Report ID: SQMIG35D2252
Report ID:
SQMIG35D2252 |
Region:
Global |
Published Date: May, 2024
Pages:
218
|
Tables:
125 |
Figures:
86
Medical Nutrition Market size was valued at USD 14.1 Billion in 2023 and is poised to grow from USD 14.89 Billion in 2024 to USD 23.02 Billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
The global population is getting older, and this trend is seen in almost every country. Older people are more likely to have age-related health issues like nervous disorders, Parkinson’s disease, diabetes, and organ failure. Many elderly patients have trouble eating regular food and need special nutrition delivered directly into their bloodstream (parenteral nutrition) to stay healthy. Hospitals see more elderly patients and often need longer stays. This increase in elderly patients has led to more use of parenteral nutrition in recent years. Home parenteral nutrition therapy is becoming more common among elderly people with chronic illnesses like diabetes, cancer, and AIDS, which is expected to boost the medical nutrition market. The rise in chronic diseases is also leading to more cases of malnutrition, especially among patients with chronic obstructive pulmonary disease (COPD), a major cause of disability and death worldwide. Treating malnutrition in these patients requires specialized nutrients considered as medications, not just supplements. Medical nutrition products help keep patients healthy by providing essential nutrients like minerals and vitamins.
Several factors are driving the growth of the medical nutrition market, including the increasing prevalence of metabolic disorders, higher healthcare spending, and the growing middle class in emerging economies. The number of people diagnosed with metabolic disorders is rising, creating opportunities for medical nutrition companies. Healthcare spending is increasing faster than economic growth in many countries, leading to higher demand for medical nutrition products. There are also funding opportunities for clinical nutrition research from governments and private foundations, which are helping to grow the market.
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Report ID: SQMIG35D2252