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 2023, surpassing its previous growth records in terms of value & volume. The market of global Medical Nutrition will grow steadily with a staggering 9.2% of a CAGR during the forecasted period of 2017-2023.

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.

The Global Medical Nutrition Market is mainly driven by the growing prevalence of diseases requiring additional nutrients and increased awareness among population about the benefits of medicated foods and beverages. Changing life style such as habitual smoking, alcohol, extended work hours and relying on fast-food has resulted into lack of adequate nutrients that is also one of the reasons contributing to the growth of medical nutrition industry market. Additionally, increasing number of geriatric populace, increasing prevalence of diseases like cardiovascular diseases and dementia are providing impetus to the growth of the market. Also increasing acceptance and adoption of infant and child nutrition as a result of changing lifestyle in the developing countries is contributing to foster the market growth of Medical Nutrition Market.

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Medical Nutrition Market Segmentation

The global medical nutrition market is segmented on the basis of type (patient demographic), product type, route of administration, application, distribution channel, and region.

By type, the global medical nutrition market is segmented into sports nutrition, pediatric nutrition, elderly nutrition, and parenteral nutrition.

By product type, the global medical nutrition market is segmented into amino acid solutions, lipid emulsions, trace elements, chamber bags, and a wide range of vitamin and antioxidant products.

By route of administration, the medical nutrition market is segmented into oral, parenteral, and others.

By application, the global medical nutrition market is segmented into parenteral malnutrition, gastrointestinal diseases, neurological diseases, pulmonary diseases, renal failure, diabetes, and cancer.

By distribution channel, the market is segmented into hospitals, retail pharmacies, compounding pharmacies, and e-commerce websites.

Medical Nutrition Market Regional Analysis

The Americas is the leading revenue generator in the global medical nutrition market and is likely to retain the position over the forecast period, followed by Europe and Asia Pacific. The growing geriatric population in the Americas, especially North America, is likely to be a major driver for the global medical nutrition market. The Asia Pacific market for medical nutrition is expected to exhibit a solid 4.5% over the forecast period from 2018 to 2023.

Medical Nutrition Market Players

Leading players in the global medical nutrition market include Grifols SA, Abbott Nutrition, Danone Nutricia, Nestlé Health Science, Bayer AG, Sanofi, Fresenius Kabi AG, Baxter Healthcare Corporation, Pfizer Inc., Danisco, Mead Johnson Nutrition Company, B. Braun Melsungen AG, and GlaxoSmithKline PLC.

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