Medical foods will continue to grow in importance over the coming years.
There is an increasing prevalence of chronic diseases that are candidates for treatment with medical foods, such as: depression, sleep disorders, posttraumatic stress disorders, obesity, Alzheimer’s, osteoporosis, and fibromyalgia.Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124839/Medical-Foods-Market The industry has grown manifolds in last two decades, with most of the growth folding post 2010.
Healthcare expenditure has increased not only in developed economies but also developing regions.
Various big companies along with emerging entrants are making foray in the market with different go-to-market strategies.The global medical food market is driven by a rise in geriatric population and increase in burden of chronic diseases around the globe.
There is a shifting trend toward enteral nutrition (absorption through the gastrointestinal tract) methods rather than parenteral nutrition absorption such as intravenous administration.In terms of application, the market can be divided into diabetes management, bone & joint related diseases, Alzheimer disease, depression, medical foods for inborn errors, gastrointestinal diseases, and others.
The diabetes management segment held a major market share in 2017, and the trend is expected to continue during forecast period.