Market Research Future published reports related to the healthcare sector among others, recently forecasted in its report on Global Medical Nutrition Market Research Report- Forecast to 2023 that the market will demonstrate a steady CAGR of 9.2% while achieving million dollar growth readily in the forecast period.
Growing number of people include these nutrition into their diet as a precautionary measure. For instance, recently in a survey, it was found that nearly 50% of adults in the US have already included at least one type of Medical Nutrition in their meal with the expectation to prevent common illnesses and thus to make them feel better. Hence, globally, the Medical Nutrition Market is growing at the rapid pace. The major factors impacting the growth of this market include increasing incidences of diseases requiring additional nutrients and increased awareness among population about the benefits of medicated foods and beverages.
The Global Medical Nutrition Market is mainly driven by the growing prevalence of diseases requiring additional nutrients and increased awareness among the population about the benefits of medicated foods and beverages. Changing lifestyle such as habitual smoking, alcohol, extended work hours and relying on fast-food has resulted in lack of adequate nutrients that is also one of the reasons contributing to the growth of medical nutrition market.
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Key Players for Global Medical Nutrition Market
Abbott Nutrition (US), AYMES Nutrition International Ltd. (UK), NeoMed (US), Baxter International (US), Danone (France), B. Braun Melsungen AG (Germany), Mead Johnson & Company, LLC. (US), Nestlé Health Science (Switzerland), Nutricia Advanced Medical Nutrition (Netherland), Primus Pharmaceuticals (US), Inc., Solace Nutrition (UK) and others.
Segments for Global Medical Nutrition Market
MRFR has segmented the report into 3 key dynamics for an enhanced understanding;
By Type: Comprises Elderly Nutrition, Paediatric Nutrition, Sports Nutrition, and Parenteral Nutrition, among others.
Applications: Diabetes, Obesity, Paediatric Malnutrition, Renal Failure, and Sarcopenia, Cancer, among others.
Competitive Analysis for Medical Nutrition Global Market
The Medical Nutrition market is well expanded and competitive with the several major players operating at international and regional level. These players compete by reputation, product differentiation, pricing, and portfolio. Furthermore, the competitive strength of these market players is dependent on product pricing, product precision, product reliability, and versatility. The market is expected to witness a fierce competition due to the expected extensions in product & service and product innovations.
Industry/ Innovation/ Related News:
May 01, 2018 – NeoPro Nutritional Sciences LLC (US), a one of the leading global maker & provider of a range of clinical & sports nutrition launched its new product – Clinical Strength Liquid Protein, a medical strength blend of complete protein and vital nutrients.
By Region: North America, Europe, APAC and Rest of the World.
Regional Analysis for Global Medical Nutrition Market
Globally, North America accounts for the largest market for Medical Nutrition, followed by Europe and Asia Pacific respectively. Increasing prevalence of chronic diseases coupled with the presence of increasing health conscious populace in the region, drives the market growth. Owing to the growing number of sport injuries, the region is estimated to account for 40% of market share during the forecast period.
The second largest market for Medical Nutrition, Europe will be witnessing a substantial growth during the review period. Huge patient pool suffering with the chronic diseases along with the expanded awareness towards the benefits of Medical Nutrition fosters the regional market growth.
Asia Pacific region emerging as the fastest growing market for Medical Nutrition has become a lucrative space for foreign investors. Huge population increasingly gaining awareness about the Medical Nutrition and its benefits, drives the market growth in the region. Improving economy allowing reasonable per capita healthcare expenditures is the major reason for the growth of this market.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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