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Elderly Nutrition Market Analysis | CMI

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Elderly Nutrition Market Analysis | CMI

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. ELDERLY NUTRITION MARKET ANALYSIS • Elderly Nutrition Market - Global Forecast to 2026, by Nutrition Type (Minerals, Multi-Vitamins, Iron, Proteins, Fibers, Lipids, Antioxidants, and Others), by Application (Diabetes, Renal Failures, Obesity, Sarcopenia, Cancer, and Others), by Route of Administration (Oral, Parenteral, and Enteral,), by Distribution Channel (Hospitals & Clinics, Retail Pharmacies, Convenience Store, Online, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share and Growth Analysis 2018-2026 • The global elderly nutrition market size was valued at US$ 17,453.5 million in 2017, and is expected to exhibit a CAGR of 6.6 % over the forecast period (2018 – 2026).

  3. Figure 1. Global Elderly Nutrition Market Value (US$ Mn), by Region, 2017

  4. Market Drivers • Increasing incidences of nervous disorders and chronic diseases in geriatric patients is expected to propel growth of the Elderly Nutrition Market • Elderly nutrition is recommended for geriatric patients who are highly susceptible to various conditions such as diabetes, obesity, renal failures, chronic diseases, and other. Moreover, high prevalence of age related disorders such as organ failures, nervous disorders and cardiovascular diseases in geriatric patients is expected to drive the market growth. For instance, the Alzheimer Association Report 2017, estimated around 13.8 million people to be diagnosed with Alzheimer’s dementia in the U.S., which is mostly observed in geriatric patients above 65 years. Moreover, in 2014, around 93,541 deaths registered from Alzheimer’s disease and reported the disease as fifth leading cause of death among Americans above 65 years. • Furthermore, rising geriatric population and shortage of nutritional intake through food is another factor for boosting growth of the elderly nutrition market over the forecast period. According to World Population Prospects in 2017, the global geriatric population was around 962 million, which is expected to reach around 2.1 billion by 2050.

  5. The routes of administration such as oral, parenteral, and enteral are very important in consideration with administration of nutrition in the elder patients. However, parenteral route of administration has to be performed under medical supervision, to avoid side effects and complications, which burdens cost on geriatric patients. The incorrect use of this therapy from parenteral route can cause liver dysfunction, refeeding syndrome, and other side effects.

  6. Figure 2. Global Elderly Nutrition Market Share (%), by Route of Administration, 2018 and 2026

  7. Increasing incidence of chronic diseases in Europe is expected to bolster the market growth • Europe holds dominant position in the elderly nutrition market, owing to high prevalence of chronic diseases such as cancer, cardiovascular diseases in the region. According to the European Heart Network, factsheet 2017, around 11.3 million new cases of cardiovascular diseases were registered in Europe and around 6.1 million cases of cardiovascular diseases were registered in European Union (EU). • Moreover, rise in geriatric population, majorly women, in this region is expected to propel demand for osteoporosis, which in turn is expected to bolster the market growth over the forecast period. According to the International Osteoporosis Foundation, estimated around 20 million cases of osteoporosis in population aged above 50 years in 2015. These problems are greater in women than men and have high prevalence in comorbid chronic disease and disability.

  8. Key Players • Major players operating in the global elderly nutrition market include Allergan, Otsuka Pharmaceuticals Co., Ltd., Baxter International Inc., Danone, Fresenius Kabi AG, Abbott Laboratories, Pfizer, Inc., Mead Johnson & Company, LLC, and Sanofi.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/elderly-nutrition-market-2437

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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