Medical Nutrition Market Research Report - Forecast till 2027

Medical (Clinical) Nutrition Market Research Analysis by Type (Pediatric Nutrition, Parenteral Nutrition, Elderly Nutrition and Sport Nutrition), by Product Type (Amino Acid Solution, Multiple Vitamins and Antioxidants, Lipid Emulsion, Trace Elements and Chamber Bags), by Route of Administration (Parenteral and Oral), by Application (Pediatric Malnutrition, Gastrointestinal Diseases, Renal Failure, Cancer, Pulmonary Diseases, Diabetes and Neurological Diseases), by Distribution Channel (Hospitals, Compounding Pharmacy, Retail Pharmacy a...

ID: MRFR/Pharma/0822-CR | February 2021 | Region: Global | 168 pages         

Medical (Clinical) Nutrition Market

The medical nutrition market analysts estimate that by 2027, medical nutrition will grow by USD 64.28 Billion, growing at a CAGR of 5.4%.

Segmentation

By Type Pediatric Nutrition Elderly Nutrition Parenteral Nutrition Sports Nutrition
By Product Type Amino Acid Solutions Multivitamin Supplements Antioxidants Lipid Emulsions Trace Elements Chamber Beads
By Route of the Administration Oral Parenteral Intravenous
By Application Pulmonary Diseases Cancer Gastrointestinal Diseases Obesity Diabetes Pediatric Malnutrition Renal Failure Neurological Diseases
By Distribution Channel Compounding Pharmacies Hospitals Retail Pharmacies E-commerce Websites

Key Players

  • Solace Nutrition (U.K.)
  • AYMES Nutrition International Ltd. (U.K.)
  • Mead Johnson and Company LLC. (U.S.)
  • Nestle Health Science (Switzerland)
  • Braun Melsungen AG (Germany)
  • NeoMed (U.S.)
  • Abbott Nutrition (U.S.)
  • Baxter International (U.S.)
  • Danone (France)

Drivers

  • increase in consumption of fast-food and changing lifestyles
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Medical Nutrition Market Overview:


The medical nutrition market analysts estimate that by 2027, medical nutrition will grow by USD 64.28 Billion, growing at a CAGR of 5.4%.


The Medical nutrition markets are needed to meet the nutritional needs of patients due to the growing problem of malnutrition. Especially during chronic diseases such as diabetes, chronic obstructive pulmonary disease (COPD), cancer, immune system disorders, gastrointestinal disorders, and many others, medical nutrition is critically important. Medical nutrition market growth is driven by growing awareness about medicated foods and beverages, as well as increasing disease incidence rates.


COVID 19 Analysis


A pandemic of COVID 19 has affected more than one hundred thousand people. In order to prevent the spread of the disease, many people locked their homes. With an increase in awareness of medical nutrition resulting from this disease, the medical nutrition market can expect tremendous growth.


As a result of the lockdown, many companies have developed nutritional products to help prevent or treat mental and physical disorders. This allows both our nation and each individual to maintain nutritious values. Government initiatives are also available to promote health. The population has diminished in a considerable amount in various countries like Brazil, Russia, Italy, etc, and the corona cases are rising day by day in some other countries like India, UK, and the US. Doctors were loathed by men because they had to deal face-to-face with them. Remote treatment did, however, increase thanks to this! 


Medical Nutrition Market Dynamics:


Drivers


Diet changes and lifestyle changes such as a longer working day and smoking have resulted in decreased nutrient absorption, so the medical nutrition industry has seen a rapid growth rate. An industry that is growing is medical nutrition, owing to aging people's poor digestive systems. Developing countries like India and China will experience increased demand for medical nutrition due to the growth of their populations.


Restraints


The government policies enforced by various countries restrict the growth of the medical nutrition market. As well as the affordability factor, the price of the product also matters a lot. Furthermore, the lack of knowledge, as well as strict government guidelines, restrict the growth of the medical nutrition market in the global market.


Opportunities


In the future, we should see even greater growth in the medical nutrition value as more people become aware of nutrient value and the importance of getting adequate nutrition. A growing awareness of the medical nutrition market’s value also contributes to the market's development. Medical nutrition will also face increasing challenges due to the increasing problems related to gastric issues and diabetes.


Restraints


Poor reimbursement policies enforced by various governments are hindering the growth of the medical nutrition market. Additionally, the cost factor also plays a critical role, since not everyone can afford it. Additionally, the lack of knowledge and strict government guidelines regarding the use of supplements are also barriers to the growth of the medical nutrition market across the globe.


Technology Analysis of the Medical Nutrition Market


There are more chances of premature birth around the world due to an increase in birth rates. There are a lot of health-related complications associated with premature birth in comparison with full-time birth, including cerebral palsy, sensory deficits, respiratory illness, and learning disabilities. In addition, premature births can lead to early death. This is why several governments are setting up serious initiatives to expand the nutritional industry to save as many lives as possible. Medical nutrition is also necessary regardless of age with the growing number of chronic diseases. Appropriate nutrition is crucial to a person's health.


Segment Overview


There are four types of global medical nutrition markets: type, product type, application, and distribution channels.


By Type:


According to type, the food is classified as pediatric nutrition, elderly nutrition, parenteral nutrition, and sports nutrition. A rise in premature births in nations such as India and China has increased the demand for pediatric nutrition, which holds the highest share of 30%.


By Product Type:


As well as amino acid solutions, multivitamin supplements, antioxidants, lipid emulsions, trace elements, and chamber beads, the market offers a variety of products. In terms of market share, amino acid solutions command the largest share. High growth is anticipated for the medical nutrition market for lipid emulsions in the forecast period.


By Route of the Administration:


There are many types of administration methods, such as oral, parenteral, and intravenous.


By Application:


As a result of the application, the medical nutrition market has been divided into pulmonary diseases, cancer, gastrointestinal diseases, obesity, diabetes, pediatric malnutrition, renal failure, and neurological diseases.


By Distribution Channel:


Compounding pharmacies, hospitals, retail pharmacies, and e-commerce websites are all dividing the medical nutrition market based on distribution channels.


Regional Analysis


The medical nutrition market for medical nutrition includes four key regional segments: the Americas, Europe, Asia-Pacific, and the Middle East, and Africa. American consumption drives the medical nutrition market. US consumption dominates North American consumption. In this region, the prevalence of disorders and diseases such as geriatrics has led to growth in the market for medical nutrition. 


In terms of international medical nutrition industry share, the European region accounts for the second-largest share. In terms of CAGR, Asia-Pacific is expected to grow at the fastest pace during the forecast period, with a rate of 4.5%.


Competitive Landscape


At a global level, the major companies that constitute the market of medical nutrition include Primus Pharmaceuticals (U.S.), Nutricia Advanced Medical Nutrition (Netherlands), Solace Nutrition (U.K.), AYMES Nutrition International Ltd. (U.K.), Mead Johnson and Company, LLC. (U.S.), Nestle Health Science (Switzerland), Braun Melsungen AG (Germany), NeoMed (U.S.), Abbott Nutrition (U.S.), Baxter International (U.S.), and Danone (France).


Global medical nutrition industry giants use various strategies, including innovation, acquisitions, product development, and expansion, to achieve success.


Recent Developments




  • Baxter's has announced the introduction of Clinimix E and Clinimix in September 2020 to provide high protein levels in parenteral nutrition.




  • It is crucial to provide dietary management to people who are malnourished or at risk of malnutrition, and AYMES International has developed an oral nutritional supplement called "AYMES ActaSolve Smoothie" that will be available starting in April 2020.




  • Dieticians and nutritionists are typically licensed by most countries to make sure that their eating habits are in harmony. Additionally, the organic medical nutrition market has increased in sales on the medical nutrition industry, as everyone is trying to cater to the vegan population by developing organic products.




  • There are some international medical societies, medical organizations, and other entities which have established strict nutritional standards for doctors and healthcare professionals. In America, the Academy of Nutrition and Dietetics plays a key role in defining nutritional standards.




  • As of 2018-2019, Nestle Health Science has acquired Starbucks Corporation's distribution rights for consumer packaged goods and foodservice products. Nestle, in addition to expanding its product lines in personal nutrition, has also expanded its portfolio.




Report Overview


This market report contains all the information related to the medical nutrition market, the factors that drive it, and opportunities that are ahead of the medical nutrition market in the past. In addition to mentioning its estimated growth rate in this report, the report also constitutes the challenges that the medical nutrition industry faced during the pandemic situation.  The report also gives a technical view of the situation shedding light on the new technologies developed and the research and development done and increasing R&D performed by companies. This report will help you know the growth and development of this market in the next few years.


Technology


A new generation of algorithms that are powered by Artificial Intelligence (AI), continuous monitoring of intra-abdominal pressure, nutrition audit, and big data analysis on metabolism and proteomics among many other tools.


Users


Manufacturing and distribution of medical nutrition products, pharmaceutical companies, government research institutions, hospitals and clinics, regulatory agencies, and pharmaceutical companies to name a few.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 64.28 Billion
  CAGR   5.40%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Product Type, Route of Administration, Application, Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   NeoMed (U.S.), Primus Pharmaceuticals (U.S.), AYMES Nutrition International Ltd. (U.K.), Abbott Nutrition (U.S.), Nutricia Advanced Medical Nutrition (Netherlands), Danone (France), Baxter International (U.S.), Mead Johnson and Company, LLC. (U.S.), Braun Melsungen AG (Germany), Solace Nutrition (U.K.), Nestle Health Science (Switzerland)
  Key Market Opportunities   Increasing awareness about infant nutrition value also acts as a contributing factor
  Key Market Drivers   The increase in consumption of fast-food and changing lifestyles


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Frequently Asked Questions (FAQ) :

Medical nutrition market projected to grow at approximately 5.4% CAGR during the assessment period (2020-2027).

The valuation of the medical nutrition market is estimated to increase to USD 64.28 BN by the end of 2027.

Rising prevalence of chronic diseases and awareness about the benefits among general population, are major tailwinds pushing the growth of the global medical nutrition market.

North America holds the largest share in the global medical nutrition market, followed by Europe and the Asia Pacific, respectively.

NeoMed (US), Primus Pharmaceuticals (US), Inc., AYMES Nutrition International Ltd. (UK), Abbott Nutrition (US), Nutricia Advanced Medical Nutrition (Netherland), Danone (France), Baxter International (US), Mead Johnson & Company, LLC. (US), B. Braun Melsungen AG (Germany), Solace Nutrition (UK), and Nestlé Health Science (Switzerland), are some of the top players operating in the global medical nutrition market.

Medical Nutrition Market: Competitive Landscape


Abbott Nutrition, Mead Johnson Nutrition Co., Nestle, Danone Nutricia, NeoMed, B. Braun Melsungen AG, Nutricia, and Baxter International, Inc. collectively accounted for more than 47% of the market share of the global medical nutrition market in 2017. These companies continue to retain their strong global presence through expansion, merger & acquisition, and extensive product portfolio.


The medical nutrition market is currently dominated by Abbott Nutrition with 19.6% of the total market share. Abbott Nutrition operates as a subsidiary of Abbott Laboratories. The company focuses on discovery, development, manufacturing, and sales of healthcare products. The company operates through four reportable segments, namely, established pharmaceutical products, diagnostic products, nutritional products, and vascular products. Furthermore, the company has two non-reportable segments, namely, diabetes care and medical optics. The diabetes care division of the company is located in California, US and provides blood glucose meters, blood glucose test strips, sensors, data management decision software, and accessories. The company manufacturers its blood glucose test strips at Witney, the UK site. For example, in March 2016, Abbott introduces two new products Ensure & Enlive into the market to help rebuild lost muscle and regain strength and energy by pairing the latest in science and nutrition. This will help the company to extend its product portfolio in muscle and strength category of products.


Mead Johnson Nutrition Company is the second position in term of market share for the global medical nutrition market. The company operates as a subsidiary of Johnson & Johnson Services Inc. J&J manufactures medical devices for various specialties, such as orthopedics, cardiovascular diseases, and many others. J&J Services has acquired and merged with various other companies to expand its portfolio of endoscopic devices. Ethicon, a subsidiary of J&J offers a broad range of suture needle products. Janssen Pharmaceuticals, Inc. is one of the companies of Johnson and Johnson engaged in developing medicines for the treatment of pain.


For Example, In December 2017, Nestlé confirmed on the acquisition of privately held Atrium Innovations, one of the global leader focusing on nutritional health products. This strategic acquisition made by Nestlé will enhance the company’s growth opportunities in consumer healthcare to complement the company’s focus on high-growth food and beverage categories. This transaction will get closed in the first quarter of 2018 followed by completing customary approvals and closing conditions.


Danone Nutricia operates as a food company worldwide. The company distributes its products through retail chains and traditional market outlets, as well as through hospitals, clinics, and pharmacies


Furthermore, in October 2014, Nature’s Products acquired Nutri-Health and Sedona Labs leading brands in the probiotic and enzyme nutritional supplement market. With the acquisition of these two brands, the company has reserved a reasonable amount of share in global medical nutrition market. 


These strategies implied by the players in this market is continuous innovation and development of the new and better products to beat the opponents and strive in this big market.