Clinical Nutrition Market share forecast to grow at 7% CAGR from 2017 to 2024: Fractovia.org The research report “Clinical Nutrition Market Size By Product [Infant Nutrition (Milk, Soy, Organic), Parenteral Nutrition (Amino Acids, Fats, Carbohydrates), Enteral Nutrition (Standard Composition, Disease Specific Composition)], Regional Outlook (US, Canada, UK, Germany, France, Spain, Italy, Russia, Japan, China, India, Australia, Malaysia, Mexico Brazil, South Africa, UAE, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says The growing geriatric population, rise in the number of metabolic disorders, and an increase in the number of premature births are key factors that will propel clinical nutrition market, which was worth USD 40 billion in 2015, and will grow at a CAGR of 7% over 2017-2024. The world is witnessing a rise in the number of disorders subject to the lack of proper nutrition, as per scientists. Clinical nutrition market size is expected to grow exponentially subject to this very factor. Clinical nutrition entails the administering of nutritional products to patients suffering from malnutrition, metabolic disorders, and other chronic diseases. It also involves the diet supply and management for in patients and out patients.
As per reliable statistics, metabolic syndrome affects more than 50% of the U.S. population aged above 60, and approximately 35% of the U.S. adult population. The aged have been found to be more susceptible to metabolic disorders, loss of appetite, and chronic disease due to lack of nutrition, which will propel the demand for vitamins, minerals, and other nutrients, thereby fueling clinical nutrition industry trends. Clinical nutrition market is controlled by a specific number of leading players accounting for a major share. Companies such as Hospira, Baxter International, Danone, B Braun Melsungen, Nestle, Mead Johnson, Perrigo, Fresenius Kabi, Abbott Laboratories, and H. J. Heinz mainly operate in this industry, and are engaged in tried-and-tested as well as innovative growth strategies to expand their business and provide a competitive edge to their rivals. Recently, Nestle was in the news for researching on developing nutritional solutions that contribute toward healthy aging. Baxter International, Inc., has also developed a comprehensive guide that’ll help develop smart infusion system drug libraries. Subject to the fact that clinical nutrition is related to health, diet, and hygiene, customers prefer to purchase branded products from established firms. Since clinical nutrition market is characterized by consumer preferences for selected, well-established brands, it may pose a threat to new entrants, who may need to face stiff competition in clinical nutrition industry from the already established bandwagon of companies. 1|Page