A recent market research report on adult clinical oral nutrition provides key insights and market outlook for this rapidly growing market. The report analyzes the current state of the market, key trends and drivers, and future growth opportunities.
The report notes that the global market for adult clinical oral nutrition was valued at approximately USD 3.7 billion in 2020 and is expected to reach USD 6.4 billion by 2028, growing at a CAGR of 6.7% during the forecast period. This growth is attributed to factors such as the increasing prevalence of chronic diseases, rising awareness about the benefits of clinical nutrition therapy, and the availability of innovative products.
The report highlights that chronic diseases such as cancer, diabetes, and gastrointestinal disorders are on the rise, and these conditions often require specialized nutrition therapy to manage symptoms and improve quality of life. Clinical oral nutrition products provide a convenient and effective way to deliver the necessary nutrients and support to patients.
The aging population is also driving demand for adult clinical oral nutrition products. As people age, they require additional nutritional support and are more susceptible to chronic diseases. Healthcare professionals are increasingly recommending clinical oral nutrition products to their patients to help manage these conditions.
The report also notes that liquid clinical oral nutrition products are the most popular type of product, accounting for the majority of the market share. These products are easy to administer and quickly absorbed by the body, making them a popular choice among healthcare professionals and patients.
Geographically, North America is the largest market for adult 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 market 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 market for adult clinical oral nutrition is poised for significant growth in the coming years, driven by factors such as the increasing prevalence of chronic diseases, the aging population, and 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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