Global Medical Nutrition Market Share to register a valuation of USD 83.33 billion by 2028

Date: February 03, 2023

Global Medical Nutrition Market Share to register a valuation of USD 83.33 billion by 2028

Credible researchers assert that global Medical Nutrition Market, which garnered a valuation of USD 55,200.65 million in 2022, is expected to reach USD 83,330.8 million in revenues by the end of 2028, thereby showcasing a CAGR of 6.06% through the forecast period.

‘Global Medical Nutrition Market’ study carefully examines the market based on historical and current trends while unveiling lucrative opportunities that are anticipated to emerge in the ensuing years. It gathers all of the important data about the sector's many segments and well-known geographical areas. The report thoroughly evaluates the major factors of the industry in terms of growth drivers, as well as threats faced by the market to provide a holistic approach for tackling the same. The competitive landscape is also highlighted in the report, including the dominant firms utilizing the most effective tactics to maintain a strong foothold in the business landscape.

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COVID-19 impact:

The COVID-19 pandemic had a significant impact on global medical nutrition market. On one hand, the pandemic has resulted in increased demand for medical nutrition products as more people staying at home required specialized nutrition products. On the other hand, supply chain disruptions, restrictions on movement & distribution, and reduced healthcare spending have negatively impacted the market. Additionally, many patients had postponed their visits to hospitals and clinics, which reduced the demand for the products. However, the market is expected to recover in the coming years as the global economy stabilizes and people return to their normal routine.

Segmentation & Regional Overview:

In terms of type, the market is classified into sport nutrition, geriatric nutrition, adult nutrition, and pediatric nutrition. Considering application ambit, consumer products, metabolic disorders, neurological diseases, diabetes, pulmonary diseases, cancer, renal failure, gastrointestinal diseases, and pediatric malnutrition are the different segments within worldwide medical nutrition industry.

From a geographical viewpoint, Asia Pacific, North America, Europe, South America, and Middle East & Africa are the regional backdrops assessed in this industry report.

Competitive Analysis:

Key firms have been utilizing cutting-edge tactics to boost revenue during the stipulated period. To provide new competitors with a clear picture of the current situation, the report includes a detailed assessment of the competitive landscape.

Infaprim, Ajinomoto Co. Inc., Grifols S.A., B. Braun Group, Baxter International Inc., Glanbia Performance Nutrition (Glanbia plc), Danone S.A., Fresenius Kabi AG, Mead Johnson & Company LLC, Nestlé S.A., and Abbott Nutrition are the major corporations in global medical nutrition industry.

FAQs:

How are the different segments in global medical nutrition market bifurcated by type?

A: Sport nutrition, geriatric nutrition, adult nutrition, and pediatric nutrition. are the types assessed in global medical nutrition market report.

Which are the prominent companies influencing global medical nutrition market dynamics?

A: Infaprim, Ajinomoto Co. Inc., Grifols S.A., B. Braun Group, Baxter International Inc., Glanbia Performance Nutrition (Glanbia plc), Danone S.A., Fresenius Kabi AG, Mead Johnson & Company LLC, Nestlé S.A., and Abbott Nutrition are the major corporations in global medical nutrition industry.

Which are the pivotal regions included in the study of worldwide medical nutrition market?

A: Asia Pacific, North America, Europe, South America, and Middle East & Africa are the regional backdrops assessed in this industry report.

Which are the basic applications reviewed in global medical nutrition market report?

A: Consumer products, metabolic disorders, neurological diseases, diabetes, pulmonary diseases, cancer, renal failure, gastrointestinal diseases, and pediatric malnutrition are among the applications of this industry reviewed in the research.

How is global medical nutrition market likely to perform during 2022-2028?

A: Global medical nutrition market is expected to reach USD 83,330.8 million by 2028, showing a 6.06% CAGR during the forecast period.

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