Market Research Future published a half-cooked research report on global medical nutrition market. Global Medical Nutrition Market Is Growing At A CAGR Of 9.2 % During Forecasted Period 2017-2023
Medical nutrition is nutrition supplements to fulfill the unmet need of nutrition in the body. These are used in the treatment of gastrointestinal disorders, immune system disorders, diabetes, malnutrition and many more. Increasing population suffering from this diseases has the major impact on the growth of medical nutrition market. Increased awareness among population about the benefits of medicated foods and beverages, changing life style, extended work hours and relying on fast food is responsible for the lack of adequate nutrients which has ultimately increase this market. Global medical nutrition market is expected to grow at a CAGR of 9.2% during forecasted period 2017-2023.
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Geographically, North America commands the largest market for medical nutrition market. Huge population suffering from diabetes and renal diseases has led to boost this market in North America. Europe is the second leading market for the medical nutrition followed by Asia Pacific. Asia Pacific region accounts the fastest growth for medical nutrition market. India and China are the major contributor for the market in Asia Pacific region due to rising awareness about health amounts the people and huge population base. Middle East and Africa accounts the least market for the medical nutrition.
Global medical nutrition market is segmented on basis of type into pediatric nutrition, elderly nutrition, sports nutrition and parenteral nutrition and others. On the basis of application the market is segmented into pediatric malnutrition, diabetes, obesity, renal failure, sarcopenia, cancer and others.
The major key player for the global medical nutrition market are Abbott Nutrition (US), AYMES Nutrition International Ltd. (UK), NeoMed (US), Baxter International (US), Danone (France), B. Braun Melsungen AG (Germany), Mead Johnson & Company, LLC. (US), Nestlé Health Science (Switzerland), Nutricia Advanced Medical Nutrition (Netherland), Primus Pharmaceuticals (US), Inc., Solace Nutrition (UK) and others.
Some of the key strategies adopted by these players are agreements and collaborations, mergers and acquisitions, and new product launches. These strategies are expected to yield robust performing products and help in creating an awareness regarding medical nutrition in the untapped markets.
Abbott Nutrition supports healthcare professionals with research, information, and products to help patients live a healthier and better life. It is headquartered in US. NEPRO and ENSURE are the major products help meet the nutritional needs of patients on dialysis or any specific nutritional goals. Abbott Laboratories has reported that in 4Q15, 1.8 billion was generated through the company’s Nutrition segment, which accounts for about 35% of Abbott’s total revenues.
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Danone is a French multinational food-products corporation based in France. They bought the medical nutrition unit as part of the 12.3 billion euros acquisition of Dutch baby food company Numico in 2007. With 2013 sales of 1.3 billion which is 6.3 percent of group sales. Danone introduced, SYNEO which is the first and only hypoallergenic formula containing a unique blend of both prebiotics and probiotics for the infants suffering from cow’s milk allergy, multiple food allergies, and related gastrointestinal conditions.
In 2015, Nestlé Health Science has announced its collaboration with GE Healthcare to improve nutrition monitoring for critically-ill patients. RESOURCE, BOOST, PRONOURISH are some of the major product of the company. Nestlé Health Science has acquired Vitaflo headquartered in UK to establish a foothold in the fast-growing market for uniquely formulated products. It has 2nd largest market in US and 1st in Canada.
On regional basis, North America accounts the largest market for medical nutrition which is followed by Europe. Huge population pool that is suffering from chronic diseases and relatively more number of health conscious population in North America and Europe are the major reason for the growth of this market. Asia Pacific is the fastest growing segment due to rapid development in healthcare sector and increasing population.
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TABLE OF CONTENTS
2 RESEARCH METHODOLOGY
3 MARKET DYNAMICS
4 MARKET FACTOR ANALYSIS
5. GLOBAL MEDICAL NUTRITION MARKET, BY TYPE
6. GLOBAL MEDICAL NUTRITION MARKET, BY APPLICATION
7. GLOBAL MEDICAL NUTRITION MARKET, BY REGION
8. COMPETITIVE LANDSCAPE
9 COMPANY PROFILE
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