San Francisco, 29 January, Medical Foods Market Analysis By Route Of
Administration, By Product Type, By Application Type (Diabetic Neuropathy,
[ADHD], Depression, Alzheimer's Disease, Nutritional Deficiency), And Segment
Forecasts, 2018 - 2025
The global medical foods market is expected to reach a
value of USD 24.4 billion by 2025, according to a new report by Grand View
Research, Inc. The medical foods market is anticipated to grow at a CAGR of
6.9% over the forecast period. The key factors supporting expansion include the
growing awareness about medical foods, improvement in patient healthcare
outcomes, rise in prevalence of several chronic diseases, increase in
malnutrition, and continuous innovation.
The use of medical foods to
assist the patients during the treatment of chronic diseases has been a
prevalent practice. However, lack of awareness about the proper usage, quality
concerns, and overlapping claims about benefits associated due to the usage of
medical foods have restricted the growth of medical foods market.
The difference between
functional foods, dietary supplements, and medical foods is still not clear for
several healthcare practitioners. Therefore, errors in prescription or use of
substitute products is a major trend observed in the market. Furthermore, the
regulatory uncertainty pertaining to the classification of medical foods as a
separate category has also affected the market growth.
The prevalence of chronic diseases
such as diabetic neuropathy, Alzheimer’s, Attention Deficit Hyperactivity
Disorder (ADHD), and several metabolic diseases is increasing rapidly The risk
of neuropathy significantly increases with increase in age, changes in diet,
and adoption of an unhealthy lifestyle. Some of the symptoms usually associated
with neuropathy include numbness, tingling, and pain in the feet, arms, &
legs. Furthermore, some of the key products used to treat this condition
include Percura capsules, METANX, and Foltanx.
The growing number of patients
with Alzheimer’s disease is also increasing rapidly. As per the estimates
published by the Alzheimer’s Society, in the U.S., an estimated 5.4 million
Americans across all ages are suffering from this disease. On further analysis of
the data, it is observed that nearly 5.2 million people are aged 65 and above.
Thus, rise in the geriatric population is also a major factor driving the
medical foods market.
Access Full Research
Report On Medical Foods Market Analysis:
Further Key Findings from the Study Suggest:
·
In 2015, oral route held the
highest share as majority of the products are administered through the oral
feeding
·
In 2015, powders category
accounted for nearly 79% of the market share
·
In 2015, diabetic neuropathy
was the largest application with a share of 34.3% owing to growing awareness
about nutritional requirements during the treatment of chronic diseases
·
Asia Pacific is expected to
lead the growth with a CAGR of 7.8% from 2016 to 2025
·
Some of the key players are
Danone; Nestlé; Abbott; Targeted Medical Pharma Inc.; Primus Pharmaceuticals
Inc.; Mead Johnson & Company, LLC.; and Fresenius Kabi AG.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the
medical foods market by route of administration, by product, by application,
and by region:
Medical Foods Route of
Administration Outlook (Revenue in USD Million, 2014 - 2025)
·
Oral
·
Enteral
Medical Foods Product Outlook
(Revenue in USD Million, 2014 - 2025)
·
Pills
·
Powder
·
Others
Medical Foods Application
Outlook (Revenue in USD Million, 2014 - 2025)
·
Diabetic Neuropathy
·
ADHD
·
Depression
·
Alzheimer’s disease
·
Nutritional Deficiency
·
Others
Medical Foods Regional Outlook
(Revenue in USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa
o
South Africa
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-medical-foods-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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