Elderly Nutrition Market Analysis | CMI

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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).

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Figure 1. Global Elderly Nutrition Market Value
(US Mn), by Region, 2017
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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 Alzheimers dementia in the U.S.,
  which is mostly observed in geriatric patients
  above 65 years. Moreover, in 2014, around 93,541
  deaths registered from Alzheimers 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.

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• 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.

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

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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.

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