TMR’s report on the global medical foods market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the revenue of the global medical foods market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global medical foods market for the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ literature, annual reports, press releases, and relevant documents to understand the global medical foods market. Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts have also employed a combination of top-down and bottom-up approaches to study various phenomena in the global medical foods market. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study. Additionally, the report sheds light on the changing competitive dynamics in the global medical foods market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global medical foods market. The next section of the global medical foods market report highlights the USPs, which include drivers & restraints affect analysis, value chain analysis, key mergers & acquisitions, regulatory scenario, disease prevalence, and incidence rate on top players operating in the market for medical foods, and qualitative analysis of medical foods.
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GlobalMedical Foods Market Witness Most Promising Rise in Demand:
The medical foods market is slated to progress at a robust CAGR of ~6% during the forecast period. However, stringent regulations regarding medical foods such as prevention of adulteration and compliance with Current Good Manufacturing Practice (CGMP) regulations are posing as a barrier for product approvals. Hence, companies in the medical foods market are increasing efforts to refer published guidelines issued by the FDA (Food and Drug Association) that highlight some of the frequently asked questions of manufacturers. Such FAQs and other guidelines are helping manufacturers to gain better understanding of regulations.
The high prevalence of patients with metabolic disorders in the U.K. have become a growing concern for medical insurance companies due to a rise in insurance claims. Hence, companies in the medical foods market such as leading pharmaceutical company Galen announced the launch of PKU EASY Microtabs for patients with metabolic disorders in February 2020. Such product offerings are bolstering the growth for the medical foods market, which is estimated to reach a value of ~US$ 33.3 Bnby 2030.
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Apart from metabolic disorders, companies in the medical foods market such as producer of functional nutrition solutions SternLife, is acquiring proficiency to produce supplementary medical foods for the prevention of malnutrition. The demand for nutritionally complete medical foods is surging in patients suffering from malnutrition. As such, companies in the medical foods market are increasing their production capabilities in bars, powders, and thickening agents. This is evident since the revenue of powdered products is expected to register aggressive growth in the market for medical foods.
Key Players of Medical Foods Market Report:
Key players in the Medical Foods market have been profiled based on key aspects such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
The report also profiles the following major players in the global medical foods market based on various attributes such as company overview, financial overview, product types, business strategies, and recent developments. These include
- Nestlé S.A.
- Danone S.A.
- Abbott Laboratories
- Fresenius SE & Co. KGaA,
- Targeted Medical Pharma, Inc.
- Primus Pharmaceuticals, Inc.
- Reckitt Benckiser Group plc
- Meiji Holdings and Co., Ltd.
- Cerecin Inc.,
- Metagenics, Inc.
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