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.
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.
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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.
