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 Dynamics

Drivers 

The Rising Senior Population Worldwide

  • 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 Healthcare Expenditure

  • As healthcare spending rises in both developed and developing countries, it's driving growth in the medical nutrition market. Governments and healthcare organizations are realizing that using medical nutrition to manage diseases is cost-effective and helps reduce hospital stays.

Treating Acute Malnutrition in Non-Hospital Settings

  • Acute malnutrition happens when children are extremely underweight for their height, according to WHO standards. To tackle this serious problem, it's crucial to provide proper nutrition to both mothers and children. Malnutrition is a leading cause of death in children under five, accounting for 35% of deaths. However, with proper follow-up from a medical nutritionist and other changes, this fatality rate can be reduced by 55% in hospitals. But not all cases require hospitalization; many can be treated in outpatient settings or community programs. These settings allow for wider reach and basic care for metabolic health. Outpatient nutrition programs are becoming more popular, like the one in a refugee camp near the African Republic border. Here, an approach called IMAM (Integrated Management of Acute Malnutrition) is used to educate children and their mothers about proper feeding and essential nutrition. This program has been successful, with 3,053 out of 4,326 treated children being cured.

Dietary Shifts and the Growth of Medical Nutrition Industry

  • Changes in our eating habits, like smoking, drinking alcohol, working long hours, and eating a lot of fast food, have led to not getting enough of the nutrients our bodies need. This is one reason why the medical nutrition industry is growing.

Restraints 

Side Effects and Complications

  • One big reason why the medical nutrition market isn't growing as much is because some products can cause side effects and complications. For example, a report from the National Institute of Health in September 2020 showed that certain nutritional supplements can have strong effects on our bodies and can cause side effects if taken in high doses instead of prescribed medications. These supplements may increase the risk of bleeding during surgery and can affect how anesthesia works.

High Production Costs

  • High production costs pose a significant challenge for the global medical nutrition market. These costs stem from various factors, including the need for high-quality ingredients, adherence to strict regulatory standards, and specialized manufacturing processes. Manufacturers must navigate these expenses while ensuring the delivery of safe and effective products. Balancing cost-effectiveness with quality remains a key concern for stakeholders in the industry.

Low Exposure Towards Nutrition

  • Many people don't know much about medical nutrition, especially in areas with low education levels and little oversight of big companies. For example, in Yemen, a lot of children suffer from acute malnutrition. Out of 1.4 million children (about half the population of Nevada), 10% of them are affected. The number increased by 15.5% in 2020 because of COVID-19, political issues, and economic problems. Also, well-known medical nutrition brands aren't widely available in these areas. These factors can slow down the growth of the global medical nutrition market.

Adapting to Evolving Dietary Guidelines in Medical Nutrition Industry

  • Dietary guidelines are always changing as new research comes out. Manufacturers need to keep up with these changes and adjust their products and how they market them. Making sure medical nutrition products follow the latest guidelines is an ongoing challenge.
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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.

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Global Medical Nutrition Market

Report ID: SQMIG35D2252

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