The global clinical nutrition market was valued at USD 62,622.3 million in 2020 and is expected to grow at a CAGR of 6.4% over the forecast period. The overall clinical nutrition market is heading towards disease specific feeding formulas. A large number of interventions have been reported showing positive effect of specialized feeding formulas in cancer patients. With increasing prevalence of cancer across males and females coupled with long time required for diagnosis making the disease more critical is likely to open new opportunities for formula manufacturers.
Adroit Market Research report on global clinical nutrition market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities, and challenges. The market has been studied for the period 2018 to 2028, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives, and overall revenue. Prominent players operating in the global clinical nutrition market have been studied in detail.
In 2020 the enteral nutrition segment contributed 71.9% of market share in terms of revenue and is likely to grow at a CAGR of 6.3% over the forecast period. With rising interventions of coronary heart diseases, where patients are unable to consume foods orally post-surgery, feeding tubes are used to administer proper nutrition to these patients. As the global population is passing 7 billion, the number of individuals getting admitted in hospitals for treatment of heart diseases is also on a rise.
The prominent players operating in global clinical nutrition market includes Abbott Nutrition, Groupe Danone, Pfizer Inc., Meiji Holdings Co., Ltd., GlaxoSmithKline, B. Braun Melsungen, Real Food Blends, Functional Formularies, Mead Johnson Nutrition Company, Perrigo, Baxter International, Nestlé Health Science, Ajinomoto, VICTUS, Armor Proteines, NewBridge Pharmaceuticals, and American HomePatient among other prominent players.
Key segments of the global clinical nutrition market
Type Overview, 2018-2028 (USD Million)
- Parenteral Nutrition
- Enteral Nutrition
Application Overview, 2018-2028 (USD Million)
- Postoperative Patients
- Postpartum Women
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central and South America
- Rest of Central and South America
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa