Industry Background:
Medical nutrition is a nutrition based treatment which includes checking a person's nutrition status and making sure that the person is getting right food in order to treat diseases. It may involve changes in diet of an individual or tube feeding.
According to AMA Research, the market for Medical Nutrition is expected to register a CAGR of 6.0% during the forecast period to 2030. This growth is primarily driven by Growing malnutrition problems among children especially in underdeveloped nation
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Abbott Nutrition [United States], Baxter International [United States], Mead Johnson Nutrition [United States], Danone [France], Nestle [Switzerland] and Nutricia [New Zealand], etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Danone launched of Fortimel, its first medical nutrition product in the adult Foods for Special Medical Purposes category in China. The launch is part of Danone’s strategy in China to leverage its scientific expertise across the life spectrum and further drive acceleration in adult medical nutrition.Big companies are focusing on merger and acquisition to expand their business presence. Some companies are focusing to provide tailor made nutrition that fits for a specific needs.
Regulatory Insights:
Stringent government regulations are at place as each nutrition product has to go under lab test before saleStern action against those who fails to adhere as, with any food, a medical food that bears a false or misleading claim would be considered misbranded under section 403(a)(1) of the FD&C Act outlined by FDA (Food & Drug Administration)
Influencing Trend:
Consumer preference towards healthy and clean nutrition and Consumers are vying for ad hoc products as tailor-made products are in demand which helps cure particular disease
Market Growth Drivers:
Growing malnutrition problems among children especially in underdeveloped nation, Rising healthcare expenditure and Government initiatives regarding health prosperity
Challenges:
General perception regarding use of medical nutrition as people consider that they are meant to cure malnutrition but prevention or treatment of diseases
Restraints:
High cost of medical nutrition products, Stringent regulations regarding nutritional products as they concern health and Lack of awareness among end-user
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical Nutrition Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical Nutrition Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical Nutrition players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Nutrition Study Sheds Light on
The Medical Nutrition Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Nutrition industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Nutrition industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.