The global medical food market is anticipated to grow at a significant CAGR during the forecast period. Various formulas specifically designed to aid in managing particular medical conditions or diseases falls in the category of medical food. Medical food is also commercially available in the form of oral rehydration products, which are medical equivalents to sports drinks that replace electrolytes. The factor including increasing incidence of diseases such as diabetes and Alzheimer's is anticipated to drive the market growth. In addition, the presence of a large number of products under clinical trials and their commercialization is fuelling the market growth during the forecast period.
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Adverse effects of various chronic diseases and drug use during the treatment make the patients suffer from various nutrients deficiencies which can be addressed with medical food. This results in an increased demand for medical food in the market. Moreover, the recently observed consumer shift towards adopting healthy alternatives in day to day life in order to stay naturally healthy and prevent diseases is also driving the growth of the global medical food market.
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Global Medical Food Market Segmentation
By Type
• Pills
• Powder
• Others
By Applications
• Chronic Kidney Disease
• Diabetic Neuropathy
• Attention Deficit Hyperactivity Disorder(ADHD)
• Depression
• Nutritional Deficiency
• Others
By Route of Administration
• Oral
• Enteral
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Abbott Nutrition (Abbott Laboratories, Inc.)
• Alfasigma spA
• Baxter International Inc.
• Cerecin Inc.
• Danone SA
• Fresenius Kabi AG
• GenMont Biotech Inc.
• GlycosBio Food Sciences
• Mead Johnson & Co., LLC
• Meiji Holdings Co., Ltd.
• Metagenics, Inc.
• Nestle S.A
• NutriLeads
• OptiBiotix Health Plc
• Otsuka Pharmaceutical Factory, Inc.
• Primus Pharmaceuticals, Inc.
• Reckitt Benckiser Group plc
• Targedys
• Targeted Medical Pharma, Inc.
• Zenova Bio Nutrition
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