Medical Nutrition Market to Grow with a CAGR of 7.72% through 2028
The influence of e-commerce, continuous innovation,
and global expansion are expected to drive the Global Medical Nutrition Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “Medical
Nutrition Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Medical Nutrition Market stood
at USD 62.20 billion in 2022 and is anticipated to grow with a CAGR of 7.72% in
the forecast period, 2024-2028. This can be attributed to regulatory framework
and quality standards. Stringent regulations and quality standards set by
regulatory authorities, such as the U.S. Food and Drug Administration (FDA) and
the European Food Safety Authority (EFSA), ensure the safety and efficacy of
medical nutrition products. Compliance with these standards is paramount for
manufacturers, instilling confidence in consumers and healthcare professionals
regarding the quality of these products.
Moreover, continuous research and innovation have led
to the development of advanced ingredients for medical nutrition products.
These include specialized nutrients, probiotics, prebiotics, and bioactive
compounds. These innovations enhance the nutritional profiles of products and
contribute to better health outcomes.
Browse over XX market data Figures spread
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Nutrition Market.”
The clinical nutrition market was significantly
impacted by the COVID-19 pandemic, with various studies shedding light on its
consequences. For instance, in a research study published in the National
Library of Medicine in May 2021, it was reported that the prevalence of
malnutrition among COVID-19 hospitalized patients was as high as 42%. This high
prevalence underscores the insufficient nutritional support during the
pandemic. Additionally, initiatives like the issuance of new guidelines are
anticipated to contribute to market growth in the forecast period. As an
example, in January 2021, the European Society for Clinical Nutrition and
Metabolism issued guidelines related to the nutritional management of
COVID-19-infected ICU patients, emphasizing the vital role of clinical
nutrition in infection prevention and the treatment of infection-related
malnutrition. Similarly, in February 2021, Tata & Lyle launched the Tata
& Lyle Nutrition Centre, a digital platform offering authoritative
scientific information on ingredients to assist food manufacturers in
addressing public health challenges. Consequently, the market is expected to
experience a positive impact during the study's forecast period.
Several factors are driving the growth of the clinical
nutrition market, including the rising prevalence of metabolic disorders,
increased healthcare expenditure, and the expansion of the middle class in
emerging economies. Over the past decade, the prevalence of metabolic disorders
has been on the rise. For instance, according to an article from the Gaucher's
Institute updated in November 2021, Gaucher disease affects both males and
females, with a worldwide prevalence of 0.70 to 1.75 per 100,000 individuals.
The same source also noted that the standardized birth incidence of Gaucher
disease within the general population varies from 0.39 to 5.80 per 100,000
individuals. This disease burden underscores the demand for clinical nutrition
products, driving market growth. Clinical nutrition plays a significant role in
minimizing adverse patient outcomes during surgeries, allowing surgeons to
operate in a controlled environment. According to data from the Organization
for Economic Co-operation and Development updated in August 2022, the number of
surgeries performed in some European countries in 2021 included 94.87 thousand
in Portugal, 49.33 thousand in Denmark, 32.84 thousand in Ireland, and 21.5
thousand in Norway. With the increasing disease burden and the volume of
surgeries, the clinical nutrition market is expected to witness growth during
the forecast period.
Likewise, the introduction of new products is another
driver of market growth. For instance, in August 2021, Esperer Nutrition
launched a range of consumer nutraceuticals targeting bone and joint health,
immunity, urinary tract health, sleep apnea, and pre-diabetic care. These
product launches are anticipated to boost the adoption of clinical nutrition,
thereby increasing market growth in the forecast period. Consequently, the
growing elderly population and the development of clinical nutrition products
tailored to this demographic are expected to further stimulate market growth.
The Global Medical Nutrition Market is segmented into
route of administration, application, end user, regional distribution, and
company.
Based on its route of administration, it is
anticipated that the Oral and Enteral Segment will maintain a significant
market share throughout the projected period. Among the various methods of
clinical nutrition administration, oral and enteral routes are the most
frequently utilized, with parenteral administration being a less preferred
alternative due to its higher associated processing costs. Physicians typically
favor the oral route for its simplicity and cost-effectiveness, especially when
compared to the other two administration methods.
For example, in cases of end-stage renal
disease (ESRD), patients face limited treatment options, such as organ
transplantation (which may not always be feasible due to donor availability
issues, and even when a donor is found, the process can take several months to
years) or regular hemodialysis. Specialized clinical nutrition delivered
through oral and enteral feeding is prescribed to alleviate the strain on the
kidneys, helping control the production of waste products like creatinine, uric
acid, and bilirubin.
Based on application, Cancer is anticipated to exert a dominant influence on
the Global Medical Nutrition Market throughout the forecast period for several
compelling reasons. Firstly, the incidence of cancer cases continues to rise
globally, making it one of the most prevalent and serious health challenges. As
a result, the demand for specialized medical nutrition products that can
support cancer patients during their treatment and recovery is expected to grow
significantly. Additionally, advancements in medical nutrition research and
innovation are yielding more effective and targeted nutritional solutions for
cancer patients, further fueling market growth. Furthermore, as the aging
population expands, the likelihood of cancer diagnosis increases, and this
demographic trend is expected to drive the demand for medical nutrition
products tailored to the specific needs of elderly cancer patients. With an
array of factors converging to shape this scenario, cancer is poised to play a
dominant role in shaping the dynamics of the Global Medical Nutrition Market in
the coming years.
Major companies operating in Global Medical
Nutrition Market are:
- Abbott Nutrition Ltd
- Nestle Health Science SA
- Baxter Healthcare Corp
- B Braun SE
- Danone SA
- Perrigo Co PLC
- Fresenius Kabi AG
- AYMES Nutrition
- Reckitt Benckiser Group PLC
- Ajinomoto Cambrooke Inc.
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“The global medical nutrition market is witnessing
dynamic shifts and emerging trends that are shaping the future of healthcare
and nutrition. Personalized nutrition, targeted disease management,
sustainability, digital health, innovative ingredients, functional foods,
e-commerce growth, and evolving regulatory frameworks are key factors driving
the industry forward. These trends reflect the industry's commitment to
providing effective and tailored nutritional solutions to meet the diverse and
evolving needs of individuals seeking to manage their health through nutrition,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Medical Nutrition Market By
Route of Administration (Oral and Enteral,
Parenteral), By Application (Malnutrition, Metabolic Disorders, Gastrointestinal
Diseases, Cancer, Neurological Diseases, Others), By End User (Pediatric,
Adult), By
Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Medical Nutrition Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Medical
Nutrition Market.
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