The Clinical Nutrition Market was worth around USD 32,717.5 million in 2021 and is estimated to grow to about USD 45,887.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.8 percent over the forecast period.
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The increasing prevalence of metabolic disorders, increased healthcare spending, and the development of the middle class in emerging economies are all driving the clinical nutrition industry ahead. The expanding aged population, as well as the development of therapeutic nutrition products tailored to the aging population, are projected to drive market expansion.
According to the Market Research report, the Clinical Nutrition Market was worth about 32,717.5 (USD million) in 2021 and is predicted to grow to around 45,887.4 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 5.8 percent.
During the forecast period, APAC has been the clinical nutrition industry leader, with Japan emerging as the region's top performer. The Japanese market is leading due to a growing older population and an increase in chronic diseases such as cancer and diabetes mellitus as a result of dietary changes.
Some of the main competitors dominating the Clinical Nutrition Market include - Abbott Laboratories, B. Braun Melsugen AG, Danone Nutricia Baxter Internatioinal Inc., Fresenius SE & Co. KGaA, Perrigo Company Plc, Pfizer Inc., Lonza Ltd, Nestle S.A., and Hero Nutritionals Inc.
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