Press release
Increasing Regulatory Support And Awareness About Medical Food Among Healthcare Professionals Are Drive Growth Of The Rx Medical Food Market.
Medical food is consumed or enterally administered under the supervision of a physician for the 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 such as irritable bowel syndrome and metabolic disorders. Medical food imitates therapeutic agents used in the treatment of clinical conditions such as pain, sleep disorders, and cognitive disorders. It provides relief from pain or helps treat the condition without exhibiting any risk or side effects that are usually associated with 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.Medical food is a category of prescribed products which offer various advantages over prescription drugs such as lesser side effects, lower product costs, and nutritional benefits..
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Although, medical food products do not require adherence to any particular labelling requirements, any false claims or misbranding may result in legal action from the Food, Drug & Cosmetic Act (FD & C Act). Medical food varies in forms of dosage such as powders, pills, and solutions, which offer a wider range of products to the patients’. Technical advancements in nutritional therapies for different disorders is a result of robust support of medical food research and approved products and their various therapeutic applications, which, to a certain extent is expected to diminish the use of prescription drugs usage.
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 owing to innovative developments.
According to a report by the Personalized Lifestyle Medicine Institute, in 2013, 70% of all chronic diseases in the U.S. were due to nutrition deficiencies or imbalances. Such nutrition-based disease conditions could be directly addressed with the help of medical foods in the initial stages of the disease and prevent further loss. Thus, management of diseases by treating individual nutritional deficiencies is expected to favor demand for personalized medicines. The awareness about medical food and its benefits among healthcare professionals and patients is expected to drive growth of the market.
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Major Key Players Are: Abbott Laboratories, Danone, Mead Johnson & Company, LLC, Fresenius Kabi AG, Nestle, Primus Pharmaceuticals, Inc., Targeted Medical Pharma, Enzymotec ltd., AlfaSigma, and Pivotal Therapeutics.
Table of Content
Global Rx Medical Food Market Research Report
Section 1: Global Rx Medical Food Industry Overview
Section 2: Global Economic Impact on Rx Medical Food Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Rx Medical Food Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Rx Medical Food Market Forecast
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