SEATTLE–(BUSINESS WIRE)–According to Coherent Market Insights, the U.S. Clinical Nutrition Market is estimated to be valued at US$ 4,148.9 million in 2020 and is expected to exhibit a CAGR of 5.8% during the forecast period (2020-2027).
Key Trends and Analysis of the U.S. Clinical Nutrition Market:
Key trends in the market include increasing prevalence of chronic diseases such as diabetes and chronic kidney disease, which results in increased risk of malnutrition. This factor is expected to drive growth of the U.S clinical nutrition market. Clinical nutrition plays a crucial role in reducing complications associated with certain chronic conditions such as type 2 diabetes and chronic kidney disease (CKD).
Moreover, growing number of cases for gastrointestinal diseases in the U.S. is expected to drive growth of the U.S. clinical nutrition market. For instance, according to the U.S National Library of Medicine report published 2018, in year 2018, around 30% of individuals suffered from heartburn and 20.6% of people suffered from bloating in the U.S.
Furthermore, rising number of government initiatives focusing on medical nutrition and diet are expected to boost the U.S. clinical nutrition market growth during the forecast period. For instance, in April 2020, U.S. Secretary of Agriculture announced that emergency benefit is increased to US$ 2 billion per month for Supplemental Nutrition Assistance Program (SNAP) households, across all 50 states and three territories in the U.S. to increase food security during the coronavirus national emergency.
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Key Market Takeaways:
The U.S. clinical nutrition market is expected to exhibit a CAGR of 5.8% during the forecast period, owing to increasing incidence of chronic diseases. For instance, according to a report, Chronic Kidney Disease 2019, published by the Centers for Disease Control and Prevention (CDC), in 2019, around 37 million adults in the U.S. (15% of the total adult population) suffered from chronic kidney disease (CKD).
Among application, cancer segment is expected to be the lucrative segment during the forecast period. The increasing prevalence of cancer in the U.S. is expected to drive demand for nutrition products for treatment of cancer and segment growth during the forecast period. For instance, according to the American Cancer Society estimation, in 2019, estimated 1,762,450 new cases of cancer were diagnosed in the U.S. and 606,880 people died.
On the basis of age group, infant nutrition segment is expected to dominate in 2020 due to increasing prevalence of undernutrition cases in children under 5 years of age, which is expected to drive the segment growth over the forecast period. For instance, according to Global Nutrition Report 2020, in the year 2019, around 8.0% of infants were observed having low weight at the time of birth in the U.S.
In term of form, liquid segment held major market share in 2019, owing to launch of novel liquid clinical nutrition products. For instance, in April 2019, Abbott Nutrition, a nutrition division of Abbott Laboratories, developed two new science-based nutrition drinks for patients undergoing surgery, which include Ensure Surgery Immunonutrition Shake and Ensure Pre-Surgery Clear Nutrition Drink. These two products are available in the U.S.
Key players operating in the U.S. Clinical Nutrition Market include Abbott Laboratories, Baxter International Inc., Fresenius Kabi AG, Nestlé S.A., DANONE S.A., B. Braun Melsungen AG, Mead Johnson & Company, LLC., Perrigo Company PLC.
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U.S. Clinical Nutrition Market, By Nutrition Type:
- Standard Nutrition
- Disease Specific Nutrition
- Amino Acids
- Vitamins and Minerals
- Enteral Nutrition
- U.S. Clinical Nutrition Market, By Form:
U.S. Clinical Nutrition Market, By Age Group:
- Infant Nutrition
- Adult Nutrition
- Geriatric Nutrition
U.S. Clinical Nutrition Market, By Application:
- Critical Care
- Neurological Disorder
- Metabolic Syndrome
- Gastrointestinal Diseases
- Other Applications
U.S. Clinical Nutrition Market, By End User:
- Ambulatory Surgical Centers
- Long Term Care Facilities
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.