bangalore, india, May 13, 2024 /PRNewswire/ — medical nutrition market Segmented by type (pediatric nutritionadult nutrition, geriatric nutrition, sports nutrition), by application (pediatric malnutrition, gastrointestinal disease, renal failure, cancer, lung disease, diabetes, neurological disease, metabolic disorders).
The global medical nutrition market was assessed as follows: 58.87 billion USD expected to be reached in 2023 88.94 billion USD By 2030, it will witness a CAGR of 6.0% during the forecast period 2024-2030.
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Key factors driving the growth of the medical nutrition market:
The medical nutrition market is witnessing remarkable growth due to several important factors. First, there is increasing consumer awareness about the importance of nutrition in the management of various medical conditions such as malnutrition, diabetes, and gastrointestinal disorders. This increased awareness, coupled with a growing global aging population, is fueling demand for specialty nutritional products customized to address specific health needs. Furthermore, advances in medical research and medical technology have led to the development of innovative nutritional solutions such as personalized nutrition and functional foods, further expanding the market. Furthermore, the increasing prevalence of chronic diseases and emphasis on preventive healthcare strategies are leading healthcare providers and policy makers to prioritize medical nutrition interventions, contributing to market growth. These factors collectively drive the medical nutrition market forward, presenting significant opportunities for expansion and innovation in the foreseeable future.
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Trends Influencing Medical Nutrition Market Growth
The medical nutrition industry has been greatly influenced by the convergence of pediatric nutrition and its use in cancer treatment. Pediatric nutrition plays an important role in the growth and development of newborns, children, and adolescents by addressing their specific nutritional needs. Children with cancer often have nutritional problems during treatment because cancer affects appetite, metabolism, and vitamin absorption, in addition to the side effects of treatments such as chemotherapy and radiation therapy. there is. This has increased the need for specific medical nutritional products designed to meet the dietary requirements of children with cancer. These supplements are designed to maintain muscle mass, boost immunity, promote healthy growth, and reduce the negative effects of treatment such as nausea, vomiting, and malnutrition.
Globally, the incidence of chronic diseases such as diabetes, heart disease, and cancer is increasing, which is driving the expansion of the medical nutrition market. Medical nutrition, which provides customized diets based on a patient’s medical and nutritional needs, is essential in the management of a variety of disorders. Increasing sedentary lifestyles and an aging population are contributing to the burden of chronic diseases, and the demand for medical nutrition products and services is expected to increase.
One of the major factors for the growth of the medical nutrition market is the aging of the population. Older adults often have special nutritional needs due to age-related changes in metabolism, digestion, and nutrient absorption, as well as the presence of chronic disease and drug use. As the world’s population ages, medical nutritional solutions specifically designed for older adults, such as meal replacements and oral nutritional supplements, address these nutritional issues and promote healthy aging, leading to an expanding market. We are promoting. The market for medical nutritional products and services is driven by increasing knowledge about the role of nutrition in preventive medicine and disease prevention.
The market is growing as a result of the increasing use of clinical nutrition therapy, particularly medical nutrition in healthcare settings such as clinics, hospitals, and long-term care facilities. Medical nutrition is essential to manage malnutrition, promote wound healing, and maximize the nutritional status of patients with both acute and chronic illnesses. As a result of the growing recognition of nutrition as an important component of health care, health care professionals are adding medical nutritional therapy to their treatment plans. This has increased the demand for specialized products and services in the medical nutrition market.
The medical nutrition industry continues to expand and innovate with a trend towards customized nutritional solutions. Advances in digital health technology, microbiome research, and genetics have made it possible to create customized dietary programs based on each person’s different genetic makeup, health status, and lifestyle choices. As consumers increasingly seek a personalized approach to nutrition and health, medical nutrition companies are leveraging these advances to create customized solutions that optimize nutritional intake and support personal health goals. We provide nutritional supplements, functional foods, and digital health platforms. This is driving market expansion.
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Medical nutrition market share analysis
The market share in 2019 was approximately 34%; North America is the main market. Asia and Europe I’m late.
Major companies include Baxter, B. Brown, Grifols, Ajinomoto, Infaprim, Fresenius Kabi, Mead Johnson, Abbott Nutrition, Granbia Performance Nutrition, and Groupe Danone. In 2019, more than 40% of Russian adults were undernourished. Nutrition for adults with CIS is approximately 41%.
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Major companies:
- mead johnson
- Fresenius Kabi
- group danone
- company
- CIS
- abbott nutrition
- nestle
- granvia performance nutrition
- Baxter
- B. Brown
- Grifols SA
- Ajinomoto
- Infaprim
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