Medical foods are foods that are intended to be ingested or supplied under the supervision of a physician as the sole means of managing an illness or condition whose particular nutritional requirements have been established through medical evaluation. Special infant formulae, formulations for metabolic diseases, oral rehydration products, and products for chronic diarrhoea, as well as formulas for people with diabetes, AIDS, kidney illness, or inborn metabolic defects, are examples of medical foods. The PESTLE analysis, PORTER’s five force analysis, and segment analysis by product, route of administration, application, sales channel, and region are included in the Medical Foods Market research.
Medical Foods Market Scope:
The report includes qualitative and quantitative analysis of the Medical Foods Market based on segmentation involving economic and non-economic factors. It also includes an in-depth analysis of the Medical Foods industry from various perspectives by employing Porter’s five forces analysis. The report provides insight into the Medical Foods Market through the value chain. The report offers historical data and forecasts revenue growth at country, regional and levels along with an analysis of the market trends in each of the sub-segments and regions. The competitive landscape in the report includes details by Medical Foods competitors including company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The bottom-up approach was used to estimate the and regional Medical Foods Market size.
Medical Foods Market Overview:
Stellar Market Research provides a comprehensive description of Medical Foods Market which helps to understand its feature in an optimized way. The projected statistics, significant advancements and income are all included in detail in the Medical Foods research paper.
Medical Foods Market size was valued at US$ 17.03 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 6.5% through 2021 to 2027, reaching nearly US$ 26.46 Bn.
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Medical Foods Market Segmentation:
The market is divided into two sections based on the route of administration: oral and enteral. The growing usage of the oral route for therapeutic meal administration is likely to boost segment expansion in the global market during the forecast period. A growth in the manufacture of oral goods such as powders, pills, and pre-thickened products is also likely to boost sector adoption over the projection period. Modulen, for example, is a Nestle medical food product that helps Crohn’s disease sufferers restore nutritional requirements. These are the reasons projected to fuel the growth of this sector in the Medical Foods market between 2021 and 2027.
The medical foods market is divided into four categories: pills, powder, liquid, and others. This is owing to the widespread commercial availability of powdered medical meals. Furthermore, the segment growth is being fueled by rising demand and convenience of consumption among paediatric and geriatric patients suffering from a variety of chronic ailments. Powder formulations, which can be administered to patients of all ages via enteral and oral methods, are also widely suggested by clinicians and are likely to boost segment expansion. Manufacturers are also focusing on creating consumer-friendly medical meals.
The market is divided into three segments based on the sales channel: online sales, institutional sales, and retail sales. In 2021, the institutional sales channel, which includes hospitals, home care settings, and disability facilities, accounted for over 40.0% of total revenue. An growth in patient visits to hospitals and other healthcare institutions for the diagnosis and treatment of a variety of chronic and dietary disorders is driving the market. Medical meals are recommended by doctors for the treatment of various ailments. Furthermore, patients’ increased preference for contacting a doctor at a hospital for chronic disease care is likely to fuel the market. Furthermore, the global chronic illness patient population, as well as the growing number of private and governmental healthcare institutions.
Medical Foods Market Key Players:
Nestle
Danone
Abbott
Mead Johnson & Company, LLC
Fresenius Kabi
Targeted Medical Pharma, Inc.
Primus Pharmaceuticals, Inc.
Medtrition, Inc.
Reckitt Benckiser Group plc.
Metagenetics, Inc.
Cerecin Inc.
Alfasigma USA, Inc.
Regional Analysis:
Each regional Medical Foods market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Medical Foods market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Medical Foods report.
Key Questions answered in the Medical Foods Market Report are:
- What is Medical Foods ?
- What are the trends in the Medical Foods Market?
- What are the upcoming industry applications and trends for the Medical Foods Market?
- What are the factors contributing to the final price of Medical Foods ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Medical Foods Market?
- How is the intervention from regulatory authority shaping the Medical Foods Market?
- What growth strategies are the players considering to increase their presence in Medical Foods ?
- Who are the leading manufacturers in Medical Foods Market?
- What are the major challenges that the Medical Foods Market could face in the future?
- Which region held the largest Medical Foods market share?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of each segment and their sub-segments
- Landscape- Leading key players and other prominent key players.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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