Clinical nutritional supplements are on an upward growth curve and as per a Transparency Market Research, the market for the same will chart a steady 61% CAGR (Compound Annual Growth Rate) between 2018 and 2026. This growth will lead to an improved worth for the global oral clinical nutrition supplements market.
One of the
most significant factors that is leading to growth in the market is the
population, ageing at a dizzying pace. For instance, it is noted by experts
that the demographics shifted dramatically in 2018, seeing a higher number of
people aged 65 and those aged five and below. And, as per a study one in every
six people in the world are set to occupy the former age group in the next 3
decades.
As far as
statistics regarding those aged 60 and above are concerned, the number will see
a steep rise from 900 million in 2015 to 2 billion in 2050.
One pf the
other significant factors driving growth in the global oral clinical
supplements market is a poor lifestyle with increased alcohol intake, poor
diets and so on. Additionally, rise of nuclear families is leading to nutrition
deficient meals. And, this is further compounded by rise of dual income
families. As a result, when both people who are adults in a family work hectic
schedules for longer durations, neither wants to take pains to prepare proper
meals with fresh ingredients.
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Asia
Pacific to Show Significant Growth over the Forecast Period:
Owing to a
wide geriatric population, and high levels of malnutrition, the Asia Pacific
region will chart a notable CAGR over the forecast period. Growth is also
attributable to increase in awareness levels among people, who are experiencing
improved standard of living, owing to economies doing well, generating higher
levels of disposable income, that support the regional growth. The region is
witnessing much demand for oral clinical nutrition supplements. Thus, this
region will come up with new opportunities for players to tap into.
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The other
region that will show strong statistics over the forecast period is the North
American region, owing to good levels of awareness, proper healthcare
infrastructure with a robust reimbursement policy. Besides, levels of
disposable incomes are high, supporting growth in the global oral clinical
nutrition supplements market.
The report
by TMR includes a comprehensive profiling of the major pplayers in the global
oral clinical nutrition supplements market. Some of these include Danone Nutricia,
NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., Medifood International,
Medtrition Inc., GlaxoSmithKline plc, Perrigo Nutritionals, Victus Inc., B
Braun, Fresenius Kabi Ltd, Nestle Health Science, Nature's Bounty, Pharmavite,
Pfizer Inc., Bayer AG, Church & Dwight, and others. It is also pertinent to
note here that the market landscape is slightly fragmented.
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