Market Research Insights

  San Francisco, 4 April 2024:  The Report  Medical Foods Market  Size, Share & Trends Analysis Report By Route of Administration, By Product (Powder, Pills, Liquid, Other), By Application, By Sales Channel, By Region, And Segment Forecasts, 2024 - 2030 The global medical foods market size is anticipated to reach USD 33.4 billion by 2030, growing at a CAGR of 5.1% during the forecast period, according to a new report by Grand View Research, Inc. Rising geriatric population, prevalence of chronic diseases, a shift toward consuming disease-specific formulas, and a growing demand for neonatal and preterm enteral feeding are some of the factors driving this growth. The oral route of the administration segment dominated the market in 2023. The major factors contributing to this growth include a high preference for oral medical foods owing to the ease of consumption and high commercial viability of products administered orally. In addition, these foods are available in a variety of forms

  San Francisco, 21 Apr 2022:  The Report  Medical Foods Market  Size, Share & Trends Analysis Report By Route of Administration (Oral, Enteral), By Product (Pills, Powder, Liquid), By Application, By Sales Channel, And Segment Forecasts, 2022 - 2030 The global medical foods market size is expected to reach USD 33.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2022 to 2030. Increasing incidences of chronic diseases, the rising geriatric population, and the growing burden of malnutrition are the major factors responsible for the substantial growth of the market over the years. For instance, according to a WHO report, about 149 million children under 5 were stunted and 38.9 million were obese or overweight due to undernutrition in 2020. The emerging focus of the policymakers to manage chronic disorders and nutritional deficiency is also anticipated to drive the adoption of medical foods over the years.  The or

  What is a medical food product? I am starting this journey to “understanding medical food product” with a most commonly asked question. Well, we have already discussed the basic meaning of  medical food  above. Now, let’s just listen to what Orphan Drug Act by the U.S. Food and Drug Administration (FDA) has to say. As per the act “a food which is formulated to be consumed or administered enterally under the supervision of a physician and which is intended for the specific dietary management of a disease or condition for which distinctive nutritional requirements, based on recognized scientific principles, are established by medical evaluation”. If we break it down, medical food has three prime characteristics: It involves such foods that meet  distinctive nutritional requirements  of an illness which can’t be met by dietary supplements. For example, Lunglaid is a medical food that is given to patients suffering from chronic asthma. It should be consumed/administered  orally  under th

  San Francisco, 22 April 2021:   The Report  Medical Foods Market  Size, Share & Trends Analysis Report By Route Of Administration, By Product (Pills, Powder), By Application, By Sales Channel, By Region, And Segment Forecasts, 2021 - 2028 The global medical foods market size is anticipated to reach USD 30.34 billion by 2028 according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% over the forecast period. Factors such as the growing prevalence of chronic conditions along with the increasing geriatric population adopting medical foods are positively impacting the growth. Rising awareness regarding clinical nutrition among healthcare professionals and patients is projected to further bolster the growth over the forecast period. Based on the route of administration, oral administration dominated the market in 2020. Factors contributing to the high share include high commercial viability of orally administered products and high preference for

San Francisco, 6 September 2019:  The Report   Medical Foods Market   Size, Share & Trends Analysis By Route Of Administration (Oral, Enteral), By Product (Pills, Powders, Others), By Application, By Sales Channel (Retail, Online, Institutional), And Segment Forecasts, 2019 – 2025 The global medical foods market size is expected to reach USD 27.20 billion by 2025, registering a CAGR of 6.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. Rising geriatric population and increasing prevalence of chronic diseases are among the key factors driving the market. According to the WHO estimates published in February 2018, the population aged 60 years and above is expected to increase from 12% in 2015 to 22% by 2050. Non-communicable diseases impose a high economic burden on health systems globally. According to a study conducted by the researchers from University of Liège, Belgium, the population suffering from sarcopenia in Europe is expected to increase from 1