The Clinical Nutrition Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Clinical Nutrition Market is estimated to be USD 13.42 Billion in 2018 and predicted to rise to USD 17.01 Billion by 2023 with a CAGR of 4.85%. The market is segmented by Product Type (Oral Nutrition, Enteral Nutrition and Parenteral Nutrition) by Therapeutic Areas (Malabsorption, Diarrhea, Cancer, Food Allergies, Maldigestion, Diabetes, Short-Bowel Syndrome, Acute Lung Injury and Acute Respiratory Distress), by Ingredients Type (Vitamins, Minerals, Carbohydrates and Amino Acids). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Clinical nutrition therapies at home have become possible due to technological innovation. Factors boosting the clinical nutrition market growth are increased preterm birth rates, increased level of health conscious population and government initiatives. The restraints allied with the clinical nutrition market include stringent regulations and lack of awareness.
In the product type segment, infant nutrition sector leads the market with highest number of shares and is expected to continue its dominance over the forecast period. Infant nutrition is used for the stages of development of infants. Enteral nutrition is given to the patients in case of chronic illness and parenteral nutrition is also known as intravenous feeding.
Asia-Pacific accounted for the largest market in the year 2016 followed by Europe and North America. Increasing awareness regarding clinical nutrition in the developing countries like China and India supports the growth of Asia-Pacific region. Factors like increasing incidence of chronic diseases and healthcare infrastructure are also fuelling the market growth in Asia-Pacific region.
Some of the key participants in clinical nutrition products market include Nestle Nutrition, Abbott Laboratories Inc., Gentiva Health Services Inc., Mead Johnson & Company, Kendall, Ajinomoto Co. Inc., Hospira Inc., Hero Nutritionals Inc., Lonza Ltd, Baxter International Inc., B. Braun Melsungen AG, H. J. Heinz Company, American Home Patient Inc., and Fresenius Kabi among others.
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