The global medical foods market is expected to reach a value of USD 24.4 billion by 2025. 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 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.
- Targeted Medical Pharma
- Primus Pharmaceuticals Inc.
- Fresenius Kabi AG
- MEIJI HOLDING AND CO.
- Mead Johnson & Company, LLC;
Key Topics Covered:
1 Research Methodology
2 Executive Summary
3 Medical Foods Market Variables, Trends & Scope
4 Medical Foods: Route of Administration Estimates & Trend Analysis
5 Medical Foods: Product Estimates & Trend Analysis
6 Medical Foods: Application Estimates & Trend Analysis
7 Medical Foods: Regional Estimates & Trend Analysis, by Route of Administration, Product, and Application
8 Competitive Landscape
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