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(Medical-NewsWire.com, August 17, 2018 ) Clinical Nutrition Market to exceed USD 80 billion by 2024 as per a new research report. Rising elderly population, increasing prevalence of metabolic disorders and chronic diseases should fuel industry growth over the forecast timeframe. Mounting birth rate and premature birth rate coupled with growing malnutrition across the globe will further stimulate business growth.
Metabolic disorders associated with inability to absorb nutrients from food and loss of appetite among geriatric population urging to nutrients supply required through enteral or parenteral route will propel clinical nutrition market growth. Clinical nutrition market growth may be hindered by lack of awareness in developing countries, high product cost, stringent government regulations in U.S., Europe, and Asia Pacific.
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Infant nutrition market should grow at lucrative rate due to high birth rate and pre-term births along with increasing healthcare awareness. Rising number of children suffering from starvation in emerging countries and adoption of sedentary lifestyle, high proportion of junk food in developed economies leading to dearth of proper nutrition will boost the business share. Enteral nutrition segment will witness significant growth during the forecast period due to technological advancement in tubing feeds, access devices and pumps used. Significant increase in home enteral feeding owing to cost effectiveness and growing awareness about home healthcare will further drive the industry share.
U.S. clinical nutrition market should grow at a significant growth rate over the forecast period. Rising consumption of products as a prevention medium for reducing undernourishment will have a significant impact on industry. Increase in number of diabetes cases coupled with technological advancement in diagnosis helping in identifying and targeting a larger consumer base for numerous products will fuel the industry growth.
UK accounted for largest regional revenue share due to increasing geriatric population and growing awareness towards association among nutrition and health. Empirical changes in food consumption, increasing incidence of disease, steady infant birth rate and improving market conditions will propel the business growth.
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China clinical nutrition market will witness robust growth over forecast period due to increasing middle-class population coupled with rising disposable incomes enabling consumers to purchase more products. Moreover, rising environmental pollution, increase in the population’s purchase power, broader targeted consumers and rising consumer health-consciousness should enable industry over the coming years.
Increased need for trained professionals coupled with improvement in healthcare infrastructure will drive Brazil clinical nutrition market. Furthermore, growing initiatives by government, increasing trends in home healthcare, and significant increase of obesity and overweight will fuel the business share.
Companies operating in business include Abbott Laboratories, B. Braun Melsungen, Baxter International, Danone, Fresenius Kabi, Hospira, Nestle, Mead Johnson and Perrigo. Industry participants are consolidating their market position by increasing their focus on distribution channel, novel product development and strategic alliances.
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com
Source: EmailWire.com
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