Global Medical Foods Market to 2027
Global Medical Foods Market to 2027
Market Overview
Medical foods are formulated food products intended to be used under the supervision of medical and other healthcare professionals. They provide nutrients which are not available in normal diet for management of various diseases like ADHD, Depression, Diabetic Neuropathy, Pathogen-related Infections, Chemotherapy-induced diarrhea, Diabetic Neuropathy, Nutritional Deficiency, Orphan Diseases, Alzheimer’s Diseases, and Others.
Market Drivers
Increase in geriatric population and prevalence of chronic diseases are the key driving factors which are expected to boost the global medical food market growth. Furthermore, rise in awareness regarding clinical nutrition among patients and healthcare professionals will have the positive impact on market growth. Moreover, increase in product launch activities by key competitors will fuel the market growth. For instance, in February 2020, Galen had launched new medical food (PKU Easy Microtabs) for PKU patients. PKU is also called as phenylketonuria, which is rare inherited metabolic disorder. PKU Easy Microtabs are swallowed with liquid or eaten with cold food like jam or fruit puree.
Market Restraints
However, absence of regulations and proper standards for medical food are the restraining factors which are expected to hamper the global medical food market growth.
Market Segmentation
Global Medical Foods Market is segmented into route of administration such as Enteral, and Oral, by product such as Powder, pills, and others, and by application such as ADHD, Depression, Diabetic Neuropathy, Pathogen-related Infections, Chemotherapy-induced diarrhea, Diabetic Neuropathy, Nutritional Deficiency, Orphan Diseases, Alzheimer’s Diseases, and Others. Further, market is segmented into sales channel such as Retail Sales, Online Sales, and Institutional Sales.
Also, Global Medical Foods Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Nestlé S.A., Metagenics, Inc., Cerecin Inc, Meiji Holdings and Co., Ltd, Reckitt Benckiser Group plc, Primus Pharmaceuticals, Inc., Targeted Medical Pharma, Inc., Fresenius SE & Co. KGaA, Abbott Laboratories, and Danone S.A.
Market Taxonomy
By Route of Administration
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