About Medical Nutrition
Medical nutrition is a nutrition based treatment which includes checking a person's nutrition status and making sure that the person is getting right food in order to treat diseases. It may involve changes in diet of an individual or tube feeding.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
Big companies are focusing on merger and acquisition to expand their business presence. Some companies are focusing to provide tailor made nutrition that fits for a specific needs. Analyst at AMA Research estimates that United Statess Players will contribute the maximum growth to Global Medical Nutrition market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Nutrition [United States], Baxter International [United States], Mead Johnson Nutrition [United States], Danone [France], Nestle [Switzerland] and Nutricia [New Zealand] are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medical Nutrition market by Type (Enteral Nutrition and Parenteral Nutrition), Application (Infant, The Aged, People with Malnutrition and Other) and Region.
On the basis of application, Infant segment is dominating the market in the year 2023 where as The Aged segment stood as second largest market .On the basis of geography, the market of Medical Nutrition has been segmented into Americas (North America, South America), North America (United States, Canada, Mexico), Asia Pacific (China, Japan, India, South Korea, Taiwan, Rest of Asia-Pacific), Europe (Germany, France, Italy, UK, Netherlands, Rest of Europe), MEA (Middle East, Africa). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Consumer preference towards healthy and clean nutrition and Consumers are vying for ad hoc products as tailor-made products are in demand which helps cure particular disease
Market Growth Drivers:
Growing malnutrition problems among children especially in underdeveloped nation, Rising healthcare expenditure and Government initiatives regarding health prosperity
Challenges:
General perception regarding use of medical nutrition as people consider that they are meant to cure malnutrition but prevention or treatment of diseases
Restraints:
High cost of medical nutrition products, Stringent regulations regarding nutritional products as they concern health and Lack of awareness among end-user
Market Leaders and their expansionary development strategies
In January 2020, Nestle has acquired the Allergan business to expand in medical nutrition. This is a significant opportunity for our business in the United States to add a complementary product to our existing range of nutrition products that support food ingestion, digestion and absorption.
Danone launched of Fortimel, its first medical nutrition product in the adult Foods for Special Medical Purposes category in China. The launch is part of Danone’s strategy in China to leverage its scientific expertise across the life spectrum and further drive acceleration in adult medical nutrition.
Stringent government regulations are at place as each nutrition product has to go under lab test before saleStern action against those who fails to adhere as, with any food, a medical food that bears a false or misleading claim would be considered misbranded under section 403(a)(1) of the FD&C Act outlined by FDA (Food & Drug Administration)
Key Target Audience
Medical Nutrition Service Providers, Food and Beverage Industry, Healthcare Industry, Government agencies and Non-profit organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.