Medical Nutrition refers to therapeutic compositions specially processed or formulated and intended for the dietary management of patients. This nutrition is strictly prescribed by medical professionals and is also consumed under medical supervision. The medical nutrition market is segmented on the basis of product type, indications, flavor, end user and distribution channel. On the basis of indication, the medical nutrition market is segmented as general well-being, hepatic disorders, renal disorders, diabetes, dysphagia, oncology nutrition, neurology nutrition, IBD & GI tract disorders, respiratory disorders and others. All the indication segments are further sub segmented as enteral nutrition and parenteral nutrition. In terms of volume, enteral nutrition constitutes a much larger share in the medical nutrition market than parenteral nutrition. The prevalence of IBD & GI tract disorders is increasing at a steady rate in the Asia Pacific region, which is expected to accelerate the segmental growth of the medical nutrition market. The incidence of cancer is also expected to increase over the forecast timeframe which contributes to the growth of the global medical nutrition market. Amongst all indication segments, oncology nutrition occupies considerable share in the medical nutrition market, followed by neurology nutrition. Due to the high prevalence of cerebrovascular disorders, dementia and strokes in neurological disorders, the medical nutrition is prominently consumed by the patients suffering from these diseases.
The growth in the medical nutrition market is boosted by the growing preference of patients for Home Parenteral & Enteral Nutrition (HPEN), and the reimbursements offered to the patients for medical nutrition. The demand for better quality therapy and healthcare facilities in developed countries is also likely to fuel the growth of the medical nutrition market. Amongst the pediatric population, the consumption of medical nutrition is high amongst the infants less than 1 year of age. The average length of stay days in the hospital for the pediatric patients is relatively less than that for the adult and the geriatric population, which attributes for the higher market shares of adult and geriatric end user segments in the medical nutrition market.
In terms of revenue, the global medical nutrition market is expected to represent an incremental opportunity of 1,618.5 Mn by 2018 end over 2017. By indication, the diabetes segment market is expected to register a CAGR of 6.4 % in the medical nutrition market. The Middle East & Africa region is expected to register relatively low growth in the medical nutrition market, due to limited access to high quality care.
Drivers & Restraints:
Chronic obstructive pulmonary disease (COPD) is the one of a major causes of disability. As per the World Health Organization (WHO), COPD is considered to be one of the top causes of deaths for decades, and is expected to be increasing. It has been estimated to be responsible for the deaths of 3 Mn patients in 2015, globally. Malnutrition is considered to be one of the common problems in COPD patients who requires medical nutrition support for survival. Increasing incidence for disease-related malnutrition is also expected to drive the global medical nutrition market.
Advances in biotechnology have culminated in the revolution of the medical nutrition market as manufacturers are increasingly focusing on the research & development of better and customized medical nutrition products in the market. Hence, the development of disease-specific specialized medical nutrition products, especially in the developed countries is on the rise.
Parenteral medical nutrition therapy serves as an important therapeutic modality for the treatment and mitigation of chronic disease conditions. The prime reason for the use of parenteral medical nutrition is to cover adequate nutrition intake when oral or enteral feeding is not sufficient to meet the required nutritional needs of patients.
In many cases, due to the higher prices of parental medical nutrition, consumers may opt for oral and enteral feeding for nutrition intake, which is expected to hinder the segmental growth of the parenteral medical nutrition market.
Analysis by Region:
On the basis of region, the market in North America is anticipated to dominate the global medical nutrition market in 2017. North America is expected to gain significant market share in revenue terms by 2025 end. Moreover, U.S. is projected to exhibit significant CAGR during the forecast period, in the medical nutrition market.
Report Description for Medical Nutrition Market
This report provides forecast and analysis of the global medical nutrition market. It provides estimated data of 2018, and forecast data up to 2026 in terms of revenue (US$ Mn) and volume (metric tons). The report also includes macroeconomic indicators along with an outlook on medical nutrition for global market. It includes drivers and restraints of the global medical nutrition market and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers and opportunities for medical nutrition products. It also includes value chain analysis.
In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and medical nutrition market key players and strategy overview. The dashboard provides detailed comparison of medical nutrition manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses medical nutrition market attractiveness analysis by product type, flavor, indication, end user, distribution channel and region.
The report includes medical nutrition market company profiles and the revenue generated from the companies across North America, Latin America, Europe, Asia Pacific and the Middle East & Africa. By product type, the global medical nutrition market is segmented as standard formula and specialized formula. By indication the medical nutrition market is segmented as general well-being, renal disorders, respiratory disorders, hepatic disorders, oncology nutrition, neurology nutrition, diabetes, dysphagia, IBD & GI tract and others. All market estimation by indication is further broken down into enteral and parenteral nutrition. Furthermore, by flavor, the global medical nutrition market is segmented as regular and flavored. By end user, the global medical nutrition market is segmented as pediatric, adult and geriatric. By distribution channel, the market is segmented as direct sales and indirect sales.
For the calculation of market size, prevalence and incidence of the key indication/diseases were considered for each of the top countries. This was followed by total number of discharges in hospital and average length of stay days when medical nutrition was received by the patients was benchmarked at a country basis. For the evaluation of the consumption of medical nutrition, mean administration rate per day for different types of medical nutrition was evaluated. Product pricing has been collected at the manufacturer node to arrive at the market size for medical nutrition.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoover’s, and company annual reports and publications.
The report provides detailed competitive and company profiles of key participants operating in the global medical nutrition market. Some of the major companies operating in the global medical nutrition market are NUTRICIÓN MÉDICA SL, Meiji Holdings Co., Ltd., Medtrition Inc., Baxter International Inc., B. Braun Melsungen AG., Fresenius Kabi AG, Mead Johnson & Company, LLC, Otsuka Holdings Co., Ltd. (Parent of Otsuka Pharmaceutical)Europe Ltd., Abbott Laboratories, Danone Nutricia, Victus, Inc., Cambrooke Therapeutics, Inc., GlaxoSmithKline plc, Nestlé S.A., Kate Farms, Inc., Perrigo Company plc, Sichuan Kelun Pharmaceutical Co., Ltd., AYMES International Ltd., Pfizer Inc. and Medifood GmbH.
Global Medical Nutrition Market – By Product Type
- Standard Formula
- Specialized Formula
Global Medical Nutrition Market – By Indication
- General Well-being
- Renal Disorders
- Hepatic Disorders
- Oncology Nutrition
- IBD & GI Tract Disorders
- Neurological Disorders
- Respiratory Disorders
- Other Disorders
Global Medical Nutrition Market – By Mode of Administration
- Parenteral Nutrition
- Enteral Nutrition
Global Medical Nutrition Market – By End User
Global Medical Nutrition Market – By Flavor
- Mixed Berries
- Nut Flavors
Global Medical Nutrition Market – By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
Global Medical Nutrition Market – By Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa