Overview:
Medical nutrition is important to manage certain chronic conditions, such as obesity, diabetes, constipation, indigestion, malabsorption, etc. It helps lower the risk of nutrient deficiencies, improve appetite and food intake, maintain healthy lifestyle, and other health conditions. It is recommended for patients of all ages including geriatrics, adults, and infants – in short, those who are susceptible to various chronic conditions, such as neurological diseases, renal failures, chronic diseases, and others. Thus, there is an increasing demand for medical nutrition.
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Drivers:
Players in the market are focusing on developing and launching medical food products with improved therapeutic effects, which in turn is expected to augment the growth of the global Rx medical food market during the forecast period.
For instance, in March 2020, Conagen developed an unprecedented critical lactoferrin protein that reflects the nutritional properties of lactoferrin from breast milk. While, in February 2020, Global food and beverage company, Danone launched a dual-QR code packaging solution for its baby formula brands Aptamil and Nutrilon in China.
Moreover, in April 2017, Abbott developed two new science-based nutrition drinks for patients undergoing surgery, such as the Ensure Pre-Surgery Clear Nutrition Drink and Ensure Surgery Immunonutrition Shake. These nutrition drinks are designed to reduce insulin resistance, support immune health, and fasten surgery recovery time.
In May 2017, Cambrooke Therapeutics Inc. announced the launch of Tylactin COMPLETE Bars, a nutritionally complete medical food, available in a convenient portable format, for the dietary management of Tyrosinemia. Moreover, in September 2016, Cambrooke announced a new and improved Glytactin Complete Bar for the dietary management of Phenylketonuria.
COVID-19 Impact:
The pandemic has severely affected the production, development, and supply of Rx medical food. Majority of manufacturing and production facilities have suspended their manufacturing operations, as many government enforced strict measures to curb the spread of the coronavirus.
On 30 January 2020, World Health Organization (WHO) declared the outbreak a Public Health Emergency of International Concern, and a pandemic on 11 March 2020. Worldwide, as of July 2020, there have been 11 million confirmed cases of COVID-19.
However, majority of manufacturing and production facilities are invested or investing for the development of new Rx medical food products. For instance, in May 2020, Nutricia, part of world-leading food, beverage and nutrition company Danone, announced that it is supporting research by independent medical professionals to define guidelines for nutritional care for COVID-19 patients recovering after ICU discharge.
Key Players:
Key players active in the global Rx Medical Food Market are Danone S.A., Fresenius Kabi AG, Abbott Laboratories, Nestle S.A., Targeted Medical Pharma Inc., Primus Pharmaceuticals, Inc., Pivotal Therapeutics Inc., AlfaSigma S.P.A., VAYA Pharma, Inc., and Mead Johnson & Company, LLC, among others.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Rx Medical Food Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Rx Medical Food Industry Impact
Chapter 2 Global Rx Medical Food Competition by Types, Applications, and Top Regions and Countries
2.1 Global Rx Medical Food (Volume and Value) by Type
2.3 Global Rx Medical Food (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Rx Medical Food Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Rx Medical Food Market Analysis
Chapter 6 East Asia Rx Medical Food Market Analysis
Chapter 7 Europe Rx Medical Food Market Analysis
Chapter 8 South Asia Rx Medical Food Market Analysis
Chapter 9 Southeast Asia Rx Medical Food Market Analysis
Chapter 10 Middle East Rx Medical Food Market Analysis
Chapter 11 Africa Rx Medical Food Market Analysis
Chapter 12 Oceania Rx Medical Food Market Analysis
Chapter 13 South America Rx Medical Food Market Analysis
Chapter 14 Company Profiles and Key Figures in Rx Medical Food Business
Chapter 15 Global Rx Medical Food Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
Continued….
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