The global Clinical Nutrition Market, valued at USD 13.4 billion in 2023, is forecasted to witness robust growth, reaching a market size of USD 29.2 billion by 2033. This expansion represents a significant CAGR of 8.1%, reflecting increasing demand for nutrition-based therapeutic solutions.
The growing prevalence of chronic diseases, malnutrition, and aging populations is driving demand for clinical nutrition products. These solutions are pivotal in managing various health conditions by ensuring adequate nutrient intake, improving recovery outcomes, and addressing specific dietary needs. Key sectors such as hospitals, home healthcare, and geriatric care are witnessing heightened adoption of clinical nutrition solutions.
Manufacturers are focusing on innovative formulations to cater to the evolving needs of patients, including tailored solutions for pediatric, adult, and elderly populations. Additionally, increasing awareness about preventive healthcare and the role of nutrition in managing chronic illnesses like diabetes and cancer is further propelling market growth.
Key Drivers of Market Growth
- Rising Prevalence of Chronic Diseases: The increasing incidence of chronic conditions such as diabetes, cardiovascular diseases, and cancer is driving demand for clinical nutrition solutions tailored to manage these health issues.
- Growing Geriatric Population: An aging population often requires specialized nutritional support, contributing to the market’s expansion as older adults face higher risks of malnutrition.
- Increased Awareness of Nutrition’s Role in Health: There is a growing recognition of the importance of nutrition in promoting health and longevity, leading to higher consumption of clinical nutrition products.
- Innovation in Nutritional Products: Advances in personalized nutrition and targeted dietary solutions are enhancing product offerings, catering to specific health needs and preferences.
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Market Insights
- The market encompasses various segments including oral, enteral, and parental nutrition, with applications across pediatric, adult, and geriatric populations.
- The demand for specialized products, such as those addressing malnutrition and metabolic disorders, is expected to drive significant growth within the market.
Key Takeaways:
- The Clinical Nutrition Market is projected to grow at a CAGR of 8.1%, doubling its valuation from USD 13.4 billion in 2023 to USD 29.2 billion by 2033.
- Rising incidences of chronic diseases and malnutrition, along with aging populations, are driving demand for clinical nutrition solutions.
- Innovations in product development are catering to diverse patient needs, from pediatric to geriatric care.
- Increased focus on preventive healthcare and awareness of the importance of nutrition in disease management bolster market growth.
As the importance of nutrition in enhancing patient outcomes continues to gain recognition, the clinical nutrition market is poised for sustained expansion, paving the way for advanced and accessible therapeutic nutrition solutions globally.
Competitive Landscape
Prominent participants in the clinical nutrition industry include Nestle Health Science, Fresenius Kabi, Abbott Laboratories, Danone, B Braun Melsungen AG, Baxter International Inc., Mead Johnson (Reckitt Benckiser), and Perrigo.
These important stakeholders concentrate on strategic initiatives including collaborations, alliances, the launch of new products, and commercialization of the development of the company. Additionally, these market leaders are investing heavily in research to launch fresh items and increase profits.
Latest Developments:
- In August 2020, a binding contract was reached by Nestle Health Science, a division of Nestle SA, to acquire IM HealthScience. Products for medical nutrition are offered by IM HealthScience and meet specific dietary needs for a range of illnesses. Through this tactical acquisition, the corporation was able to improve and broaden its line of nutritional management products.
- In July 2020, Danone announced investing USD 108 million in the growth of its specialized nutrition products in China. This investment enabled the company to increase the variety of nutritional products it offers to better serve consumers in China and retake the country’s clinical nutrition market share.
Key Companies Profiled
Nestle Health Science, Fresenius Kabi, Abbott Laboratories, Danone, B Braun Melsungen AG, Baxter International Inc., Mead Johnson (Reckitt Benckiser), and Perrigo.
Key Segments Covered in the Clinical Nutrition Market Report
By Product:
- Infant Nutrition
- Parenteral Nutrition
By Application:
- Cancer
- Metabolic Disorders
- Neurological Diseases
- Gastrointestinal Disorders
- Others
By Distribution Channel:
- Retail Stores
- Pharmacies & Drug Stores
- Online Channels
- Others
By Consumer:
- Pediatric
- Adult
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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