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Expanding Medical Foods Market for Orphan Diseases: Forecasted Growth, Driving Factors and Key Trends
Medical Foods For Orphan Diseases Market Size
What Is The Projected Market Size Of The Global Medical Foods For Orphan Diseases Market And Its Growth Rate?
- The medical foods for orphan diseases market has been growing significantly over recent years.
- From a value of $1.33 billion in 2024, it will increase to $1.42 billion in 2025 at a CAGR of 7.0%.
- Factors such as orphan drug designation, advances in research & development, government funding, regulatory frameworks, and improved diagnosis contribute to this growth.
- Beyond 2025, the market size is expected to continue its strong growth, reaching $1.82 billion by 2029. This growth, at a CAGR of 6.4%, will be driven by factors including telemedicine, remote monitoring, healthcare system integration, emerging food science technologies, precision nutrition, and increased patient demand.
What Is Driving The Growth In The Medical Foods For Orphan Diseases Market?
The medical foods market for orphan diseases is being propelled by the rising incidence of orphan diseases, also known as rare diseases. As these medical conditions affect a relatively small number of individuals within a population, medical foods become essential to meet the specialized nutritional requirements of these patients. For instance, the American Cancer Society had reported in January 2023 that non-Hodgkin lymphoma, a rare disease, accounted for approximately 4% of cancer cases in the United States representing about 80,550 new diagnoses. Such increasing prevalence of orphan diseases is a major force driving the medical foods for orphan diseases market.
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Who Are the Key Players Driving Medical Foods For Orphan Diseases Market Growth?
The multinational corporations leading the medical foods for orphan diseases market include:
- Nestle S.A.
- Abbott Laboratories Inc.
- Danone S.A.
- Ajinomoto Co. Inc.
- Meiji Holdings Co. Ltd.
- Fresenius Kabi AG
- BioMarin Pharmaceutical Inc.
- Halyard Health
- Alfasigma spA
- Ultragenyx Pharmaceutical Inc.
- Immedica Group AB
- Vitaflo International Ltd.
- Leadiant Biosciences Inc.
- Alcresta Therapeutics Inc.
- Cambrooke Therapeutics Inc.
- Primus Pharmaceuticals Inc.
- CANbridge Pharmaceuticals Inc.
- Cerecin Inc.
- AMNIOX Medical Inc.
- Targeted Medical Pharma Inc.
- Solace Nutrition LLC
- Orphan Therapeutics LLC
- Metagenics Inc.
- Farma Genetics Inc.
What Are The Key Trends In The Medical Foods For Orphan Diseases Market?
Key trends affecting the forecast period growth include:
- Long-term efficacy studies
- Disease-specific formulations
- Education and training programs
- Focus on gut microbiome
- Innovation in nutritional supplements
What Are The Segments Of The Global Medical Foods For Orphan Diseases Market?
The medical foods for orphan diseases market is segmented by:
- Product: Pills, Powder, Liquid, Other Products
- Route Of Administration: Oral, Enteral
- Applications: ket*onuria, Tyrosinemia, Eosinophilic esophagitis, Food Protein-Induced Enterocolitis Syndrome (FPIES), Maple Syrup Urine Disease (MSUD), Homocystinuria, Other Applications
- Sales Channel: Online Sales, Institutional Sales, Retail Sales
Which Region Leads The Medical Foods For Orphan Diseases Market?
North America was the largest region in the medical foods for orphan diseases market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Medical Foods For Orphan Diseases Market Global Market Report?
- Market Size Analysis: Analyze the Medical Foods For Orphan Diseases Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Foods For Orphan Diseases Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Foods For Orphan Diseases Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Foods For Orphan Diseases Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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