Global Medical Foods Market is Projected to Grow $30.4 Billion By 2027 | Grand View Research, Inc.

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Global Medical Foods Market is Projected to Grow $30.4 Billion By 2027 | Grand View Research, Inc.

August 17
15:09 2020
Global Medical Foods Market is Projected to Grow $30.4 Billion By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global medical foods market size was valued at USD 18.4 billion in 2019 and is projected to register a CAGR of 6.3% over the forecast period.

The global medical foods market size is expected to reach USD 30.4 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 6.3% over the forecast period. This market is driven by rising geriatric population, increasing prevalence of chronic diseases, and growing focus of policymakers on the management of malnutrition. Dietary management of chronic diseases and rare disorders is the emerging focus area for manufacturers of medical foods, which is also positively impacting the market growth. Patients with chronic diseases develop nutritional deficiencies owing to adverse effects of the disease or the drugs that are used for treatment. Medical foods address these nutritional deficiencies, further driving their consumption.

Moreover, rising prevalence of chronic diseases requiring nutritional management of patients is a key factor which is expected to drive the market growth. According to WHO Noncommunicable Diseases Progress Monitor (2017), chronic diseases such as cancer, diabetes, and cardiovascular diseases are among the leading causes of death globally, accounting for nearly 70.0% of the deaths worldwide. According to Milken Institute, the economic burden of chronic diseases in U.S. was estimated to be USD 1.1 trillion in 2016. A constant rise has been observed in the prevalence of chronic diseases such as Alzheimer’s disease, attention deficit hyperactivity disorder (ADHD), osteoporosis, osteoarthritis, and central nervous system disorders, which require clinical dietary management. Medical foods, also known as foods for special medical purposes, are intended for the dietary management of patients with impaired or limited capacity to digest, ingest, absorb, and metabolize a normal diet and for patients with special nutrient requirements

To Know More About Medical Foods Market, Access Sample Report @ https://www.grandviewresearch.com/industry-analysis/medical-foods-market/request/rs1

U.S. medical foods market size, by route of administration, 2016 - 2027 (USD Billion)

Diabetic neuropathy emerged as the largest application segment in 2019 owing to the increase in prevalence of diabetes and rise in the number of patients that are at risk of developing some level of neuropathy. Various initiatives are being undertaken for dietary management of diabetes and are among the key market drivers. However, the chronic kidney diseases segment is expected to witness the highest growth rate over the forecast period.

Further key findings from the report suggest:

  • Orally administered medical foods held the largest share in 2019 due to ease in administration along with high commercial availability
  • Diabetic neuropathy emerged as the leading application segment in 2019; however, chronic kidney disorder is expected to register the highest growth rate over the forecast period owing to the rising prevalence of chronic diseases such as cardiovascular diseases and cancer
  • Asia Pacific dominated the global market in 2019 due to the presence of several target diseases cases such as obesity and malnutrition in the region
  • Key players operating in the medical foods market include Danone S.A., Abbott Laboratories, Nestle S.A., Mead Johnsons & Company, LLC, and Fresenius Kabi.

Global medical foods market share, by sales channel, 2019 (%)

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/medical-foods-market

Grand View Research has segmented the global medical foods market on the basis of route of administration, product, application, sales channel, and region:

Medical Foods Route of Administration Outlook (Revenue, USD Million, 2016 – 2027)

  • Oral
  • Enteral

Medical Foods Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Pills
  • Powder
  • Others

Medical Foods Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Chronic kidney disease
  • Minimal hepatic encephalopathy
  • Chemotherapy-induced diarrhea
  • Pathogen-related infections
  • Diabetic neuropathy
  • ADHD
  • Depression
  • Alzheimer’s disease
  • Nutritional deficiency
  • Orphan diseasesOther
    • Phenylketonuria
    • Eosinophilic esophagitis
    • FPIES
    • Others

Medical Foods Sales Channel Outlook (Revenue, USD Million, 2016 – 2027)

  • Online Sales
  • Institutional Sales
  • Retail Sales

Table of Contents

Chapter 1 Research Methodology & Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information Procurement Purchased database: GVR’s internal database
1.3.2 Primary Research:
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Global Medical Foods Snapshot
Chapter 3 Global Medical Foods Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2. Related/ancillary market outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Pricing Analysis
3.4 User Perspective Analysis
3.4.1 Consumer behavior analysis
3.4.2 Market influencer analysis

… continued

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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