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What is the Anticipated CAGR of the Clinical Nutrition Market Over the 2024-2033 Forecast Period?

In recent times, there has been a significant expansion in the clinical nutrition market size. It’s estimated to increase from $56.07 billion in 2023 to $60.08 billion in 2024, with a compound annual growth rate (CAGR) of 7.1%. The growth during the historical period can be ascribed to the aging population, escalating occurrence of chronic disease, rising understanding of the significance of nutrition and government backing for nutrition initiatives.

The value of the clinical nutrition market is anticipated to rise considerably in the coming years, escalating to $84.68 billion in 2028 with a compound annual growth rate (CAGR) of 9.0%. This increase during the projected period can be explained by aspects like personalized nutrition, increased application of nutrigenomics, management of population health, and extended global healthcare services. The major market trends expected for this period encompass digital health and telehealth initiatives, functional foods and nutraceuticals, the use of probiotics and prebiotics, plant-based and sustainable nutrition methods, as well as nutrition related to mental health.

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What Are the Driving Forces Behind the Growth of the clinical nutrition Market?

The clinical nutrition market’s expansion is predicted to correlate directly with the increasing ageing population. A variety of considerations, such as specific medical conditions, related organ system dysfunctions, activity levels, individual energy intake and caloric needs, the ability to procure, prepare, intake, and digest food, and dietary inclinations, all contribute to the nutritional requirements of the elderly. According to a report released by the World Health Organization (WHO), a Swiss agency committed to worldwide health issues, in October 2022, it is expected that one in every six people in the world will be over 60 by 2030. By 2050, 2.1 billion global citizens will be over 60 years old, with those aged over 80 increasing by 426 million from 2020 to 2050. Elderly people’s dietary concerns are not only linked with the usage of multiple medications but also with the adherence to specific diets for chronic diseases. Therefore, the increasing number of older individuals is projected to propel the growth of the clinical nutrition industry.

What Are the Core Segments of the Clinical Nutrition Market?

1) By Product: Infant Nutrition, Parental Nutrition, Enteral Nutrition

2) By Route Of Administration: Oral, Enteral, Parenteral

3) By Application: Cancer, Neurological Diseases, Gastrointestinal Disorders, Metabolic Disorders, Other Applications

4) By End User: Pediatric, Adults, Geriatric

What Are the Key Innovations Reshaping the Clinical Nutrition Market?

Significant businesses in the clinical nutrition sector are embracing a strategic alliance model to offer holistic solutions and broaden their market presence. Such strategic alliances are based on the principle of firms utilizing each other’s robust aspects and resources for reciprocal advantages and success. To illustrate, Hologram Sciences Inc., a rapidly progressing company focusing on consumers, based in the United States, entered into a partnership with Maeil Dairies Co. Ltd., a nutritional company from South Korea known for its diverse health and nutrition product line. The objective of this alliance is to underscore the increasing relevance of personalized nutrition in the global health and wellness market, delivering customized nutrition solutions to the South Korean market.

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What Regions Are Influencing the Dynamics of the Clinical Nutrition Market?

North America was the largest region in the clinical nutrition market in 2023. The regions covered in the clinical nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Clinical Nutrition Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the clinical nutrition market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Clinical Nutrition Market Include

1. Clinical Nutrition Market Executive Summary

2. Clinical Nutrition Market Segments

3. Clinical Nutrition Market Size And Template Market Growth Rate

4. Key Clinical Nutrition Market Trends

5. Major Clinical Nutrition Market Drivers

……

25. Key Mergers And Acquisitions In The Clinical Nutrition Market

26. Top Clinical Nutrition Companies

27. Clinical Nutrition Market Opportunities And Strategies

28. Clinical Nutrition Market, Conclusions And Recommendations

29. Appendix

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