Global Rx
Medical Food Market, by Product Type (Pills, Powder, Liquid and Others
(wafers, chewables, and bars)), by
Therapeutic Application (Pain Management, Pain Management, Neurological
Disorder, GI Disorder, Pulmonary Disorders, Metabolic Disorders, and Others
(fibrosis, dialysis, AIDS, etc.)) by Distribution Channel (Retail Pharmacies
and Online Pharmacies), and by Region (North America, Latin America, Europe,
Asia Pacific, Middle East, and Africa), is estimated to be valued at US$
19,387.3 million in 2020 and is expected to exhibit a CAGR of 6.8 % during the
forecast period (2020-2027), as highlighted in a new report published by
Coherent Market Insights.
Medical nutrition is important
for management of certain chronic conditions such as diabetes, obesity,
constipation, malabsorption, indigestion, etc. It also helps to maintain
healthy lifestyle, improve appetite and food intake, it lowers the risk of nutrient
deficiencies and other health conditions.
Medical nutrition is recommended
for patients of all ages including infants, adults, and geriatrics who are
susceptible to conditions such as diabetes, obesity, renal failures, chronic
diseases, neurological diseases, and others. These factors have led to an
increase in demand for medical nutrition.
Manufacturers are focused on
developing and launching medical food products with improved therapeutic
effects and different dosage forms for ease of administration and patient
convenience which is expected to drive growth of the Rx medical food market.
For instance, in March 2020,
Conagen Inc., a biotechnology company, announced that it has developed a
sustainable proprietary lactoferrin protein that mirrors the nutritional
properties of lactoferrin from breast milk. In February 2020, Danone, a
food-products corporation, launched the Aptamil baby formula pack with dual
outer and inner QR codes for tracking and connecting services.
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Similarly, in April 2017, Abbott
Laboratories launched science-based nutrition drinks such as Ensure Surgery
Immunonutrition Shake and Ensure Pre Surgery Clear Nutrition, which are
designed to support immune health, reduce insulin resistance, and fasten
surgery recovery time.
In April 2017, Cambrooke
Therapeutics Inc. launched Tylacti COMPLETE Bars, a nutritionally complete
medical food for dietary management of Tyrosinemia (TYR). Furthermore, in
September 2016, Cambrooke Therapeutics Inc. launched a new and improved
Glytactin Complete Bar, a medical food for the dietary management of
Phenylketonuria (PKU).
Rx Medical Food Market - Impact
of Coronavirus (Covid-19) Pandemic
The coronavirus pandemic has
negatively impacted the development, production, and supply of Rx medical food
worldwide during the coronavirus pandemic. Many production and manufacturing
facilities and transport departments have suspended operations at their Rx
medical food factories to stop the spread of virus. Thus, this pandemic has
affected both demand and supply of Rx medical food.
Since December 2019, a novel
coronavirus spread throughout China and across the world, causing a continuous
increase in confirmed cases within a short period of time. The disease has
spread to more 100 countries around the globe with the World Health
Organization declaring it a public health emergency.
For instance, according to the
World Health Organization Coronavirus Disease (COVID-19) Dashboard (WHO)
report, the manifestation of the coronavirus disease (COVID-19) has resulted in
more than 11 million infected individuals worldwide as of July 2020.
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/rx-medical-food-market-909
Following the spread of the
coronavirus, several companies operating in the Rx medical food market are
investing in development of new Rx medical food products to boost immunity in
the body.
For instance, Danone’s nutrition
health department, Nutricia is supporting research from independent medical
professionals to define guidelines for nutritional care of COVID-19 patients
recovering after intensive care unit (ICU) admittance.
In May 2020, Danone’s nutrition
health department, Nutricia, announced that clinician-initiated research
projects in 16 countries around the world will be supported by Nutricia with
grants totaling around US$ 1.1 million.
Browse 35 Market Data Tables and
35 Figures spread through 228 Pages and in-depth TOC on Rx Medical Food Market,
by Product Type (Pills, Powder, Liquid and Others (wafers, chewables, and bars)), by Therapeutic Application (Pain
Management, Pain Management, Neurological Disorder, GI Disorder, Pulmonary Disorders,
Metabolic Disorders and Others (fibrosis, dialysis, AIDS, etc.)) by
Distribution Channel (Retail Pharmacies, and Online Pharmacies), and by Region
(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)-
Forecast to 2027"
Key Takeaways of the Rx Medical
Food Market:
The global Rx medical food market
is expected to exhibit a CAGR of 6.8% during the forecast period (2020-2027)
owing to launch of Rx medical food products.
Among product type, the pills
segment is expected to hold a major revenue share in 2027 owing to the
increasing number of product launches. For instance, in June 2018, VAYA Pharma,
Inc. expanded its medical food product offerings with the introduction of an
extra-strength formula called Vayarin Plus, which caters to the clinical
dietary management of ADHD (Attention-deficit/hyperactivity disorder) in
adolescents as well as adults weighing more than 97 lbs.
Major players operating in the
global Rx Medical Food Market are Abbott Laboratories, Danone S.A., Mead
Johnson & Company, LLC, Fresenius Kabi AG, Nestle S.A., Primus
Pharmaceuticals, Inc., Targeted Medical Pharma Inc., Pivotal Therapeutics Inc.,
VAYA Pharma, Inc., and AlfaSigma S.P.A.
Buy-Now this research
report: https://www.coherentmarketinsights.com/insight/buy-now/909
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
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