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Introduction to the Market
Medical or clinical nutrition is the nourishment or aliment given to people who are not able to obtain essential nutrients from ingested food or through body processes. Nutrition forms an important link between diet, health, and disease. The essential nutrients that a person should include in the diet are vitamins, carbohydrates, fats, proteins, and minerals in the required quantities. Medical nutrition helps to treat and control several diseases such as cardiovascular disease, diabetes, GI diseases, cancer, and kidney diseases through the supply of essential nutrients for the optimal functioning of various organs of the body. Medical nutrition is available in the form of liquids, powders, tablets, injections, or foods such as yogurt and probiotics.
The Global Medical Nutrition market is expected to grow at a steady pace, clocking a CAGR of 6.7 percent during the period 2012-2016. The market was dominated by the Americas in 2012, followed by the EMEA region and the APAC region. One of the main drivers in this market is a marked increase in the incidence and prevalence of various diseases and illnesses globally. Further, the increasing aging population worldwide, which is in need of medical nutrition products to treat various diseases and conditions, is contributing to the growth of the market. However, one of the major challenges in this market is the unfavorable reimbursement regulations imposed by the government in various countries. The lack of standardization in reimbursement norms for medical nutrition products has rendered these products unaffordable to price-conscious consumers.
The Global Medical Nutrition market was dominated by the Americas, followed by the EMEA region and the APAC region. The US represents the largest regional market for medical nutrition products in the Americas due to the increasing availability of innovative products and the growing aging population. In the EMEA region,
Europe represents the largest market for medical nutrition products. Within
Germany and the UK are expected to drive the growth of the market mainly because of the increasing aged population and the growing number of people suffering from health disorders. The high demand for medical nutrition products in
India are driving the growth of the market in the APAC region.
Product Segmentation Overview
The Global Medical Nutrition market is categorized into three product segments: Infant Nutrition, Parenteral Nutrition, and Enteral Nutrition.