Market Size Forecasters adds “Clinical Nutrition Market Size Report 2024” new report to its research database. The report spread across 140 pages and 124 table and figures in it.
Clinical Nutrition Market size is set to exceed USD 80 billion by 2024; according to a new research report.
Rising global population, escalating burden of chronic diseases, increasing number of pre-mature deaths and growing inclination towards home healthcare will drive global clinical nutrition market size. Malnutrition is the leading cause of child deaths in most developing countries. Rising metabolic disorders has become a growing public health concern worldwide. Increasing instances of malnutrition coupled with high metabolic disorder prevalence will stimulate growth.
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Rapid advances in clinical nutrition design and composition coupled with continuous quality improvement initiatives should expand industry size. Availability of nutritional practice guidelines should improve the delivery of patient nutrition care. Stringent government regulations, lack of uniform reimbursement policies worldwide, market volatility and complexities in patient compliance will deter clinical nutrition market growth.
Enteral nutrition should witness over 5% CAGR with expectations to surpass USD 20 billion by 2024. Increasing preference for enteral route of food administration coupled with technological innovation for development of novel enteral feeding devices should contribute towards segment growth.
Favorable government initiatives in delivering nutrition services and wide application of clinical nutrition in food industry, pharmaceutical and home healthcare should accelerate business growth. Some of the European countries have launched Fight Against Malnutrition (FAM) program to curb the spread of malnutrition.
APAC accounted for more than 40% industry share, followed by Europe and North America. The regional nutrition market should surpass USD 30 billion by 2024, with infant nutrition holding the significant business share.
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Infant applications held more than 50% of clinical nutrition market share and is anticipated to witness more than 9% CAGR over the forecast years. The milk based products should experience a considerable growth owing to improved tolerance and good taste, thus surpassing the market value of over USD 35 billion by 2024.
Parenteral nutrition should witness a considerable growth to reach USD 7 billion. Amino acids held more than 40% parenteral nutrition share as they are essential to achieve balanced body metabolism. Fats will witness a robust growth of over 6%.
China clinical nutrition market accounted for over 35% of regional industry size. Increasing population, high birth rate coupled with growing burden of chronic and metabolic disorders should drive business growth. Rapid economic development, improved healthcare systems and increasing disposable income levels will also accelerate industry growth.
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