United States Clinical Nutrition Market to Cross $18 Bn by 2026, Says Global Market Insights, Inc.
Some of the notable clinical nutrition market players in U.S. are Abbott Laboratories, B Braun Melsungen AG, Baxter International Inc., Danone, Fresenius Kabi and Nestle.
SELBYVILLE, Del., February 14, 2020 (Newswire.com) - Global Market Insights, Inc. has recently added a new report on the clinical nutrition market in the United States which estimates the market valuation for clinical nutrition in the region will cross US$ 18 billion by 2026.
The growth of unhealthy lifestyles has increased the incidence of metabolic disorders such as diabetes and hypercholesterolemia. Unhealthy habits such as aversion to physical activity and increasing consumption of junk food have led to an increase in obesity. A large number of these people suffer from digestive or appetite problems, requiring enteral or parenteral nutrition. These factors will drive the expansion of the U.S. clinical nutrition market over the forecast years.
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Some of the major U.S. clinical nutrition market growth drivers are:
1. Increasing metabolic disorders and other chronic diseases.
2. Junk food habits leading to malnourishment in the U.S.
3. Rising geriatric population
4. Increasing rate of pre-mature birth & birth rate in U.S.
5. Increasing adoption of home healthcare in U.S.
The increasing geriatric population in the country will be a major factor boosting the U.S. clinical nutrition market. According to the Population Reference Bureau (PRB), the number of people aged 65 and older in the U.S. is about 52 million in 2018 and will nearly double by 2060. The geriatric population shows an increased incidence of diseases that require clinical nutrition. Furthermore, the increasing burden of diseases and the growing number of people suffering from diabetes and cancer will positively drive market growth over the forecast period.
The parenteral nutrition segment held more than 12% market share in 2019. The rising incidence of gastrointestinal and chronic diseases along with the increasing geriatric population will drive segment expansion. Furthermore, favorable reimbursement policies and the growth of home healthcare will drive market growth over the analysis period.
Browse key industry insights spread across 80 pages with 30 market data tables & 12 figures & charts from the report, “U.S. Clinical Nutrition Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
The children segment held a lucrative market share and is poised to exhibit 7.6% CAGR over the forecast period. The high number of preterm births will drive market growth. Furthermore, working mothers turn to clinical nutrition in a bid to fulfill the child’s nutritional requirements. A rising number of working mothers will thus boost segment growth. Hence, the aforementioned factors will have a significant impact on U.S. clinical nutrition market growth.
Some major findings of the U.S. clinical nutrition market report include:
- Increasing geriatric population in the country will positively impact the U.S. clinical nutrition market.
- Growing number of metabolic disorders due to unhealthy dietary and lifestyle habits will propel the market expansion.
- Companies are focusing on strategic expansion through collaborations, partnerships, and expansions.
A few notable companies in the U.S. clinical nutrition market include Abbott Laboratories, B Braun Melsungen AG, Baxter International Inc., Danone, Fresenius Kabi and Nestle. These companies are focusing on expansion and new product launches to capture market share and consolidate their revenue generation. For instance, in January 2017, Nestle Health Science launched Compleat, a tube feeding formula for adults and pediatric consumers. This launch has helped the company in consolidating their customer base in the U.S. market.
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Partial chapters of report table of contents (TOC):
Chapter 3. U.S. Clinical Nutrition Industry Insights
3.1. Industry segmentation
3.2. Product landscape, 2015 – 2026
3.3. Industry ecosystem analysis
3.4. Distribution channel analysis
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.2. Industry pitfalls & challenges
126.96.36.199. Stringent government regulations in U.S.
3.6. Growth potential analysis
3.6.1. By product
3.6.2. By consumer
3.7. Regulatory landscape
3.8. Reimbursement scenario
3.9. Pipeline analysis
3.10. Patent landscape
3.11. Porter’s analysis
3.12. Competitive landscape, 2018
3.12.1. Company matrix analysis, 2018
3.12.2. Company market share analysis, 2018
3.13. PESTEL analysis
Browse complete report table of contents @ https://www.gminsights.com/toc/detail/us-clinical-nutrition-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
GMIPulse, our business analytics platform, offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision-makers.
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Source: Global Market Insights, Inc.