Press release
Specialized Formula Medical Nutrition Market With CAGR of 6.84%,Share, Key Growth Trends, Major Players, and Forecast, 2029
The market for specialized formula medical nutrition has been growing at an explosive CAGR of 6.84% and is expected to keep up with its high growth during the forecast period. Specialized formula medical nutrition is offered to patients suffering from malnourishment to improve their quality of life and outcomes. It is tailored and customized as per the specific nutritional needs of a particular patient concerning preferences, schedule, and abilities.Ongoing research regarding the benefits of nutrition on the healing process and growing demand for products to deal with malnutrition, hospital nutrition management are providing opportunities to manufacturers. Nestlé, for example, has recently opened a new R&D center for maternal and infant nutrition in Ireland. Moreover, Fonterra, a global dairy nutrition company, has launched a medical nutrition and healthy aging division. This division will develop science-based nutritional solutions to help people suffering from malnutrition, cancer, and other diseases; and help people age with good health and live longer.
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Increasing Awareness Regarding Nutrition Benefits in Disease Management
Over the past years, government initiatives, media influence, and exhaustive marketing campaigns have increased awareness about specialized nutrition by many folds. For instance, as per an article published by the British Specialist Nutrition Association Ltd in February 2021, Specialist nutrition industry groups, including Specialised Nutrition Europe (SNE) and The Medical Nutrition International Industry (MNI), jointly welcomed the publication of Europe’s Beating Cancer Plan. This includes measures contributing to faster recovery and a high rate of survival among cancer patients.
The plan concedes the importance of nutritional support, which is proven to help cancer patients to cope better with illness and treatment.
Additionally, rising disposable income in developing countries, including India and China, coupled with a surge in literacy rates are expected to influence the specialized formula medical nutrition market.
Competitive Landscape
Players operating in this specialized formula medical nutrition market include Cantabria Labs, Abbott Laboratories, AYMES International Ltd., B. Braun Melsungen AG., Baxter International Inc., Cambrooke Therapeutics, Inc., Danone Nutricia, Fresenius Kabi AG, GlaxoSmithKline plc, Kate Farms, Inc., Mead Johnson & Company, LLC, Medifood GmbH, Medtrition Inc., Meiji Holdings Co., Ltd., Nestlé S.A., NUTRICIÓN MÉDICA SL, Otsuka Pharmaceutical Europe Ltd., Perrigo Company plc, Pfizer Inc., Sichuan Kelun Pharmaceutical Co., Ltd., and Victus, Inc.
By Type
Infant Medical Nutrition Products
Enteral Medical Nutrition Products
Parenteral Medical Nutrition Products
By Application
Adult
Geriatric
Pediatric/Infants
By Region
Americas
Europe
Asia-Pacific
Central and South America and the Caribbean
The Middle East and Africa
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Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.
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