Market Outlook
The report makes an extensive study of the market’s historical growth drivers and restraints and presents a comprehensive overview of the market’s growth prospects over the forecast period till 2023. According to the report, the global medical nutrition market is expected to exhibit a CAGR of 5% over the forecast period from 2018 to 2023.
Medical nutrition comprises diet strategies used to address the specific dietary needs of patients suffering from diseases that necessitate a change in the patient’s dietary profile. Medical nutrition plays a particularly prominent role in the treatment of chronic diseases such as diabetes, cancer, and immune system disorders. The rising prevalence of these and other chronic diseases is likely to be the major driver for the global medical nutrition market.
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Regional Analysis:
Regionally, the global medical nutrition market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa.
North America is likely to remain the leading contributor to the global medical nutrition market over the forecast period due to the presence of an advanced healthcare sector and rising prevalence of diseases that necessitate intervention in the form of medical nutrition therapies, such as diabetes and gastrointestinal disorders.
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Key Players:
Leading players in the global medical nutrition market include Grifols SA, Abbott Nutrition, Danone Nutricia, Nestlé Health Science, Bayer AG, Sanofi, Fresenius Kabi AG, Baxter Healthcare Corporation, Pfizer Inc., Danisco, Mead Johnson Nutrition Company, B. Braun Melsungen AG, and GlaxoSmithKline PLC.
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Segmentation:
The global medical nutrition market is segmented on the basis of type (patient demographic), product type, route of administration, application, distribution channel, and region.
By type, the global medical nutrition market is segmented into sports nutrition, pediatric nutrition, elderly nutrition, and parenteral nutrition.
By product type, the global medical nutrition market is segmented into amino acid solutions, lipid emulsions, trace elements, chamber bags, and a wide range of vitamin and antioxidant products.
By route of administration, the medical nutrition market is segmented into oral, parenteral, and others.
By application, the global medical nutrition market is segmented into parenteral malnutrition, gastrointestinal diseases, neurological diseases, pulmonary diseases, renal failure, diabetes, and cancer.
By distribution channel, the market is segmented into hospitals, retail pharmacies, compounding pharmacies, and e-commerce websites.
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