsugar levels under controlis very important Thus,nutritionalsupportplays avitalroleinthis settingwhich facilitates thegrowthofthemarket Clinicalnutritionis alsoinhighdemandas theoccurrenceofmetabolic disorders continues toincrease Aroundtheglobe,over 425millionpeoplecurrently suffer from diabetes,andthis number is projectedtoincreaseto700millionby 2045,accordingtotheInternationalDiabetes Federation Thus,this marketis anticipatedtobefueledby theintroductionofnew products andtheincreasingprevalenceofmetabolic disorders Moreover,themarketextensionis expectedtogrow by growingproductlaunches
Grow your profitmarginwithMarketus - PurchaseClinicalNutritionMarketPremium Reportat https://market.us/purchase-report/?report id=97087
ReportSegmentationoftheClinicalNutritionMarket
RouteofAdministrationInsight
Theoralsegmentheldthelargestshareofthemarketbecauseoftheincreasingincidenceofchronic diseases The oralsegmentheldthehighestshareduetoanincreaseintheincidenceofchronic diseases suchas cancer, gastrointestinaldisorders,andmetabolic disorders,whichpresents beneficialgrowthopportunities for theoralclinical nutritionmarket Thesegmentis further projectedtomaintainits dominancethroughouttheforecastperiod Furthermore,itis expectedthattheenteralmarketwillexpandatthefastestrateduringtheforecastperiod
ApplicationInsight
Duetothegrowinggeriatric populationbaseandanincreaseinthenumber ofpeoplesufferingfrom chronic conditions likediabetes andcancer,marketgrowthis expectedtodriveover theforecastperiod Thecancer segmentis likely to register thehighestCAGR duringtheforecastperiod.Clinicalnutritionprescriptions haveincreasedas aresultof increasingrates ofchronic diseases inwhichpatients aredeprivedofasmallnumber ofessentialnutrients Also,the expansionofthemarketwillbedrivenby theincreasingnumber ofobesepeopleandpeoplewhodon'texercise enough
End-User Insight
Thepediatric nutritionsegmentis expectedtogrow atahigher CAGR andholds thelargestmarketshareduringthe forecastperiod Thenutritionalneeds ofinfants arereferredtoas infantnutrition Aninadequatedietprovides insufficientnutrients,vitamins,calories,andfluids Breastmilk offers higher foodfor thesevitalfirstmonths ofgrowth thaninfantformula
Breastfeedinghelps preventconditions likeanemia,obesity,andsuddeninfantdeathsyndromeandendorses intelligence,immunity,digestivehealth,anddentaldevelopment Infants usually begineatingsolidfoods betweenfour andsix months Thus,infantnutritionwas limitedtobreastfeeding Therefore,themarketis expectedtoholdthelargest marketshareduringtheforecastperiodduetothefactors mentionedabove
For moreinsights onthehistoricalandForecastGlobalclinicalnutritionmarketdatafrom 2016to2032- downloada samplereportathttps://marketus/report/clinical-nutrition-market/request-sample/
MarketSegmentation
By RouteofAdministrationParental Enteral
By Application
Metabolic Disorders
Malnutrition
GastrointestinalDiseases
Cancer
NeurologicalDiseases
Other Diseases
BasedonEnd-User
Adult Pediatric
Geriatric
By GeographyNorthAmerica
TheUS
Canada
WesternEurope
Germany
France
TheUK
Spain
Italy
Portugal
Ireland
Austria
Switzerland
Benelux
Nordic
RestofWesternEurope
EasternEurope
Russia
Poland
TheCzechRepublic
Greece
RestofEasternEurope
APAC
China
Japan
SouthKorea
India
Australia& New Zealand
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
RestofAPAC
LatinAmerica
Brazil
Colombia
Chile
Argentina
Mexico
CostaRica
RestofLatinAmerica
MiddleEast& Africa
Algeria
Egypt
Israel
Kuwait
Nigeria
SaudiArabia
SouthAfrica
Turkey
UnitedArabEmirates
RestofMEA
MarketKey Players
BraunMelsungenAG
PerrigoCompany plc
HeroNutritionals Inc
Fresenius KabiAG
Pfizer Inc
HospiraInc.
AbbottLaboratories Inc
ReckittBenckiser GroupPLC
Other Key Players
RecentDevelopmentoftheClinicalNutritionMarket
InApril2021- Bioclinica,atechnologicalandscientific leader inclinicalimaging,andERT,aclinicalendpointdata solutions provider,announcedtheir merger Themerger aims tooffer cutting-edgetechnology,digitalinnovation, andexpertiseinmedicineandscience Duetothis strategy,thecompany expandedits serviceandbusiness portfolioofferings invarious therapeutic areas Clario,ontheother hand,was giventothecombinedbusiness in November 2021
InApril2021- QuestDiagnostics,adiagnostic informationservices provider,soldtheremaining40%ofQ2 Solutions toIQVIA Holdings Inc for approximately USD 760million,bringingthecompany's totalownershipto IQVIA This acquisitionstrengthenedIQVIA's marketpositionby supportingthelaboratory services segment
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