Medical (Clinical) Nutrition Market Research Analysis by Type (Pediatric Nutrition, Parenteral Nutrition, Elderly Nutrition and Sport Nutrition), by Product Type (Amino Acid Solution, Multiple Vitamins and Antioxidants, Lipid Emulsion, Trace Elements and Chamber Bags), by Route of Administration (Parenteral and Oral), by Application (Pediatric Malnutrition, Gastrointestinal Diseases, Renal Failure, Cancer, Pulmonary Diseases, Diabetes and Neurological Diseases), by Distribution Channel (Hospitals, Compounding Pharmacy, Retail Pharmacy and E-Commerce Websites) - Global Forecast till 2027
The global medical nutrition market is expected to exhibit a CAGR of 5% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global medical nutrition market is mainly driven by the growing awareness about the sector, which has become important in the modern world due to the increasing awareness about the importance of nutrition and proper dietary intake in warding off diseases. The report provides readers with a comprehensive overview of the market, analyzing the market with the help of detailed statistics and analytical models. Reliable analytical models are used to make sense of the global medical nutrition market’s trajectory. Leading drivers and restraints affecting the global medical nutrition market are profiled in the report.
Medical nutrition is a field of medicine comprising nutrition models made especially for patients suffering from specific diseases. Medical nutrition is especially important when patients are suffering from diseases that are affected by the patient’s dietary intake, such as gastrointestinal diseases, autoimmune diseases, and cancer. Medical nutrition experts come up with specific diet plans for patients intended to make them recuperate and rehabilitate in the lowest possible time. Lifestyle changes such as the increasing reliance on fast food, increasing adherence to smoking and alcoholism, and the increasing prevalence of obesity have led to a growing demand from the medical nutrition market. Increasing awareness about medical nutrition and the increasing recognition of the unhealthy impact of the consumers’ lifestyle choices are likely to be the major drivers for the global medical nutrition market over the forecast period.
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On the other hand, the high costs of medical nutrition products are likely to be a major restraint against the global medical nutrition market. Lack of reimbursement support for medical nutrition programs is also a major restraint against the global medical nutrition market.
Competitive Analysis:
Leading players in the global medical nutrition market include Fresenius Kabi AG, B. Braun Melsungen AG, Grifols SA, Danisco (DuPont), Danone Nutricia, Bayer AG, Mead Johnson Nutrition Company, GlaxoSmithKline plc, Abbott Nutrition, Pfizer Inc., Sanofi, Baxter Healthcare Corporation, and Nestle Health Science.
In October 2019, Nestle Health Science acquired Persona, a personalized vitamin program based on a delivery model.
Segmentation:
The global medical nutrition market is segmented on the basis of type, product type, route of administration, application, distribution channel, and region.
By type, the global medical nutrition market is segmented into pediatric nutrition, elderly nutrition, parenteral nutrition, and sports nutrition. Pediatric nutrition accounted for the highest market share of 30.2% in 2017 and is likely to remain the leading segment through the forecast period due to the high rate of premature births in emerging countries. Parenteral nutrition is also a leading segment in the global medical nutrition market.
By product type, the global medical nutrition market is segmented into amino acid solutions, multiple vitamins, antioxidants, lipid emulsions, trace elements, and chamber bags. The amino acid segment held the largest share in the global medical nutrition market in 2017, but the lipid emulsions segment is likely to exhibit the highest CAGR over the forecast period.
By route of administration, the global medical nutrition market is segmented into parenteral, oral, and others.
By application, the market is segmented into cancer, pulmonary diseases, gastrointestinal diseases, diabetes, obesity, pediatric malnutrition, renal failure, and neurological diseases.
By distribution channel, the global medical nutrition market is segmented into hospitals, compounding pharmacies, retail pharmacies, and ecommerce websites.
Regional Analysis:
The Americas is the leading revenue generator in the global medical nutrition market and is likely to retain the position over the forecast period, followed by Europe and Asia Pacific. The growing geriatric population in the Americas, especially North America, is likely to be a major driver for the global medical nutrition market. The Asia Pacific market for medical nutrition is expected to exhibit a solid 4.5% over the forecast period from 2018 to 2023.
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