The Medical Foods Market size was valued at US$ 22.23 Bn in 2022 and the total revenue is expected to grow at 5.2% through 2023 to 2029, reaching nearly US$ 31.71 Bn.
Medical Foods Market Overview:
The Medical Foods market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Medical Foods Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Drivers:
The three main growth drivers are the aging population’s preference for medicinal foods, the rising prevalence of chronic diseases, and the greater awareness of clinical nutrition among patients and healthcare professionals. The growing acceptance of healthier alternatives in daily life as medical inflation rises is another factor fostering the market’s expansion. Many patients suffer from nutritional deficiencies as a result of chronic illnesses and the negative side effects of the medications used to treat them. For instance, the nutritional deficiency is a frequent side effect of cancer treatment. Medical foods can help with these deficiencies, leading to market growth.
Segmentation:
Oral administration has a 70.9% market share in 2022. Due to the high commercial viability of orally delivered commodities and the widespread desire for orally provided medicinal meals due to their ease of use, this high percentage is the result. There are many different types of oral supplements, including pills, puddings, powders, and pre-thickened goods. Patients with Crohn’s disease can replenish their nutritional needs by using Modulen, a Nestle medical food.
by Route of Administrations
Oral
Enteral
by Product Pills
Powder
Other
by Sales
Channel Online Sales
Retail Sales
Institutional Sale
by Application
Chronic Kidney Disease
Minimal Hepatic Encephalopathy
Chemotherapy-induced Diarrhea
Pathogen Related Infections
Diabetic Neuropathy
ADHD
Depression
Alzheimer’s Disease
Nutritional Deficiency
Orphan Diseases
Other
Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Medical Foods market are as follows:
1.Danone
2.Nestle Nutrition
3.Abbott Nutrition
4.Targeted Medical Pharma, Inc.
5.Primus Pharmaceuticals, Inc.
6.Mead Johnson & Company, LLC.
7.Medtrition, Inc.
8.Fresenius Kabi AG
9.Reckitt Benckiser Group plc
10.Meiji Holdings and Co., Ltd.
11.Cerecin Inc.,
12.Metagenics, Inc.
13.Alfasigma Group
14.Dutch Medical Food
15.Agilent Technologies
16.Swiss Medical Food AG
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Medical Foods market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Medical Foods Market:
End-user industries where Medical Foods are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Medical Foods manufacturers, harming the Medical Foods market’s growth in 2020. End-user business demand for Medical Foods has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Medical Foods Market Report are:
- In 2021, which segment accounted for the most share of the Medical Foods market?
- What is the competitive landscape of the Medical Foods market?
- What are the key factors influencing Medical Foods market growth?
- In the Medical Foods market, which region has the most market share?
- What will be the CAGR of the Medical Foods market during the forecast period (2022-2027)?
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