Market Overview
Some of the leaders driving the Global Clinical Nutrition Industry include Baxter International Inc., B. Braun Melsungen AG, Abbott Laboratories, Mead Johnson Nutrition Company, Nestlé S.A, Groupe, Danone, Fresenius Kabi, Perrigo Company Plc.and Hospira Inc. are some of the prominent players at the forefront of competition in the Global Clinical Nutrition Market and are profiled in MRFR Analysis. Profiling those in its analysis MRFR finds out their strategies that place them at the forefront of completion.
Clinical Nutrition Market – Synopsis
Clinical Nutrition basically refers to the therapeutic composition specifically developed to suffice a patient’s nutritional requirement of the patient. These compositions are prescribed by the physicians for patients to provide with special nutrient required to manage a disease & special health condition. Clinical Nutrition is given during the treatments of chronic diseases like diabetes, cancer, COPD (chronic obstructive pulmonary disease), immune system disorders, gastrointestinal disorders & many more. Intake of Clinical nutrition products has proven to be effective to gain the fast recovery.
Diabetes is prevailing worldwide becoming a paramount concern. Despite the improvement in medications & healthcare; Diabetes is spreading like a wild fire in developed and developing countries alike. So are spreading the other deadly diseases like cancer, kidney disorders and cardiovascular diseases etc. Growing population and inappropriate practices is disturbing the ecological balance presenting disorders associated with the lifestyle etc. Accident rate is increasing rapidly with alarming digits. These factors presage towards the demand for Clinical Nutrition needed during the recovery. This ultimately suggests the increasing traction the market of Clinical Nutrition is about to perceive.
Gauging & evaluating the potential of this market to grow further in the years to come; Market Research Future has published a study report recently, in which MRFR asserts that the global Clinical Nutrition Market will perceive splendid accruals by 2021 registering a phenomenal CAGR during the forecast (2016 – 2021).
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Owing to the burgeoning Healthcare Sector, the global Clinical Nutrition market is growing with the rapid pace. Similarly, other factors fostering the market growth include, increasing awareness towards the advantages that medicated foods and beverages offer, need for the additional nutrients, adoption of inappropriate life style like alcoholism, smoking, extended working hours coupled with the reliance on fast-food which further results into lack of adequate nutrients. Additionally, augmented acceptance and adoption of infant and child nutrition in developing countries attributing to the heady life style is contributing to the market growth.
On the other hand, high price associated with these foods, unfavourable reimbursement policies implemented by the governments in various countries, stringent FDA regularities and the market volatility of market is restricting the market growth. Furthermore, other ample of low cost counterfeit products floating in the market are presenting challenges to the good quality brands disturbing their sales eventually affecting the market growth.
A lot of head storming has been pondered finding if multivitamins can actually protect encountering diseases. Experts conducting various analyses on efficacies of multivitamins have confirmed that it may slightly reduce the risk of cancer but they can’t restrict heart disease. These experts are also suggested the focus to be on diet instead of supplements. Leverage to this, almost 50% of Americans have already included multivitamins in their diet in order to prevent common illnesses. However, there is no proof about the efficacy.
Physicians at the Harvard leading the Health PHS II (Study) have recently proved that intake of multivitamins may slightly lower the risk of being diagnosed with cancer. However, the focus should be on diet & not on supplement. The studies of taking vitamins to prevent disease have been largely disappointing. It does not appear that a multivitamin can replace a healthy diet high in fruits and vegetables.
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.
Innovation/Industry/ Related News:
January 31, 2018 - Filament BioSolutions, Inc. (North America), a leading clinical nutrition therapeutics company announced its partnership with the University of Ottawa and Children’s Hospital (as a corporate partner) for to study the clinical application of microbiome-based precision nutrition in inflammatory bowel disease (IBD). The research project valuing a USD 7.4M is funded by Genome Canada and the Canadian Institutes of Health Research (CIHR).
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.
Worldwide Clinical Nutrition Market – Geographical Analysis
Asia-Pacific accounts for the largest market share. The region is estimated to perceive a rapid growth during the anticipated period. Increasing geriatric population is expected to propel the regional market growth.
Europe and North America account for the 2nd & 3rd largest markets with a substantial market share.
The market share of North America is projected to dip slightly whereas; Europe market is expected to gain momentum by 2020.
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