Medical Nutrition Market – Overview
The headway achieved in terms of growth by nutrition in the medical sector has opened up new avenues of growth. Market reports associated with the healthcare sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The Medical Nutrition Market Size will reach a value of USD 64.28 Billion and a CAGR of 5.4 % in the forecast period.
The rise in the detection level of diseases worldwide has prompted medical nutrition in playing a bigger role in the treatment of diseases. Awareness of the general population has increased substantially in recent years due to rising preference for organic food diets which is boosting the demand for the market. The need for specific nutrition services is expected to add further impetus to the growth of the market in the forecast period.
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Segmental Analysis
The segmentation of the medical nutrition market is segmented on the basis of type and application. The segmentation of the market on basis of type comprises of elderly nutrition, pediatric nutrition, sports nutrition and parenteral nutrition among others. The segmentation on the basis of application comprises segments such as pediatric malnutrition, diabetes, obesity, renal failure, sarcopenia, cancer and others.
Detailed Regional Analysis
The regional analysis of the medical nutrition market states that the North America region is responsible for the major market for medical nutrition which is trailed by the European region. The vast population pool that is ailing from chronic diseases and a moderately higher number of health-conscious population in the North American and European region is the key reason for the development of this market. The Asia Pacific region is the most rapidly rising segment due to the speedy development in the healthcare sector and growing population level in the region.
Competitive Analysis
The significant success factors in the market are readily achieved in the market contributing to a raised pace of development in the forecast period. The long-term viability of the market is very dependent on the techniques and the strategic roadmaps that are deployed by market players. The boosted level of importance on the variation of products is growing the number of customers in the market considerably. The innovation in products and services of the markets will modify the progression of the market noticeably. The market appeal and competitors’ tendencies are prominently improved by the strategies that are being exploited by market players. The market is meaningfully impacted by the developments that are happening in the market. The effective incorporation of supply chain management is progressively enhancing the expansion of the market.
AYMES Nutrition International Ltd. (UK), NeoMed (US), Nutricia Advanced Medical Nutrition (Netherland), Baxter International (US), Danone (France), Primus Pharmaceuticals (US), Inc., Mead Johnson & Company, LLC. (US), Abbott Nutrition (US), B. Braun Melsungen AG (Germany), Nestlé Health Science (Switzerland), Solace Nutrition (UK) and others are the eminent contenders in the market globally.
Industry Updates:
It has been recently found that Medical nutrition therapy may slow progression of CKD and reduce health care costs, data states that 90 percent of non-dialysis users never meet with a dietitian, as per a report published in the Journal of the Academy of Nutrition and Dietetics.
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