Humans require carbs, proteins, water, lipids, vitamins, and minerals for normal cellular functioning and physiological processes, as well as to maintain energy balance in the body. Clinical nutrition is suggested for patients of all ages, including newborns, adults, and the elderly, who are predisposed to illnesses such as metabolic syndrome, nutrition for patients having surgery, or nutrition for patients following surgery, among others. These reasons have increased the demand for therapeutic nutrition products. According to the American Diabetes Association report 2019, 34.2 million Americans, or 10.5 percent of the population, had diabetes in 2018. Approximately 1.6 million Americans have type 1 diabetes, including approximately 187,000 children and adolescents, according to the same source. Clinical nutrition is divided into two types: enteral nutrition and parental nutrition, and it is essential for managing chronic illnesses such as diabetes, obesity, constipation, malabsorption, indigestion, and others. It also aids in the maintenance of a healthy lifestyle, increases appetite and food intake, and reduces the danger of vitamin deficiencies and other health problems.
The clinical nutrition market in the United States is predicted to be worth $4,148.9 million in 2020, with a 5.8 percent CAGR over the forecast period (2020-2027).
The rising cancer prevalence in the United States is likely to fuel the market growth during the forecast period. Breast cancer, for example, is one of the most prevalent types of cancer in the United States, according to the American Cancer Society report September 2020, with 279,100 new cases projected in the United States in 2020.
Several government and non-government activities are carried out in the United States to raise public awareness about the Clinical Nutrition Market in the United States, which is projected to fuel the market growth during the forecast period.
For example, the National Association of Nutrition and Aging Services Programs (NANASP) announced in October 2015 an increase in the 2-year budget agreement beginning in October 2015 and concluding in September 2017. Furthermore, Mr. Barack Obama, the then-President of the United States, granted US$ 83.7 billion for the Supplemental Nutrition Assistance Program (SNAP) under the Older Americans Act (OAA) of 2017.
As a result, rising awareness regarding clinical nutrition is likely to boost market growth throughout the forecast period.