The global clinical nutrition market is expected to
grow at a CAGR of 5.4% during 2017 - 2022.
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The factors driving
the growth of the clinical nutrition market include increasing
geriatric population, high birth rate and high number of premature birth, surge
in the number of victims of malnutrition receiving treatment, surging incidence
of lifestyle associated disease, and increasing incidence of cancer and central
nervous system diseases.
Malnutrition is a
widespread problem, affecting the lives of millions of people globally. It is a
condition that occurs due to deficiency of essential nutrients in the body. In
2010, around 40% of all hospital patients globally were malnourished. Clinical
nutrition is the most efficient way to treat malnutrition and helps in avoiding
associated costs.
The increasing
incidence of cancer and central nervous system (CNS) diseases is driving the
growth of the global enteral nutrition market. Enteral nutrition products are
considered to be one of the best alternatives during the treatment of cancer
and CNS diseases, to avoid nutrition deficiency in human body, for optimal
functioning of various organs.
Asia-Pacific held the
largest share in the global clinical nutrition market. The region is
anticipated to witness rapid growth during the forecast period. The increasing
birth rate, along with growing geriatric population and high number of people
with malnutrition is driving the growth of the clinical nutrition market in the
region.
With the increasing
disposable income, increasing healthcare expenditure, and increasing awareness
regarding nutrition is anticipated to fuel the growth of the Asia-Pacific
clinical nutrition market. The different governments in the region are running
awareness programs throughout these countries to encourage people for consuming
nutritional diet. This would indirectly support the growth of the clinical
nutrition market in the region.
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Some of the major
players operating in the global clinical nutrition market include Baxter
International Inc., Abbott Laboratories, B. Braun Melsungen AG, Nestlé S.A.,
Groupe Danone, Mead Johnson Nutrition Company, Fresenius Kabi AG, and Perrigo
Company Plc.
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