Global Clinical Nutrition Market is Estimated to Reach $69 Billion by 2024, Says Accurize Market Research
Global clinical nutrition market report published by Accurize Market Research forecast that the global market is expected to reach $69 billion by 2024; growing at a CAGR of 6.4% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Growing population of baby boomers, high birth rate & increasing number of premature births and growing number of sufferers of receiving malnutrition treatmentacross the globe to drive the growth of the market
Growing population of baby boomers, high birth rate & increasing number of premature births and growing number of sufferers of receiving malnutrition treatment fuels the demand for the global clinical nutrition market. Moreover, increasing incidences of lifestyle related diseases also boost the growth of the market.
The global clinical nutrition market has been bifurcated on the basis of product, and geography. The clinical nutrition market is segmented by product as infant nutrition, enteral nutrition, and parenteral nutrition. Further the market is segmented by infant nutrition as milk-based, soy-based, organic, probiotic/prebiotic, and other infant nutrition. Moreover, the market by enteral nutrition is segmented as standard, and chronically ill.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in U.S. and Rest of North America whereas Europe segment consist of UK, Germany, and Rest of Europe. Asia-Pacific is segmented into China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
“Infant nutrition accounted for the largest market share in the product segment", says Accurize
By product segment,Infant nutrition accounted for the largest market share in 2017 and is expected to continue its dominance during the forecast period 2017 – 2025, owing to increased premature births, increasing disposable income, high demand and acceptance of infant nutrition due to changing lifestyle in the emerging countries. Enteral nutrition accounted for the second largest market share in 2017.
“Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, Asia-Pacific dominated the global clinical nutrition market with largest market share of 40.4% and fastest CAGR in 2017, and expected to continue the trend during the forecasted period, owing to emergent healthcare infrastructure, growing number of chronic diseases, and rising disposable income of the people. Europe accounted for the second largest market share in 2017.
Top players in the market
The key market players include Perrigo Company Plc., Ajinomto Co. Inc., Abbott nutrition Inc., Hero Nutritional Inc., Nestle SA, Danone Baby and Medical Nutrition BV, Baxter International Inc., Fresenius Kabi AG, Gentiva Health Services Inc., and Pfizer Inc., among others.
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