Clinical Nutrition Market Regional Insights
North America has firmly established itself as the dominant player in the global clinical nutrition market. With the presence of majority of key players and considerable focus of these players on R&D activities, North America accounts for the largest share of 46.7%. The region is home to many global leaders in clinical nutrition products who have been catering to the demand of clinical nutrition over the years through constant innovations. Furthermore, healthcare infrastructure and awareness among population have supported the market growth. With the mature pharmaceutical industry and established supply chain, companies are able to effectively meet the demand across borders and as per custom requirements of different regions. The increasing number of chronic diseases in the U.S. is a major factor fueling the growth of this market. For instance, according to Worldbank, 6.9% of the total population had diabetes in the U.S. in 2021.
Europe is also a significant market for clinical nutrition owing to the launch of various projects in the region dedicated to innovation in food, feed, nutrition, and health. Furthermore, the aging population in countries like Germany, Italy, and Spain has led to greater acceptance of enteral nutrition for elderly care within institutional as well as home settings. For instance, AURORA is a European Union (EU) project launched in February 2022 that aims to boost the digital and green transformation of the European agri-food industries, towards safe, healthy, resilient, and environment-friendly food systems. The project is supported by the following European clusters: Agri Sud-Ouest Innovation (FR), Valorial (FR), Food Valley (NL), Unimos Alliance (PL), and onGranada (SP). An event organized by the project, NutrEvent is dedicated to innovation in food, feed, nutrition, and health.
The Asia Pacific region is emerging as the fastest growing market for clinical nutrition. Several factors are contributing to the stellar rise of the region including rapidly developing economies, growing medical tourism, and increasing healthcare expenditure. Countries like China and India offer massive production capabilities and a huge domestic market due to their large population base. This makes the region an attractive manufacturing hub for companies. Furthermore, changing lifestyles and rising burden of chronic diseases are propelling the demand for need of clinical nutrition. The generics market is also booming in Asia Pacific with many local players entering the sector offering similar solutions at competitive prices. This has made clinical nutrition accessible to many. Governments are also ramping up investments in public healthcare systems which is positively impacting the market growth. With growing medical needs and rising disposable incomes, the clinical nutrition market in Asia Pacific is poised to dominate over the forecast period.
Figure 1. Global Clinical Nutrition Market Share (%), By Region, 2023
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