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Medical Nutrition Market Size to Reach USD 25.9 Billion by 2032 growing at 7.5% CAGR - Exclusive Report by Acumen Research and Consulting

24 Oct 2024
ARC
Healthcare and Pharmaceuticals

The Medical Nutrition market, valued at USD 13.6 Billion in 2023, is projected to surpass USD 25.9 Billion by 2032, indicating a robust CAGR of 7.5%

Medical nutrition is a specialist discipline that studies the use of personalized dietary treatments to prevent, manage, and treat a variety of health issues. It includes a wide range of nutritional products, such as enteral and parenteral nutrition, created for those who have special dietary requirements owing to medical conditions. This method is especially important for people with chronic illnesses, malnutrition, or those recuperating from surgery, because correct nutrition can improve healing and overall health outcomes.

Medical Nutrition Market Statistics

The medical nutrition industry is being pushed by increased knowledge of its benefits, advances in product formulations, and the rising prevalence of chronic conditions. Healthcare professionals, such as dietitians and nutritionists, are critical in assessing patients' dietary needs and making suitable recommendations. As the emphasis on holistic patient care grows, medical nutrition is becoming recognized as an important component of complete healthcare initiatives. 

Medical Nutrition Market Statistics

  • In 2023, the global medical nutrition market generated USD 13.6 billion and is projected to grow at a robust CAGR of over 7.5% from 2024 to 2032.
  • North America led the market in 2023, contributing USD 4.9 billion in revenue
  • The Asia-Pacific region is anticipated to experience significant growth, with a projected CAGR of 8%
  • Pediatric nutrition held the largest market share in 2023, accounting for a notable portion of the market
  • The oncology nutrition segment contributed significantly to the market in 2023
  • The oral route of administration is expected to dominate the market in 2023
  • A discernible trend in the medical nutrition market is rising interest in medical nutrition products enriched with probiotics, prebiotics, and other functional ingredients to enhance health benefits

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Medical Nutrition Market Dynamics

Increasing Awareness of the Benefits of Medical Nutrition in Disease Management and Recovery Fuels the Medical Nutrition Market Value

The increased recognition of the vital role medical nutrition plays in disease treatment and recovery is propelling the medical nutrition industry. Patients and healthcare providers understand its significance in improving clinical outcomes, controlling chronic conditions, and shortening recovery times. Specialized nutrition solutions are designed to alleviate malnutrition, boost the immune system, and speed up recovery in patients suffering from cancer, diabetes, and gastrointestinal diseases. This greater understanding is driving the demand for therapeutic dietary solutions. Furthermore, the aging population and rise in chronic diseases increase the demand for focused medical nutrition therapies.

Innovations in Product Formulations, Including Plant-Based and Specialized Dietary Solutions Offer Significant Medical Nutrition Market Opportunity

Product formulation innovations, such as plant-based and specific dietary solutions, are driving growth in the medical nutrition industry. As consumer demand evolves toward healthier, more sustainable solutions, plant-based medical nutrition products become an appealing option for patients with unique dietary preferences or intolerances. Furthermore, advances in specialized formulations address problems such as metabolic disorders, digestive health, and critical illness, resulting in tailored nutrition therapy. These innovations not only fulfill the growing demand for personalized healthcare, but they also promote market expansion by providing more diverse, effective, and inclusive nutrition solutions to a wide range of patient populations.

Medical Nutrition Market Segmentation

The global market for medical nutrition has been segmented into type, indication, route of administration, end-user, distribution channel, and region.

  • Type is classified into pediatric nutrition, parenteral nutrition, elderly nutrition, sport nutrition
  • Indication are divided into diabetes, dysphagia, general well-being, hepatic disorders, IBD & GI, neurological disorders, oncology nutrition, renal disorders, respiratory disorders, and others
  • Route of administration are categorized into oral, enteral, and parenteral
  • End-user are sub segmented into adult, geriatric and pediatric
  • Distribution channel are classified into direct, and indirect
  • The medical nutrition market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Medical Nutrition Market Regional Outlook

In terms of medical nutrition market analysis, North America dominates the medical nutrition market due to its well-established healthcare infrastructure, high prevalence of chronic diseases such as cancer and diabetes, and a growing elderly population that requires specialized nutritional treatment. The region also has a robust government support and reimbursement policy for medical nutrition items. Abbott and Nestlé are among the market's leading participants. Furthermore, high healthcare awareness and rising demand for home healthcare drive market growth in North America.

Asia-Pacific is the fastest-growing region in the medical nutrition market, owing to its expanding population, rising healthcare spending, and increased recognition of the relevance of nutrition in illness treatment. Countries such as China, India, and Japan are rapidly expanding their healthcare infrastructure, resulting in increased demand for medical nutrition products. A growing older population and the increasing frequency of chronic diseases are also driving market growth. Furthermore, multinational corporations are increasing their investments in the region, which boosts its growth potential.

Medical Nutrition Market Players

Medical nutrition companies profiled in the report include Baxter International Inc., Perrigo Company plc, Nutrición Médica, Abbott Laboratories, Nestlé S.A., Cambrooke Therapeutics, Inc., Fresenius Kabi AG, B. Braun Melsungen AG, Kate Farms, Inc., Pfizer Inc., Medifood GmbH, AYMES International Ltd., GlaxoSmithKline plc, Otsuka Pharmaceutical Europe Ltd., Nutricia, Medtrition Inc., Mead Johnson & Company, LLC, and Meiji Holdings Co., Ltd.

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