Medical nutrition addresses the dietary needs of patients with chronic diseases such as diabetes, cancer, immune system disorders, and others. Changing lifestyles of patients coupled with emergence of rare diseases have created the demand for medical nutrition.
The global medical nutrition market is predicted to exhibit a 5% CAGR from 2018 to 2023 (forecast period) owing to the high awareness levels of patients regarding certain foods and their positive impacts on health. Demand for medical nutrition therapy to increase the survival rate among infants is expected to bode well for the market in the coming years. The uptick witnessed in the number of malnourished patients coupled with the boom in the geriatric populace is likely to spur the medical nutrition market demand.
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 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.
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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TABLE OF CONTENT
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 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
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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.
The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.
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