Clinical Nutrition Market Set for Rapid Growth due to increasing Birth Rate along with Geriatric Population

The clinical nutrition market size is set to reach $56.5 billion by 2022, growing at a CAGR of 5.4% between 2016-2022. The factors driving the growth of the market are increasing geriatric population, high birth rate and high number of premature birth, surge in the number of victims of malnutrition receiving treatment, escalating incidence of lifestyle associated disease, and increasing incidence of cancer and central nervous system diseases.

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In the past, clinical nutrition was just focused around caloric admission. In the current scenario, the growing number of research and development activities is providing exceedingly specialized disease-specific products to treat obesity, diabetes, digestive wellbeing, injury, malnutrition, and dysphagia. The lack of awareness among consumers about nutritional products is expected to hamper the growth of the clinical nutrition market.

Asia-Pacific held the largest share in the global clinical nutrition market in 2015. The region is anticipated to witness rapid growth during the forecast period. The increasing birth rate, along with growing geriatric population and high number of people with malnutrition is driving the growth of the clinical nutrition industry in the region.

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Some of the major players operating in the clinical nutrition market include Baxter International Inc., Abbott Laboratories, B. Braun Melsungen AG, Nestlé S.A., Groupe Danone, Mead Johnson Nutrition Company, Fresenius Kabi AG, and Perrigo Company Plc.

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