Press release
Worldwide Medical Nutrition Market is Surmise at a CAGR of 9.2 % till 2023
Medical Nutrition Market
Medical Nutrition is a therapeutic composition developed to fulfil the nutritional requirement of the patient. Medical nutrition are used during diseases like cancer, diabetes, chronic obstructive pulmonary disease (COPD), gastrointestinal disorders, immune system disorders and many more. The major factors impacting the growth of this market include increasing incidences of diseases requiring additional nutrients and increased awareness among population about the benefits of medicated foods and beverages. Changing life style such as habitual smoking, alcohol, extended work hours and relying on fast-food has resulted into lack of adequate nutrients that is also one of the reasons contributing to the growth of medical nutrition industry market. However the factors that are limiting the development of the market are high price and critical reimbursement policies enforced by the governments in various countries.
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Geographically, North America commands the largest market for medical nutrition market. Huge population suffering from diabetes and renal diseases has led to boost this market in North America. Europe is the second leading market for the medical nutrition followed by Asia Pacific. Asia Pacific region accounts the fastest growth for medical nutrition market. India and China are the major contributor for the market in Asia Pacific region due to rising awareness about health amounts the people and huge population base. Middle East and Africa accounts the least market for the medical nutrition.
Previously medical nutrition products were limited to addressing issues related to malnutrition however, developments in the healthcare industry have resulted in a high demand for medical nutrition products worldwide. These products are being used to treat several diseases, including renal failure, diabetes, cancer, obesity, sarcopenia, and pediatric malnutrition.
Regional analysis
On regional basis, North America accounts the largest market for medical nutrition which is followed by Europe. Huge population pool that is suffering from chronic diseases and relatively more number of health conscious population in North America and Europe are the major reason for the growth of this market. Asia Pacific is the fastest growing segment due to rapid development in healthcare sector and increasing population.
U.S. medical nutrition market size in 2015 was valued over USD 8 billion and is anticipated to witness more than 6% CAGR over the forecast years. Advanced healthcare infrastructure, rising geriatric population, surging chronic disease burden and favorable reimbursement scenario will drive business growth.
In 2015 China market was valued more than USD 6 billion and is expected to witness over 9% growth.
In India, Indian is expected to witness over 9% CAGR driving the regional industry growth.
Germany held around 18% of regional revenue share witnessing a considerable growth.
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Key players for world medical nutrition market
Abbott Nutrition (US).
AYMES Nutrition International Ltd. (UK).
NeoMed (US), Baxter International (US).
Danone (France).
Braun Melsungen AG (Germany).
Mead Johnson & Company, LLC. (US).
Nestlé Health Science (Switzerland).
Nutricia Advanced Medical Nutrition (Netherland).
Primus Pharmaceuticals (US), Inc.
Solace Nutrition (UK) and others.
Key Heighlights of This Report
Overview of key market for propelling market growth.
Detailed Market structure.
Research methodology and market dynamics.
Descriptive market factor analysis including every factor.
Medical nutrition market with its Type.
Medical nutrition market with its application.
Medical nutrition market by its region such as North America, Europe, Asia-Pacific, Middle East & Africa.
Competitive Landscape with strategies adopted by Market players.
All Key Players companies detailed profile.
Reasons to Purchase This Report
What was the previous market data from year 2013 to year 2016, what is the industry growth analysis from 2017 to 2024
A descriptive analysis of current trends, growth drivers, industry pitfalls, challenges and opportunities for participants
What are the techniques, technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they grow in the market in terms of sustainability, competency, production capacity and strategic outlook?
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