North America Clinical Nutrition market Other Key Strategies By Type & Geography
Posted by MDFtrends on October 16th, 2017
The North America Clinical Nutrition market was worth .64 billion in 2016 and estimated to be growing at a CAGR of 5.0%, to reach .75 billion by 2021. North America is the third largest market for clinical nutrition products.
Clinical nutrition is an area of medicine that offers treatment of medical disorders initiated due to improper diet or due to the body’s failure to absorb nutrients accessible in a normal diet. It is the most effective way to treat malnutrition and avoid associated costs. These products are considered to be the best alternatives for the treatment of different diseases, such as kidney diseases, diabetes, cardiovascular diseases and cancer.
Clinical nutrition spends are expected to increase due to rise in aged population. At old age digestive framework becomes weak and is unable to digest all the required minerals by the body. Therefore to get adequate supplements, the assurance of the aged population towards clinical nutrition support, is developing. The restraints allied with the clinical nutrition market include stringent regulations and lack of awareness.
The North America clinical nutrition market is segmented on the basis of product type into oral nutrition, enteral nutrition and parenteral nutrition. Based on therapeutic areas the market is bifurcated into malabsorption, diarrhoea, cancer, food allergies, maldigestion, diabetes, short-bowel syndrome, acute lung injury and acute respiratory distress. Based on ingredients the market is divided into vitamins, minerals, carbohydrates and amino acids. Enteral nutrition is the product type segment with highest share in the market.
Based on geography the market is analysed under various regions namely, USA and Canada. US dominate the market in the North America region. Growing consumer awareness about proper health and wellbeing is driving the market in this region.
Key points from TOC:
Market Outlook and Investment Opportunities
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Some of the key participants in clinical nutrition products market include Nestle Nutrition, Abbott Laboratories Inc., Gentiva Health Services Inc., Mead Johnson & Company, Kendall, Ajinomoto Co. Inc., Hospira Inc., Hero Nutritionals Inc., Lonza Ltd, Baxter International Inc., B. Braun Melsungen AG, H. J. Heinz Company, American Home Patient Inc., and Fresenius Kabi among others.
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