Medical Nutrition Market Analysis, Global Size, Comprehensive Brief by Type (Pediatric Nutrition, Parenteral Nutrition, Elderly Nutrition and Sport Nutrition), by Product Type (Amino Acid Solution, Multiple Vitamins and Antioxidants, Lipid Emulsion, Trace Elements and Chamber Bags), by Route of Administration (Parenteral and Oral), by Application (Pediatric Malnutrition, Gastrointestinal Diseases, Renal Failure, Cancer, Pulmonary Diseases, Diabetes and Neurological Diseases), by Distribution Channel (Hospitals, Compounding Pharmacy, Retail Pharmacy and E-Commerce Websites) and Region (North America, Europe, Asia-Pacific and the Middle East & Africa) – Forecast till 2023
The global medical nutrition market is mainly driven by the growing awareness about the sector, which has become important in the modern world due to the increasing awareness about the importance of nutrition and proper dietary intake in warding off diseases. The report provides readers with a comprehensive overview of the market, analyzing the market with the help of detailed statistics and analytical models.
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Major Market Competitive Analysis:
Some of the Leading players in the global medical nutrition Industry includes the Following Key Players,
Fresenius Kabi AG
Braun Melsungen AG
Grifols SA
Danisco (DuPont)
Danone Nutricia
Bayer AG
Mead Johnson Nutrition Company
GlaxoSmithKline plc
Abbott Nutrition
Pfizer Inc.
Sanofi
Baxter Healthcare Corporation
Nestle Health Science
and Others
In October 2019, Nestle Health Science acquired Persona, a personalized vitamin program based on a delivery model. The global medical nutrition market size is expected to exhibit a CAGR of 5% over the forecast period from 2018 to 2023.
Medical nutrition is a field of medicine comprising nutrition models made especially for patients suffering from specific diseases. Medical nutrition is especially important when patients are suffering from diseases that are affected by the patient’s dietary intake, such as gastrointestinal diseases, autoimmune diseases, and cancer.
3 Market Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Escalating Occurrences of Lifestyle-Associated Diseases
3.2.2 High Birth Rate and High Number of Premature Birth
3.2.3 The Upsurge in the Number of Victims of Malnutrition Receiving Treatments
3.2.4 Growing Geriatric Population is Influencing the Medical Nutrition Uptake
3.3 Restraints
3.3.1 Stringent Regulations and Reimbursement Issues
3.3.2 Lack of Awareness Limits the Clinical Nutrition Market
3.4 Opportunities
3.4.1 Increasing Demand for Clinical Nutrition in Infant Category
3.4.2 Increasing Home Care Usage of Nutritional Products
3.5 Challenges
3.5.1 Negative Publicity and Presence of Misbranded
3.5.2 Macroeconomic Indicators
Market Segmentation:
The global medical nutrition market is segmented on the basis of type, product type, route of administration, application, distribution channel, and region.
By type: pediatric nutrition, elderly nutrition, parenteral nutrition, and sports nutrition.
By product type: amino acid solutions, multiple vitamins, antioxidants, lipid emulsions, trace elements, and chamber bags.
By route of administration, the global medical nutrition market is segmented into parenteral, oral, and others.
By application: cancer, pulmonary diseases, gastrointestinal diseases, diabetes, obesity, pediatric malnutrition, renal failure, and neurological diseases.
By distribution channel: hospitals, compounding pharmacies, retail pharmacies, and ecommerce websites.
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Global Medical Nutrition Market Size, by Type, 2015 & 2022 (USD Million)
Regional Analysis:
The Americas is the leading revenue generator in the global medical nutrition market and is likely to retain the position over the forecast period, followed by Europe and Asia Pacific. The growing geriatric population in the Americas, especially North America, is likely to be a major driver for the global medical nutrition market. The Asia Pacific market for medical nutrition is expected to exhibit a solid 4.5% over the forecast period from 2018 to 2023.
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