A new report on the global adult clinical oral nutrition market has revealed several trends and growth opportunities. The report, which was recently published by a leading market research firm, provides an in-depth analysis of the current state of the market and its future prospects.
According to the report, the global adult clinical oral nutrition market was valued at USD 5.2 billion in 2020 and is projected to reach USD 7.7 billion by 2025, growing at a CAGR of 8.2% during the forecast period. The market growth is mainly driven by the increasing incidence of chronic diseases such as cancer, diabetes, and gastrointestinal disorders, which require specialized nutrition therapy.
The report also highlights that the demand for clinical oral nutrition products is increasing among the aging population, as they are more susceptible to chronic diseases and require additional nutritional support. Additionally, the growing awareness among healthcare professionals about the benefits of clinical nutrition is also driving the market growth.
The report further reveals that the liquid form of clinical oral nutrition products is the most preferred type, accounting for more than 50% of the market share in 2020. The ease of administration and faster absorption of liquid nutrition products make them a popular choice among healthcare professionals and patients.
Geographically, North America is the largest market for adult clinical oral nutrition products, owing to the high prevalence of chronic diseases and the increasing adoption of clinical nutrition therapy in the region. However, the report predicts that the Asia-Pacific region will witness the highest growth rate during the forecast period, due to the increasing healthcare expenditure and the rising awareness about clinical nutrition products.
The key players operating in the global adult clinical oral nutrition 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.
Overall, the report provides valuable insights into the global adult clinical oral nutrition market, its current state, and future prospects. It is expected to be a useful resource for healthcare professionals, industry stakeholders, investors, and anyone interested in the clinical nutrition market.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.