MarkWide Research

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 310-961-4489

24/7 Customer Support

All our reports can be tailored to meet our clients’ specific requirements, including segments, key players and major regions,etc.

Medical Nutrition Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032

Published Date: April, 2024
Base Year: 2023
Delivery Format: PDF+ Excel
Historical Year: 2017-2023
No of Pages: 263
Forecast Year: 2024-2032
SKU 1bb9237f0688 Category

Corporate User License

$3,450.00

The medical nutrition market refers to the production and distribution of nutritionally complete medical food products, supplements, and enteral and parenteral nutrition for people with various medical conditions. Medical nutrition products are specially formulated for patients with specific nutritional requirements, including those with chronic diseases, digestive disorders, cancer, and other medical conditions.

The medical nutrition market is a rapidly growing segment of the global healthcare industry, with significant growth potential. According to a recent report by MWR, the global medical nutrition market is expected to reach a value of USD 52.3 billion by 2025, registering a CAGR of 5.3% during the forecast period.

Medical nutrition refers to a specialized category of food products that are formulated to provide essential nutrients to people with medical conditions that affect their nutritional requirements. Medical nutrition products are prescribed by healthcare professionals to help manage and improve various medical conditions.

The use of medical nutrition products has become increasingly important in recent years, as more people are diagnosed with chronic diseases such as diabetes, cardiovascular disease, and cancer. These conditions require specialized nutritional support to manage symptoms and improve health outcomes.

Executive Summary

The global medical nutrition market is a rapidly growing segment of the healthcare industry, driven by the rising prevalence of chronic diseases and the growing aging population. The market is expected to reach a value of USD 52.3 billion by 2025, registering a CAGR of 5.3% during the forecast period.

The key drivers of the medical nutrition market include the increasing demand for specialized nutrition products, the rising awareness about the benefits of medical nutrition, and the growing focus on disease prevention and management. However, the market is also facing several challenges, including the high cost of medical nutrition products, the lack of awareness about medical nutrition, and the regulatory hurdles.

Medical Nutrition Market

Key Market Insights

The global medical nutrition market is segmented based on product type, distribution channel, and medical condition. The product type segment includes enteral nutrition, parenteral nutrition, infant nutrition, and others. The distribution channel segment includes hospitals, retail pharmacies, and online pharmacies. The medical condition segment includes diabetes, cancer, cardiovascular disease, gastrointestinal disorders, and others.

The enteral nutrition segment is expected to dominate the medical nutrition market during the forecast period, owing to the increasing adoption of enteral nutrition products in hospitals and home care settings. The hospitals segment is expected to be the largest distribution channel for medical nutrition products, followed by retail pharmacies and online pharmacies.

The diabetes segment is expected to hold the largest share of the medical nutrition market, owing to the increasing prevalence of diabetes and the growing demand for specialized nutrition products for diabetes management.

Market Drivers

  1. Increasing Demand for Specialized Nutrition Products: The rising prevalence of chronic diseases and the growing aging population are driving the demand for specialized nutrition products. Medical nutrition products are specially formulated to meet the nutritional needs of patients with specific medical conditions, making them an essential component of disease management.
  2. Rising Awareness About the Benefits of Medical Nutrition: There is a growing awareness about the benefits of medical nutrition products among healthcare professionals and patients. Medical nutrition products can help manage symptoms, improve health outcomes, and reduce healthcare costs, making them an attractive option for patients and healthcare providers.
  3. Growing Focus on Disease Prevention and Management: There is a growing focus on disease prevention and management, which is driving the demand for medical nutrition products. Medical nutrition products can help prevent the development of chronic diseases and improve the management of existing conditions, leading to better health outcomes and reduced healthcare costs.

Market Restraints

  1. High Cost of Medical Nutrition Products: Medical nutrition products are often expensive, which can limit their accessibility for patients with low incomes or limited insurance coverage. The high cost of medical nutrition products can also be a barrier to their adoption by healthcare providers, as they may not be able to justify the cost of these products to their patients or insurance providers.
  1. Lack of Awareness About Medical Nutrition: Despite the growing awareness about the benefits of medical nutrition, there is still a lack of awareness among some healthcare providers and patients. This can limit the adoption of medical nutrition products and hinder their market growth.
  2. Regulatory Hurdles: The regulatory environment for medical nutrition products can be complex and challenging, with varying regulations in different regions and countries. This can make it difficult for manufacturers to develop and distribute their products in a timely and cost-effective manner.

Market Opportunities

  1. Emerging Markets: There is significant growth potential for medical nutrition products in emerging markets, where the prevalence of chronic diseases is high and the awareness of medical nutrition is still developing. Manufacturers can capitalize on these opportunities by expanding their distribution networks and developing localized products that meet the specific needs of these markets.
  2. Personalized Nutrition: The concept of personalized nutrition is gaining popularity, with increasing recognition of the fact that each individual has unique nutritional needs based on their genetic makeup, lifestyle, and medical history. Medical nutrition products can play a key role in personalized nutrition, as they can be tailored to the specific needs of each patient.
  3. E-commerce: The growth of e-commerce platforms presents an opportunity for medical nutrition manufacturers to reach a wider audience and improve accessibility to their products. Online platforms can also provide a convenient and cost-effective way for patients to purchase medical nutrition products.

Market Dynamics

The medical nutrition market is highly competitive, with a large number of players operating in the market. Key players in the market include Abbott Nutrition, Nestle Health Science, Danone Nutricia, Fresenius Kabi, and Baxter International. These players compete on the basis of product innovation, pricing, distribution, and marketing strategies.

The market is also characterized by frequent mergers and acquisitions, as companies seek to expand their product portfolios and increase their market share. For example, in 2020, Nestle Health Science acquired Zenpep, a pancreatic enzyme replacement therapy product, to expand its product offerings in the digestive health market.

Regional Analysis

The medical nutrition market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are expected to dominate the market during the forecast period, owing to the high prevalence of chronic diseases and the well-established healthcare infrastructure in these regions.

The Asia Pacific region is expected to exhibit the highest growth rate during the forecast period, owing to the growing awareness about medical nutrition, the increasing prevalence of chronic diseases, and the improving healthcare infrastructure in countries such as China and India.

Competitive Landscape

The medical nutrition market is highly competitive, with a large number of players operating in the market. Key players in the market include Abbott Nutrition, Nestle Health Science, Danone Nutricia, Fresenius Kabi, and Baxter International.

These players compete on the basis of product innovation, pricing, distribution, and marketing strategies. The market is also characterized by frequent mergers and acquisitions, as companies seek to expand their product portfolios and increase their market share.

Segmentation

The medical nutrition market is segmented based on product type, distribution channel, and medical condition. The product type segment includes enteral nutrition, parenteral nutrition, infant nutrition, and others. The distribution channel segment includes hospitals, retail pharmacies, and online pharmacies. The medical condition segment includes diabetes, cancer, cardiovascular disease, gastrointestinal disorders, and others.

Category-wise Insights

  1. Enteral Nutrition: The enteral nutrition segment is expected to dominate the medical nutrition market during the forecast period, owing to the increasing adoption of enteral nutrition products in hospitals and home care settings. The enteral nutrition products are easy to administer and can be used for a wide range of medical conditions, making them a versatile option for healthcare providers.
  1. Parenteral Nutrition: The parenteral nutrition segment is also expected to experience significant growth during the forecast period, owing to the increasing adoption of parenteral nutrition products in hospitals and home care settings. Parenteral nutrition products are used for patients who cannot tolerate enteral feeding or have a non-functioning gastrointestinal tract.
  2. Infant Nutrition: The infant nutrition segment is expected to grow steadily during the forecast period, owing to the increasing demand for specialized infant nutrition products. Infant nutrition products are formulated to meet the nutritional needs of infants with specific medical conditions, such as low birth weight, digestive disorders, and allergies.
  3. Diabetes: The diabetes segment is expected to hold the largest share of the medical nutrition market, owing to the increasing prevalence of diabetes and the growing demand for specialized nutrition products for diabetes management. Medical nutrition products for diabetes management include meal replacement products, low glycemic index foods, and specialized formulas for tube feeding.
  4. Cancer: The cancer segment is also expected to experience significant growth during the forecast period, owing to the increasing prevalence of cancer and the growing demand for specialized nutrition products for cancer patients. Medical nutrition products for cancer patients include high-protein supplements, oral nutrition supplements, and specialized formulas for tube feeding.

Key Benefits for Industry Participants and Stakeholders

  1. Improved Health Outcomes: Medical nutrition products can help improve the health outcomes of patients with specific medical conditions, leading to better quality of life and reduced healthcare costs.
  2. Diversification of Product Portfolio: Medical nutrition manufacturers can diversify their product portfolio by developing specialized nutrition products for different medical conditions, expanding their market reach and revenue streams.
  3. Increased Revenue: The growing demand for medical nutrition products presents an opportunity for manufacturers to increase their revenue and profitability.
  4. Enhanced Brand Reputation: Manufacturers that develop high-quality medical nutrition products can enhance their brand reputation and gain a competitive advantage in the market.

SWOT Analysis

  1. Strengths: Medical nutrition products provide essential nutritional support for patients with specific medical conditions, improving health outcomes and reducing healthcare costs. The market is growing rapidly, presenting significant opportunities for manufacturers.
  2. Weaknesses: Medical nutrition products can be expensive, limiting their accessibility for patients with low incomes or limited insurance coverage. The lack of awareness about medical nutrition can also hinder market growth.
  3. Opportunities: Emerging markets, personalized nutrition, and e-commerce present significant growth opportunities for medical nutrition manufacturers.
  4. Threats: The regulatory environment for medical nutrition products can be complex and challenging, with varying regulations in different regions and countries. The market is also highly competitive, with a large number of players operating in the market.

Market Key Trends

  1. Personalized Nutrition: The concept of personalized nutrition is gaining popularity, with increasing recognition of the fact that each individual has unique nutritional needs based on their genetic makeup, lifestyle, and medical history. Medical nutrition products can play a key role in personalized nutrition, as they can be tailored to the specific needs of each patient.
  2. Plant-Based Nutrition: There is growing demand for plant-based medical nutrition products, as consumers become more health-conscious and environmentally aware. Plant-based medical nutrition products can provide a sustainable and healthy alternative to traditional animal-based products.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the medical nutrition market, with increasing demand for medical nutrition products among Covid-19 patients. Patients with severe Covid-19 symptoms may require enteral or parenteral nutrition support to maintain their nutritional status and improve their chances of recovery.

The pandemic has also led to disruptions in the supply chain, with manufacturers facing challenges in sourcing raw materials and distributing their products. However, the growing demand for medical nutrition products is expected to outweigh the challenges posed by the pandemic in the long term.

Key Industry Developments
  1. Nestle Health Science Acquires Zenpep: In 2020, Nestle Health Science acquired Zenpep, a pancreatic enzyme replacement therapy product, to expand its product offerings in the digestive health market.
  2. Abbott Nutrition Launches Glucerna Hunger Smart: In 2019, Abbott Nutrition launched Glucerna Hunger Smart, a specialized meal replacement product for people with diabetes who struggle with hunger between meals.
  3. Danone Nutricia Launches Ketocal 4:1: In 2018, Danone Nutricia launched Ketocal 4:1, a specialized ketogenic formula for the management of epilepsy in children.

Analyst Suggestions

  1. Focus on Product Innovation: Manufacturers should focus on developing innovative medical nutrition products that meet the specific needs of patients with different medical conditions.
  2. Expand Distribution Networks: Manufacturers should expand their distribution networks to reach a wider audience and improve accessibility to their products.
  3. Increase Awareness: Manufacturers should increase awareness about medical nutrition among healthcare professionals and patients, to drive market growth and improve patient outcomes.

Future Outlook

The global medical nutrition market is expected to continue growing at a steady pace, driven by the rising prevalence of chronic diseases and the growing awareness about the benefits of medical nutrition. The market is expected to reach a value of USD 52.3 billion by 2025, registering a CAGR of 5.3% during the forecast period.

The key trends shaping the future of the medical nutrition market include personalized nutrition, plant-based nutrition, and the use of digital technologies to enhance patient care. Manufacturers that can capitalize on these trends and develop innovative products and services are likely to succeed in the rapidly evolving medical nutrition market.

Conclusion

The medical nutrition market is a rapidly growing segment of the healthcare industry, driven by the rising prevalence of chronic diseases and the growing aging population. Medical nutrition products are specially formulated to meet the nutritional needs of patients with specific medical conditions, making them an essential component of disease management.

The market is highly competitive, with a large number of players operating in the market. Key players in the market include Abbott Nutrition, Nestle Health Science, Danone Nutricia, Fresenius Kabi, and Baxter International. These players compete on the basis of product innovation, pricing, distribution, and marketing strategies.

Medical Nutrition Market:

Segmentation Details
Product Infant Nutrition, Parenteral Nutrition, Enteral Nutrition
Application Pediatrics, Adults, Geriatrics
Distribution Channel Hospitals, Retail Pharmacies, Online Pharmacies
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Leading Companies in the Medical Nutrition Market:

  1. Abbott Laboratories
  2. Danone S.A.
  3. Nestlé S.A.
  4. Fresenius Kabi AG
  5. Mead Johnson & Company, LLC (Reckitt Benckiser Group plc)
  6. Baxter International Inc.
  7. Perrigo Company plc
  8. B. Braun Melsungen AG
  9. Hero Nutritionals, Inc.
  10. Nutricia Advanced Medical Nutrition (Danone S.A.)

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

Important Questions Covered in this Study

Why Choose MWR ?

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations.

Unlimited User Access

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions.

Free Company Inclusion

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges.

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met.

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis.

Client Associated with us

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

Client Testimonials

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

error: Content is protected !!
Scroll to Top

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF
This website is safe and your personal information will be secured. Privacy Policy
Request for Discount
This website is safe and your personal information will be secured. Privacy Policy
Speak to Analyst
This website is safe and your personal information will be secured. Privacy Policy

Download Free Sample PDF