Medical Nutrition Market Overview
The Global Medical Nutrition Market is growing with the rapid pace; mainly due the burgeoning Healthcare Sector. According to a recent study report published by the Market Research Future, The global Medical Nutrition Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2027, surpassing its previous growth records in terms of value & volume. The market of global Medical Nutrition will grow steadily with a staggering 5.4% of a CAGR during the forecasted period of 2020-2027.
Medical Nutrition Market is a therapeutic composition developed to fulfil the nutritional requirement of the patient. Medical nutrition are used during diseases like cancer, diabetes, chronic obstructive pulmonary disease (COPD), gastrointestinal disorders, immune system disorders and many more. Medical Nutrition is prescribed by a physician when a patient has special nutrient needs in order to manage a disease or health condition, and the patient is under the physician's ongoing care.
However the factors that are limiting the development of the market are high price, critical reimbursement policies enforced by the governments in various countries, stringent regularities of FDA and most importantly volatility of market. Also, easy accessibility and availability of ample low cost counterfeit products is posing as a challenge to the good brands affecting their sales eventually affecting the market growth.
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Medical Nutrition Market Segmentation
The Medical Nutrition market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Types : Comprises Paediatric Nutrition, Elderly Nutrition, Sports Nutrition, Parenteral Nutrition and Other.
Segmentation Applications : Comprises Paediatric Malnutrition, Diabetes, Obesity, Renal Failure, Sarcopenia, Cancer and other.
Segmentation By Region : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Medical Nutrition Market Regional Analysis
On regional basis, North America accounts the largest market for medical nutrition which is followed by Europe. Huge population pool that is suffering from chronic diseases and relatively more number of health conscious population in North America and Europe are the major reason for the growth of this market. North America accounts for 40% of market share. Asia Pacific is the fastest growing segment due to rapid development in healthcare sector and increasing population.
Medical Nutrition Market Players
- Solace Nutrition (U.K.)
- AYMES Nutrition International Ltd. (U.K.)
- Mead Johnson and Company LLC. (U.S.)
- Nestle Health Science (Switzerland)
- Braun Melsungen AG (Germany)
- NeoMed (U.S.)
- Abbott Nutrition (U.S.)
- Baxter International (U.S.)
- Danone (France)
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