Global Medical Nutrition Market is expected to grow at a rapid pace over the forecast period owing to increasing birth rate, rising number of malnutrition receiving treatments and increasing number of premature births, rising geriatric population coupled with life expectancy rate is expected to boost the demand for medical nutrition in the coming years. Furthermore, increasing healthcare awareness of medical nutrition among people and rising healthcare facilities have a positive impact on market. Increasing prevalence of diseases requiring additional nutrients such as diabetes, cardiovascular and dementia, increasing number of health conscious people among population and, changing lifestyle such as alcohol, smoking, more consumption of fast food are the drivers contributing to market growth.
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Rising geriatric population paired with loss of appetite is anticipated to create demand for medical nutrition market over the coming six years. At older age, it is difficult for human body to absorb all the required nutrients from food. Due to this, infants does not receive the sufficient amount of nutrients. Hence, the dependency on pediatrician increases. Rising homecare usage of nutritional products is projected to generate demand for the medical nutrition. In 2014, the premature birth rate reported in the U.S was about 9.6%. According to the WHO, every year around 15 million babies are estimated to have premature birth. On the basis of product type, market is segmented into infant, parenteral and enteral nutrition. Parenteral nutrition is the delivery of nutrition and calories into a vein. The required nutrients such as carbohydrates, fats, proteins, vitamins and trace elements are delivered into the veins as simple sugars. These are given to those patients who are unable to maintain their nutritional status by oral eating or by tube feeding.
Enteral nutrition is a tube feeding method which uses gastrointestinal tract to deliver calorie requirement. Enteral segment is considered to be the largest revenue-generating segment owing to increasing healthcare awareness level of the consumers and rising demand for nutritional products. Sports nutrition and therapeutic nutrition are the application segments of the medical nutrition market. In sports nutrition, many supplements for body building is used and healthy diet by athletes is required to increase their performance level and progression. Medical nutrition therapy (MNT) is important in managing or preventing diabetes. According to the American Diabetes Association, clinical trials of MNT have reported the decrease of Type 1 diabetes by 1% and Type 2 by 1% to 2% depending on the duration of diabetes.
The Major Players in global Medical Nutrition Market include
- PanTheryx, Inc.
- Nestle and many others
On the basis of product, the Medical Nutrition market is primarily split into
- Liquid Product
- Powder Product
On the basis on the end users/applications, this report covers
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Geographically, this report is segmented into several key Regions, with Sales, Sales, revenue, Market Share (%) and Growth Rate (%) of Medical Nutrition in these regions, from 2012 to 2022 (forecast), covering
- North America
- South America
- Middle East and Africa
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