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Medical Foods For Inborn Errors Of Metabolism Market Size, Share Analysis, Top Players, And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Medical Foods For Inborn Errors Of Metabolism Global Market Report 2023 identifies rise in genetic (inherited) disorders as the major driver for the medical foods for inborn errors of metabolism market's growth in the forecast period. Genetic (inherited) disorders refer to a disease that is entirely or partially brought on by a deviation from the typical DNA sequence. Medical foods are essential for infants with metabolic abnormalities to deliver specialized nutrition created to address the unique metabolic requirements of people with these illnesses, thereby assisting in the prevention of nutritional deficits and metabolic needs for promoting their growth and well-being.
The global medical foods for inborn errors of metabolism market is expected to grow from $2.39 billion in 2022 to $2.72 billion in 2023 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical foods for inborn errors of metabolism market are expected to reach $4.31 billion in 2027 at a CAGR of 12.1%.
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Major competitors in the medical foods for inborn errors of metabolism market are BASF SE, Abbott Laboratories Inc, Danone SA, Bristol-Myers Squibb Co, Meiji Holdings Co Ltd., Nestlé Health Science S.A.
A key trend in the medical foods for inborn errors of metabolism market includes product innovation. Major companies operating in medical food for inborn errors in the metabolism market are concentrating on creating innovative products to strengthen their position in the market. For instance, in December 2021, SFI Health, a Switzerland-based natural healthcare company introduced EQUAZEN PRO, a specially formulated medical food for the dietary treatment of a disease or condition with specific nutritional requirements for omega fatty acid levels. EQUAZEN PRO promotes healthy fatty acid metabolism and helps to restore omega-heavy acid levels. EQUAZEN PRO is scientifically proven to improve brain health for children and adolescents with ADHD and associated neurodiverse diseases to offer nutritional assistance. It contains sustainably obtained fish oils and evening primrose oil, and the capsule shell composition guarantees gastro resistance, delaying the transfer of fish oil from the stomach to the intestine and avoiding probable fishy flavor or reflux.
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The medical foods for inborn errors of metabolism market is segmented -
1) By Product: Amino Acid, Glytactin with GMP Amino Acid-Modified Infant Formula with Iron, Low-Calcium/Vitamin D-Free Infant Formula with Iron, Low Protein Food, Other Products
2) By Diseases: Maple Syrup Urine Disease (MSUD), Homocystinuria, Methylmalonic Acidemia, Organic Acidurias, Propionic Acidemia, Isovaleric Acidemia, Disorders of Leucine Metabolism, Glutaric Acidemia Type I Renal Disease, Other Diseases
3) By Age Group: Infants, Weaning, Adolescent, Adults
4) By Forms: Powder, Liquids, Gels, Other Forms
5) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Drugs Stores, Online Pharmacies, Other Distribution Channels
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 for inborn errors of metabolism market.
The Business Research Company's "Global Medical Foods For Inborn Errors Of Metabolism Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Foods For Inborn Errors Of Metabolism Market Include:
1. Executive Summary
2. Medical Foods For Inborn Errors Of Metabolism Market Characteristics
3. Medical Foods For Inborn Errors Of Metabolism Market Trends And Strategies
4. Medical Foods For Inborn Errors Of Metabolism Market - Macro Economic Scenario
…..
32. Global Medical Foods For Inborn Errors Of Metabolism Market Competitive Benchmarking
33. Global Medical Foods For Inborn Errors Of Metabolism Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Foods For Inborn Errors Of Metabolism Market
35. Medical Foods For Inborn Errors Of Metabolism Market Future Outlook and Potential Analysis
36. Appendix
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