How Will The Clinical Nutrition Market Grow In 2022?
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The clinical nutrition market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 7%, as per The Business Research Company’s market report!
Read More On The Clinical Nutrition Market Report 2022 – https://www.thebusinessresearchcompany.com/report/clinical-nutritions-global-market-report
The Clinical Nutrition Market Size In 2022 And Forecast
The global clinical nutrition market is expected to grow from $44.77 billion in 2021 to $48.67 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The clinical nutrition market is expected to reach $64.37 billion in 2026 at a CAGR of 7.2%.
The clinical nutrition market consists of sales of clinical nutrition interventions and related services by entities (organizations, sole traders and partnerships) that produce nutritional products.
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Rise In Geriatric Population Is Driving The Growth Of The Clinical Nutrition Market
According to World Population Prospects 2019 (United Nations, 2019), one in 11 people was over the age of 65 and this number is expected to increase to one in six people by 2050, globally. Clinical nutrition problems in the elderly are related not only to multiple drug use but also to the consumption of specialized diets for one or more chronic illnesses. Thus, the growing geriatric population is anticipated to drive the market growth.
Competitive Landscape And The Regional Analysis Of The Clinical Nutrition Market
Major players in the clinical nutrition market are Abbott Laboratories, Nestlé SA, Baxter Healthcare Ltd, B. Braun Melsungen AG, Perrigo Company Plc, Hospira, Fresenius Kabi, Danone, Pfizer, and Mead Johnson Nutrition Company.
The Clinical Nutrition Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the clinical nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the clinical nutrition market.
Strategic Initiatives – A Key Trend In The Clinical Nutrition Market
Major players operating in the industry are undergoing strategic initiatives such as increasing production capacity and expanding global presence.
Clinical Nutrition Market Segmentation By The Business Research Company
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, Others
4) By End-User: Pediatric, Adults, Geriatric
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