Clinicalnutritional supplements are on an upward growth curve and as per a TransparencyMarket Research, the market for the same will chart a steady 61% CAGR (CompoundAnnual Growth Rate) between 2018 and 2026. This growth will lead to an improvedworth for the global oral clinicalnutrition supplements market.
Oneof the most significant factors that is leading to growth in the market is thepopulation, ageing at a dizzying pace. For instance, it is noted by expertsthat the demographics shifted dramatically in 2018, seeing a higher number ofpeople aged 65 and those aged five and below. And, as per a study one in everysix people in the world are set to occupy the former age group in the next 3decades.
Asfar as statistics regarding those aged 60 and above are concerned, the numberwill see a steep rise from 900 million in 2015 to 2 billion in 2050.
Onepf the other significant factors driving growth in the global oral clinicalsupplements market is a poor lifestyle with increased alcohol intake, poordiets and so on. Additionally, rise of nuclear families is leading to nutritiondeficient meals. And, this is further compounded by rise of dual incomefamilies. As a result, when both people who are adults in a family work hecticschedules for longer durations, neither wants to take pains to prepare propermeals with fresh ingredients.
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AsiaPacific to Show Significant Growth over the Forecast Period:
Owingto a wide geriatric population, and high levels of malnutrition, the AsiaPacific region will chart a notable CAGR over the forecast period. Growth isalso attributable to increase in awareness levels among people, who areexperiencing improved standard of living, owing to economies doing well,generating higher levels of disposable income, that support the regionalgrowth. The region is witnessing much demand for oral clinical nutritionsupplements. Thus, this region will come up with new opportunities for playersto tap into.
Theother region that will show strong statistics over the forecast period is theNorth American region, owing to good levels of awareness, proper healthcareinfrastructure with a robust reimbursement policy. Besides, levels ofdisposable incomes are high, supporting growth in the global oral clinicalnutrition supplements market.
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Thereport by TMR includes a comprehensive profiling of the major pplayers in theglobal oral clinical nutrition supplements market. Some of these include DanoneNutricia, NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., MedifoodInternational, Medtrition Inc., GlaxoSmithKline plc, Perrigo Nutritionals,Victus Inc., B Braun, Fresenius Kabi Ltd, Nestle Health Science, Nature'sBounty, Pharmavite, Pfizer Inc., Bayer AG, Church & Dwight, and others. Itis also pertinent to note here that the market landscape is slightlyfragmented.
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