Global Medical Foods Market To Be Driven By Increasing Demand For Medical Foods To Treat The Patients Suffering From Diabetic Neuropathy In The Forecast Period Of 2022-2027


Global Medical Foods Market To Be Driven By Increasing Demand For Medical Foods To Treat The Patients Suffering From Diabetic Neuropathy In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Medical Foods Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, give

Testosterone Replacement Therapy or a Testosterone Booster
Biomedical Waste Management Market Estimated to Flourish by 2031
The Uses of a Hemp Wick Lighter

The new report by Expert Market Research titled, ‘Global Medical Foods Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global medical foods market, assessing the market based on its segments like administration, product type, application, sales channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents –

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 6.0%

The diabetic neuropathy segment is expected to have a considerable market share in the medical food business, based on application. This increase can be related to rising diabetes rates over the world. According to the World Health Organization, 1.5 million people died from diabetes in 2019. Diabetes can also lead to other serious health problems like blindness, renal failure, strokes, and heart attacks, to name a few.

Diabetic neuropathy is nerve damage that occurs as a direct result of diabetes, and it is critical to maintain blood sugar management. Medical foods are being favoured in this regard to help patients manage their right diets, as diabetes may be controlled and cured by eating a healthy diet, engaging in physical activities, and visiting the doctor on a regular basis. In the projected period, these factors are expected to boost demand for medical foods to treat diabetic neuropathy.

During the projected period, North America is expected to have a large share of the medical foods market. The existence of significant market players in the region is responsible for this growth. The availability of state-of-the-art healthcare infrastructure and increased investments in the healthcare industry are also helping the regional market flourish. Furthermore, the expanding senior population, which is at a higher risk of contracting diseases, is expected to boost business growth. In the coming years, growing disposable incomes and higher living standards are likely to contribute to total market growth.

Industry Definition and Major Segments

Medical foods are specialized foods that are taken or delivered enterally under the direction of a physician. Generally, these are used in specialized dietary management. Medical foods also contain highly purified therapeutic substances that give sustenance while also aiding in the treatment of certain diseases or health conditions. Based on the medical needs of patients, certain foods are changed to include specific nutritional ingredients.

By route of administration, the market is bifurcated into:

• Oral
• Enteral

On the basis of product type, the market can be segmented into:

• Pills
• Powders
• Others

Based on application, the industry can be distributed into:

• Chronic Kidney Disease
• Minimal Hepatic Encephalopathy
• Chemotherapy-induced Diarrhea
• Pathogen Related Infections
• Diabetic Neuropathy
• Depression
• Alzheimer’s Disease
• Nutritional Deficiency
• Orphan Disease

o Phenylketonuria
o Eosinophilic esophagitis
o Others

• Others

Based on sales channel, the market can be categorized into:

• Online Sales
• Institutional Sales
• Retail Sales

The regional markets for the product include:

• North America
• Europe
• the Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

In the approaching years, the medical foods business is expected to develop due to the rising prevalence of chronic diseases. According to WHO figures, 17.9 million people died from cardiovascular illnesses in 2019, accounting for 32 per cent of all fatalities worldwide. Furthermore, between 2000 and 2016, there was a 5% increase in diabetes-related premature deaths. In this context, medical meals are becoming more widely used to help patients satisfy their nutritional needs while also lowering their mortality risk. Furthermore, the expanding senior population, which is more prone to serious illnesses and injuries, is expected to drive demand for medical meals. Furthermore, greater awareness of medical foods, as well as a growing consciousness of health and well-being, are expected to help the business flourish.

Key Market Players

The major players in the market are Danone S.A, Nestle S.A, Abbott Nutrition, Targeted Medical Pharma Inc., and Primus Pharmaceuticals, Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.