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Medical Nutrition Market to reach USD 73.33 Billion by 2028

The Global Medical Nutrition Market will be worth USD 73.33 Billion by 2028, exhibiting a 5.4% CAGR over the predicted period. An increasingly aging population across the world, which is prone to nervous disorders, Parkinson’s disease, diabetes, organ failure, and other age-related diseases, has necessitated the improvement of medical nutrition in geriatric population. There is a consistent growth in the number of patients suffering from restrictive food ingestion, who require nutrition feeding.

Nutrition has become a significant force in combating chronic diseases. Dietary intake determines the health condition of an individual besides boosting immunity. With rising concerns about containing the spread of diseases, nutrition will play a vital role in ensuring human health and wellbeing. In future, governments across the globe are expected to take important initiatives to address the issue of undernutrition and the prevention of diseases with the implementation of proper food policies.

The growing onslaught of hunger, particularly in the current situation of a raging pandemic, has aggravated the problem of malnutrition and food security. The developmental, economic, social, and medical effects of the global burden of malnutrition are not only severe but also enduring. This is true for both individuals and their families as well as for societies and countries.

According to the World Health Organization, around 45 percent of deaths among children under five years of age occur due to undernutrition. This occurs largely in low- and middle-income countries. At the same time, these countries are witnessing an increase in the rates of childhood obesity. These pressing concerns need to be addressed with proper nutrition.

Individual entities and health establishments face numerous obstacles while offering nutrition. Governments should encourage policies that support the adoption of evidence-based actions in the health sector and associate with the related stakeholders, such as community health workers, pharmacies, and other community-based organizations, to address these challenges. Such obstacles in healthcare not only restrain the progress of medical nutrition market but also highlight the existing conditions in healthcare around the world.

Nutrition is one of the suggested preventive methods to combat chronic diseases. According to the Noncommunicable Diseases (NCD) Task Force, obesity has increased by two-fold and type-2 diabetes by four-fold in the last three decades. They conclude that if the rate of increase of these diseases is not controlled, chances of meeting the Millennium Development Goals (MDG) of keeping the level of prevalence of these diseases lower at 2020 is negligible. Diet and nutrition have significance in fostering good health. Its role in fighting chronic NCDs has established its position in preventive measures.

Global Medical Nutrition Market, By Product

Based on product, the Global Medical Nutrition market segment includes infant nutrition, parenteral nutrition, and enteral nutrition. The parenteral medical nutrition market segment will expand significantly owing to the increasing prevalence of diseases, along with the growing geriatric population base.

The increasing number of patients with cancer, ischemic bowel disease, Crohn’s disease, and short bowel syndrome requiring an external supply of nutrients and other trace elements will positively affect the segment’s growth. Moreover, favorable policies and increasing home healthcare facilities will propel the market growth.

Global Medical Nutrition Market, By Consumer

Based on consumer, the global Medical Nutrition Market segmentation includes child and adult. The infant nutrition segment will dominate the medical nutrition market throughout the forecast period. The increasing rate of premature births and malnourishment in children will drive the growth of the child segment.

An increasing number of awareness camps and programs organized by local governments and other entities are expected to provide a major boost to the market. Further, the frequent introduction of new infant nutritional products in the medical nutrition market will have a positive impact on the segment’s growth. Milk-based infant nutrition formulae are the most preferred infant nutritional formulae for its nutritional content.

Global Medical Nutrition Market, By Regions

Asia-Pacific to record the highest growth, in comparison to other regions, in the forecast period, mainly due to the prevalence of high malnutrition rates in several countries of the region. North America will have a significant share in the medical nutrition market during the forecast period due to the increasing prevalence of diseases caused by a sedentary lifestyle and unhealthy dietary habits.

Key Developments in Global Medical Nutrition

  • October 02, 2020 - Danone has announced to start projects in the active aging and healthy aging segments to meet the demand for wellbeing and nourishment in the covid-19 pandemic.
  • Oct 20, 2020 - Envara Health has launched a new, clinically approved medical food Encala®. It is for exocrine pancreatic diseases and fat malabsorption in patients with cystic fibrosis (CF).
  • January 27, 2020 - Nestlé declared its entry into an asset purchase with Allergan to acquire the gastrointestinal medication Zenpep. This move aims to supplement its portfolio of therapeutic goods and magnify the medical nutrition business.
  • 25 August 2020 - Dr. Reddy's Laboratories has entered the hospital nutrition segment. It has launched a new nutrition drink, Celevida Maxx, in India for patients with critical illnesses. Celevida Maxx helps meet the nutritional needs of critical-care, cancer, and chronic obstructive pulmonary disease (COPD) patients.
  • 04 July 2018 - Fonterra’s NZMP launched several ingredient ranges in North America. It is aimed to make nutrition easy, increase the appeal of the beverages, and present more digestible options.

Some Key Findings of the Global Medical Nutrition Market Report Include:

  • The study includes a global Medical Nutrition Market study, advances, and predictions, along with a detailed country analysis.
  • An in-depth analysis of the global Medical Nutrition Market contains category by Product, by Consumer, and by Regions, with an analysis of trend-based understandings.
  • Product offerings details on competitive benchmarking and development approach adopted by the industry players
  • The market research includes a study of the provinces, limitations, drivers, prospects, guidelines, challenges, and procedures that are propelling the global Medical Nutrition Market.
  • The study also offers complex measures of potential market effects over the forecast period.
  • The study provides an in-depth overview of the leading companies operating in the Global Medical Nutrition Market.
  • The study offers the decision-makers a strong futuristic view of the industry.
  • The research also helps understand the dynamics of the Medical Nutrition Market and its structure by analyzing market segments and projecting the size of the Medical Nutrition Market.
  • Some major industry players functional in the global Medical Nutrition Market include Grifols S.A., GlaxoSmithKline Plc, Abbott Nutrition, B. Braun Melsungen AG, Danone Nutricia, Mead Johnson Nutrition Company, Nestlé Health Science, Danisco, Bayer AG, Pfizer Inc., Sanofi, Baxter Healthcare Corporation, and Fresenius Kabi AG.

Market Segmentation

By Product:

  • Infant Nutrition
  • Parenteral Nutrition
  • Enteral Nutrition

By Consumer:

  • Child
  • Adult

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East
  • Rest of the world
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

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Recommendations

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