Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Clinical nutrition is the group of medical food products to be utilized under the healthcare professional supervision for the nutrition management of a medical condition or disorder. Clinical nutrition aids in providing a distinct nutrition requirement and offer adequate amount of the required nutrient to the specific patient group. The market has been exhibiting considerable growth figures led by range of demographic trends, including ageing populations, growth in products for premature babies, rapid elevating demand, growth in products treating malnutrition and escalating incidence of lifestyle associated disease
The global economic growth was weak but stabilizing until the coronavirus Covid-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures across the world have cut manufacturing and domestic demand sharply. The impact on all over the world through business travel and tourism, supply chains, commodities and lower confidence is growing. Companies, whether buyers or suppliers, are facing tremendous challenges in keeping the goods and services flow at a time of global lockdowns. Several health food have seen increase in demand including enteral nutrition amid the virus outbreak. According to recent ESPEN guidelines, enteral nutrition is preferred for patients in the ICU who receive mechanical ventilation. Nutrition is part of the treatment regimen for chronic diseases and applies particularly to ailments for which an etiologic treatment has not yet been discovered and validated. The exclusive COVID-19 Impact Analysis report by Axiom MRC explores the outbreak of COVID-19, its impact on the global and regional economies, and its implications on the clinical nutrition market. The report studies the effect of the pandemic on the global economy by evaluating factors like consumption, GDP, business investment, key players marketing strategies, key supply and demand-side factors, epidemiological swing factors, inventory, and governmental policies & decisions.
The global clinical nutrition industry is analysed based on Route of Administration, End User, Application and Geography. Clinical nutrition is administrated via different modes including oral and Enteral & parenteral, depending on the condition of the disorder and requirement. Based on end user, the market is classified into paediatric & adult. The clinical nutrition market finds application in gerontology, oncology, critical care, neurology, diabetes and other disorders. Malnutrition, metabolic disorders, gastrointestinal diseases, neurological diseases, diabetes and other disease. The global clinical nutrition market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World.
The key competitors of this market include Abbott Nutrition, B. Braun Melsungen, Baxter International, Claris Lifesciences, Claris Otsuka Private, Fresenius Kabi, Groupe Danone, Huarui Pharmaceutical, ICU Medical, Mead Johnson Nutrition, Meiji, Nestlé Health Science, Nutricia North America and Otsuka Pharmaceutical among other. Several manufacturers in the marketplace are offering variety of types and flavors for clinical nutrition, which will boost the growth of the clinical nutrition market in the coming years. Major companies in the medical nutrition market are following different strategies such as innovation, acquisition, market collaboration, research and developments, in order to maintain a stable growth rate and increase profitability in the forecoming years.
The repercussion of the COVID-19 necessitates a speculative future for economies and industries. Amongst continuous and constant developments, Axiom team of experts will bring to you timely updates about the Global Economic Impact of COVID-19.
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