Year | Value |
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2024 | USD 15.1 Billion |
2032 | USD 24.99 Billion |
CAGR (2024-2032) | 5.1 % |
Note – Market size depicts the revenue generated over the financial year
The medical nutrition market is expected to grow at a fast pace with a value of USD 15.1 billion in 2024, which is expected to reach USD 24.9 billion by 2032. The CAGR of this market is 5.1%. The growing number of chronic diseases and the aging population are driving the demand for medical nutrition products that meet the special nutritional needs of the elderly. The development of nutritional science and technology is also driving the development of new products to improve patient outcomes. The major players in the medical nutrition market, such as Abbott Laboratories, Danone and Nestle Health Science, are actively investing in research and development to create tailored nutritional solutions. Strategic initiatives, such as establishing long-term relationships with hospitals and launching new products, are also expected to drive market growth. The recent collaborations between companies to integrate medical nutrition into the standard care protocol highlight the growing importance of nutrition in health management. These factors will continue to drive innovation and growth in the medical nutrition market.
Regional Market Size
MEDICAL NUTRITION MARKET is expected to witness significant growth across regions, driven by increasing awareness of the importance of nutrition, rising prevalence of chronic diseases and an aging population. North America is characterized by a strong emphasis on the development of personalized nutrition and innovation in product offerings, while Europe is characterized by a strong regulatory framework that supports the development of specialized nutritional products. The APAC region is characterized by a rapid expansion due to rising incomes and changing dietary habits, while the Middle East and Africa region is characterized by a focus on improving access to health care and nutrition education. Latin America is also expected to emerge as a key player in the near future, with the growing demand for medical nutrition products driven by urbanization and lifestyle changes.
“Approximately 1 in 3 adults in the U.S. has prediabetes, highlighting the growing need for specialized medical nutrition products aimed at managing blood sugar levels.” — Centers for Disease Control and Prevention (CDC)
Medical nutrition plays a vital role in providing specialized nutrition for patients with certain illnesses. The market is currently growing, mainly because of the increasing number of people suffering from chronic illnesses such as diabetes and cancer, which require a special diet. Also, as the population ages, there is a growing demand for medical nutrition products as older people often have difficulty obtaining a balanced diet. The enteral nutrition market is in its mature stage. The market is dominated by the major players, including Nestlé Health Science and Abbott Laboratories. These products are used in hospitals and in home care for patients with long-term illnesses or who have recently undergone surgery. Moreover, the growing trend for telemedicine and individualised medicine is driving the market, as medical staff increasingly recognize the importance of nutrition in the treatment of patients. And new technology, such as advanced formulations and digital health, is helping to improve the effectiveness and availability of medical nutrition solutions.
OVERALL MEDICAL NUTRITION MARKET PROJECTIONS: The global medical nutrition market is expected to reach a value of $15.1 billion by 2032, with a CAGR of 5.1% between 2024 and 2032. This growth is due to the increasing occurrence of chronic diseases, an aging population, and a growing awareness of the importance of nutrition in disease management and general health. The shift in health systems toward prevention will increase the demand for medical nutrition products, which will lead to an increase in the penetration of these products among both health care professionals and patients. The key technological developments in the field of medical nutrition, such as a focus on the development of personalized nutrition solutions and the integration of digital health tools, are expected to drive innovation in the field. In particular, the emergence of telehealth and mobile health applications will increase the availability of medical nutrition advice and products and improve patient compliance with nutritional recommendations. Supportive legislation aimed at improving health outcomes through medical nutrition will also support the growth of the market. The medical nutrition market will have to be flexible and responsive to changing consumer preferences in order to seize the opportunities that this dynamic market offers.
Covered Aspects:Report Attribute/Metric | Details |
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Market Size Value In 2022 | USD 47.53 Billion |
Growth Rate | 5.40% (2022-2030) |
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