Global Medical Nutrition Market Research Report 2023

Medical nutrition refers to a group of medical food products used under the supervision of health practitioners for the nutritional management of a condition or disease. Medical nutrition products address a distinct nutritional requirement and provide adequate amounts of nutrients to the specific patient group.

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Highlights

The global Medical Nutrition market was valued at US$ 58870 million in 2022 and is anticipated to reach US$ 88940 million by 2029, witnessing a CAGR of 6.0% during the forecast period 2023-2029.

The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.

North America is the main market with about 34% market share in 2019. Europe and Asia are follower.

The main companies are Abbott Nutrition, Nestlé, Mead Johnson, Fresenius Kabi, Groupe Danone, Glanbia Performance Nutrition, Baxter, B. Braun, Grifols, Ajinomoto, Infaprim etc. For Russia, adult nutrition is about 40% in 2019. For CIS, adult nutrition is about 41%.

The medical nutrition market refers to the industry involved in the development, production, and distribution of specialized nutritional products that are used for medical purposes. These products are formulated to meet specific nutritional needs and support the treatment and management of various medical conditions.

Medical nutrition products are designed to provide essential nutrients, vitamins, minerals, and other bioactive components that are necessary for patients with specific medical conditions, such as malnutrition, gastrointestinal disorders, metabolic disorders, cancer, and diabetes. These products can be consumed orally, enteral (tube feeding), or parenteral (intravenous) routes, depending on the patient's needs.

Key Factors Driving the Medical Nutrition Market:

Rising Prevalence of Chronic Diseases: The increasing prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and cancer, has created a significant demand for medical nutrition products. These products play a vital role in disease management, improving nutritional status, and supporting patient recovery.

Growing Aging Population: The global population is aging rapidly, leading to a higher prevalence of age-related health conditions and nutritional deficiencies. The elderly often have specific nutritional requirements, and medical nutrition products help address their unique needs.

Increasing Awareness of Clinical Nutrition: There is growing awareness among healthcare professionals and patients about the importance of nutrition in managing and preventing diseases. This awareness has fueled the demand for medical nutrition products as part of comprehensive healthcare strategies.
Technological Advancements in Formulations: Advancements in research and development have led to the development of innovative formulations in medical nutrition. These include disease-specific formulas, functional foods, and personalized nutrition solutions, catering to specific patient needs and improving treatment outcomes.

Rising Healthcare Expenditure: The increasing healthcare expenditure, both in developed and developing countries, has contributed to the growth of the medical nutrition market. Governments and healthcare organizations are recognizing the cost-effectiveness of medical nutrition interventions in managing diseases and reducing hospitalization rates.

Expansion of E-commerce and Online Platforms: The growth of e-commerce and online platforms has made medical nutrition products more accessible to consumers. Patients and caregivers can conveniently purchase these products online, leading to increased market penetration.
Regulatory Support and Reimbursement Policies: Regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA), provide guidelines and regulations for medical nutrition products. Additionally, reimbursement policies by public and private health insurance providers support the use of medical nutrition products, making them more affordable for patients.

Collaboration and Partnerships: Collaboration between medical nutrition companies, healthcare providers, and research institutions has facilitated the development of innovative products and treatment approaches. Partnerships help leverage expertise, resources, and market reach to address the diverse needs of patients.

The medical nutrition market is expected to continue growing as the demand for specialized nutritional products in disease management and healthcare settings increases. Ongoing research and development, along with advancements in personalized nutrition and digital health technologies, are likely to drive further innovation in the field.

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