The medical foods market is predicted to experience noticeable growth in the future! Allied market research [2019–2027]
The rise in the number of geriatric population with chronic diseases such as sarcopenia & an increase in awareness among the population regarding medical foods.
NE WIN SIVERS DRIVE, PROVINCE: - PORTLAND, UNITED STATES, November 8, 2021 /EINPresswire.com/ -- According to the report by Allied Market Research, titled, "Medical foods Market By Route of Administration (Oral, Enteral), by Product (Pills, Powder, Others), By Application (Chronic kidney disease, Minimal hepatic encephalopathy, Chemotherapy-induced diarrhea, Diabetic neuropathy, ADHD, Nutritional deficiency), and Distribution Channel (Online distribution, Retail distribution, Others): Global Opportunity Analysis and Industry Forecast 2019–2027". The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Medical foods Market Report Overview:
The global medical foods market is experiencing a major growth, and will grow considerably in next few years. Medical foods are specially framed and processed foods for dietary management and for people in need of distinctive nutrition’s that cannot be met by normal diet alone. The medical food also helpful for specific disease such as Alzheimer’s, diabetic neuropathy, nutritional deficiency, depression, and others. The route of administration can be through oral or enteral route depending on the absorption capacity of the patient. The medical foods formulated to be consumed or administered enterally under the supervision of doctors. Further, it is recommended by a physician as part of an overall diet to manage and reduce the risk of a disease or condition or symptoms.
Comprehensive competitive analysis and profiles of major market players, such as
Major players analyzed include Nestlé S.A., Fresenius SE & Co. KGaA, Danone S.A., Targeted Medical Pharma, Inc., Primus Pharmaceuticals, Inc., Abbott Laboratories, Meiji Holdings and Co., Ltd., Reckitt Benckiser Group plc, Cerecin Inc.,, and Metagenics, Inc.
COVID-19 scenario analysis:
The nutrition management/treatment is very important to enhance immune response against RNA viral infection. Thus, prevention, diagnosis and treatment of malnutrition should therefore, be routinely included in the management of COVID-19 patients. For instance, according to the Food and Agriculture Organization, 2019, around 256.1 million people of the globe are undernourished.
Initiatives’ taken by the governments to improve the health of the patients during this pandemic for medical supplies deliveries implemented in various countries.
Detailed COVID-19 Impact Analysis on Market: https://www.alliedmarketresearch.com/request-for-customization/11549?reqfor=covid
New product launches and collaborations to flourish the market
The launches of new products and constant innovations have significantly driven the market growth. For instance, For instance, in 2019, Ironshore pharmaceuticals launched Jornay PM extended-release capsule, a CNS stimulant approved by the FDA for the treatment of ADHD patients. Further in 2020, innovative medical food has launched an innovative medical food PKU EASY Microtabs for people diagnosed with rare metabolic disorder in UK. Furthermore, In January 2020, Nestlé entered into an asset purchase agreement (APA) to expand its business of medical nutrition by acquiring Zenpen.
Key benefits of the report:
1) This study presents the analytical depiction of the global medical foods industry along with the current trends and future estimations to determine the imminent investment pockets.
2) The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global medical foods market share.
3) The current market is quantitatively analyzed from 2020 to 2027 to highlight the global medical foods market growth scenario.
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Questions answered in the Medical foods Market research report:
What are the leading market players active in the medical foods market?
What current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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