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Rx Medical Food Market Projected to Grow at high CAGR By 2025 | By Top Key Companies like - Abbott Laboratories, Danone, Mead Johnson & Company, LLC, Fresenius Kabi AG, Nestle, Primus Pharmaceuticals, Inc., Enzymotec ltd., AlfaSigma, Pivotal Therapeutics
Rx Medical Food Market
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#Summary: Summary This report includes market status and forecast of global and major regions, with the introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions.
Rx Medical Food Market – Competitive Analysis
Some major players operating in the Rx medical food market are Abbott Laboratories, Danone, Mead Johnson & Company, LLC, Fresenius Kabi AG, Nestle, Primus Pharmaceuticals, Inc., Targeted Medical Pharma, Enzymotec ltd., AlfaSigma, and Pivotal Therapeutics.
The medical food is a category of products for dietary management or supportive therapy for specific disease or medical conditions such as pulmonary and metabolic disorders. Ingredients used in medical foods must have generally recognized as safe (GRAS) status, which is assigned to naturally found food materials. The medical food is different from nutritional food, dietary supplements, and prescription drugs. The medical food is protein-based, nutrient-based (Omega 3 fatty acids, chelated zinc, and isoflavones), and may contain minerals and vitamins such as folic acid and thiamine. These products are prescribed by physicians or taken under their supervision. The U.S. Food & Drug Administration (FDA) has classified medical foods into four major categories namely, nutritional complete products, nutritionally incomplete products, formulas for metabolic disorders, and oral rehydration solutions. The U.S. FDA separately regulates medical food category under Orphan Drug Act (1988) to ensure the safety of populace and curb the presence of products falsely claiming to cure medical conditions. Medical food does not require premarket approval, specification as an Investigational New Drug (IND), and individual registration with the FDA. However, they are required to support all their health claims with proper laboratory and clinical studies.
Market Dynamics:
Medical food, although a prescribed product, offers various advantages over prescription drugs such as lesser side effects, lower product costs, and nutritional benefits. Leveraging the preference for convenience food formats is expected to favor the long-term growth of the medical food market. Besides, personalized medicine is a developing field, wherein the patient’s genetic makeup is used to guide the prevention, diagnosis, and treatment of diseases. The medical food is expected to gain a strong foothold in the personalized medicine sector. According to a report by Personalized Lifestyle Medicine Institute, in 2013, 70% of all chronic diseases were fundamentally the results of nutrition deficiencies or imbalances, in the U.S. Such nutrition-based etiologies could be directly addressed with the help of medical foods in the initial stages of diseases, preventing further loss. Thus, management of diseases by treating individual nutritional deficiencies increases the demand for personalized medicines. The awareness regarding medical food and its benefits, among healthcare professionals and patients, is critical for the growth of the market.
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Table of Contents:
1. Research Objective and assumption
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Global Rx Medical Food Market, By Product Type, 2017- 2025 (USD Billion)
5. Global Rx Medical Food Market, By Therapeutic Application, 2017 - 2025 (USD Billion)
6. Global Rx Medical Food Market, By Distribution Channel, 2017- 2025 (USD Billion)
7. Global Rx Medical Food Market, By Geography, 2017- 2025 (USD Billion)
8. Section
Rx Medical Food Market Taxonomy:
Global Rx Medical Food Market, By Product Type:
- Pills
- Powder
- Liquid
- Others (wafers, chewables, bars)
Global Rx Medical Food Market, By Therapeutic Application:
- Pain Management
- Sleep Disorder
- Neurological Disorder
- GI Disorder
- Pulmonary Disorders
- Metabolic Disorders
- Others (fibrosis, dialysis, AIDS, etc.)
Global Rx Medical Food Market, By Distribution Channel:
- Retail Pharmacies
- Online Pharmacies
Global Rx Medical Food Market, By Geography:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
• Abbott Laboratories *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
• Danone
• Mead Johnson & Company, LLC.
• Fresenius Kabi AG
• Nestle
• Primus Pharmaceuticals, Inc.
• Targeted Medical Pharma
• Pivotal Therapeutics
• Enzymotec Ltd.
• AlfaSigma
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