Rising Malnutrition enhances the Global Clinical Nutrition Market Growth Prospects
Inkwood Research estimated
that the Global Clinical Nutrition Market is predicted to project a CAGR of
5.11% in terms of revenue during the forecast period, 2019-2028.
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Forecast 2019-2028.”
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Clinical nutrition is specialized pharmaceutical
supplements designed for those who have nutritional deficiencies by nature.
This may be attributed to some disorder, medical condition, or disease. They
enhance the nutritional intake, and improve the body mechanism. The rising
incidences of malnutrition and the growing number of chronic disorder cases are
raising their demand in the global market.
Increasing Malnutrition in Patients Drives
Market Growth
Malnutrition is a prevailing condition that
affects millions of people worldwide. It occurs as a result of essential
nutrients deficiency. Across the world, almost 40% of hospital patients are
malnourished. Clinical nutrition thus becomes an ideal way to treat
malnutrition. The growing number of malnutrition cases across the globe is
projected to result in the rising usage of healthcare resources. This is
because of the longer duration of stay in hospitals.
In the US, the expenses total to $49 billion
per year that involve malnutrition. Recent research, in accordance with
nutritional habits and calorie intake of 10,000 patients of 245 hospitals,
suggests that 51% of patients have reduced their meal intake to half of their
regular capacity. The study also inferred that around 50% of infectious
diseases patients were prone to malnutrition. Several studies have confirmed
that nutrition can eliminate complications and hasten recovery.
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Cancer remains the most Dominant and Prominent
Application
Cancer affects the smell, appetite, taste,
along with food and nutrient intake. The most common causes of malnutrition in
cancer patients are cachexia and anorexia. Nutritional deficiency affects
almost 15-40% of cancer patients. The nutrition therapy aids the patients in maintaining
body health, strength and tissue sustenance, and minimizing side effects of
treatment. For patients with digestive system cancer, nutritional support is
more often prescribed. This is because of their disposition to malnutrition and
weight loss. Thus, the rising incidences of cancer cases offer a conducive
environment for market growth.
North America is set to be the Major Region by
2028
North America has a surging geriatric
population, along with the rising number of chronic disease cases, like
diabetes and cancer. The region benefits from R&D activities in clinical
nutrition. The US dominated the overall region, and is projected to maintain
this trend throughout the forecast period. Preventive medical nutrition is
being eagerly adopted by clinics and hospitals in North America.
The vendors in the market are competing against
each other for attaining major market share. They are adopting several
expansion strategies like partnerships, mergers & acquisitions, and
partnerships with the R&D department and distribution channels. Abbott Laboratories,
BASF SE, Lonza Ltd, Sanofi, B. Braun, etc. are some of the eminent companies
present in the market.
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customized across industry verticals such as technology, automotive, chemicals,
materials, healthcare, and energy, with an objective comprehension that
acknowledges the business environments. Our geographical analysis comprises of
North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.
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