The Global Clinical Nutrition Market by Product Type (Infant Nutrition (Milk based, soy-based, Organic, Probiotics/ Prebiotics and Others), Enteral Nutrition (Standard Nutrition, Disease Specific) Parenteral Nutrition (Amino acids, Fats and Carbohydrates), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 42.2 billion in 2016 and is projected to exhibit a CAGR of 6.3% over the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. The major drivers for the global clinical nutrition market includes increasing prevalence of diabetes, cancer, and other chronic and metabolic disorder.
Manufacturers are focusing on innovation and new launches to tap into emerging markets. For instance, in March 2017, B. Braun Medical Ltd launched a new range of nutritionally complete dietary drinks named Nutricomp Drink Plus, which are available in four flavors and are high-energy milkshake supplement that can be prescribed for the dietary management of malnutrition. San Francisco based Before Brands, Inc. in October 2017, launched a new product SpoonfulOne Daily Food Mix-in, which is a daily dietary supplement powder that is made to train the child’s body to get accustomed to foods responsible for 90% of food allergies.
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Increasing demand for organic clinical nutrition has also led to recent launches of organic clinical nutrition to meet the demand of population. For instance, in March 2017, Garden of Life, the innovator in USDA Organic and Non-GMO Project Verified nutritional products expanded into the sports nutrition arena with the launch of Garden of Life SPORT, which in turn will contribute towards the growth of the clinical nutrition market.
Browse 30 Market Data Tables and 28 Figures spread through 155 Pages and in-depth TOC on Clinical nutrition market by Product Type (Infant Nutrition (Milk based, soy-based, Organic, Probiotics/ Prebiotics and Others), Enteral Nutrition (Standard Nutrition, Disease Specific) Parenteral Nutrition (Amino acids, Fats and Carbohydrates), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) – Global Forecast to 2025
In today’s evolving healthcare industry, proper nutrition is the foundation for healthy lives, due to which manufacturers have been developing science-based nutrition products. The manufacturers are also developing products to support patients through all stages of life, from infancy to childhood to adulthood. For instance, Abbott laboratories in 2016, introduced science-based nutrition drinks, Ensure Surgery Immunonutrition Shake and Ensure Pre Surgery Clear Nutrition to help patients recover from surgeries. In 2017, Abbott added a new ingredient (2’-fucosyllactose) found in human breast milk to its Similac Pro-advance and Pro Sensitive infant formulas and linked to demonstrate its benefits for babies via boosting their immune system. In 2015, Fresenius Kabi AG company expanded its presence in the clinical nutrition segment by distributing the three chamber bag (SmofLipid) for parenteral nutrition in more than 65 economies and have also received approval to sell the product in the U.S., which allowed maximum application safety and convenience in everyday use.
Furthermore, Danone in 2015, announced investment of US $278.62 Mn to build a new plant for company’s early life nutrition brands. Nestlé acquired Pamlab, in 2013, which was specialized in medical food and clinical nutrition products for use under medical supervision in the nutritional management of patients with mild cognitive impairment, depression, and diabetic peripheral neuropathy.
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Key takeaways of the market:
- The global clinical nutrition market is expected to exhibit a CAGR of 3% over the forecast period (2017–2025), owing to the rise in the aging population and premature births. The Asia Pacific region in the global clinical nutrition market is expected to exhibit a high growth rate, in terms of value, over the forecast period.
- Among the product type, infant nutrition segment is expected to exhibit a largest market share as major nutritional need arises from premature births
- The global clinical nutrition market is characterized by market expansion in Asia Pacific, North America, and Europe, which is expected to generate higher market revenue due to increase in prevalence of disabilities.
- Some of the major companies offering clinical nutrition products are Nestle, Fresenius Kabi, Abbott Nutrition, Danone, Baxter Healthcare and B Braun Melsungen AG.
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.