Medical Nutrition Market: Flourishing on Chronic Disease Rise (5.4% CAGR) | Market Research Future | Free Sample Available

Market Overview

The Medical Nutrition Market, which was valued at USD 45.1 billion in 2021, is forecasted to increase from USD 47.53 billion in 2022 to USD 68.69 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.40% during the forecast period from 2022 to 2030.

The market's expansion is primarily propelled by the growing prevalence of metabolic disorders and the increased investment in healthcare infrastructure worldwide. These key market drivers are anticipated to significantly enhance market growth throughout the forecast period.

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Market Trends

The rising prevalence of chronic illnesses such as cancer, heart disease, gastrointestinal issues, respiratory diseases, and malnutrition in both adults and children has led to an increased demand for nutritional support. Particularly, oropharyngeal dysphagia, commonly observed in individuals with neurological conditions like multiple sclerosis, Parkinson's disease, and dementia, has underscored the importance of clinical nutrition. This trend is expected to continue as neurological illnesses become more prevalent worldwide. According to a 2022 WHO report, the number of people living with dementia is projected to reach 78 million by 2030 and 139 million by 2050.

Moreover, manufacturers are anticipated to introduce a growing array of products during the forecast period, thereby driving the expansion of the global medical nutrition market. For example, Baxter, a healthcare company, received FDA approval in September 2020 for Clinimax and Clinimax E injections. These formulations, containing amino acids with electrolytes in dextrose and calcium, respectively, are designed to provide parenteral nutrition for patients at risk of malnutrition. The introduction of such products has contributed to the growth of the medical nutrition market's compound annual growth rate (CAGR) worldwide.

Furthermore, significant advancements in treatment innovations have also played a crucial role in driving the revenue growth of the medical nutrition market. For instance, Conagen Inc., a biotechnology company specializing in ingredient bio-production for various industries, developed a sustainable proprietary lactoferrin protein in March 2020. This protein, reflecting the nutritional properties of lactoferrin found in breast milk, is produced at an industrial scale through fermentation, representing a noteworthy innovation in the field of medical nutrition.

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Competitive Insights

Key Companies in the medical nutrition market includes:

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)

Segmental Analysis:

The medical nutrition market is segmented based on type and application. Type segmentation includes elderly nutrition, pediatric nutrition, sports nutrition, and parenteral nutrition, among others. Application segmentation encompasses pediatric malnutrition, diabetes, obesity, renal failure, sarcopenia, cancer, and other conditions.

Detailed Regional Analysis:

North America holds the largest market share in the medical nutrition market, followed by Europe. The significant prevalence of chronic diseases and a relatively higher proportion of health-conscious individuals in North America and Europe contribute to market growth in these regions. The Asia Pacific region is experiencing rapid growth, driven by advancements in the healthcare sector and population growth in the region.

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Competitive Analysis:

Key success factors in the market contribute to accelerated growth during the forecast period. The long-term sustainability of the market relies heavily on the strategies and roadmaps adopted by market players. Increasing emphasis on product diversification is expanding the customer base significantly. Innovations in products and services are reshaping market dynamics. Market attractiveness and competitor strategies are enhanced through strategic deployments. Market developments have a substantial impact on overall market dynamics. Effective supply chain management integration is progressively fueling market expansion.

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