Pharmaceuticals

The U.S. Medical Foods Market is Estimated to Witness High Growth Owing to Opportunity of Increased Clinical Applications

Purvaja

The U.S. Medical Foods Market is Estimated to Witness High Growth Owing to Opportunity of Increased Clinical Applications

Medical foods are specially formulated and intended for the dietary management of a disease or condition and their nutritional requirements. Medical foods are generally used under medical supervision. This allows for precise blending of nutrients tailored to the metabolic needs of patients with specific disease states. The growing prevalence of chronic and lifestyle associated diseases such as diabetes, cardiovascular diseases, cancer and neurological disorders has raised awareness about specialty nutrition products which aid in clinical management of such conditions.

The global U.S. Medical Foods Market is estimated to be valued at US$ 22328.51 Mn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The opportunity of increased clinical applications presents lucrative prospects for growth of the U.S. medical foods market. With growing research validating effectiveness of medical foods in management of various diseases, the scope of clinical applications for these specialty products is expanding. Many medical foods are now prescribed as an adjunct to pharmaceutical medications for conditions like diabetes, Alzheimer's disease, hepatological disorders etc. The targeted delivery of nutrients helps alleviate symptoms and supports recovery. This is expected to drive increased adoption among healthcare professionals and patients. With continued approval for new indications, the market opportunity for medical foods in disease management is projected to rise significantly over the forecast period.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate due to the stringent regulations and standards required to establish in the medical foods market in the US. However, established companies can enter new product segments with their brand value and distribution channels.

Bargaining power of buyers: The bargaining power of buyers like retailers, healthcare facilities and individual consumers is high due to the availability of substitutes and dependency on medical insurance for purchase. Buyers can negotiate on price and demand promotional offers.

Bargaining power of suppliers: The bargaining power of suppliers like ingredients manufacturers and contract manufacturers is moderate due to the differentiated products and regulated supply chain for medical foods. Suppliers have to meet quality and safety standards.

Threat of new substitutes: The threat of new substitutes like pills, supplements and nutraceuticals is high as they provide similar health benefits and are available over the counter. Customers may switch to lower cost alternatives.

Competitive rivalry: The competitive rivalry is high due to the presence of many global and regional players offering similar types of products. Players compete on brand value, innovation, quality, promotions and customer service.

SWOT Analysis

Strengths: High demand for specialized medical nutrition therapy. Stringent regulations ensure quality and efficacy. Established brand names inspire trust.

Weaknesses: High research and production costs. Supply chain complexities increase expenses. Limited consumer awareness about applications and benefits.

Opportunities: Growth in aging population and chronic diseases. Rising healthcare expenditures create market potential. Scope for new product innovation tailored to conditions.

Threats: Stiff competition from nutraceuticals and supplements. Economic slowdowns can reduce discretionary spending. Stringent regulations delay product launches.

Key Takeaways

The U.S. Medical Foods Market Size is projected to witness high growth during the forecast period due to the increasing incidence of chronic and degenerative diseases. The aging population in the country also drives the demand for dietary management in disease treatment. The global U.S. Medical Foods Market is estimated to be valued at US$ 22328.51 Mn in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030.

Western region currently dominates the U.S. market due to higher healthcare spending and growing health consciousness. States like California and Washington are major markets with increasing uptake of specialized nutrition products.

Key players operating in the U.S. medical foods market are Enterome SA, Yakult Honsha Co., Ltd., Abbott, ExeGi Pharma, LLC, VSL Pharmaceuticals, Inc., Entera Health, Inc., Meiji Holdings Co., Ltd., Danone. Players focus on new product development, partnerships, and expanding into fast growing segments like medical nutrition therapy and pediatric nutrition.

For more insights, Read- https://www.insightprobing.com/u-s-medical-foods-market-size-and-share/

Purvaja

U.S. Medical Foods Market Is Estimated To Witness High Growth Owing To Opportunity In Addressing Metabolic Disorders

Leena Shedmake 2024-02-01

These food products are intended for dietary management of metabolic and other specific disorders and injuries. The growing prevalence of various metabolic disorders such as diabetes, obesity, inherited metabolic disorders, etc. in the US creates a large patient base requiring specialized medical foods. Moreover, rising awareness about medical nutrition therapy and its benefits in clinical management also drives the demand for innovative medical foods formulations among healthcare professionals and patients. Threat of new substitutes: Low as medical foods address specific health conditions better than standard foods.

U.S. Medical Foods Market Will Grow At Highest Pace Owing To Rising Prevalence Of Metabolic Disorders

Poonam 2024-02-23

The U. The U. The demand for medical foods is increasing rapidly due to rising prevalence of metabolic disorders such as diabetes, renal disorders, neurological diseases, gastrointestinal diseases, and others. - Growth in e-commerce: Online sales of medical foods are gaining traction due to the convenience offered. Telehealth also became popular for consultation with dieticians and recommendation of appropriate medical foods. Research is ongoing to better understand nutrient deficiencies caused by COVID and design medical foods to address them.

Global U.S. Medical Foods Market Growth Accelerated by Advanced Protein Technology

Sneha 2024-01-03

The global U. Among product types, the amino acid-based segment dominates the market owing to increasing prevalence of inborn errors of metabolism requiring specialized medical foods. By route of administration, the oral segment holds the highest share as oral medical foods are more effective and convenient for long-term consumption. Hospital pharmacies are the major distribution channel for medical foods as patients require recommendations from physicians for specialized dietary requirements. The global U. , Sunfed, VBites Foods Limited, Kraft Foods, Inc.

Medical Foods Market Size, Share, Demand and Analysis Research Report 2022- By Application, By Type, By Sales Channel -Business Trends, Competitive Strategies and Forecast to 2030: SPER Market Research

varsha shrivastav 2022-12-28

The market for medical foods is enlarging to geographical regions where approaches for nutritional care are not present. A majority of the medical foods market is concentrated in geographical places likewise Europe, and the U. These forms of initiatives affect the complete market, where market participants benefit from plans that assist the complete medical foods market. According to the SPER market research, ‘Medical Foods Market- By Application, By Type, By Sales Channel -Regional Outlook, Competitive Strategies and Segment Forecast to 2030’ states the medical foods market is predicted to reach USD 34. In addition, the existence of chronic ailments likewise diabetes and cancer are positively propelling the sales of medical foods.

U.S. Medical Foods: Helping Patients Manage Medical Conditions through Specialized Nutrition

Ishika cmi 2024-03-01

The United States medical foods plays a critical role in helping patients manage various medical conditions through specialized nutrition. Special low-protein medical foods provide phenylalanine-free formulae and other protein substitutes to help keep levels within the target range. Adhering to a PKU diet throughout life with medical foods allows individuals to avoid neurological complications while living healthy lives. Adhering to the prescribed medical foods regimen empowers patients to proactively support their recovery and long-term heart health through specialized nutrition. The Future of Medical Foods As research on nutrition and its impact on health advances, the role of medical foods is increasing.

Medical Foods Market Size, Share, Trends, Demand And Forecast 2027

Market Research 2022-01-06

4% of medical foods market during the forecast period 2017-2023. Based on the form, medical foods market is segmented into pills, powder and others. Competitive Analysis:The major players in the Medical Foods Market,Danone (France)Nestlé (Switzerland)Abbott (U. com/reports/medical-foods-market-4915Market Segmentation:Medical foods market is segmented on the basis of nutritional ingredients, form, ailment and the region. About US:Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Global Medical Foods Market is projected to be worth USD 2788 million by 2030

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According to sper market research, the Medical Foods Market research report is one of a new line of reports from The Business Research Company that offers statistics on the medical foods market, such as the global market size of the medical foods industry, regional shares, competitors with a medical foods market share, in-depth medical foods market segments, market trends and opportunities, and any additional information you may need to succeed in the medical foods industry. Request sample pages for Global Medical Foods Market report and gain crucial industry insights that will help your business grow at: https://www. sample=1Market Overview (2022-2030) Forecast CAGR (2022-2030): 5. 5% Forecast Market Size (2030): 34. About Company:SPER Market Research® is one of the world’s most trusted market research, market intelligence, and consulting companies offering strategic research, custom research, market intelligence solutions, quantitative data collection, qualitative fieldwork, online research panel, and consumer research.

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According to the report, the global medical foods market was valued at US$ 18 Bn in 2018 and is projected to grow at a rapid pace from 2019 to 2027.

The current opinion among the public is that medical foods have the therapeutic potential to prevent and treat a long list of disorders.

The prevailing belief is that it is mainly young people that use medical food products.

The distinctive nutritional requirements associated with a disease reflect the overall amount a healthy person requires to sustain life or preserve homeostasis, modified for the distinctive changes in the patient's nutritional needs as a result of the disease process's effects on absorption, metabolism, and excretion.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=45447Shift to Enteral Nutrition to Drive Medical Foods MarketThe nutrition administration has seen a change in the trend from parenteral feed absorption to enteral feeding (absorption through the gastrointestinal tract) methods such as intravenous administration.

Enteral administration is better than parenteral administration due to low chance of contamination and physiological advantages such as retaining small intestine mass and pancreatic function.

Nutrients or medical foods can be delivered to the body in various formats such as capsules or tablets instead of sterile liquids or rehydratable powders, owing to technological advances such as the availability of chemical constituents to allow microencapsulation.Powder Type to Lead Global MarketIn terms of product type, the global medical foods market has been classified into pills, powder, liquids, and others.

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The medical foods for orphan diseases market size is expected to see strong growth in the next few years. The rising incidence of orphan diseases is expected to propel the growth of medical foods for the orphan diseases market going forward. Hence, the rising incidence of orphan diseases contributes to the growth of the medical foods for orphan diseases market. Therefore, the increasing prevalence of orphan diseases is driving the medical foods for orphan diseases market. Major companies operating in the medical foods for orphan diseases market are introducing innovative products to sustain their position in the market.

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The Medical Foods Market Growth Trends, Current Demand, and Development Report, Revenue and Forecast 2029

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