Medical Nutrition Market Analysis by Product Type (Enteral, Oral Supplements, and Parenteral Nutrition); by End Users (Pediatric, and Adult Nutrition); and by Distribution Channels (Hospitals, Retail Pharmacies, and E-commerce Websites)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031
9 Aug 2022
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
Inflation and looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Global Medical Nutrition Market Size, Forecast, and Trend Highlights Over 2022 - 2031
The global medical nutrition market is estimated to garner a revenue of USD 22.0 billion by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 15.0 billion in the year 2021. This can be attributed to the rise of several disorders, such as respiratory disorders, diabetes, dysphagia, neurological disorders, and others. According to the data stated by the National Library of Medicine in 2020, dysphagia is seen recurring among the majority of individuals, with an approximate of 4,00,000 to 8,00,000 worldwide occurrences of neurogenic dysphagia annually.
Medical nutrition is based on years of medical research on the connection between diet, nutrition, and health outcomes. It differs greatly from nutrition education, which provides general nutrition information to the public but is not intended to treat medical conditions. Medical nutrition, on the other hand, aims to teach people how to use their diet to best support their medical conditions. It not only treats existing medical conditions, but it also tries to reduce the risk of new complications.
Medical nutrition therapy is only available from a qualified dietician and can be prescribed in either a hospital or outpatient setting. Medical nutrition therapy can be as simple as designing a low-calorie diet for weight loss or as complex as prescribing a high-protein diet to promote wound healing in patients with severe burns. Medical nutrition can be a very effective component of the overall management plan for a number of common diseases, including diabetes, heart disease, cancer, digestive conditions, kidney disease, and others. This is anticipated to drive the growth of the global medical nutrition market. According to data published by the American Diabetes Association in 2019, about 11.3% (37.3 million people) of the population in the US had diabetes.
Global Medical Nutrition Market: Growth Drivers and Challenges
- Rise in Preterm Births
As per the statistics provided by the World Health Organization in 2018, approximately 15.0 million babies are born preterm and the number is rising each year.
Appropriate nutrition is essential for the growth and development of preterm infants. Early administration of optimal nutrition for preterm survivors reduces the risk of adverse health effects and improves cognition in adulthood.
- Increasing in the Number of Surgeries
According to the Agency for Healthcare Research and Quality, in 2019, 11.9 million ambulatory surgeries took place in hospital-owned facilities in the United States.
Undernutrition is common in patients hospitalized for surgery and is often unrecognized, untreated, and worsens in hospitals. The complex synergistic relationship between nutritional status and the physiological response to surgery exposes patients to high nutritional risk. Perioperative nutritional therapy to maintain nutritional status reduces postoperative complications and accelerates postoperative recovery, especially in malnourished patients.
- Increase in Lifestyle Disorders
According to the National Institute of Diabetes and Digestive and Kidney Diseases, 30.7 percent of all men and women are overweight.
Sedentary lifestyles, poor physical activity, and unhealthy food habits are some of the causes leading to lifestyle disorders such as diabetes, cardiovascular diseases, obesity, depression, and others. This is contributing to the growth of the global medical nutrition market.
- Rising Geriatric Population
As per data published by the World Health Organization, people aged 80 years or above are anticipated to reach 426 50.million between 2020 and 20
Aging leads to physical changes in the body that are more susceptible to nutritional deficiencies owing to loss of appetite, and lack of ability to chew. This is anticipated to drive the growth of the global medical nutrition market.
High Cost of Nutritional Therapy
Side Effects Caused by Medical Supplements
Lack of Awareness among People regarding Common Nutritional Deficiencies and their Adverse Effects
The global medical nutrition market is segmented and analyzed for demand and supply by distribution channels into hospitals, retail pharmacies, and E-commerce websites. The hospital segment is anticipated to garner the largest revenue by the end of 2031, as there is a rising demand for healthcare owing to the increasing cases of lifestyle-related disorders such as diabetes, cardiovascular diseases, obesity, and others. For instance, according to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), as of 2022, 6 out of every 10 Americans have at least one chronic disease, such as heart disease, stroke, cancer, or diabetes. In addition, according to the American Hospital Association statistics, the total number of hospitals in the United States had increased to 6,093 by 2022, with a total of 920,531 occupied beds.
Global Medical Nutrition Market Regional Synopsis
Regionally, the global medical nutrition market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Out of these, the market in North America is projected to hold the largest market share by the end of 2031 on the back of the growing need for medical supplements, development in various pharmaceutical companies, and growing concern about a healthy lifestyle. For instance, according to a combined data (2018-2020) published by the Centers for Disease Control and Prevention, all states and territories in the United States had more than 20% of adults with obesity.
Our in-depth analysis of the global medical nutrition market includes the following segments:
By Product Type
By Distribution Channels
Key Companies Dominating the Global Medical Nutrition Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global medical nutrition market that are included in our report are Abbott, Baxter International, Inc., Mead Johnson & Company, LLC, Sun Pharmaceutical Industries Limited, Nestle S.A., BASF SE, Koninklijke DSM N.V., GlaxoSmithKline plc, Danone S.A., Medtrition Inc., and others.
Global Medical Nutrition Market: Latest Developments
April, 2022- Abbott announced the release of Metabolic Nutrition Formula, in accordance with healthcare professionals, which would be free of charge to patients at the initial request of the U.S. FDA.
June 2022- Abbott announced the development of a Novel Continuous Glucose-Ketone Monitoring System that will ensure continuous monitoring of glucose and ketone in one sensor for diabetic patients.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Increase in the number of surgeries, increase in lifestyle disorders, and rising geriatric population are some of the factors driving the growth of the market.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2031.
High cost of nutritional therapy, side effects caused by medical supplements and lack of awareness among people regarding common nutritional deficiencies and their adverse effects.
Which region will provide more business opportunities for growth of medical nutrition market in future?
The market in North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are Abbott, Baxter International, Inc., Mead Johnson & Company, LLC, Sun Pharmaceutical Industries Limited, Nestle S.A., BASF SE, Koninklijke DSM N.V., GlaxoSmithKline plc, Danone S.A., Medtrition Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, distribution channels, end-users, and by region.
Which segment captures the largest market size in distribution channels in the medical nutrition market?
The hospitals segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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- Baxter International Inc.
- Mead Johnson & Company LLC
- Sun Pharmaceutical Industries Limited
- Nestle S.A.
- BASF SE
- Koninklijke DSM N.V.
- GlaxoSmithKline plc
- Danone S.A.
- Medtrition Inc.