Global Medical Nutrition Market: North America to be the Largest Market for Medical Nutrition by 2025

Albany, New York, October 6, 2017: The global nutrition market is projected to grow at a steady pace during the forecast period, according to a new report added to the repository of Market Research Reports Search Engine (MRRSE). According to the report titled “Medical Nutrition Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”, global revenues will grow at over 7% CAGR through 2025.

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The global medical nutrition market is impacted by a host of macroeconomic and microeconomic factors. Increase in the geriatric population remains one of the key factors impacting the global nutrition market. Restrictive ingestion of food and drinks necessitates the administration of drugs through parenteral route among the geriatric population. There has been an increasing emphasis on advancing parenteral route administering methods.

Malnutrition remains one of the pervasive issues in patients suffering from chronic illnesses. In many people suffering from COPD, malnutrition remains a key concern, which aggravates the disease as the patient does not get proper nutrients. Owing to these factors, demand for medical nutrition is witnessing a spike.

To give readers a detailed understanding on the global medical nutrition market, the report offers market segmentation and analysis on the basis of distribution channel, product type, nutrition type, and region. By product type, amino acid solution accounted for a sizeable share of global revenues. This product type is likely to stay lucrative during the forecast period as well.

By distribution channel, hospital pharmacies remain the largest distribution channel. In terms of revenue share, the hospital pharmacies segment accounted for over 60% revenue share of the global market, and it is expected that this segment will hold majority revenue share throughout the forecast period. On the other hand, the retail pharmacies segment is likely to be the second most lucrative segment in the global medical nutrition market.

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On the basis of nutrition type, parenterally administered is expected to represent an incremental growth of over US$ 2.5 bn during the forecast period. This segment is projected to grow to over US$ 6 bn in revenues, growing at over 7% CAGR during the forecast period.

North America represents the largest market for medical nutrition market globally. The medical nutrition market in North America is likely to grow at nearly 9% CAGR during the forecast period, and account for nearly US$ 2.4 bn in revenues by 2025.

The key players profiled in the global medical nutrition market include Sichuan Kelun Pharmaceutical Company Limited, B. Braun Melsungen AG., Abbott Laboratories, Baxter International Inc., Otsuka Pharmaceuticals Co., Ltd., Sanofi, Fresenius Kabi AG, Allergan, Pfizer, Inc., Demo S.A. Pharmaceutical Industry Mead Johnson & Company, LLC, Grifols S.A., Danone Nutricia.

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