Rx Medical Food Market Size, Share, Growth With Top Players Abbott Laboratories, Danone S.A., Mead Johnson & Company, LLC,

Medical food is a category of food products for dietary management or preventive therapy for specific disease or medical conditions such as pulmonary, gastrointestinal, and metabolic disorders. Ingredients used in medical foods must have 'generally recognized as safe' (GRAS) status. Medical food is different from nutritional food, dietary supplements, and prescription drugs. 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.

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The U.S. Food & Drug Administration (FDA) has classified medical foods into four major categories such as 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 safety of populace and curb 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.

The global Rx medical food market size is estimated to be valued at US$ 17,219.8 million in 2019, and is expected to exhibit a CAGR of 6.6% over the forecast period (2019-2027).

Increasing Regulatory Support and Awareness about Medical Food among Healthcare Professionals are expected to Drive Growth of the Rx Medical Food 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. 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 Rx medical food market is expected to witness significant growth, owing to major investments by players such as Nestl? and Danone in research and development of medical foods along with widening scope of applications such as chronic pain, and personalized medicine. Medical food currently available in the market include Axona (Accera), Limbrel, Deplin, Lofenalac, Ensure, Vasculera, and Vascazen.

Market Dynamics

Personalized medicine is a developing field, and gaining medical industry's attention for its therapeutic application, where 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 also owing to innovative developments. According to a report by Personalized Lifestyle Medicine Institute, in 2013, 70% of all chronic diseases were due to nutrition deficiencies or imbalances, in the U.S. Such nutrition-based disease condition 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 about medical food and its benefits, among healthcare professionals and patients are expected to drive growth of the market.

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Detailed Segmentation:

Global Rx Medical Food Market, By Product Type:
Pills
Powder
Liquid
Others (Wafers, Chewable, and Bars)

Global Rx Medical Food Market, By Therapeutic Application:
Pain Management
Sleep Disorder
Neurological Disorder
Gastrointestinal Disorder
Pulmonary Disorders
Metabolic Disorders
Others (Fibrosis, Dialysis, AIDS, and Others)

Global Rx Medical Food Market, By Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Supermarkets

Global Rx Medical Food Market, By Region:

North America

Europe

Asia Pacific

Latin America

Middle East

Africa

Company Profiles

Abbott Laboratories*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Danone S.A.
Mead Johnson & Company, LLC.
Fresenius Kabi AG
Nestle S.A.
Primus Pharmaceuticals, Inc.
Targeted Medical Pharma
Pivotal Therapeutics
Enzymotec Ltd.
AlfaSigma
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This release was published on openPR.