Acumen Research and Consulting, recently published report “Medical Nutrition Market - Global Industry Analysis, Market Size, Share, and Forecast, 2019 – 2026”.
LOS ANGELES, May 02, 2019 (GLOBE NEWSWIRE) -- The Global Medical Nutrition Market size is expected to reach 2.68 billion by the end of year 2026. The market is estimated to grow at a CAGR of 6.4% over the forecast period 2019-2026.
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Medicine and nutritional therapy are recommended to the cancer patient so as to combat with the weak immune system, which affects eating habits coming about into drastic weight reduction in a patient. An increasing rate of constant diseases, for example, the incessant obstructive pulmonary disease is leading to the frustrating number of malnutrition, which is relied upon to drive the medical nutrition market globally. Major factors driving the development of the global medical nutrition markets are, changing the eating habit of consumers combined with increasing demand for healthy food across the globe. In addition, instances of incessant and way of life diseases, changing way of life, rising purchasing power are the factors boosting the demand for medical nutrition. The major factors adding to the development of medical nutrition market are rising frequency of diseases, for example, cancer.
According to the World Health Organization (WHO) in 2015, around 3 million patients kicked the bucket because of obstructive pulmonary disease. Factors driving the development of medical nutrition market incorporate changing ways of life and raising awareness among the population related to the advantages of medicated food and beverages. The factors thwarting the development of medical nutrition market are stringent regulations by the Food and Drug Administration (FDA, for example, maintaining the great manufacturing practices by the manufacturers to guarantee item quality. FDA maintains the safety and quality standards based on logical standards, severe medical evaluation, and supervision.
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The global medical nutrition market is segmented into type, indication, enduser, flavor, distribution channel, and region. On the basis of type, the global market is segmented into sun control standard formula and specialized formula. On the basis of indication, the global market is segmented into diabetes, dysphagia, general well-being, hepatic disorders, ibd & gi, neurological disorders, oncology nutrition, renal disorders, respiratory disorders, and others. On the basis of end user, the global market is segmented into adult, geriatric, and pediatric. On the basis of flavor, the global market is segmented into regular and flavored. On the basis of distribution channel, the global market is segmented into direct and indirect. On the basis of geography, the global market is segment into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Medical nutrition is the engaged constituent of a patient's health management. It assesses nutrition status in the patients and it helps in boosting their immune system and supports their medical condition. It is utilized by dieticians or specialists as medication complements in conventional therapies. Medical nutrition incorporates modification of eating regimen, education and advising, intravenous nutrition, tube sustaining, medical food, and imparts self-diagnosis medication. Medical nutrition plays a vital job in counteracting diseases, for example, Alzheimer's, HIV, sarcopenia, weight, and diabetes.
The major factors that are driving the development of this market are rising occurrences of ailment globally, premature birth and aging health-cognizant population. Soaring demand for adequate supplements because of the changing way of life is also adding to the advancement of the market. However, the factors that are limiting the development of the market are high cost and critical reimbursement arrangements authorized by the governments in various nations. Medical nutrition items contain prebiotics and probiotics that have an engaged market, for example, an aging population. These factors are opening the entryway of chances for the expansion of this market.
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Currently, North America medical nutrition market is required to account for major share in the global market in terms of income and is relied upon to maintain its dominance over the forecast time frame. This is primarily attributed, because of the increasing rate of interminable diseases and turmoil in the nation in the region. However, Asia Pacific medical nutrition market is anticipated to enroll the most elevated CAGR in the following five years, because of demand for better quality therapy and healthcare facilities in the region.
The key strategies adopted by the companies to expand in the Medical nutrition Market are item launches, mergers and acquisitions, and agreements and collaborations. These strategies would yield solid performing items. It would help in enhancing the awareness of medical nutrition in the potential medical market.
Major companies contributing the global medical nutrition market are Abbott Laboratories, AYMES International Ltd., B. Braun Melsungen AG., Baxter International Inc., Cambrooke Therapeutics, Inc., Danone Nutricia, Fresenius Kabi AG, GlaxoSmithKline plc, Kate Farms, Inc., Mead Johnson & Company, LLC, Medifood GmbH, Medtrition Inc., Meiji Holdings Co., Ltd., Nestlé S.A., NUTRICIÓN MÉDICA SL, Otsuka Pharmaceutical Europe Ltd., Perrigo Company plc, Pfizer Inc., Sichuan Kelun Pharmaceutical Co., Ltd., and Victus, Inc.
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