Global Medical Nutrition Industry Growth Analysis and Research Report, by Type (Pediatric Nutrition, Sports Nutrition, and Others), by Product Type (Chamber Bags, Trace Elements), by Application (Pediatric Malnutrition, Diabetes, Obesity, Renal Failure, Sarcopenia, Cancer, and Others) – Forecast to 2023
Medical nutrition comprises diet strategies used to address the specific dietary needs of patients suffering from diseases that necessitate a change in the patient’s dietary profile. Medical nutrition plays a particularly prominent role in the treatment of chronic diseases such as diabetes, cancer, and immune system disorders.
The rising prevalence of these and other chronic diseases is likely to be the major driver for the global medical nutrition market. The increasing consideration of medical nutrition in the healthcare sector, due to the growing awareness about the important role played by dietary factors in managing and treating some diseases, is also likely to play a key role in the growth of the medical nutrition market over the forecast period.
Pediatric nutrition is expected to take on an increasingly important role in the development of the global medical nutrition market in the coming years. Increasing the survival rate among infants has emerged as a key challenge for the healthcare sector as part of the efforts to reduce infant mortality, which is likely to be a major driver for the global medical nutrition market over the forecast period.
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The report makes an extensive study of the market’s historical growth drivers and restraints and presents a comprehensive overview of the market’s growth prospects over the forecast period till 2023. According to the report, the Global Medical Nutrition Market is expected to exhibit a CAGR of 5% over the forecast period from 2018 to 2023.
The global medical nutrition market is segmented on the basis of type (patient demographic), product type, route of administration, application, distribution channel, and region.
By type, the global medical nutrition market is segmented into sports nutrition, pediatric nutrition, elderly nutrition, and parenteral nutrition.
By product type, the global medical nutrition market is segmented into amino acid solutions, lipid emulsions, trace elements, chamber bags, and a wide range of vitamin and antioxidant products.
By route of administration, the medical nutrition market is segmented into oral, parenteral, and others.
By application, the global medical nutrition market is segmented into parenteral malnutrition, gastrointestinal diseases, neurological diseases, pulmonary diseases, renal failure, diabetes, and cancer.
By distribution channel, the market is segmented into hospitals, retail pharmacies, compounding pharmacies, and e-commerce websites.
Leading players in the global medical nutrition market include Grifols SA, Abbott Nutrition, Danone Nutricia, Nestlé Health Science, Bayer AG, Sanofi, Fresenius Kabi AG, Baxter Healthcare Corporation, Pfizer Inc., Danisco, Mead Johnson Nutrition Company, B. Braun Melsungen AG, and GlaxoSmithKline PLC.
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Regionally, the global medical nutrition market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa.
North America is likely to remain the leading contributor to the global medical nutrition market over the forecast period due to the presence of an advanced healthcare sector and rising prevalence of diseases that necessitate intervention in the form of medical nutrition therapies, such as diabetes and gastrointestinal disorders. The growing prevalence of lifestyle factors that lead to the incidence of diseases such as gastrointestinal diseases, obesity, and diabetes is likely to be the major driver for the medical nutrition market in the Americas regional segment. The growing geriatric population in North America could also emerge as a major factor in driving the medical nutrition market in the region, as the baby boomer population in North America is still going strong thanks to progressive medical technology upgrades.
Asia Pacific is also expected to emerge as a major player in the global medical nutrition market over the forecast period due to the growing population of the region. The growing prevalence of diabetes and cancer in Asia Pacific countries such as India, Indonesia, China, the Philippines, and Japan is likely to be a major driver for the medical nutrition market in the region. Increasing efforts to cut down on the rate of infant mortality in the underdeveloped parts of Asia Pacific are also likely to play a key role in the growth of the medical nutrition market in the region over the forecast period.
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The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
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