The clinical oral nutrition market for adults is set to experience rapid expansion, according to a recent market research report. The report provides an overview of the current state of the market, key trends and drivers, and future growth opportunities.
The report notes that the global clinical oral nutrition market for adults was valued at approximately USD 3.6 billion in 2019 and is expected to reach USD 5.9 billion by 2027, growing at a CAGR of 6.5% during the forecast period. This growth is attributed to various factors, such as the increasing prevalence of chronic diseases, rising awareness about the benefits of clinical nutrition therapy, and the availability of innovative products.
Chronic diseases, such as cancer, diabetes, and gastrointestinal disorders, have been on the rise in recent years. These conditions often require specialized nutrition therapy to help patients manage their symptoms and improve their quality of life. Clinical oral nutrition products provide a convenient and effective way to deliver the necessary nutrients and support to patients.
The report also highlights the increasing adoption of clinical nutrition therapy among healthcare professionals. The benefits of clinical nutrition therapy are becoming more widely recognized, and healthcare providers are increasingly recommending these products to their patients. This is driving demand for clinical oral nutrition products, particularly among the aging population.
The report notes that liquid nutrition products are the most preferred type of clinical oral nutrition products, accounting for the majority of the market share. Liquid products are easy to administer, and they are quickly absorbed by the body, making them a popular choice among healthcare professionals and patients.
Geographically, North America is the largest market for clinical oral nutrition products, followed by Europe and the Asia-Pacific region. The report predicts that the Asia-Pacific region will experience the highest growth rate during the forecast period, driven by the increasing healthcare expenditure and rising awareness about clinical nutrition products.
Key players in the clinical oral nutrition market for adults include Abbott Laboratories, Nestle Health Science, Danone S.A., Baxter International Inc., and Fresenius Kabi AG, among others. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence and increase their revenue.
In conclusion, the clinical oral nutrition market for adults is poised for rapid expansion in the coming years, driven by factors such as the increasing prevalence of chronic diseases and the rising awareness about the benefits of clinical nutrition therapy. This presents significant growth opportunities for industry stakeholders, healthcare professionals, and investors.
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