|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
62.20 billion
|
|
CAGR
(2023-2028)
|
7.72%
|
|
Fastest
Growing Segment
|
Oral
and Enteral
|
|
Largest
Market
|
North
America
|
Market Overview
Global
Medical Nutrition Market has valued at USD 62.20 billion in 2022 and is
anticipated to project impressive growth in the forecast period with a CAGR of 7.72%
through 2028. The global medical nutrition market encompasses a diverse range
of specialized nutritional products and supplements designed to address
specific medical conditions and nutritional needs. These products are utilized
by individuals who require tailored nutrition solutions due to various health
issues, including malnutrition, chronic diseases, gastrointestinal disorders,
and more.
Key Market Drivers
Rising
Health Awareness
In
recent years, a notable shift has occurred in how people perceive health and
wellness. There is an increasing awareness of the profound connection between
nutrition and well-being, which has significantly contributed to the growth of
the global medical nutrition market. This heightened health consciousness is
driving individuals to seek specialized nutrition solutions, making the medical
nutrition market a dynamic and rapidly expanding industry.
Rising
health awareness has prompted a paradigm shift from reactive healthcare to
proactive health management. Individuals are increasingly taking charge of
their well-being by adopting healthier lifestyles and actively seeking ways to
prevent health issues. Medical nutrition plays a crucial role in this shift,
offering a means to prevent and manage health conditions through tailored
dietary interventions.
As
people become more educated about the profound impact of nutrition on overall
health, they are more likely to explore dietary changes and nutritional
supplementation. Medical nutrition products, which are specially formulated to
address specific health needs, are seen as powerful tools for improving health
outcomes. Conditions like malnutrition, chronic diseases, gastrointestinal
disorders, and more can be positively influenced through the use of these
products.
Rising
health awareness leads to a growing demand for specialized nutritional
products. Individuals are becoming more discerning in their choice of food and
supplements, looking for options that align with their health goals. This surge
in demand drives manufacturers to innovate and offer a broader range of medical
nutrition products to meet the diverse needs of consumers.
Health-conscious
individuals are increasingly turning to healthcare professionals for guidance
on nutrition. This collaboration between patients and healthcare providers has
created a channel for recommending and prescribing medical nutrition products.
Physicians, dietitians, and other healthcare experts are better equipped to
identify the specific nutritional needs of their patients, leading to an
increased utilization of medical nutrition products.
The
advent of e-commerce and online shopping has made medical nutrition products
more accessible to consumers. People can conveniently browse through a variety
of products, compare options, and make informed choices. The ease of online
purchasing has broadened the market's reach, making specialized nutrition
products available to a wider audience.
Manufacturers
in the medical nutrition industry are diversifying their product lines to cater
to the growing health-conscious consumer base. This diversification includes
the development of more palatable and convenient options, such as tasty meal
replacement shakes and convenient dietary supplements. These innovations make
it easier for individuals to incorporate medical nutrition products into their
daily routines.
As
health awareness increases, consumers and healthcare professionals expect high
standards of safety and efficacy in medical nutrition products. Regulatory
authorities, such as the FDA in the United States, have implemented stringent
quality standards. This assures consumers that the products they choose are of
the highest quality, further boosting the credibility and growth of the market.
Chronic
Diseases Epidemic
The
global medical nutrition market is witnessing significant expansion, and one of
the prominent factors driving this growth is the escalating epidemic of chronic
diseases. Chronic diseases, including diabetes, cardiovascular diseases,
obesity, cancer, and more, are increasingly prevalent worldwide. This rising
health crisis has not only heightened awareness of the critical role of
nutrition in disease management but also catalyzed the demand for specialized
nutritional interventions.
The
surge in chronic diseases is a global concern. Lifestyle factors, including
poor dietary choices, sedentary behavior, and stress, have contributed to the
increasing incidence of conditions like type 2 diabetes, heart disease, and
certain types of cancer. As the number of individuals affected by these
ailments continues to rise, there is a growing need for comprehensive
management strategies.
Nutrition
plays a pivotal role in the prevention and management of chronic diseases. A
balanced diet, rich in essential nutrients, can help control blood sugar
levels, reduce the risk of heart disease, and aid in weight management.
Individuals diagnosed with chronic conditions are often required to make
specific dietary changes to improve their health outcomes.
The
global medical nutrition market offers a wide range of specialized products
designed to address the unique dietary requirements of individuals with chronic
diseases. These products are formulated with precision, considering the
specific nutritional needs and dietary restrictions of patients. This tailoring
is instrumental in helping individuals manage their conditions more
effectively.
Manufacturers
in the medical nutrition industry are developing an array of products tailored
to specific chronic diseases. For instance, there are nutritionally complete
shakes for individuals with diabetes, heart-healthy dietary supplements, and
products for cancer patients experiencing weight loss and malnutrition. These
disease-targeted nutritional solutions cater to the needs of a diverse patient
population.
Healthcare
providers, including physicians, dietitians, and nurses, recognize the
significance of nutrition in chronic disease management. They play a crucial
role in prescribing and recommending medical nutrition products to their
patients. This collaboration between healthcare professionals and patients not
only boosts product utilization but also enhances the credibility of medical
nutrition in the healthcare ecosystem.
As
the understanding of nutrition's impact on chronic diseases deepens, dietary
guidelines are evolving. Healthcare organizations and government agencies are
emphasizing the role of nutrition in disease management. This has a ripple
effect, influencing both healthcare professionals and patients to consider
medical nutrition as an integral part of disease management.
The
increasing prevalence of chronic diseases has spurred research and development
efforts in the medical nutrition industry. Manufacturers are constantly
innovating, formulating products with enhanced nutritional profiles and better
taste to cater to the evolving needs of patients. This innovation helps
individuals better adhere to their dietary recommendations.
Customized
Nutrition Solutions
The
global medical nutrition market is experiencing a significant upswing in
growth, and a key driver behind this expansion is the increasing demand for
customized nutrition solutions. These specialized products are tailored to meet
the unique dietary needs of individuals facing a wide range of health
challenges, ranging from malnutrition to chronic diseases. The marriage of
personalized nutrition with healthcare is transforming the landscape and
fueling market growth.
The
concept of personalized nutrition revolves around the idea that one size does
not fit all when it comes to dietary needs. Factors such as age, gender,
medical conditions, and genetic predispositions can all impact an individual's
nutritional requirements. Customized nutrition aims to deliver precisely what
the body needs, optimizing health outcomes.
Many
individuals today are dealing with health conditions that necessitate specific
dietary adjustments. Whether it's a cancer patient undergoing treatment, a
diabetic individual managing blood sugar levels, or someone with food
allergies, customized nutrition solutions are becoming indispensable for
improving their quality of life.
Customized
nutrition solutions address the individualized dietary needs of patients. These
products are formulated to provide the exact nutrients, vitamins, and minerals
necessary to support health and well-being, all while considering any dietary
restrictions or sensitivities.
Customized
nutrition often involves a collaborative approach with healthcare
professionals. Physicians, dietitians, and nutritionists play a vital role in
assessing an individual's health status and recommending the most appropriate
medical nutrition products. This partnership between patients and healthcare
providers enhances the credibility of these solutions.
The
global medical nutrition market has responded to the demand for customized
solutions by diversifying its product portfolio. Today, there are a variety of
offerings, including enteral nutrition, parenteral nutrition, dietary
supplements, and functional foods. This diversity ensures that there is a
product tailored to virtually every need, expanding the market's reach.
The
increasing popularity of customized nutrition has spurred innovation within the
industry. Manufacturers are investing in research and development to create
products that are not only nutritionally sound but also palatable and
convenient. This innovation is essential for improving patient compliance and
satisfaction.
Stringent
regulations and quality standards, such as those enforced by the FDA and other
regulatory bodies, are crucial for ensuring the safety and efficacy of medical
nutrition products. Patients and healthcare professionals alike can have
confidence in the quality and reliability of these specialized nutrition
solutions.
E-commerce
Revolution
The
global medical nutrition market is experiencing remarkable growth, and one of
the key drivers behind this expansion is the transformative influence of
e-commerce and modern distribution channels. As technology continues to reshape
the way clients shop and access healthcare products, the medical nutrition
industry has seized the opportunity to make its products more accessible and
convenient to a broader audience.
E-commerce
platforms offer unparalleled convenience for consumers. Individuals seeking
medical nutrition products can browse a vast selection, compare options, and
make purchases from the comfort of their homes. This accessibility removes
geographical barriers and allows individuals in remote areas to access these
products without the need for a physical store.
E-commerce
platforms provide a diverse array of medical nutrition products, from dietary
supplements and enteral nutrition to functional foods. This broad range caters
to various health conditions and dietary preferences, ensuring there's a
product for everyone.
Online
platforms provide detailed product information and user reviews, allowing
consumers to make informed decisions. Patients and caregivers can research and
compare different medical nutrition products, helping them choose the most
suitable options for their specific needs.
Medical
conditions can be sensitive topics, and some individuals may prefer to maintain
privacy when purchasing medical nutrition products. E-commerce platforms offer
discreet shopping experiences, allowing customers to order products without the
need for in-person interactions.
E-commerce
transcends geographical boundaries, making medical nutrition products
accessible to consumers worldwide. This expanded market reach allows
manufacturers to tap into a more extensive and diverse customer base, further
fueling market growth.
The
digital marketplace fosters healthy competition among manufacturers and
suppliers. To stand out in the crowded online space, companies are incentivized
to innovate, creating new and improved medical nutrition products. This
environment benefits consumers by offering a broader selection of high-quality
options.
Modern
distribution channels, including e-commerce, have revolutionized supply chain
logistics. These innovations streamline the process of getting medical
nutrition products from manufacturers to consumers, reducing costs and
improving product availability.
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Key Market
Challenges
Stringent
Quality Assurance
Quality
assurance is paramount in the medical nutrition market. Ensuring the safety and
efficacy of these products is a complex process, with strict standards set by
regulatory agencies such as the U.S. Food and Drug Administration (FDA) and the
European Food Safety Authority (EFSA). Adherence to these standards is
essential to maintain consumer trust, which can be a challenge for smaller
manufacturers and new entrants in the market.
Changing
Healthcare Landscape
The
global healthcare landscape is constantly evolving. With the advent of
telemedicine, increased focus on preventive care, and shifts in healthcare
reimbursement models, the way medical nutrition products are prescribed and
integrated into patient care is changing. This dynamic environment can be
challenging to navigate, requiring manufacturers and healthcare professionals
to adapt to new models of healthcare delivery.
Evolving
Dietary Guidelines
Dietary
guidelines and recommendations are constantly evolving based on new research
and scientific findings. Manufacturers must stay up to date with these changes
and adjust their product formulations and marketing strategies accordingly.
Ensuring that medical nutrition products align with the latest dietary
guidelines can be a continuous challenge.
Key Market Trends
Personalized
Nutrition
Personalization
is a dominant trend across the food and nutrition industry, and medical
nutrition is no exception. The future of medical nutrition is increasingly
individualized, with tailored solutions that account for a person's unique
health status, dietary preferences, and genetics. This trend is enabled by the
growing understanding of nutrigenomics, which explores how an individual's
genes interact with their diet, allowing for precision nutrition
recommendations.
Sustainable
and Plant-Based Options
Sustainability
and environmental concerns are influencing product choices in the medical
nutrition market. More consumers are seeking plant-based, sustainable, and
environmentally friendly options. As a result, manufacturers are developing
products that cater to this demand, such as plant-based protein shakes and
supplements that have a lower ecological footprint.
Inclusion
of Functional Foods
Functional
foods, which are fortified with added health benefits, are gaining popularity
in the medical nutrition market. These foods offer a convenient and enjoyable
way for individuals to meet their specific dietary needs. Examples include
fortified yogurt for digestive health and fortified cereals for cardiovascular
health.
Segmental Insights
Route
of Administration Insights
Based
on the category of 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.
Enteral
therapy involves specialized liquid feedings that contain essential nutrients
like protein, carbohydrates, fats, vitamins, and minerals required for
sustaining life. These nutritional support products are custom-formulated to
meet individual needs, catering to a range of disease states and conditions.
Additionally, the majority of conditions for which oral administration of
clinical nutrition is employed are chronic or non-acute in nature.
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.
Market
growth is further spurred by initiatives undertaken by key industry players. An
illustrative instance is the partnership between NutiFood and BASF in April
2021, where NutiFood, as the first Vietnamese dairy company, collaborated with
a European corporation to introduce Human Milk Oligosaccharides (HMO) products
into its nutrition product lineup. These products are designed for consumption
through oral ingestion.
Application
Insights
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.
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Regional Insights
In
the Clinical Nutrition Market, North America holds a substantial share and is
expected to continue this trend over the forecast period. North America's contribution
to market growth surpasses that of other regions. The emergence of the COVID-19
pandemic has caused shortages in clinical nutritional products within this
region. According to data from the American Society for Parenteral and Enteral
Nutrition (ASPEN) as of January 2021, there are shortages of certain parenteral
products, including adult and pediatric multi-vitamin infusion, amino acids,
potassium acetate injection, USP, sodium acetate injection, USP, and sodium
chloride, with a shortage rate of 23.4% for injections.
To
meet the changing demands driven by shifts in consumer buying behavior due to
the COVID-19 pandemic, manufacturers have increased production and are
collaborating with retailers and government agencies to ensure the continued
availability of oral clinical nutrition products. Several key factors
contribute to the growth of the clinical nutrition market, including the
increasing prevalence of metabolic disorders. For instance, as reported in a
government of Canada press release in August 2021, diabetes is a significant
chronic disease affecting Canadians, with over 3 million Canadians, or 8.8% of
the population, diagnosed with diabetes, and 6.1% of Canadian adults being at
high risk of developing diabetes as of August 2021. These conditions
necessitate long-term clinical nutritional support, making diseases like
diabetes a key driver of market growth in the forecast period.
Recent Developments
- In
October 2022, Hologram Sciences and Maeil Health Nutrition formed a strategic
alliance aimed at providing customized nutrition solutions to the Korean
market.
- In
April 2022, Glanbia Nutritionals introduced TechVantage, a technology platform
specifically designed to optimize functional nutrients, offering customers
access to tailored nutrient solutions.
Key Market Players
- 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.
|
By Route of Administration
|
By Application
|
By End User
|
By Region
|
- Oral and Enteral
- Parenteral
|
- Malnutrition
- Metabolic Disorders
- Gastrointestinal Diseases
- Cancer
- Neurological Diseases
- Others
|
|
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
|
Report
Scope:
In
this report, the Global Medical Nutrition Market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- Medical Nutrition Market, By Route of Administration:
o Oral and Enteral
o Parenteral
- Medical Nutrition Market, By Application:
o Malnutrition
o Metabolic Disorders
o Gastrointestinal Diseases
o Cancer
o Neurological Diseases
o Others
- Medical Nutrition Market, By End User:
o
Pediatric
o
Adult
- Medical Nutrition Market, By
Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ Germany
§ United Kingdom
§ France
§ Italy
§ Spain
o Asia-Pacific
§ China
§ Japan
§ India
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Global Medical Nutrition Market.
Available
Customizations:
Global
Medical Nutrition market report with the given market data, Tech Sci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Global
Medical Nutrition Market is an upcoming report to be released soon. If you wish
an early delivery of this report or want to confirm the date of release, please
contact us at [email protected]