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Global Rx Medical Food Market Competitive Status and Trend By Leading Players like Abbott Laboratories, Danone, Mead Johnson, LLC, Fresenius Kabi AG, Nestle

01-08-2019 01:46 PM CET | Health & Medicine

Press release from: Coherent Market Insights - Pharmaceutical Industry

Rx Medical Food

Rx Medical Food

Medical food is consumed or enterally administered under the supervision of a physician for treatment of a disease or specific dietary management. Medical food is used for various purposes such as healthy aging, maintaining brain health, and for treating chronic medical conditions, irritable bowel syndrome, and metabolic disorders. Medical food mimics therapeutic agents used in the treatment of clinical conditions such as pain, sleep disorders, and cognitive disorders. It provides relief to pain or helps treat the condition without exhibiting any risk or side effects that are usually associated with the pharmaceutical drugs.

Medical food products claiming treatment of such medical conditions or any other diseases are required to support their claim with proper scientific and clinical study results. Although medical food products do not require adherence to any particular labeling requirements, any false claims or misbranding may result in legal action by the Food, Drug & Cosmetic Act (FD & C Act). Medical food varies in forms of dosage such as powders, pills, and solutions, which allows for wider availability and reach. Advancement in nutritional therapies is a result of robust support of medical food products and their wide variety of therapeutic applications, which, to a certain extent is expected to offset prescription drugs usage.

Request Sample Copy Of This Research Report:
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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 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. 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.

Market Taxonomy
This report segments the global Rx medical food market on the basis of product type, therapeutic application, and distribution channel. On the basis of product type, the global Rx medical food market is segmented into pills, powders, liquid, and others (wafers, chewable, and bars). On the basis of therapeutic application, the market is segmented into pain management, sleep disorder, neurological disorder, GI disorder, pulmonary disorders, metabolic disorders, and others (fibrosis, dialysis, AIDS, etc.).

Key features of the study:

This report provides in-depth analysis of Rx medical food market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

The U.S. FDA amended regulations related to formulation and marketing of medical food in 2013, the category, which was previously ill-defined. The new additions clarified some issues associated with marketing and branding of medical food products. Furthermore, the U.S. FDA also states that medical food does not require prescription, rather requires to be consumed under the supervision of a medical practitioner. Furthermore, the medical food market is expected to gain traction, owing to major investments by players such as Nestlé and Danone in research and development of medical foods along with widening scope of applications such as chronic pain, and personalized medicine.

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.

Download the PDF brochure:
https://www.coherentmarketinsights.com/insight/request-pdf/909

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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