Medical Nutrition Is
Gaining Traction as The Prevalence of Chronic Disorders Rises
The prevalence of chronic
diseases such as cancer, heart disease, gastrointestinal issues and
malnutrition among children and adults is increasing, as is the demand for
nutritional support. The condition's swallowing problems are significantly
promoting medical nutrition, especially as the global prevalence of
neurological disorders rises. The World Health Organisation (WHO) reports that
chronic obstructive pulmonary disease (COPD), which resulted in 3.23 Mn deaths
in 2019, is the third largest cause of death globally. According to the World
Health Organisation, COPD will be the third biggest cause of mortality by 2030.
Malnutrition is one of the most prevalent issues among COPD patients who
require medicinal nutritional support for survival. Yemen is one of the world's
worst humanitarian crises, according to UNICEF's 2023 report, with over 11 Mn
children in require one or more forms of humanitarian support. It has affected
around 2.2 Mn children who are suffering from acute malnutrition, with over
540,000 children suffering from severe acute malnutrition. The rising
prevalence of disease-related malnutrition will also boost the global medical
nutrition market.
Increasing Demand
for Personalised Medical Nutrition to Drive Market Growth
The medical nutrition industry
has seen remarkable development due to changes in food and lifestyle, such as
extended hours of work and smoking, have led to reduced nutrient absorption. As
more people become aware of nutritional value and the need of proper nutrition,
the medical nutrition value should grow even more. The industry's expansion is
further encouraged by greater recognition of the relevance of the medical
nutrition sector. Biotechnology advancements have also resulted in a revolution
in the medical nutrition industry, with prominent manufacturers focusing on
research and development of better and personalised medical nutrition
solutions. Medical nutrition solution providers are using a multidisciplinary
approach to establish centres focused on the creation of nutritional products
that meet specific demands. The future of personalised medical nutrition is
expected to be completely personalised and supported by continuous monitoring
of personalised information such as gut flora, biomarkers, or genes.
Furthermore, disease-specific specialised solutions for the medical nutrition
sector are being developed, especially in developed economies.
Specialized Formula are Enhancing the
Market Growth
Over the years, specialized
formula has been in high demand. However, standard formula is growing
rapidly due to expanding use of medical nutrition products for consumers'
general health. Consumers chose enteral medical nutrition as the most favoured
form of delivery. People with digestive issues and GI tract infections, are
recommended to take medicinal nutrition via parenteral mode of administration,
in which supplements are administered intravenously. As a result, while demand
for parenteral medicinal nutrition is not likely to rise rapidly, it will
continue to be a very appealing segment. Several medical nutrition firms are
capitalising on the popularity of parenteral formulas by adopting new
profit-generating strategies.
Side Effects and
Complications Associated with Parenteral Nutrition Products Are Likely to Be A
Challenge
The primary constraints limiting
the expansion of the medical nutrition market are adverse effects and issues
caused by medical nutrition products. For example, the National Institute of
Health released research in September 2020 indicating that nutritional
supplements include some active ingredients that can have a significant impact
on human bodies and are more likely to cause negative effects if used in higher
dosages instead of prescribed medicines. Poor reimbursement restrictions
implemented by various governments have hampered the medical nutrition
business. Furthermore, the global expansion of the medical nutrition industry
is hampered by a lack of information and stringent regulations.
Nestlé Health Sciences, Inc.
announced a US$ 43 Mn investment in January 2023 to expand its manufacturing
facilities in Eau Claire, Wisconsin. Two additional production lines will be
added as part of the investment to expand production of high-demand
ready-to-drink consumer goods. The factory manufactures a variety of medical
nutrition products, including tube feeding formulas and nutritious beverages
under the trademarks BOOST® and Carnation Breakfast Essentials®.
Solace Nutrition, Mead Johnson
and Company LLC., AYMES Nutrition International Ltd., Nestle Health Science,
Braun Melsungen AG, Abbott Nutrition, Baxter International and Danone are some
of the prominent market players operating in the global medical nutrition
market.
Increasing
Prevalence of Malnutrition Has Spurred the Expansion of The Medical Nutrition
Market in North America
North America has significant
development potential for medical nutrition market participants. The
increasing prevalence of malnutrition has fueled the growth of the medical
nutrition industry in North America. According to the USDA, more than 34 Mn
individuals in the United States are food insecure, including 9 Mn children.
Europe medical nutrition market accounts for a considerable market share owing
to the accessibility of cutting-edge treatment facilities, government
expenditures on the healthcare industry in European nations, and a growing geriatric
population. The Asia-Pacific medical nutrition market will expand at the
fastest rate. This is due to the growing geriatric population, the rapidly
expanding medical tourism industry, and rising healthcare expenses.
The report provides a detailed
overview of the medical nutrition market insights in regions including North
America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and
Africa. The country-specific assessment for medical nutrition market has been
offered for all regional market share, along with forecasts, market scope
estimates, price point assessment, and impact analysis of prominent countries
and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates
are also incorporated for every country and region, to provide a detailed view
of the medical nutrition market. These Y-o-Y projections on regional and
country-level markets brighten the political, economic and business environment
outlook, which are anticipated to have a substantial impact on the growth of
the medical nutrition market. Some key country and region included in the medical
nutrition market report as follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Medical Nutrition Market Research
Report Covers In-depth Analysis on:
·
Medical nutrition market segments
·
Medical nutrition market dynamics
·
Medical nutrition market value and share
analysis
·
Recent trends, restraints, opportunities in medical
nutrition market
·
Companies & competition involved medical
nutrition market
·
Latest technologies in medical nutrition market
·
Supply chain and value chain medical nutrition
market
·
Medical nutrition market sales and distribution
strategies
Medical Nutrition Market Growth Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Medical nutrition industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on medical nutrition market
forecast by countries
·
Essential information to enhance market position
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