Global Clinical Nutrition Market size is projected to be valued $69 Billion by 2024; with a CAGR of 6.4% from 2017 to 2025. Clinical nutrition products comprise clinical foods & various dietary supplements which are mainly used in treatment of eating or nutritional disorders, metabolic disorders, and other conditions. These products are considered mainly as pharmaceuticals which are delivered over parenteral and feeding. Increasing geriatric population, majorly in the developed countries such as the U.S., weak digestive systems of individuals, and chronic diseases primarily drives the clinical nutrition market.
Growing population of baby boomers, high birth rate & increasing number of premature births, growing number of sufferers of receiving malnutrition treatment, and increasing incidences of lifestyle related diseases are the factors driving the growth of the clinical nutrition market. Though, strict rules and lack of responsiveness about clinical nutrition may hinder the growth of the market. Moreover, increasing adoption of clinical nutrition might provide with several growth opportunities in the forecasted year.
The global clinical nutrition market is segmented into 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.
Based on geography, global clinical nutrition 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.
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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Scope of the Global Clinical Nutrition Market