Clinical Nutrition Industry - Regional Synopsis
APAC Market Statistics
North America industry is anticipated to hold largest revenue share of 33% by 2037, owing to increasing birth rates, and rising geriatric population in the region.
North America Market Analysis
Furthermore, the market in North America is evaluated to occupy the largest share in terms of revenue during the forecast period, owing to the growing healthcare investment, accompanied by the presence of leading healthcare service providers, and the increasing number of chronic disorders in the region. Along with this, the countries in North America, such as the United States, are promoting nutritional care for cancer patients, which is also expected to contribute to the market growth in the region. According to the report published by the National Cancer Institute, in 2020, 1.8 million new cancer cases were registered in the United States. Such increasing rate of cancer is further expected to drive the demand for clinical nutritional products in the North American countries.
Alternatively, the market in Europe is also anticipated to occupy a significant share in the global clinical nutrition market on account of its proven success in terms of technology development and a high prevalence of cancer in the region. As per the analysis of the European Society for Medical Oncology, 2.7 million new cancer cases were registered in the European Union, with 1.3 million deaths in 2020.
