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Medical Foods Market 2023 | Business Overview, New Share, Trends Analysis, And Forecast To 2032
Medical Foods Market
Medical Foods Market Size, Growth Rate, And Forecast
The global medical foods market size grew from $19.65 billion in 2022 to $21.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The medical foods market size is expected to grow to $27.62 billion in 2027 at a CAGR of 7.0%.
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Medical Foods Market Drivers
The increase in the geriatric population is significantly contributing to the growth of the medical foods market. At the molecular and cellular level, aging is caused by the accumulation of a range of biomolecular damage throughout time. This results in a gradual loss of functional capacity, as well as an increased risk of disease and eventually, death. These changes are not linear or continuous, and they have been only distantly related to a person's chronological age. As people get old, their dependency on certain nutritional foods increases especially medical foods to manage their health from chronic and age-related diseases.
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Medical Foods Market Segments
• By Type: Pills, Powder, Other Types
• By Application: Alzheimers Disease, Diabetic Neuropathy, Nutritional Deficiency, ADHD, Other Applications
• By Sales Channel: Retail Sales, Online Sales, Institutional Sales
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the medical foods market.
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Medical Foods Market Key Players
Major competitors in the medical foods market include Nestle, Mead Johnson & Company LLC, Fresenius Kabi AG, Danone, Primus Pharmaceuticals Inc., Abbott Laboratories, Metagenics Inc., Targeted Medical Pharma Inc., Medtrition Inc., Cerecin Inc., Entera Health Inc., Vaya Pharma Inc., Physician Therapeutics LLC, Alfasigma spA, and MicroBiome Therapeutics LLC.
The Business Research Company's "Global Medical Foods Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Medical Foods Market Include:
1. Executive Summary
2. Medical Foods Market Characteristics
3. Medical Foods Market Trends And Strategies
4. Medical Foods Market - Macro Economic Scenario
5. Medical Foods Market Size And Growth
……
26. Africa Medical Foods Market
27. Medical Foods Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Foods Market
29. Medical Foods Market Future Outlook And Potential Analysis
30. Appendix
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