Clinical Nutrition Market Size, Share and Growth Analysis to 2030
maverick
Share this Post to earn Money ( Upto ₹100 per 1000 Views )
The global clinical nutrition market, valued at approximately $35 billion in 2022, is poised for remarkable growth, with projections indicating that it will exceed $70 billion by 2030. This impressive expansion is expected to be driven by several key factors, as outlined in a comprehensive market analysis.
Key Trends Fueling Market Growth
- Advancements in Clinical Nutrition Science: The market is witnessing significant growth due to advancements in clinical nutrition science. Customized clinical nutrition protocols tailored to individual genetic profiles and dietary requirements have become possible through developments in nutritional genomics and personalized medicine, making clinical nutrition interventions more effective.
- Rising Incidence of Malnutrition: The increasing prevalence of malnutrition, often resulting from diseases, surgeries, or the inability to consume regular meals, is a major driver of the clinical nutrition market. Clinical nutrition is crucial in hospitals to meet the nutritional needs of patients and aid in their recovery.
- Educational Needs: To promote the proper use of therapeutic nutrition products, better education and training are required among consumers and healthcare professionals. Bridging the knowledge gap will be essential for industry development.
- Oral Category Dominance: In 2022, the oral category dominated the industry, offering a concentrated source of calories, protein, and nutrients. Nutritional bars, in particular, have become popular as practical on-the-go snacks.
- Neurological Disorders: Neurological disorders represented a dominant category in 2022, with customized nutrition plans often necessary for individuals undergoing neurological rehabilitation.
- Growing Adult Category: The adult category is expected to experience significant growth, with specialized nutritional advice needed for pregnant and nursing women and individuals at various life stages.
- Regional Dominance: North America is projected to lead the clinical nutrition market, driven by the adoption of telehealth and digital health solutions, making clinical nutrition services more accessible. Asia Pacific is expected to be the fastest-growing region, with innovative products catering to nutritional and cultural demands.
Key Growth Determinants
- Rising Prevalence of Chronic Diseases: The increasing prevalence of chronic diseases has led to a higher demand for specialized nutritional support, making clinical nutrition products crucial for maintaining the health of chronic condition patients.
- Increasing Demand for Nutritional Therapy: Growing awareness of the significance of nutrition in overall health has led to a rising demand for nutritional therapy tailored to individual health needs.
- Growing Healthcare Expenditure: Higher healthcare spending allows healthcare organizations to invest in clinical nutrition services, modernize their offerings, and offer specialized support.
Major Growth Barriers
- High R&D Costs: The significant investment required for research and development may limit smaller businesses' entry into the clinical nutrition market, slowing down innovation.
- Constant Pricing Pressure: Healthcare providers under pressure to reduce costs may seek cheaper alternatives for clinical nutrition products, potentially impacting product pricing and reimbursement rates.
Key Trends and Opportunities to Look at
- Rising Plant-based Clinical Nutrition: Increased consumer demand for plant-based clinical nutrition products is driven by health awareness and dietary preferences.
- Increasing Adoption of Telehealth and Remote Monitoring: Telehealth platforms are making clinical nutrition consultations and guidance more accessible, particularly in underprivileged or remote areas.
- Growing Nutritional Support in Critical Care: Specialized clinical nutrition support for critical care patients can improve healing, minimize complications, and enhance patient outcomes.
Regional Frontrunners
- North America Holds the Highest Prospects: North America is expected to lead the clinical nutrition market due to the high prevalence of chronic diseases and increased focus on preventive healthcare.
- The Fastest Growth Potential Identified in Asia Pacific: Asia Pacific is anticipated to witness the fastest market growth, driven by rapid urbanization, increasing disposable incomes, and an aging population.
Leaders in the Global Clinical Nutrition Space
Perrigo Company Plc, Hero Nutritionals Inc., Abbott Laboratories, Danone Nutricia, B. Braun, Baxter International Inc., Fresenius SE & Co. KGaA, Pfizer Inc., Lonza Ltd., Nestlé S.A., Meiji Holdings Co., Ltd., Mead Johnson Nutrition, Vivify Health, Ketogenic, FMC Corporation
Global Clinical Nutrition Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 -(By Route of Administration Coverage, By Application Coverage, By End User Coverage, By Geographic Coverage and Leading Companies)
https://www.fairfieldmarketresearch.com/report/clinical-nutrition-market
Read Our Report:-
Clinical Nutrition Market
https://www.linkedin.com/pulse/clinical-nutrition-market-future-trends-demands-forecast-saurabh-vyas-0uuwf
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
