Global Medical Nutrition Market, by Nutrition Type (Proteins, Carbohydrates, Multi-vitamins and Antioxidants, Amino Acids, Fibers, Minerals, and Others), by Patient Type (Infant Nutrition  Adult Nutrition, and Geriatric Nutrition ), by Indication (Diabetes, Cancer, Gastrointestinal diseases, Metabolic Syndromes, and Others), by Route of Administration (Oral , Enteral, and Parenteral), by End User (Hospitals, Home Care Setting, Long Term Care, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 13,554.5 Million in 2022 and is expected to exhibit a CAGR of 5.8% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.

The increasing adoption of inorganic growth strategies such as acquisition by the key players in the market is expected to drive the market growth over the forecast period. For instance, in June 2020, Nestle, one of the global leader in the field of nutritional science, acquired Vital Proteins, America’s leading collagen brand. This acquisition will expands the nutritional wellness platform of nutritional products by launching a premium products and science-backed products using leveraging resources, scale and capabilities of Vital Proteins.

Global Medical Nutrition Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.

However, the COVID-19 pandemic had a significance impact on the medical nutrition market, owing to the nutritional needs in COVID-19 patients. For instance, in October 2020, Baxter, one of the global leader in nutrition therapy supports the findings of ongoing study, "Persistent Hypermetabolism and Longitudinal Energy Expenditure in Critically ill Patients with COVID-19 (LEEP-COVID),".The study was done with help of indirect colorimetry to check the accuracy of measuring COVID-19 patient nutritional needs. Progressive hypermetabolism was observed in 22 U.S. patient which were assessed for 21 days.

Global Medical Nutrition Market: Key Developments

In September 2022, Tata Consumer Products Limited, a consumer goods company, enters health supplements segment and launched Tata GoFit, a plant protein powder, a health supplement range for women which is a plant-based easy-to-mix product formulation. Tata GoFit consists of digestion-friendly enzymes and gut-friendly probiotics for women.

In October 2022, Sun Pharma Consumer Healthcare, one of the subdivision of Sun Pharmaceutical Industries Ltd, initiated a campaign featuring Revital–H, a market leader in the multivitamin category in India with a name “Apni Body Ki Suno” which suggested that due to hectic lifestyle and incomplete diet is making fatigue and lack of stamina. Thus, Revital-H unique combination of Natural Ginseng, 10 Vitamins & 9 Minerals, which will helps boost energy and improves stamina, ensuring charged and energetic body.

Browse 47 Market Data Tables and 35 Figures spread through 156 Pages and in-depth TOC on “Global Medical Nutrition Market”-  Forecast to 2030, Global Medical Nutrition Market, by Nutrition Type (Proteins, Carbohydrates, Multi-vitamins and Antioxidants, Amino Acids, Fibers, Minerals, and Others), by Patient Type (Infant Nutrition, Adult Nutrition, and Geriatric Nutrition), by Indication (Diabetes, Cancer, Gastrointestinal diseases, Metabolic Syndromes, and Others), by Route of Administration (Oral , Enteral and Parenteral), by End User (Hospitals, Home Care Setting, Long Term Care, and Ambulatory Surgical Centers) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/medical-nutrition-market-925

Moreover, increasing prevalence of global population facing food insecurity at severe levels and child undernutrition is expected to drive the market growth over the forecast period. For instance, in July 2022, a data was published by UNICEF, United Nations International Children's Emergency Fund, an organization which helps children and adolescents and protect the rights of every child., has published a data according to which 11.7 per cent of the global population facing food insecurity at severe levels, while, 49 million have stunted growth and development due to a chronic lack of nutritious food in their diets while 39 million are affected by overweight.

Key Takeaways of the Global Medical Nutrition Market:

  • The global medical nutrition market is expected to exhibit a CAGR of 5.8 % during the forecast period due to the increasing adoption of strategies such as agreement by the key players for carrying out research activities to develop and expands medical nutritional business. For instance, in January 2020, Nestlé, one of the world's largest food & Beverage company, announced a definitive agreement with Allergen, gastrointestinal medication company, which has entered into an asset purchase agreement with Allergan to acquire the gastrointestinal medication Zenpep, which will enhance the medical nutrition portfolio of Nestle.
  • Among Indication, Diabetes segment is estimated to hold a dominant position in the global medical nutrition market over the forecast period, owing to the increase in prevalence of diabetes patients. For instance, in January 2022, according to the data published by CDC, Centers for Disease Control and Prevention, 37.3 million people have diabetes, among which 28.7 million people, including 28.5 million adults are diagnosed with diabetes.
  • Among regions, North America is estimated to account for the largest market share in the global medical nutrition market over the forecast period, owing to the organic strategies like product launch is expected to drive the market growth over the forecast period. For instance, in August 2022, Megalabs USA, a subsidiary of Megalabs Inc., that manufactures, markets and distributes pharmaceutical products and nutritional supplements announced the product launch of two nutritional products Abintra and Glutapak R in North America which include Enterex Diabetic, a nutritionally complete, high-protein shake specially formulate for people with diabetes, and Prunelax, a popular lineup of laxative supplements.
  • Major players operating in the global medical nutrition market include include Abbott, Baxter, Danone S.A., Nestlé, GSK Plc, Fresenius Kabi AG, Sun Pharmaceutical Industries Ltd, BASF SE and DSM

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