U.S. CLINICAL NUTRITION MARKET ANALYSIS

U.S. Clinical Nutrition Market, By Type (Enteral Nutrition (Standard Nutrition and Disease Specific Nutrition) and Parenteral Nutrition (Amino Acids, Carbohydrates, Vitamins and Minerals and Others (Fibers, etc.)), By Form (Powder, Liquid and Others (Solid,etc.)), By Age Group (Infant Nutrition, Adult Nutrition and Geriatric Nutrition), By Application (Diabetes, Gastrointestinal Diseases, Cancer, Neurological Disorder, Metabolic Syndrome and Other (Critical Care, etc.)), By End User (Hospitals, Home Care Setting, Long Term Care Facilities, Ambulatory Surgical Centers and Others (Research Institutes, etc.))

Published In : Sep 2023
Code : CMI4412
Pages :154
Formats :
Excel and PDF
Industry : Pharmaceutical

U.S. Clinical Nutrition MarketSize and Trends

U.S. clinical nutrition market is estimated to be valued at US$ 4.93 Bn in 2023 and is expected to exhibit a CAGR of 6.3% during the forecast period (2023-2030).

Figure 1. U.S. Clinical Nutrition Market Share (%), By Type, 2023

U.S. Clinical Nutrition Market– Drivers

Rising number of business development strategies by market players: Key players operating in the U.S. clinical nutrition market are adopting several business development strategies such as product launch to expand their product offerings, and this is expected to fuel the market growth over the forecast period. For instance, in June 2020, Otsuka Pharmaceutical Factory Inc., a pharmaceutical company, announced the launch of its new ENORAS Liquid for enteral use in coffee flavor and strawberry flavor. It is indicated for nutritional support in postoperative patients.
Increasing prevalence of cancer: Increasing changes in lifestyles is considered a major cause of cancer. Thus, increasing prevalence of cancer globally is expected to boost growth of the U.S clinical nutrition market over the forecast period, as arrays are used in diagnostics for various indications such as cancer and others. For instance, in 2021, according to the data published by the American Cancer Society in 2021, cancer facts and figures in the U.S. reported the estimated number of cancer cases in the U.S. in 2021, which is provided below

ESTIMATED NEW CANCER CASES IN THE U.S. IN 2021

Figure 2. U.S. Clinical Nutrition Market Share (%), By Application, 2023