Medical Nutrition Market : Consumption, Revenue, Applications With Major Key Players Baxter Healthcare, Abbott Healthcare, Fresenius kabi
Rise in the prevalence of chronic diseases globally expected to boost the medical nutrition market
The major factors contributing to the growth of medical nutrition market are rising incidence of diseases such as cancer. Medicine and nutritional therapy is recommended to the cancer patient in order to combat with the weak immune system, which affects eating habit resulting into drastic weight loss in a patient. Increasing rate of chronic diseases, such as chronic obstructive pulmonary disease is leading to the incensing number of malnutrition, which is expected to drive the medical nutrition market globally. According to World Health Organization (WHO) in 2015, around 3 million patients died due to obstructive pulmonary disease. Factors driving the growth of medical nutrition market include changing lifestyles and rising awareness among the population related to the advantages of medicated food and beverages. The factors hindering the growth of medical nutrition market are stringent regulations by Food and Drug Administration (FDA), such as maintaining the good manufacturing practices by the manufacturers to ensure product quality. FDA maintains the safety and quality standards based on scientific principles, strict medical evaluation, and supervision.
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Medical Nutrition Market Taxonomy
Medical nutrition market is segmented on the basis of product type, application, and Geography
On the basis of product type, the medical nutrition market is segmented into:
On the basis of application, the medical nutrition market is segmented into:
Increasing incidences of malnutrition is expected to propel the growth of medical nutrition market in the North America region
On the basis of geography, the medical nutrition market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is the largest region for medical nutrition market globally followed by Europe. Rising prevalence of malnutrition has propelled the growth of medical nutrition market in the North America region. According to the Feeding America 2015, around 2 million people suffer from starvation in the U.S, including 13 million children. Asia Pacific is expected to be the dominant region for medical nutrition market over the forecast period and the factors responsible for increasing number of diseases, such as diabetes, cancer, and others.
The innovative Neocate Syneo launched by nutrica in pediatric nutrition business to boost the medical nutrition market.
Key players operating the medical nutrition market include Baxter Healthcare, Abbott Healthcare, Fresenius kabi, B Braun Melsungen Ag, Nestle health sciences, and Nutrica. Nutrica has launched an innovative Neocate Syneo in 2016, a unique blend of probiotics and prebiotics, which is considered to support the development of a balanced gut microbiota in infants suffering from numerous food allergies, milk allergy, and related gastrointestinal conditions. Neocate syneo is the first hypoallergenic formula launched in pediatric nutrition business.
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