Global Clinical Nutrition Market To Reach Worth USD 55.9 Bn By 2022: Credence Research
According to the latest report published by Credence Research, Inc. “Clinical Nutrition:Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the clinical nutrition market was valued at USD40.5Bn in 2015, and is expected to reach USD55.9 Bn by 2022, expanding at a CAGR of 4.6% from 2016 to 2022.
Browse the full report Clinical Nutrition:Market Growth, Future Prospects and Competitive Analysis, 2016-2022report at http://www.credenceresearch.com/report/clinical-nutrition-market
Growing geriatric population, rise in number of malnutrition patients, escalating birth rate and premature births are some of the major factors that urge the demand for clinical nutrition products. Malnutrition affects millions of individuals worldwide, its prevalence is much higher in draught affected and economically backward regions. On the other hand, the number geriatric individuals is on a perpetual rise. Loss of appetite and chronic diseases are common in this age group, thus affecting the ideal nutrition intake and absorption respectively. These two population groups are the largest consumer base for clinical nutrition and thus growth in their number directly drives the clinical nutrition market.
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Additionally, high birth rate and higher number of premature births also demand advanced clinical nutrition. As healthcare facilities further evolve, the rate of premature fatalities is anticipated to decline. Escalating demand for clinical nutrition in the infant and pediatric categories. Some of the restraints that challenge the growth of clinical nutrition market are less awareness about newer products, high prices of novel product options, and stringent regulations.
In terms of regional distribution, Asia-Pacific is anticipated to be the fastest growing regional market for clinical nutrition. Rapid birth rate, incidence of malnutrition and large pool of geriatric population in countries such as India and China will majorly determine the clinical nutrition market in this region. Birth rate is phenomenally high in India and China, whereas the geriatric population pool has always been at staggering figures in Japan.
This market is observed to be highly competitive with players such as Nestle, Fresenius Kabi, Abbott Nutrition and Danone taking a large market share. These global leaders have been recently facing competition from local players in every region of their geographic reach.
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