Global Medical Nutrition Market

Medical Nutrition Market Size, Share, Growth Analysis, By Type(Paediatric Nutrition, Elderly Nutrition, Parenteral Nutrition, and Sports Nutrition), By Product Type(Amino Acid Solutions, Multivitamin Supplements, Antioxidants, Lipid Emulsions), By Application(Pulmonary Disease, Cancer, Gastrointestinal Disease, Obesity), By Administration Route(Oral, Parenteral, and Intravenous), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35D2252 | Region: Global | Published Date: May, 2024
Pages: 218 | Tables: 125 | Figures: 86

Medical Nutrition Market Regional Insights

The dominating region in the Global Medical Nutrition Market Report is North America, which holds a significant market share, followed by Europe. The rising cases of malnutrition have boosted the medical nutrition market in North America. In the US alone, around 2 million people suffer from hunger, including 13 million children (about twice the population of Arizona). North America has a big share of 35% in the medical nutrition market. The region sees a lot of cancer and metabolic health issues, so medical nutrition is used a lot. Also, there are more elderly people there. For example, by 2025, Canada and the USA will have around 30% of their population aged 60 and above. North America is expected to continue dominating the global medical nutrition market by 2031. Additionally, the US is expected to show significant growth in this market.

Asia-Pacific has been the fastest growing market in the Global medical nutrition market. In the Asia Pacific region, the prevalence of inflammatory bowel disease (IBD) and gastrointestinal (GI) tract disorders is increasing, which is driving growth in the medical nutrition market. In the Asia-Pacific region, there's a great opportunity for growth in the next few years, from 2024 to 2031. This is because people in low-middle income countries are living six years longer, and in high-income countries, they're living four years longer. Also, the fertility rate has decreased from 2.6 to 2.1. This increase in life expectancy and decrease in fertility rates are linked to better medical facilities. As a result, there's been an increase in metabolic and neurological disorders, creating more demand for medical nutrition products. This is why the medical nutrition market is expected to grow in this region. Asia Pacific is expected to be the leading region for medical nutrition market growth due to the rising number of diseases like diabetes and cancer. The increasing prevalence of cancer is also expected to contribute to the global medical nutrition market growth.

However, the Middle East and Africa region are expected to have slower growth in the medical nutrition market due to limited access to quality healthcare.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Medical Nutrition Market Report size was valued at USD 13.45 Billion in 2022 and is poised to grow from USD 14.1 Billion in 2023 to USD 21.80 Billion by 2031, at a CAGR of 5.6% during the forecast period (2024-2031).

The medical nutrition market is primarily consolidated, with a few key players dominating the industry. Companies such as Nestlé Health Science, Abbott Nutrition, and Danone Nutricia hold significant market shares due to their extensive product portfolios and established distribution networks. However, the market also features some fragmentation, with smaller players and emerging startups carving out ideal position with specialized offerings. Competitors in the medical nutrition industry must offer cost effective treatments and products to expand and survive in an increasingly competitive and rising market environment. One of the primary businesses strategies adopted by manufacturers in the medical nutrition industry to benefit patients and expand market sector is to manufacture locally to reduce operating costs. Despite some fragmentation, the market is predominantly consolidated, with major players driving industry trends and innovation. 'Fresenius Kabi AG', 'Nestlé Health Science (Nestlé S.A.)', 'Abbott', 'AYMES International Ltd.', 'Mead Johnson Nutrition', 'Medifood GmbH', 'Abbott Laboratories', 'Medtrition, Inc.', 'B. Braun Melsungen AG', 'Danone S.A.', 'NUTRICIÓN MÉDICA', 'Pfizer Inc.', 'Baxter', 'Baxter International Inc.', 'Ajinomoto Co. Inc.', 'Meiji Holdings Co., Ltd', 'MNI', 'VICTUS', 'Perrigo Company plc', 'Cambrooke Therapeutics, Inc.', 'Herbalife Nutrition Ltd.', 'Danone Nutricia', 'Otsuka Holdings Co., Ltd.', 'GlaxoSmithKline plc', 'Mars Incorporated', 'Sichuan Kelun Pharmaceutical Co., Ltd.', '​​In January 2023, Nutricia introduced Fortimel Plant Based Energy, which is their first plant-based nutritional supplement. This product is made from proteins found in peas and soybeans. It's designed to help people who are malnourished or at risk of becoming malnourished by providing important nutrients.', 'On September 29th, VIK launched its Brand Strategy along with the Schleiden Memorial Edition of its product called "Centennial Series Nutrition". VIK, an international medical nutrition and health brand, is a key player in the health industry. It has made innovative advancements starting from basic nutrition to advanced nutrition and now to medical-grade products. This diverse and refined approach to health solutions is driving the development of the healthcare industry forward.', 'In January 2024, BD (Becton, Dickinson, and Company), a top medical innovation organization, and Techcyte, a leader in AI-based advanced diagnostics, uncovered a strategic partnership. Together, they expect to give a simulated AI-powered algorithm to help cytologists and pathologists distinguish indications of cervical disease and precancers, utilizing entire slide imaging more proficiently and precisely.'

According to a report from the World Health Organization (WHO) on aging, the number of elderly people in North America is increasing compared to younger people. For example, in the USA, the percentage of adults aged 65 and older is 15.2%, while children under 18 make up 22.8%. But by 2060, these numbers are expected to switch, with adults over 65 making up 23.4% and children under 18 at 19.8%. By 2034, there will likely be an equal number of adults and young people in the USA, both totaling 77 million. Similarly, the Asia Pacific region is also seeing an increase in its elderly population. By 2050, one in four people in the region will be elderly, totaling 1.3 billion people. However, this average will vary depending on the country's development status. For instance, countries like Japan, the Republic of Korea, and Singapore are expected to have 33% of their population aged 60 and above. Elderly people are more prone to diabetes and other metabolic disorders, which may require medical nutrition to manage their condition. They may also need guidance from a nutritionist during surgeries, with medical nutrition therapy recommended to help them manage their blood sugar levels throughout their lives.

Rising Awareness and Knowledge in Nutrition Sector: The internet has made it easier for people to learn about the importance of medical nutrition, especially for those dealing with serious health issues like diabetes. Patients are now more aware of the need to incorporate well-researched nutrition into their lifestyles, such as controlling carbohydrate intake for diabetes management. This awareness helps healthcare providers gain more trust from patients in the medical nutrition market.

The dominating region in the Medical Nutrition Market Report is North America, which holds a significant market share, followed by Europe. The rising cases of malnutrition have boosted the medical nutrition market in North America. In the US alone, around 2 million people suffer from hunger, including 13 million children (about twice the population of Arizona). North America has a big share of 35% in the medical nutrition market. The region sees a lot of cancer and metabolic health issues, so medical nutrition is used a lot. Also, there are more elderly people there. For example, by 2025, Canada and the USA will have around 30% of their population aged 60 and above. North America is expected to continue dominating the medical nutrition market by 2031. Additionally, the US is expected to show significant growth in this market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Medical Nutrition Market

Report ID: SQMIG35D2252

$5,300
BUY NOW GET FREE SAMPLE