Medical Food Market (Mode of Administration - Oral, and Enteral; Products - Pills, Powders, and Other Products; Application - Chronic Kidney Diseases, Minimal Hepatic Encephalopathy, Chemotherapy Induced Diarrhoea, Pathogen Related Infections, Nutritional Deficiency, Orphan Diseases, and Other Applications; Sales Channel - Online Sales, Institutional Sales, and Retail Sales): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

A recent report published by Infinium Global Research on the medical food market provides an in-depth analysis of segments and sub-segments in the global as well as a regional medical food market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical food market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global medical food market. According to the report, the global medical food market is projected to grow at a CAGR of 5.4% over the forecast period of 2019-2025.

Market Insight

Medical foods are specialized food products to provide specific food ingredients to the patients. These food products are carefully prepared for patients as per their requirements.  The type of food products has a specific nutritional capability that cannot be supplied by the ordinary diet. As per the U.S. food and drug administration, it is a customized food that is consumed by the patients or sometimes orally administrated to them. It is provided to the patients under the supervision of skilled healthcare professionals. Additionally, these food products are customized to provide the specific dietary requirement of the patients for the short term.

Increasing the prevalence of chronic diseases is the key factor in driving the growth of the medical food market. Further, the growth of the organized retail hospital chain who is pro-consumer health in the short term is helping to boost the demand for medical food products. Additionally, the growing awareness among healthcare professionals for the different types of customized medical food for the patients is helping to grow the demand for medical food around the world. However, the cost factor of the medical food products is restricting its use in the few consumer groups. The government initiative to provide better health care facilities in the developing countries is expected to boost the demand of medical food products around the world.

North America is the largest player in the medical food market, owing to the presence of several medical food companies in this region. Further, the highest per capita income and healthcare expenditure in this region provides a growing demand for a medical food market. Moreover, the presence of the large consumer group in this region is helping to grow this market. The Asia-Pacific is growing with a healthy CAGR for the medical food market owing to the increasing demand for medical food for the quickest recovery of the patient. Moreover, the increasing sales of medical foods in China and India are contributing to the growth of the market in this region.

Segment Covered

The report on the global medical food market covers segments such as mode of administration, products, application, and sales channel. On the basis of mode of administration, the sub-markets include oral, and enteral. On the basis of products, the sub-markets include pills, powders, and other products. On the basis of application, the sub-markets include chronic kidney diseases, minimal hepatic encephalopathy, chemotherapy induced diarrhoea, pathogen related infections, nutritional deficiency, orphan diseases, and other applications. On the basis of sales channel, the sub-markets include online sales, institutional sales, and retail sales.

Companies Profiled:

The report provides profiles of the companies in the market such as Primus Pharmaceuticals, inc., Meiji Holdings Company, Ltd., Accera, Inc., Alfasigma S.p.A., Fresenius Kabi, Mead Johnson, Targeted Medical Pharma, Abbott Laboratories, Nestlé S.A., and Danone S.A.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the medical food market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.