Market Overview:
The clinical nutrition products market research report asserts that the increased occurrence of diseases that need additional nutrients and increased population awareness of the benefits of medicated foods and beverages are the main factors impacting the growth of this market. Growth Drivers and Top Barriers
In the past decade, metabolic disorders have become prevalent across the world like never before. The number of patients going for diagnosis of metabolic disorders has boosted in this period, leading to the rise in the number of patients diagnosed. Therefore, with the growing prevalence of metabolic diseases, great opportunities lie in store for the industry participants to take advantage of the developing markets.
Trade pundits also take note of the rapid surge in healthcare expenditure as compared to the economic growth in various countries. As a result of the increasing healthcare spending in prominent countries around the world, the clinical nutrition market’s chances of witnessing excellent growth in the coming years are high.
Lack of awareness among the general population could work against market growth in the following years. Having said that, with massive funding from governments, including the international community and private foundations, the market will grow without any hiccups. The prominent funding organizations include the US Department of Agriculture, National Institutes of Health, Nestle Foundation, and Robert Woods Johnson Foundation.
Market Opportunities:
In the medical nutrition space, enteral nutrition, and oral nutritional supplements (ONS) are enjoying massive growth. In particular, oral nutritional supplements are witnessing major boost with consumers as well as healthcare providers prioritizing health & wellness. Also, rising focus on disease prevention and aging well has led to an increasing trend of ONS consumption.
Sensing these opportunities, players are steering their efforts towards these aspects. To illustrate, NZMP in 2017, created a Medical Nutrition and Healthy Aging division, whereas Friesl and Campina Ingredients had recently become a member of the Medical Nutrition International Industry Association.
Clinical Nutrition Global Market – Competitive Landscape
Widely expanded Clinical Nutrition market is fiercely competitive with several major and small players operating internationally & regionally. These players are competing based upon portfolio, product differentiation, & pricing. The competitive strength of these players is largely dependent on, product pricing, product precision product reliability and versatility. The market is likely to witness intensifying competition owing to the expected improvement in line of products, services & innovations.
Regional Analysis of Clinical Nutrition Market
APAC is likely to retain its leading position in the global market. Japan emerging as the best performer in APAC. The clinical nutrition market size in Japan is likely to thrive owing to the expanding elderly population base. The rise in cases of chronic disorders, such as; malignancy and diabetes mellitus, due to dietary changes can influence the market in Japan. The rise in efforts made by associations, such as; the Japan Society of Nutrition and Food Science (JSNFS), are trying to promote public health by spread awareness about clinical nutrition, which, in turn, can support the rise of clinical nutrition market in Japan over the analysis tenure. In China, the clinical nutrition market can grow at decent pace due to rise in awarness about benefits and the mounting cases of metabolic ailments that require clinical nutrition. The soaring number of new entrants into the industry can prompt the market rise in the years to come.
The clinical trial market in the North America region can secure around 23.1% by 2023. The US is observed to lead the clinical nutrition market in the North America region and can retain its position in the years to come due to surge in consumer awareness about effective wellness solutions. The growing need to cut down significant healthcare costs and the escalating birth rate in the North America region can bolsters the need for clinical nutrition in the region, thus can support the market growth. The inclination towards home healthcare setup, especially among the expanding geriatric populace, is another important factor that can boost the rise of the market.
Worldwide Clinical Nutrition Market – Segmentations
For the convenience of the report and enhanced understanding; the report is segmented in to 3 key dynamics: -
By Product: Comprises Enteral Nutrition, Infant nutrition, Parenteral Nutrition among other.
By End User: Adult, Infants & Geriatrics and other.
By Region: North America, APAC, Europe, and Rest of the World.
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