The global adult clinical oral nutrition market has been growing at a significant pace in recent years, driven by the increasing prevalence of chronic diseases and the growing aging population worldwide. Adult clinical oral nutrition products are specially formulated to provide balanced and complete nutrition to patients who are unable to meet their dietary requirements through regular food intake. These products are typically recommended for patients with chronic diseases such as cancer, diabetes, gastrointestinal disorders, and others.
Market Overview
The global adult clinical oral nutrition market was valued at USD 14.2 billion in 2020 and is expected to reach USD 22.7 billion by 2028, growing at a CAGR of 6.1% during the forecast period. The market is segmented based on product type, application, distribution channel, and region.
Product Type
Based on product type, the market is segmented into standard formula and disease-specific formula. The standard formula segment held the largest share of the market in 2020, accounting for over 60% of the total market revenue. This can be attributed to the widespread use of standard formulas in hospitals and other healthcare settings. However, the disease-specific formula segment is expected to grow at a faster pace during the forecast period, driven by the increasing demand for tailored nutrition solutions for specific disease conditions.
Application
Based on application, the market is segmented into cancer, neurology, gastroenterology, metabolic disorders, and others. The cancer segment held the largest share of the market in 2020, accounting for over 35% of the total market revenue. This can be attributed to the high prevalence of cancer worldwide and the growing adoption of clinical nutrition solutions as an adjunct therapy for cancer treatment. However, the neurology segment is expected to grow at a faster pace during the forecast period, driven by the increasing incidence of neurological disorders and the growing need for specialized nutrition solutions for these patients.
Distribution Channel
Based on the distribution channel, the market is segmented into hospitals, specialty clinics, retail pharmacies, and e-commerce. The hospital segment held the largest share of the market in 2020, accounting for over 50% of the total market revenue. This can be attributed to the widespread use of clinical nutrition solutions in hospital settings, particularly in critical care units. However, the e-commerce segment is expected to grow at a faster pace during the forecast period, driven by the increasing adoption of online channels for purchasing clinical nutrition products.
Regional Analysis
Geographically, the global adult clinical oral nutrition market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the largest share of the market in 2020, accounting for over 35% of the total market revenue. This can be attributed to the high prevalence of chronic diseases in the region, the growing aging population, and the presence of a well-established healthcare infrastructure. However, the Asia Pacific region is expected to grow at a faster pace during the forecast period, driven by the increasing healthcare expenditure, the growing awareness of clinical nutrition solutions, and the rising incidence of chronic diseases in the region.
Key Players
The global adult clinical oral nutrition market is highly fragmented, with several players operating in the market. Some of the key players operating in the market include Abbott Laboratories, Nestle Health Science, Danone, B. Braun Melsungen AG, Mead Johnson Nutrition Company, Perrigo Company plc, Fresenius Kabi AG, and Baxter International Inc.
Conclusion
In conclusion, the global adult clinical oral nutrition market is expected to witness significant growth during the forecast period, driven by the increasing prevalence of chronic diseases, the growing aging population, and the rising demand for tailored nutrition solutions for specific disease conditions. The market is highly competitive, with several players operating in the market, and is characterized by the presence of both global and regional players
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