BANGALORE, India, May 13, 2024
/PRNewswire/ -- Medical Nutrition Market is Segmented by
Type (Pediatric Nutrition, Adult Nutrition, Geriatric Nutrition,
Sport Nutrition), by Application (Pediatric Malnutrition,
Gastrointestinal Diseases, Renal Failure, Cancer, Pulmonary
Diseases, Diabetes, Neurological Diseases, Metabolic
Disorders).
The Global Medical Nutrition Market was valued at USD 58870 Million in 2023 and is anticipated to
reach USD 88940 Million by 2030,
witnessing a CAGR of 6.0% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Medical Nutrition
Market:
The Medical Nutrition market is experiencing notable growth
driven by several key factors. Firstly, there is a rising awareness
among consumers regarding the importance of nutrition in managing
various medical conditions, such as malnutrition, diabetes, and
gastrointestinal disorders. This heightened awareness, coupled with
an increasing aging population globally, has spurred demand for
specialized nutritional products tailored to address specific
health needs. Furthermore, advancements in medical research and
technology have led to the development of innovative nutritional
solutions, including personalized nutrition and functional foods,
further expanding the market. Additionally, the growing prevalence
of chronic diseases and the emphasis on preventive healthcare
strategies are driving healthcare providers and policymakers to
prioritize medical nutrition interventions, contributing to market
growth. These factors collectively propel the Medical Nutrition
market forward, with significant opportunities for expansion and
innovation in the foreseeable future.
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TRENDS INFLUENCING THE GROWTH OF MEDICAL NUTRITION
MARKET
The medical nutrition industry is heavily impacted by the
convergence of pediatric nutrition and its use in cancer care.
Pediatric nutrition plays a critical role in the growth and
development of newborns, children, and adolescents by addressing
their specific nutritional needs. Because cancer affects appetite,
metabolism, and vitamin absorption, along with the adverse effects
of therapies like chemotherapy and radiation therapy, pediatric
cancer patients frequently have nutritional issues throughout
treatment. Because of this, there is an increasing need for
specific medical nutrition products that are made to meet the
dietary requirements of children with cancer. These supplements are
designed to help retain muscle mass, boost immunity, promote
healthy growth, and lessen the negative effects of therapy, such
nausea, vomiting, and malnourishment.
Globally, the incidence of chronic conditions including
diabetes, heart disease, and cancer is rising, which is propelling
the medical nutrition market's expansion. Medical nutrition, which
offers customized dietary treatments based on patients' medical and
nutritional needs, is essential in the management of various
disorders. The growing number of people living sedentary lives and
aging populations are contributing to the burden of chronic
illnesses, which is predicted to fuel demand for medical nutrition
goods and services.
One of the main factors behind the medical nutrition market's
growth is the aging population. Due to age-related changes in
metabolism, digestion, and nutrient absorption, as well as the
existence of chronic illnesses and medication use, elderly people
frequently have special nutritional demands. As the world's
population ages, medical nutrition solutions designed especially
for the elderly—such as meal replacements and oral nutritional
supplements—address these nutritional issues and promote healthy
aging, fueling market expansion. The market for medical nutrition
goods and services is being driven by rising knowledge of
preventive healthcare and the role that nutrition plays in
preventing disease.
The market is growing as a result of the growing uses of medical
nutrition in clinical nutrition treatment, especially in healthcare
settings such as clinics, hospitals, and long-term care facilities.
In order to manage malnutrition, promote wound healing, and
maximize nutritional status in patients with both acute and chronic
disorders, medical nutrition is essential. Healthcare practitioners
are adding medical nutrition therapy into their treatment regimens
as a result of the growing acknowledgment of nutrition as a crucial
component of healthcare. This is driving demand for specialist
goods and services in the medical nutrition market.
The medical nutrition industry is expanding and innovating due
to the trend toward tailored nutrition solutions. Developments in
digital health technology, microbiome research, and genetics have
made it possible to create customized dietary programs based on
each person's distinct genetic composition, state of health, and
lifestyle choices. As consumers increasingly seek personalized
approaches to nutrition and wellness, medical nutrition companies
are capitalizing on these advancements to offer tailored dietary
supplements, functional foods, and digital health platforms that
optimize nutritional intake and support individual health goals.
This is driving market expansion.
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MEDICAL NUTRITION MARKET SHARE ANALYSIS
With a roughly 34% market share in 2019, North America is the primary market.
Asia and Europe are lagging behind.
Among the leading businesses are Baxter, B. Braun, Grifols,
Ajinomoto, Infaprim, Fresenius Kabi, Mead Johnson, Abbott
Nutrition, Glanbia Performance Nutrition, and Groupe Danone. In
2019, over 40% of Russian adults were undernourished. Adult
nutrition is around 41% for CIS.
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Key Companies:
- Mead Johnson
- Fresenius Kabi
- Groupe Danone
- Company
- CIS
- Abbott Nutrition
- Nestlé
- Glanbia Performance Nutrition
- Baxter
- B. Braun
- Grifols S A
- Ajinomoto
- Infaprim
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Nutritional Analysis market size is projected to
reach USD 4733.1 Million by 2027,
from USD 3360 Million in 2020, at a
CAGR of 5.0% during 2021-2027.
- Clinical Nutrition market size is expected to reach
USD 15240 Million by 2029, growing at
a CAGR of 3.3% from 2023 to 2029.
- Total Parenteral Nutrition (TPN) Solution Market
- Adult Clinical Nutrition Market
- The global personalized nutrition market was valued at
USD 14612.1 Million in 2021 and is
projected to reach USD 37286.9
Million by 2030, growing at a CAGR of 11.48% from 2022 to
2030.
- Specialized Formula Medical Nutrition Market
- The global enteral nutrition market was valued at
USD 6,762 Million in 2018 and is
projected to reach USD 12,294 Million
by 2027, registering a CAGR of 7.1% from 2020 to 2027.
- Personalized Retail Nutrition & Wellness Market
- Lifestyle Nutrition Market
- Women Nutrition market is projected to reach
USD 63360 Million in 2029, increasing
from USD 36300 Million in 2022, with
a CAGR of 8.2% during the period of 2023 to 2029.
- Sports Nutrition Food
- The global market for Animal Nutrition was estimated to
be worth USD 55140 Million in 2023
and is forecast to a readjusted size of USD
62570 Million by 2030 with a CAGR of 1.8% during the
forecast period 2024-2030.
- Nutritional Food Additives market was valued at
USD 529 Million in 2023 and is
anticipated to reach USD 736.7
Million by 2030, witnessing a CAGR of 4.4% during the
forecast period 2024-2030.
- Nutritional Powder market is projected to reach
USD 281.7 Million in 2029, increasing
from USD 123 Million in 2022, with
the CAGR of 10.0% during the period of 2023 to 2029.
- Acids & Nutrients in Animal Nutrition Market
- Nutritional Shake Market
- Enteral Nutrition Emulsion Market
- The gluten-free products market size was valued at
USD 4.3 Billion in 2019, and is
estimated to reach USD 7.5 Billion by
2027, registering a CAGR of 7.2% from 2020 to 2027.
- Enteral Nutritional Powder Market
- Fish Nutrition Market
- Medical Supplies Market was estimated to be worth
USD 202430 Million in 2023 and is
forecast to a readjusted size of USD 329030
Million by 2030 with a CAGR of 7.1% during the forecast
period 2024-2030.
- Health and Wellness Food and Drinks market was
valued at USD 120940 Million in 2022
and is anticipated to reach USD 173510
Million by 2029, witnessing a CAGR of 6.2% during the
forecast period 2023-2029.
- The global packaged food market size was valued at
USD 1,925.7 Billion in 2020 and is
projected to reach USD 3,407.2
Billion by 2030, registering a Compound Annual Growth Rate
(CAGR) of 5.2% from 2021 to 2030.
- Electronic Health Records market size is projected
to reach USD 47.25 Billion by 2027,
from USD 29.16 Billion in 2020, at a
CAGR of 7.14% during 2021-2027.
- The global market for Food for Special Medical Purpose
(FSMP) was estimated to be worth USD 13100
Million in 2023 and is forecast to a readjusted size of
USD 19530 Million by 2030 with a CAGR
of 5.8% during the forecast period 2024-2030
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