Overview of the Clinical Nutrition Market
The global clinical or medical nutrition market is estimated at $53.7 million for 2021, according to the latest report by market research firm Technavio.1 North America leads with about 34% market share, followed by Asia Pacific at 31% and Europe at nearly 28%. While the fastest growth is forecast for Asia Pacific at 8.9% (CAGR for 2019 to 2024), Europe and North America aren’t far behind at 7.6% and 6.7%, respectively.
The top three markets for clinical nutrition products are the US with 19% market share, the UK with 12%, and Germany with 9%. The presence of advanced healthcare facilities in these countries has helped make them leaders in the area of medical nutrition. The growth of the geriatric population in these countries, as well as in many other European countries and in Asia Pacific countries such as China and Japan, is also driving growth.