The Canada Clinical Nutrition Market comprises nutrition products such as parenteral nutrition, enteral nutrition and baby food. Parenteral nutrition are injectable liquid preparations supplying essential nutrients like amino acids, vitamins, minerals and glucose directly into the bloodstream bypassing the gastrointestinal tract. Enteral nutrition are feeding tubes providing nutritional support to individuals who are unable to consume adequate nutrition orally. Baby food are foodstuffs manufactured for the consumption by the babies and infants.
The Canada clinical nutrition market is estimated to be valued at US$ 751.73 Bn in 2024 and is expected to exhibit a CAGR of 54% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Canada clinical nutrition are Audi AG, Ballard Power Systems Inc., BMW Group, Daimler AG, General Motors Company, Honda Motor Co., Ltd., and Hyundai Motor Group. Rapid growth of geriatric population susceptible to chronic diseases such as cancer and gastrointestinal disorders is driving the demand for clinical nutrition products in Canada. Technological advancements such as development of new delivery methods like prefilled feeding bags and syringes and formulation of peptides are supporting the growth of clinical nutrition market.
Market trends
Increasing focus on home healthcare is one of the key trends being witnessed in the Canada clinical nutrition market. With rising healthcare costs, home healthcare helps in cost savings and provides comfort to patients. Many players are focusing on developing easy-to-use enteral feeding delivery products suitable for home healthcare. Another trend is the rising demand for organic and clean label clinical nutrition products. Consumers are increasingly looking for products free from pesticides, artificial preservatives and colors.
Market Opportunities
Growing malnutrition among cancer patients presents an opportunity for enteral nutrition products. According to Canadian Cancer Society, about half of all cancer patients suffer from malnutrition due to the disease or its treatment. Educating healthcare professionals and patients about the benefits of clinical nutrition can augment the demand. Secondly, rise of e-commerce is allowing players to directly sell their products to customers, saving distribution costs. This will help them introduce affordable products and expand their consumer base.
Canada Clinical Nutrition Market Impact of COVID-19
The COVID-19 pandemic has significantly impacted the Canada Clinical Nutrition Market Growth During the initial phases of the pandemic, there was a huge decline in market growth due to lockdown measures imposed across the country. The mobility restrictions disrupted supply chains which led to challenges in the availability of clinical nutrition products. Various hospital infrastructure was also converted to treat rising COVID-19 cases, which reduced non-COVID patient volumes and associated demand for clinical nutrition.
However, as the pandemic progressed, the demand started picking up steadily. Many people started focusing more on immunity and opted for nutrition supplements to boost their overall health during the crisis. The awareness regarding disease management through proper diet also increased among Canadians. The government agencies and healthcare providers emphasized on clinical nutrition for quicker recovery of COVID patients. Various market players launched new products formulations tailored for post-COVID recovery. They also strengthened their omnichannel distribution strategies to ensure seamless product access.
Going forward, the market is expected to grow at a good pace. The increased acceptance of nutrition-based healthcare approach will accelerate the overall adoption. Remote patient monitoring and teleconsultation solutions can help address the challenge of limited hospital visits effectively. Partnerships between industry and healthcare organizations will play a major role in supporting Canadians through innovative nutrition solutions. Continuous investment in product innovation catering to evolving needs will be another growth driver.
Canada Clinical Nutrition Market Geographical Analysis
In terms of value, Ontario province holds the major share in the Canada clinical nutrition market currently. It has the highest population concentration in the country coupled with well-developed healthcare infrastructure. The province is proactively working towards integrating clinical nutrition services into mainstream care delivery framework. This has consistently boosted the product demand over the past few years.
The Western Canada region, comprising provinces like British Columbia and Alberta, is projected to witness the fastest growth during the forecast period. Growing elder population, rising lifestyle diseases, expanding medical coverage are driving increased focus on preventive healthcare approach here. The provincial governments are undertaking various awareness programs to promote clinical nutrition, especially in remote communities. Favorable regulatory environment encouraging local product manufacturing will further support the market expansion in Western Canada.
Canada Clinical Nutrition Market Fastest Growing Region
The Western Canada region has emerged as the fastest growing region for the clinical nutrition market in Canada. The provinces of British Columbia and Alberta have shown highest growth rates compared to other parts of the country.
There are several factors contributing to the rapid growth of clinical nutrition market in Western Canada. The percentage of elderly population is consistently rising in this region. Older adults are more prone to chronic health issues requiring specialized diet and supplements. Growing lifestyle diseases like diabetes and obesity has also increased the demand.
Both British Columbia and Alberta are focused on revamping their healthcare infrastructures. They are allocating larger budgets for preventive care and shifting from illness-centered to wellness-based approach. This includes promoting the role of clinical nutrition through various provincial programs.
The regulatory authorities in Western Canada are undertaking initiatives to encourage local manufacturing and R&D activities for clinical nutrition products. This is attracting key market players to set up production facilities and launch new offerings catering local needs. Overall socio-economic growth has enhanced affordability for premium nutrition resources in the region. All these factors have made Western Canada the fastest expanding clinical nutrition market within Canada.
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Rise in Number of Health-conscious Consumers to Aid Market GrowthEvolving consumer trends, in terms of diet and consumption of various nutritional products, are one of the major factors expected to have a strong influence on the overall growth of the global clinical nutrition products market in the upcoming years.
A number of established food brands and manufacturers, along with several small- to medium-scale startups, has entered the global clinical nutrition products market in recent years.
Due to this, a wide array of clinical nutrition products are available at various price brackets.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1357While consumer awareness continue to move in the upward trajectory, market players are projected to comply with the stringent regulatory framework and focus on the product development strategies to attain the approval from the concerned authoritative body.
Several players operating in the current clinical nutrition products market are leaning toward expanding product portfolio and manufacturing capabilities to cater to the swelling demand for clinical nutrition products, particularly in the developed region.
The significant rise in the number of health-conscious consumers worldwide is another factor projected to augment the demand for clinical nutrition products during the assessment period.Request COVID Analysis on Clinical Nutrition Research Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1357Popularity of Probiotics and Functional Food Products to Boost DemandThe noteworthy rise in the number of health-conscious consumers coupled with the soaring demand for functional food & beverages is anticipated to have a strong impact on the overall growth of the global clinical nutrition products market in the upcoming decade.
Moreover, rise in geriatric and ageing population in nations, such as Japan, is another factor that is expected to accelerate the demand for clinical nutrition products in the foreseeable future.A number of consumers from various age-categories is open to trying new products to improve quality of living due to which, market players should focus on curating effective and engaging marketing strategies.
