Clinical Nutrition Market Global Outlook & Forecast Report 2024: A $109.38 Billion Market by 2029, with a CAGR of 7.35% During 2024-2029 - ResearchAndMarkets.com

The "Clinical Nutrition Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

The global clinical nutrition market is expected to grow from $71.46 Billion in 2023, to reach $109.38 Billion in 2029, at a CAGR of 7.35%.

The global clinical nutrition market is highly competitive and has a broad range of key competitors' presence from domestic and international markets. Some emerging and new market players create higher competition. Major market players followed mergers and acquisitions, collaborative actions, product launches, market expansion, product promotions, and programs that positively influenced the competitive rivalry across the global market landscape. On the other hand, emerging market players and new start-ups are trying to achieve a solid customer base and market expansion. Also, the presence of emerging market players positively influences the competition in the industry. The primary competition among the market players accounted for new product launches, emerging, and gold standard formulations.

Abbott, B. Braun SE, Baxter, Danone, Fresenius Kabi AG, Nestle, Perrigo Company plc, and Reckitt Benckiser Group PLC are the leading market players in the global clinical nutrition market. Abbott is a leading clinical nutrition industry player and operates in the adult and pediatric nutrition business segments. The company's brand Ensure nutrition products portfolio delivers high revenue growth to the adult nutrition business segment. In the nutrition business segment, new flavors and formulations, such as Ensure, Glucerna, Pedialyte, PediaSure, and Similac, include around 360 total care formulas offered by the company.

MARKET TRENDS & DRIVERS

Rise of Targeted & Personalized Nutrition

Personalization nutrition is a rapidly growing field in the clinical nutrition market that includes science-based assessments to deliver individuals with targeted nutritional products or advice. Medical professionals and patients are moving away from a one-size-fits-all approach to value their nutritional goals. Personalized clinical nutrition or precision clinical nutrition, which utilizes nutritional products, lifestyle, and individual biomarkers to craft healthy nutritional suggestions more relevant to the individual, continues to gain popularity. Personalization and a targeted solution came up with highly specific and fully developed formulas that fulfill the needs of individual patients/people for nutritional support. Innovation in targeted and personalized solutions has grown and evolved rapidly in recent years, increasing consumer demand for food systems to support their health and well-being.

Growing Need for Clinical Nutrition in Geriatric Population

Worldwide, the rapidly growing geriatric population has witnessed the significant impact of severe health conditions. The growing geriatric population is a major contributor to clinical nutrition market growth. Many regions are experiencing growth in their elderly population, which is highly susceptible to chronic diseases that demand clinical nutrition products during hospitalization and home care. Furthermore, the significant prevalence of severe health conditions and the demand for healthcare that often comes with aging means medical nutrition has a huge role in meeting the nutrient requirements of seniors. Medical nutrition solutions are used in and outside health settings to support surgery recovery, loss of bone and muscle, nutrient malabsorption common with aging, and many other conditions. In the APAC region, the growing aging population and expanding health facilities indicate a strong future for the clinical nutrition industry.

Growing R&D for New Compounds and Elements in Clinical Nutrition

The clinical nutrition field is continuously evolving new compounds and elements. The constant development of new compounds and elements delivers lucrative opportunities for patient care and the evolution of new clinical nutrition products. Some new and developed compounds have become more popular in recent years due to advances in supplementation, new formulations, and research in the field. Trace elements (TE) used in parenteral nutrition products are becoming popular due to advances and increasing research and development activities. Previously, multi-trace elements were poorly appreciated and not subjected to thorough oversight by the US Food & Drug Administration (FDA). After ASPEN issued the dosage for parenteral nutrition, trace elements witnessed various developments. Now, trace elements are becoming an essential part of medical nutrition. Further, one of the leading companies in the clinical nutrition industry stated that trends underway in medical nutrition include applying some specific amino acids to support patients with malnutrition and muscle loss. For example, new science-based applications are also showing up, such as Nestle's post-surgery oral impact powder, which includes Omega-3s, nucleotides, and arginine (amino acid) for immune support.

GEOGRAPHICAL ANALYSIS

APAC holds the largest global clinical nutrition market share, accounting for a global revenue share of over 48% in 2023. The increasing rate of preterm birth rate, the significant burden of malnutrition among children, teenagers, and adults, as well as the geriatric population, are significantly driving the demand for clinical nutrition products in APAC countries. Further, in APAC, the initiatives, support, and healthcare programs to improve the regional health index are propelling the market growth in the region.

Conversely, North America is the second leading destination for the clinical nutrition market. The increasing geriatric population in the region and high demand for healthcare services across the region drive the hospitalization rate, which leads to malnutrition and the highly targeted population, such as chronically ill and hospitalized patients, thereby driving the high demand for clinical nutrition. Also, the majority of clinical nutrition industry players are present in the U.S., and the higher expenditure on healthcare and awareness about nutritional products are some of the leading factors that boost the market growth in the region.

VENDOR LANDSCAPE

Key Company Profiles

• Abbott
• B. Braun
• Baxter
• Danone
• Fresenius Kabi
• Nestle
• Perrigo Company
• Reckitt Benckiser Group

Other Prominent Vendors

• ADM
• Ajinomoto
• Aculife
• Albert David
• Amanta Healthcare
• American Regent
• BML PARENTERAL DRUGS
• BASF SE
• Caritas Healthcare
• DSM
• Eurofarma
• Farmoterapica
• Grifols
• Glanbia
• Hero Nutritionals
• HUM Nutrition
• ICU Medical
• JW Pharmaceutical
• Kelun (Sichuan Kelun Pharmaceutical)
• Kendal Nutricare Limited
• Lonza
• Lactalis Nutrition Sante
• Mend
• Medifood
• SternLife
• Otsuka Holdings
• Pfizer
• Primus Pharmaceuticals
• Soleo Health
• REVIV
• The Kraft Heinz Company
• Vivante Health
• Vifor Pharma Management

Key Attributes:

Key Topics Covered:

Market Opportunities & Trends

• Rise of Targeted & Personalized Nutrition
• Growing R&D for New Compounds and Elements in Clinical Nutrition
• Advances in Enteral Clinical Nutrition
• Nutritional Management Shifting Toward Homecare

Market Growth Enablers

• Constant Increasing Potential Patient Population
• Increasing Burden of Malnutrition
• Growing Need for Clinical Nutrition in Geriatric Population

Market Restraints

• Stringent Regulatory Norms
• Complication Associated with Clinical Nutrition Delivery
• Irregular Reimbursement Coverage

Segmentation by Route of Administration

• Oral
• Enteral
• Parenteral

Segmentation by Product Form

• Powder
• Liquid
• Semi-Solid

Segmentation by Age Group

• Child & Teenager
• Infant & Toddler
• Adult
• Geriatric

Segmentation by Application

• Malnutrition
• Metabolic Disease
• Gastrointestinal Diseases
• Cancer
• Others

Segmentation by Distributional Channels

• Institutional Sale Channels
• Pharmacies & Drug Stores
• Supermarkets & Hypermarkets
• Online Sales Channels
• Specialty Stores
• Other Distribution Channels

Segmentation by End-users

• Hospitals
• Individuals
• Homecare
• Long-term Care Centers

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