The global medical nutrition market size stood at around USD 41 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
Medical nutrition is the focused constituent of patient’s health management. It assesses nutrition status in the patients and it helps in boosting their immune system and supports their medical condition. It is used by dieticians or doctors as drug complements in conventional therapies. Medical nutrition includes modification of diet, education & counselling, intravenous nutrition, tube feeding, medical food, and imparts self-diagnosis medication. Medical nutrition plays a vital role in preventing diseases such as Alzheimer’s, HIV, sarcopenia, obesity and diabetes.
Market Drivers and Restraints
The major factors impacting the growth of this market include increasing incidences of diseases requiring additional nutrients and increased awareness among the population about the benefits of medicated foods and beverages. Changing lifestyles such as habitual smoking, alcohol, extended work hours, and reliance on fast-food has resulted in the lack of adequate nutrients that is also one of the reasons contributing to the growth of medical nutrition industry market. High birth rate and high number of premature birth and growing geriatric population is influencing the medical nutrition uptake.
However, the factors that are limiting the development of the market are high price, stringent regulations and critical reimbursement policies. Lack of awareness also limits the medical nutrition market.
Medical Nutrition Market by Major Diseases
The major disease includes pediatric malnutrition, gastrointestinal diseases, renal failure, cancer, pulmonary diseases, diabetes and neurological diseases.