People with difficulties in the intake of nutritional products, intestinal absorption, and metabolism of constituents of the diet are provided with clinical nutrition as a substitute to fulfill the adequate need in the body. Clinical nutrition plays a major role in the elderly population as they are at higher risk of malnutrition. Moreover, there is a surge in the number of people suffering from chronic diseases, such as diabetes and cancer across the world. As per the World Health Organization estimation, it has been projected that, by 2020, nearly three-quarters of all deaths worldwide will be due to chronic diseases. The rising occurrence of such chronic diseases has animated the development of clinical nutrition, as patients with such disease are low on the essential nutrients.
Furthermore, as per a study, nearly 40% of cancer patients were also found to be at risk of malnutrition. Even individuals infected with the COVID-19 virus require clinical nutrition. This depicts the potential of the market during the crisis as well as the surge during the forecast period.
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Some of the prime players of the clinical nutrition market are:
Abbott Laboratories is an American multinational medical device and healthcare company headquartered in Lake Bluff, Illinois, US. The company offers products that include nutritional support, such as Glucerna and Ensure, for medical patients.
Danone is a French multinational food product corporation based in Barcelona, Spain. The company sells products in more than 120 countries. The company offers specialized nutrition products under the Nutricia brand.
Nestle Health Science
Nestle Health Science is a globally recognized leader in nutritional science. The company acquired Vitaflo, that develops and markets clinical nutritional resolutions for children, infants, and adults with genetic ailments that affect the food absorption capability of the body.
Baxter International Inc.
Baxter International is an American Healthcare corporation headquartered in Illinois. The company is indulged in parenteral nutrition products. The company is focused on products used in the treatment of kidney diseases, immune disorders, hemophilia, and other acute and chronic medical conditions.
The clinical nutrition market is exceptionally competitive, with various vendors in the market. The expanding interest for clinically demonstrated formulas and scientific research is the major differentiating factor that is fueling the market growth.