Clinical nutrition is related to handling the nutrition of patients who are in health care. Clinical nutrition primarily covers management of patients in the hospital and clinics i.e. both inpatients & outpatients. It focusses on ensuring that all nutrients are included in the diet plan effectively.
According to a Market Research Future report on Clinical Nutrition Market Research Report – Forecast to 2021 states that the sector is expected to grow at an incredible CAGR rate from 2016 to 2021.Increase in population worldwide has led to a high incidence rate of chronic diseases which in turn has led to a rise in the cases of premature death due to diseases that result from living in crowded environments. This scenario has increased favor towards the home healthcare sector and products that supplement nutritional requirement and reduce incidence of such diseases. This change will stimulate the clinical nutrition market size. Rising metabolic disorders have increased cases of malnutrition that may further lead to the development of the clinical nutrition market.
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The evolution of the clinical nutrition market has also been further spurred on by rapid advances in clinical nutrition design and composition along with continual quality improvement initiatives. Rising population who are above 60 years of age especially in developed countries is also an important factor towards market growth, as elderly population are more likely to have diseases, they usually experience loss of appetite which leads to the requirement of clinical nutrition. Some of the factors that are holding back the growth of this sector are market volatility and complexities in patient compliance, stringent government regulations, lack of awareness for clinical nutrition, absence of uniform reimbursement policies worldwide can reduce the pace of growth of the market.
Latest Industry News:
October 2017 Enzymotec has been acquired Frutarom for $168 million. This acquisition will contribute to the expansion in the fields of dietary supplements, designated foods for infants in infant formula, where Frutarom has almost no activity currently, and elderly clinical nutrition in which Frutarom is active.
Clinical Nutrition Market – Competitive Analysis
With the entry of industry players in the clinical nutrition market, a trend of solid, volume-driven growth has been observed in the market with the introduction of various procedure types for different patients. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in Clinical nutrition market report include Baxter International Inc., Abbott Laboratories, B. Braun Melsungen AG, Nestlé S.A. Some of the other important players are GroupeDanone, Mead Johnson Nutrition Company, Fresenius Kabi, Hospira Inc, and, Perrigo Company Plc
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Clinical Nutrition Market – Segments
The market for clinical nutrition market is segmented into the following categories:
On Basis Of By Product: Infant Nutrition, Enteral Nutrition, and Parenteral Nutrition.
On Basis Of End User: Infants, Adult And Geriatrics.
Clinical Nutrition Market – Regional Analysis
Asia-Pacific held the largest share in the global clinical nutrition market. The region is anticipated to witness rapid growth during the forecast period, followed by Europe and North America respectively. Increasing geriatric population is also expected to propel the growth of the Asia Pacific market.
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