Global Medical Foods for Inborn Errors of Metabolism Market
Global medical foods for inborn errors of metabolism market is expected to reach USD 7,998.77 million by 2031 from USD 2,477.81 million in 2022, growing at a CAGR of 14.1% during the forecast period of 2023 to 2031.
Market Segmentation
Global Medical Foods For Inborn Errors Of Metabolism Market, By Products (Amino Acid, Low Protein Food, Glytactin with GMP Amino Acid-Modified Infant Formula with Iron, Low-Calcium/Vitamin D-Free Infant Formula with Iron, and Others), Diseases (Phenylketonuria (PKU), Ryrosinemia Types I And II, Maple Syrup Urine Disease (MSUD), Homocystinuria, Glutaric Acidemia Type I, Urea Cycle Disorders, Methylmalonic Acidemia, Isovaleric Acidemia, Organic Acidurias, Renal Disease, Propionic Academia, Disorders Of Leucine Metabolism, and Others), Age Group (Infants, Weaning, Adolescent, and Adults), Forms (Powder, Liquid, Tablets , Gels, and Others), Packaging (Can, Jar, Packets, Bottle, and Others), Distribution Channel (Retail Pharmacy, Hospital Pharmacy, Online Pharmacy, Drugs Store, and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Belgium, Denmark, Russia, Sweden, Turkey, Poland, Finland, Norway, Rest of Europe, China, Japan, India, Australia, South Korea, Thailand, Singapore, Indonesia, Malaysia, New Zealand, Vietnam, Philippines, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, Qatar, Egypt, Oman, and Rest of Middle East and Africa) – Industry Trends and Forecast to 2031
Overview of Global Medical Foods for Inborn Errors of Metabolism Market Dynamics:
Drivers
• Rising incidence of inborn errors of metabolism
• Rising preference of dietary supplements over enzyme replacement therapy
• Increase in the number of new born screening procedures
• Increasing spending on medical food products
Restraints
• High cost of medical food
• Stringent regulations for medical foods
Opportunities
• Government initiatives and programs for creating awareness about IEM
• Increasing collaboration and partnerships in the market
• Expansion of medical foods in emerging market
Challenges
• Poor accessibility of medical foods
• Alternative treatment approaches for inborn errors of metabolism
Market Players:
The key market players operating in the global medical foods for inborn errors of metabolism market are listed below: • Abbott
• Nestlé Health Science
• Meiji Holdings Co., Ltd
• Baxter
• Pristine Organics Pvt Ltd.
• Promin
• Solace Nutrition
• EBM Medical, Galen Limited
• Hexagon Nutrition Ltd.
• Kate Farms
• Ajinomoto Cambrooke, Inc.
• Mead Johnson & Company, LLC.
• Nutricia
• B. Braun SE
• Orpharma Pty Ltd.
• Piam Farmaceutici S.P.A.
• PKU-Mdmil.com
• Primus Pharmaceuticals, inc.
• Biovencer Healthcare Pvt Ltd
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