Medical Nutrition Global Market Share Expected to USD 52.3 Billion at Growing CAGR of 5% till-end 2023

Medical Nutrition Market to obtain USD 52.3 Bn Revenue forecast period 2018-2023 | Medical Nutrition Industry

Pune, India - June 7, 2019 /MarketersMedia/ —

Medical Nutrition Market Highlights

As per the latest analysis by Market Research Future (MRFR), the worth of the global medical nutrition market is estimated to be highly lucrative by 2023. In addition, the market is expected to surge at a growth rate of 5% during the forecast period (2015-2023).

Medical nutrition addresses the dietary needs of patients with chronic diseases such as diabetes, cancer, immune system disorders, and others. Changing lifestyles of patients coupled with emergence of rare diseases have created the demand for medical nutrition.

Avail Free Sample Copy of Report https://www.marketresearchfuture.com/sample_request/1330

Latest Developments

May 2019

The All India Institute of Medical Sciences (New Delhi) has launched a new app which can be used by doctors for providing nutrition diet charts for patients who are about to undergo surgeries or cancer treatment. The body mass Index of a patient is considered before a surgery takes place, which requires the medical professionals to measure the fitness level of the patient so they can undergo the surgery. This is where the app come into play, providing the doctor with information regarding the medical nutrition level of the patient.

Competitive Landscape

Notable players in the medical nutrition market include

Grifols S.A. (Spain)
GlaxoSmithKline Plc (U.K.)
Abbott Nutrition (U.S.)
Braun Melsungen AG (Germany)
Danone Nutricia (France)
Mead Johnson Nutrition Company (U.S.)
Nestlé Health Science (Switzerland)
Danisco (Denmark)
Bayer AG (Germany)
Pfizer Inc. (U.S.)
Sanofi (France)
Baxter Healthcare Corporation (U.S.)
and Fresenius Kabi AG (Germany).

Browse Complete Premium Research Report Enabled with Detailed TOC at https://www.marketresearchfuture.com/reports/medical-nutrition-market-1330

Market Segmentation

The worldwide medical nutrition market has been segmented on the basis of type, product type, route of administration, application and distribution channel.

In terms of type, the medical nutrition market is considered for pediatric nutrition, parenteral nutrition, elderly nutrition, and sport nutrition. Between these, pediatric nutrition makes up the biggest share valued at USD 7,902.55 million, which is set to reach USD 9,121.97 million by 2023. Meanwhile, sport nutrition is projected to depict the fastest growth rate of 5.4% in the following years, in addition to reaching the valuation of USD 5,969.16 million.

Depending on the product type, the market can be broken down into amino acid solution, multiple vitamins & antioxidants, lipid emulsion, trace elements, chamber bags, and others. Amino acid solution is set to experience the best growth among these, with the estimated value of USD 12,307.25 million. The segment is expected to attain the value of USD 14,146.84 million during the evaluation period. But it is the chamber bags segment that is predicted to demonstrate the fastest growth rate of 5.39%, inching towards the value of USD 2,852.42 million by 2023.

The routes of administration covered in the report include parenteral, oral, and others. Parenteral covers the largest share worth USD 20,003.02 million, predicted to touch the valuation of USD 23,693.66 million by 2023. Although, the oral segment is poised to enjoy the highest growth rate of 4.47% compared to its counterparts, during the conjectured time frame.

Application-wise, the medical nutrition market has been segmented based on pediatric malnutrition, gastrointestinal diseases, renal failure, cancer, pulmonary diseases, diabetes, neurological diseases, and others. Pediatric malnutrition is believed to be on the way to obtain the maximum value of USD 14,675.13 million by 2023. Whereas, the diabetes segment is anticipated to be surging at the fastest CAGR of 4.44% between 2015 to 2023.

As per the distribution channel, the medical nutrition market caters to into hospitals, compounding pharmacy, retail pharmacy, and e-commerce websites. Hospitals is to garner the maximum share in the upcoming years, with its value set to cross USD 10,439.54 million and reach USD 12,262.16 million. On the other hand, the retail pharmacies segment is slated to thrive at the highest CAGR of 5.19% over the review period.

Ask for Discount at https://www.marketresearchfuture.com/check-discount/1330

Regional Insight

The geographical analysis of the medical nutrition market has been done for the key regions of the Americas, Asia Pacific (APAC), Europe, as well as the Middle East & Africa (MEA).

The Americas managed to attain the top spot, garnering the largest share in the medical nutrition sector market. The regional market was valued at USD 15,207.6 million in 2018, and is expected to cross that value to arrive at USD 17,765.1 million in the evaluation period.

Among the frontrunners is Europe, with the market just behind the Americas and is poised to increase from USD 13,008.4 million valuation of 2018 to the value of USD 16,036.4 million during the forecast period. The region is slated to grow at the rate of 4.3% in the years ahead.

The market growth in Asia Pacific region is expected to demonstrate the fastest growth rate of 4.5% during the appraisal period, with predictions of its valuation reaching the USD 12,092.7 million mark. The region boasts of a well-established healthcare sector, with several countries in the region currently striving to revamp the healthcare structure.

The Middle East and Africa market has been identified as the slowest growing market, in terms of revenue, with the projected value to be USD 6,501 million during the review period. Having said so, the growth rate of the regional market is believed to be better than that of the Americas, which is going to be 4.1% in the following years.

Get Help of Our Expert for any Query at https://www.marketresearchfuture.com/enquiry/1330

Contact Info:
Name: Mr. Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Magarpatta Road, Hadapsar, Pune.
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/medical-nutrition-market-1330

Source URL: https://marketersmedia.com/medical-nutrition-global-market-share-expected-to-usd-523-billion-at-growing-cagr-of-5-till-end-2023/521507

Source: MarketersMedia

Release ID: 521507