Global Medical Foods Market

Medical foods are made up of ingredients that are specifically chosen to provide the nutrients needed to address and manage a particular medical condition or disease. These ingredients can include vitamins, minerals, amino acids, and other nutrients that are not readily available in a regular diet. Medical foods are often used to manage conditions such as metabolic disorders, food allergies, and malnutrition. They are also commonly used in the management of conditions such as Alzheimer’s disease, depression, and osteoporosis. According to the latest research, the global medical foods market is poised to grow by USD 7.8 billion during 2023-2029, progressing at a CAGR of 5.25% during the forecast period.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global medical foods market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, route of administration, product, distribution channel, and region. The global market for medical foods can be segmented by product: non-prescription medical foods, prescription medical foods. According to the research, the non-prescription medical foods segment had the largest share in the global medical foods market. Medical foods market is further segmented by application: ADHD (attention-deficit/hyperactivity disorder), Alzheimer’s disease, chemotherapy induced diarrhea, chronic kidney disease (CKD), depression, diabetic neuropathy, infectious diseases, minimal hepatic encephalopathy (MHE), nutritional deficiency, orphan diseases, others. In 2022, the diabetic neuropathy segment made up the largest share of revenue generated by the medical foods market. Based on route of administration, the medical foods market is segmented into: enteral, oral. Among these, the oral segment was accounted for the highest revenue generator in 2022. On the basis of product, the medical foods market also can be divided into: powder, pills, others. The powder segment captured the largest share of the market in 2022. Medical foods market by distribution channel is categorized into: online retailing, institutional sales, retail sales. According to the research, the institutional sales segment had the largest share in the global medical foods market. The medical foods market by region can be segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. In 2022, North America made up the largest share of revenue generated by the medical foods market.

Market Segmentation
By product: non-prescription medical foods, prescription medical foods
By application: ADHD (attention-deficit/hyperactivity disorder), Alzheimer’s disease, chemotherapy induced diarrhea, chronic kidney disease (CKD), depression, diabetic neuropathy, infectious diseases, minimal hepatic encephalopathy (MHE), nutritional deficiency, orphan diseases, others
By route of administration: enteral, oral
By product: powder, pills, others
By distribution channel: online retailing, institutional sales, retail sales
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report explores the recent developments and profiles of key vendors in the Global Medical Foods Market, including Abbott Laboratories, Danone S.A., Fresenius Kabi AG, Mead Johnson & Company, LLC (Reckitt Benckiser Group plc), Medtrition,Inc., Nestle S.A., Primus Pharmaceuticals, Inc., Targeted Medical Pharma, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global medical foods market.
• To classify and forecast the global medical foods market based on product, application, route of administration, product, distribution channel, region.
• To identify drivers and challenges for the global medical foods market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global medical foods market.
• To identify and analyze the profile of leading players operating in the global medical foods market.

Why Choose This Report
• Gain a reliable outlook of the global medical foods market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.

Global Medical Foods Market

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Global Medical Foods Market - Report Scope
REPORT ATTRIBUTE

DETAILS

Base Year

2022

Forecast Year

2023-2029

CAGR (2023-2029)

5.25%

Pages

88

Key Players

Abbott Laboratories, Danone S.A., Fresenius Kabi AG, Mead Johnson & Company LLC (Reckitt Benckiser Group plc), MedtritionInc., Nestle S.A., Primus Pharmaceuticals Inc., Targeted Medical Pharma Inc.

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