Canada Medical Nutrition Market: Segmented by Ways of Administration (Parenteral Nutrition, Enteral Nutrition, and Oral), by Product Source (Vegetables, Fruits, and Others), By Application (Paediatric Malnutrition, Diabetes, Obesity, Renal Failure, Sarcopenia, and Cancer) & by End Users (Infants, Adults, and Geriatrics) – Growth, Trends, and Forecasts (2019 – 2028)
Canada’s Medical Nutrition market size stood at around USD XX.X billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of around 5.62% during the forecast period.
Nutrition therapy is a critical component of the management for people diagnosed with metabolic conditions to prevent acute complications, such as metabolic decompensation, and/or to prevent long-term complications of the given disorder. Dietary therapy is critical for normal growth and development, to prevent acute complications, or to prevent long-term complications of the given disorder. A failure to follow specific dietary treatment can lead to complications and even death in individuals with metabolic disorders. Nutrition therapy for patients with inherited metabolic disorders is lifelong. The management of patients with many inborn errors of metabolism requires a multidisciplinary approach that combines both nutrition and medical management.
The major factors attributing to the growth of the market are the aging population, increased disease diagnosis, increasing prevalence of metabolic disorders, and high spending on healthcare. The actual number of patients undergoing diagnosis of metabolic disorders has increased over the decade, hence, there is an increase in the number of patients diagnosed. Increasing cases of malnutrition due to the rapid spread of chronic diseases are expected to drive the global medical nutrition market. Chronic obstructive pulmonary disease (COPD) is one of the major causes of disability.
1. Canada Medical Nutrition Market Overview…………………………… A. Market Size 2. Market Driving and Factors………………………………….…………. A. Ageing population B. Increased disease diagnosis C. Increasing prevalence of metabolic disorders D. High spending on healthcare 3. Types of OTC drugs……………………………………………………………………… A. Paediatric Malnutrition B. Gastrointestinal Diseases C. Renal Failure D. Cancer E. Pulmonary Diseases F. Diabetes G. Neurological Diseases 4. Medical Nutrition Market Segmentation………………………………… A. By Ways of Administration a. Parenteral Nutrition b. Enteral Nutrition c. Oral B. By Product Source a. Vegetables b. Fruits c. Others C. By Application a. Paediatric Malnutrition b. Diabetes c. Obesity d. Renal Failure e. Sarcopenia f. Cancer D. By End User a. Infants b. Adults c. Geriatrics 5. Medical Nutrition Major Products Market Share……………………………… A. Market Analysis, Insights and Forecast – By Revenue 6. Competitive Landscape………………………………………………………………… A. Major Players B. Products in Pipeline 7. Key Company Profiles………………………………………………………………….. A. General Mills Inc. Company overview, Product & Services, Strategies & Financials B. Kellogg’s Company overview, Product & Services, Strategies & Financials C. Nestle Company overview, Product & Services, Strategies & Financials 8. Healthcare Policies and Regulatory Landscape…………………………………… A. Policy changes and Reimbursement scenario 9. Factors Driving Future Growth………………………………………………………… A. New Trends and Development of Medical Nutrition market B. Future Opportunities 10. Conclusion
By Ways of Administration:
Based on ways of administration this market is segmented into Parenteral Nutrition, Enteral Nutrition, and Oral. oral medical nutrition accounts for the largest share, in terms of value, in this segment. This is mainly because of the additional cost of processing the product/nutrient involved in enteral/parenteral routes. Until other routes of administration are deemed necessary, physicians mostly prefer the oral route, as it involves lesser complexities and costs, compared to the other two routes of administration. This is one of the reasons for the large market share, in terms of value, of orally administered medical nutrition.
By Product Source:
This market is divided into different segments based on the product source such as Vegetables, Fruits, and Others. When compared to artificial Nutrients, Products made with natural materials are given importance in the Canadian market.
Based on the application this market is divided into Paediatric Malnutrition, Diabetes, Obesity, Renal Failure, Sarcopenia, and Cancer. As diabetes and cancer disease diseases are more prevalent in Canada the nutrition market of these diseases is seeing more growth in Canada.
Based on end-user this market is segmented into Infants, Adults, and Geriatrics. The geriatric population maintains the largest share in the Canada Nutrition market. The number of elderly populations is expected to increase in the near future who are more prone to metabolic, neurological, and other disorders which will boost the market over the forecast period.
Some of the major players of the Canadian market are General Mills Inc., Kellogg’s, Nestle, Red Bull, and Magnum Nutraceuticals. Magnum Nutraceuticals is the most active among all the key players. It has actively expanded its facilities and entered into partnerships, along with new product launches, in the last five years. Companies in the nutraceuticals market are expanding their product portfolios, to strengthen their consumer bases and increase their brand visibility in the market.
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