Market Overview:
The clinical nutrition 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. The shortage of sufficient nutrients has resulted in shifting habits such as daily smoking, alcohol, longer working hours and dependence on fast food, which is also one of the factors contributing to the rise of the market for the medical nutrition industry. High price and important reimbursement policies adopted by the governments of different countries are however the factors that hinder business growth.
With the increasing geriatric population, it is anticipated that spending on medical nutrition therapy will increase in the future. Due to the frail digestive framework in old age, it becomes hard for the human body to assimilate all the essential nutrients from food. The lack of appetite among the geriatric community is considered a significant widespread concern, such that the elderly population does not get the essential amount of nutrients.
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 clinical nutrition market size. Japan emerging as the best performer in APAC. The clinical nutrition market 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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