Medical Nutrition Forecast, 2021-2026
The global Medical Nutrition Market was valued at $45.1 billion in the year 2020. It is poised to grow at a CAGR of 7.2% over the forecast period of 2021-2026. Medical nutrition often relates to the intake of necessary vitamins, minerals, or other supplements to keep health upright or even to fight certain diseases. Acute malnutrition is one of the leading causes of the use of medical nutrition supplements. The stage of malnutrition is attained when one doesn’t intake a required form of protein or other necessary components that one’s body needs to function. It is mainly caused by the restricted food supply, which is still prevalent in undeveloped or developing countries. Therefore, a medically approved nutritional diet is recommended post nutritional assessment. A nutritional assessment has four components, starting with a data collection of one’s height and weight and goes to noticing the medical, dietary supplements required to aid one’s diet and health. Gynecologists often ask breastfeeding mothers to intake supplements and other medically approved nutrition, which will increase the infant’s disease-fighting capability and protect them against catching secondary infections. Infant formula is yet another nutritional aspect to support the infants, and the food is only created to support the dietary wants of the newborn. In a wide variety of vitamins, there are several essential ones which act as an antioxidant, that in turn help the body to neutralize the free radicals present. Constipation, diarrhea, heartburn, or abdominal pain are some of the most common symptoms of gastrointestinal disorders. An intake can effectively treat the following condition of certain supplements, which have all the medical nutrition present. The following reasons, along with the rising geriatric population on a global scale, will supplement the growth of the global medical nutrition industry.
Report Coverage
The report: “Medical Nutrition Market Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Global Medical Nutrition Market.
By Route of Administration – Oral, Eternal and Parental.
By Therapeutic Application – Malnutrition, Metabolic Disorders, Gastrointestinal Diseases, Cancer, Neurological Diseases and Others.
By End User – Paediatric and Adults.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa)
Key Takeaways
- North America dominated the market in the year 2020 due to a lethal surge of Covid-19 and the increasing share of the geriatric population in the region.
- Asia-Pacific shows signs of optimal growth in the forecast period owing to a sustained malnutrition case and other metabolic ailments.
- The premium report will contain an in-depth analysis of strengths, weaknesses, opportunities, and threats.
- The surge in the geriatric population in predominant regions and the associated medical disorders will drive the market in the forecast period.
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The rising senior population on the global level will create a demand for medical nutrition supplements.
As per the WHO report on aging, the North American region geriatric population is growing in the component share of the people. For example, in the USA, the adults aged 65+ constituted 15.2% of the entire population, while the children under 18 only constituted 22.8. However, the figures are supposed to be in reversal by the year 2060, as the component share of adults will be 23.4%, while the younger ones would only constitute 19.8%. As per the projections further, by the year 2034, the USA adult population will be equal to the younger, and both will be at 77 million.
Like the North American region, the Asia Pacific region has started showing a rising trend for the geriatric population as well. By 2050, one in four people in the area will belong to the senior population. Thereby, 1.3 billion people will belong to the geriatric segment. But again, the region average will highly depend on the status, i.e., whether they are developing, developing, or underdeveloped. Due to this reason, Japan, the Republic of Korea, and Singapore will have 33% of the population above 60.
Now the aged population is more likely to be diabetic or suffering from any metabolic disorders, which will lead them to use medical nutrition to tackle the said disorder. Often, the surgeries performed on such individuals need guidance from a nutritionist. Medical nutrition therapy would be recommended, which will help them manage their sugar level during life.
Outpatient settings for treating acute malnutrition patients will help the medical nutritional market.
Acute malnutrition is defined by extremely low weight for the said height as per the WHO standards. The primary standard set by the WHO to help the severe epidemic is to provide proper nutrition to the mother and their children. 35% of the death in children below five is owed to malnutrition. Moreover, authorities claim that the fatality can be brought down by 55% in the hospital setting owing to proper follow-up of a medical nutritionist and other metabolic changes. Although, not all the affected need to be admitted to the hospital as various cases with no medical complications can be cured in outpatient settings or community programs. The benefit of such settings is that a maximum reach can be obtained, and generic care in terms of metabolic health can be issued. The outpatient nutrition is gaining traction as, for example, a Refugee camp at Dosseye located near the African republic border was conferred as an outpatient medical nutrition camp. IMAM- Integrated Management of Acute Malnutrition as a support feature is taught to the children and their mothers. The purpose of IMAM is to counsel on the grounds of child feeding and essential medical nutrition. The program has success, as out of 4,326 children treated, 3,053 were cured.
Medical Nutrition Market Challenges
A lower knowledge of the concept of medical nutrition can dampen the growth of this market.
Medical nutrition is still a new subject or a topic on which the current population has little to no idea. Specifically, in low literacy and no oversight of multinational corporations, the knowledge seems to be on the lower end. For example, Yemen is prone to seeing a lot of cases of acute malnutrition. To quote, out of 1.4 million children present, 10% of them suffer from acute malnutrition. Moreover, a surge of 15.5% was alone seen in 2020 owing to covid disruptions, political disruptions, and other socio-economic factors. Additionally, the market penetration for more prominent brands is not prevalent in these regions. The following reasons can hamper the market growth of the global medical nutrition market.
Medical Nutrition Market Landscape
The global medical nutrition market adapts to the strategies such as acquisition, mergers and product launches to sustain and propel in the market. The top 10 companies operating the global medical nutrition markets include:
- Abbott Nutrition
- Nestle Health Sciences
- Baxter Healthcare
- B. Braun Melsungen AG
- Danone
- Gentiva Health Sciences
- Kendall
- Hero Nutritional’s
- Mead Johnson and Company
- Hospira Inc.
Medical Nutrition Market Developments
- In April 2020, Aymes launched a product by the name of “Aymes Active Smoothies.” The target audience for the product are the malnutrition kids, who are suffering from it or who are on the verge of being one. It is a vegan-oral medical nutritional supplement.
- In September 2020, Baxter received the US FDA nod to produce and provide clinimix and clinimix-e; both the products have high protein content and are designed for patients requiring parenteral nutrition. In addition, the new formulations of the product give up to 60% more protein.
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