The Global Market for Clinical Nutrition Products is Projected to Reach US$53.9 Billion by 2020

Aging Population & Rising Prevalence of Chronic Illnesses Drive the Clinical Nutrition Products Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Clinical Nutrition Products markets. The global market for Clinical Nutrition Products is projected to reach US$53.9 billion by 2020, driven by specific nutritional needs of the elderly.

Clinical nutrition is critical for patients who are unable to consume normal food, as nutritional deficiency caused by the underlying disease condition enhances the risk of complications, lengthens recovery period, lowers quality of life, and increases risk of mortality. By providing the required amounts of essential nutrients such as proteins, vitamins and minerals to patients, clinical nutrition products aid in improving metabolism, digestion, absorption, and discharge functions that are critical for normal functioning of the body. These products are vital for patients in intensive care units, patients suffering from chronic illnesses, patients recuperating from trauma and surgeries, and for patients with a high degree of malnourishment. As the risk of complications is higher in malnourished patients, clinical nutrition intervention plays a key role in correcting nutritional imbalances. Malnutrition, if left untreated, could cause a marked decline in physical and psychological health and function, and also impair recovery from disease and injury, or surgery. The treatment of disease-related malnutrition with timely clinical nutrition therapies has been found to reduce mortality and other complications.

Aging population, increasing incidence of chronic and lifestyle-related diseases, and shift towards home care, are major factors driving demand in the market. Rising number of premature births is also spurring demand for medical products that can meet the nutritional needs of infants. The market is also benefiting from sustained investments made by manufacturers as well as government agencies to develop products with improved nutritional attributes. Technological innovations and automation have made it possible to administer clinical nutrition therapies at home without the aid of a trained professional. Also driving growth in the market is the development of lighter and simpler medical devices used for administering enteral and parenteral nutrition therapies, in both adults and children. However, stringent regulatory and reimbursement scenario, need for adequate clinical evidence in support of new ingredients or products, and the need to comply with safety and quality standards are hindering growth in the market.

As stated by the new market research report on Clinical Nutrition Products, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 11.8% over the analysis period. Rising life expectancies, growth in the number of disease specific therapies, heightened awareness about benefits of clinical nutrition, changing lifestyles, better access to healthcare facilities, and increasing shift towards home patient care, represent key growth drivers in the region.

Key players covered in the report include Abbott Nutrition, American HomePatient Inc., Baxter International Inc., B. Braun Melsungen AG, Claris Lifesciences Ltd., Groupe Danone, Nutricia North America, Fresenius Kabi AG, Hospira Inc., Mead Johnson Nutrition Company, Meiji Co. Ltd., Nestlé Health Science S.A, Otsuka Pharmaceutical Factory Inc., and Sino-Swed Pharmaceutical Corp Ltd., among others.

The research report titled “Clinical Nutrition Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts, issues, product launches and other strategic industry activities of major companies. Geographic regions and countries analyzed in the report include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India, and Rest of Asia-Pacific), Middle East/Africa and Latin America (Brazil, Mexico, and Rest of Latin America). Product segments analyzed include Enteral Nutrition, Infant Nutrition and Parenteral Nutrition.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more