Medical Foods Market Growth Prospects, Solutions, Developments Status and Business Opportunities

[Priya Raut]

Market Overview:

Medical foods Market are custom made liquid solutions used entirely to treat consumers suffering from Alzheimer’s, diabetic neuropathy, nutritional deficiency, depression, and others. Their main function is to supply nutrients which is not available to the consumers through normal diet. They are available in different forms such as pills, powder and others for consumption. Medical foods are intended to be used under the supervision of medical and other appropriate health professionals.

Medical foods are expected to grow continuously over the estimated time with growing awareness among the consumers. Increasing issue of nutritional deficiency in the population is resulting in the prevalence of chronic diseases, which is driving the growth of the market.

Rise in global geriatric population followed by diseases associated with the growing age is propelling the market for medical foods. However, lack of awareness among the consumers leading to confusion in terms such as medical nutrition, functional foods, or nutraceuticals may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.4% of medical foods market during the forecast period 2017-2023.

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The major players in the Medical Foods Market,

Danone (France)

Nestlé (Switzerland)

Abbott (U.S.)

Mead Johnson & Company, LLC (U.S.)

Primus Pharmaceuticals Inc. (U.S.)

Targeted Medical Pharma Inc. (U.S.)

Fresenius Kabi AG (Germany)

Market Segmentation:

The global medical foods market has been divided into nutritional ingredients, form, ailment, and region.
On the Basis of Nutritional Ingredients: Vitamins Minerals, Proteins, Omega-3, Isoflavones, Phytosterols
On the Basis of Form: Pills, powders, and others
On the Basis of Ailment: Alzheimer’s Diseases, Diabetic Neuropathy, Nutritional Deficiency, and Depression
On the Basis of Region: North America, Europe, Asia Pacific, and ROW..

Regional Analysis:

The global medical foods market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the global market followed by Europe. Increasing awareness of medical foods in the U.S. and growing problem of Alzheimer’s diseases is driving the market for medical foods in this region.

Asia Pacific is projected to be the fastest growing region in which the major contributor is China. Continuous innovation and improved education towards medical foods will positively impact the market for rest of the world.

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