Global Medical Foods Market Size Analysis, 2018-2028

 

REPORT ID: BKR616Domain: Food & BeveragePublished Date: November 2018
Pages: 237Format: PDF

 

 

Global medical foods market size is estimated to be valued at USD 11.1 Billion in 2018 and will register a CAGR of 5.1% to create high collective revenue opportunity for industry players.

Exhibit 1: Medical Food Industry Growth Analysis

medical foods industry growth analysis 2018. Asia Pacific will register fastest CAGR, however, the revenue will be dominated by North America and Europe region. Many more players are expected to emerge in medical foods market in another ten years.

Medical Food Market Growth Analysis, By Region

Download Report Sample: Medical Foods PDF Sample

The industry has grown manifolds in last two decades, with most of the growth folding post 2010. Healthcare expenditure has increased not only in developed economies but also developing regions. Moreover, the in-patient to outpatient ratio has almost doubled in last two decades. As such, the industry holds immense potential for companies to capitalize. Various big companies along with emerging entrants are making foray in the market with different go-to-market strategies. Cutthroat competition has led the industry players to op for personalized solution. This helps companies to target their product efficiently across the clients. For instance, while Axona helps patients Alzheimer’s disease, Deplin of Pamlab acts as an adjunctive therapy for depression.

Medical Foods Market Drivers and Challenges

Many companies are emerging in medical foods market with different products. Nowadays, medical foods are available as capsule and tablet form. Furthermore, few companies are leveraging online sales channel to boost their sales volume. This is in line to industry trends shifting towards digital healthcare space. Online distribution mode has not only helped industry players to generate 1.8X higher sales, but also helping in setting up brand name among end-use consumers. Early entrants are expected to create higher opportunity.

Increase in medical foods market revenue is attributed directly to rising geriatrics population and personalized medicine.  As of 2017, personalized medicine is valued at USD 120 billion and will partially grow by 5% annually. These factors are expected to create revenue opportunity for industry players.

Also, point of care is higher in aging population wherein chronic diseases affect most. Over 80% of people aged 65+ suffers from atleast one chronic illness. Hypertension accounts for over half of the chronic illness. Changing lifestyle is further adding up complications to the life. As such, there is high demand for effective treatment and preventative measures.

Key Developments in Medical Foods Industry:

  • In 2017, Ajinomoto acquired equity position in Cambrooke Therapeutics Inc., to broaden the medical foods product portfolio.
  • In 2017, NattoPharma entered in partnership with Biolab Farmaceutica for commercialization of MenaQ7 Vitamin K2 in Brazil and neighboring countries.
  • In March 2017, BASF partnered with DIEM Labs in order to distribute BASF’s first line of medical food products for patients with NAFLD.

 Medical Foods Market Size and Forecast: By Disease Ailment

By disease indication, much of the demand is expected to generate from diabetic neuropathy. As per the estimates, diabetic neuropathy and ADHD are estimated to collectively account for 47% in 2017. Some of the key medical foods for diabetic neuropathy are Foltanx, Percura capsules, and METANX. While diabetic neuropathy will lose market share by 29 basis points, depression segment is expected to register highest increase in market share by 165 points. Competition is very high owing to which companies are trying to capitalize new business segment.

Successful product level strategy could help companies to gain competitive advantage. There exist high industry opportunity in eating disorder segment. It is expected to grow by 1.9X to create revenue opportunity bracket of USD 606 Million during the forecast period. Compared to other areas, eating disorder is characterized by presence of few players – thus lower competitive index and higher profit margins. However, the scenario differs from players to players.

Medical Foods Market Size and Forecast: Regional Analysis

Globally, North America and Western Europe collectively accounted for 64% of the global medical foods market revenue. The industry in these developed regions is growing at a percent higher than GDP growth rate. While collectively healthcare spending cedes to just 2% in these regions, medical foods market is registering a strong growth of above 3.5% annually. Well established healthcare amenities along with potential end-users and higher healthcare spending are expected to create favorable ecosystem for industry players. It is because of this that many industry giants are trying to either strengthen their market share or enter in the region. Various product and partnership level strategies took place in the region in last few years. Recently, in November 2017, – Ajinomoto Co., Inc. (“Ajinomoto Co.”) has acquired an equity position in U.S. medical foods company Cambrooke Therapeutics, Inc. for nearly USD 64 million. Similar such moves have been seen in 2010 and 2012. As such, it is expected that companies are highly focused towards capturing a major chunk of developed regions.

In Asia Pacific, Japan account for over half of the regional share. It accounted for 52% regional share in 2016. Unlike other counties in Asia Pacific, medical foods market is regulated in Japan – and thus is well established with global players operating in the country. In other parts of Asia Pacific, drug based therapies still holds the majority of market share. Medical nutrition will take time to gain foothold in the region. Though the region has high addressable market and could easily create revenue opportunity higher than North America and Europe combined. However, the key challenge exists in physicians’ lower awareness about medical nutrition benefits.

Medical Foods Market Size and Forecast: Competition Landscape

The global medical foods market outlook is highly consolidated with nearly 60 key players engaged in the industry. Some of the key medical foods market players are Abbott, Danone, Primus Pharmaceuticals, XYMOGEN, Targeted Medical Pharma Inc., Nestlé, Mead-Johnson, and Fresenius Kabi AG.

The companies are focused not only on product level strategies but also distribution channel. The main distribution points for these companies include dietitians, physicians, drug specialists, and prescribing nurses. Slowly, market is shifting towards online sales channel. Industry giants are trying to capitalize potential market of China and India – to assure long term revenue sustainability. Various developments were noted since 2010.  Most recently, in 2017, BASF entered in agreement with DIEM Labs LLC to commercialize its first U.S. medical food products for Non-Alcoholic Fatty Liver Disease (NAFLD) patients. In 2013, Nestle acquired Pam Labs and made equity investment in Accera in 2012. Similar such initiatives are expected to be seen over the forecast period.

Research Scope:

The medical food industry revenue is analyzed across:

By Disease Ailment

  • Diabetic Neuropathy
  • Depression
  • ADHD
  • Alzheimer Disease
  • Eating Disorders
  • Surgery and Trauma
  • Others

By Product Type

  • Pills and Tablets
  • Powder
  • Other Products

By Route of Administration

  • Oral
  • Enteral

Medical Foods Market Overview

  1. Executive Summary
  2. Research Methodology
    • Market Engineering Factors
    • Market Share Methodology
    • Secondary Sources Overview
    • Primary Research Impact
    • Abbreviations and Terminologies
  3. Medical Foods Market Overview
    • Market Outlook and Forecast
      • Historical Industry Size Analysis
      • Projected Industry Size Analysis
    • Growth Forecast Analysis Scenario
      • Conservative Scenario
      • Realistic Scenario
      • Optimistic Scenario
    • Dietary Supplements Vs Medical Foods
    • List of Key Medical Foods Players
      • Across Regions
    • Health and Wellbeing Spending Analysis, By Prominent Countries
    • Value Chain Analysis
      • Profitability Analysis, Across Nodes
      • List of Key Players and Competition Analysis, Across Nodes
    • R&D Spending Analysis
  4. Global Medical Foods Market Size Overview
    • Market Outlook and Forecast
      • Value Sales (US$ Million)
      • Growth Analysis
    • Leading Industry Players
  5. Medical Foods Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
      • Impact Analysis (2018 – 2028)
    • Market Restraints
    • Trends
      • Regional Trends
      • Product Trends
    • Opportunities
    • Manufacturing Outlook
    • Marketed Details
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  6. Medical Foods Pricing Analysis
    • Pricing Forecast
      • Developed Regions Scenario
      • Developing Regions Scenario
    • Pricing Trends
      • Historical Trends
      • Forecast Pricing Trends
  1. Medical Foods Market, By Disease Ailment
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Diabetic Neuropathy
      • Market Size Analysis, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Depression
      • Market Size Analysis, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • ADHD
      • Market Size Analysis, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Alzheimer Disease
      • Market Size Analysis, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Eating Disorders
      • Market Size Analysis, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Surgery and Trauma
      • Market Size Analysis, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Size Analysis, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  2. Medical Foods Market, By Product Type
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Pills and Tablets
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Powders
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  3. Medical Foods Market, By Route of Administration
    • Introduction and Key Trends
    • Market Share Analysis, 2018 and 2028 (%)
    • Oral
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Enteral
      • Market Value Forecast, 2017-2028, (US$ Mn)
        • Historical (2015-2017)
        • Projections (2018-2028)
      • Collective Revenue Opportunity
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  4. Medical Foods Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2018 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  5. North America Medical Foods Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Disease Ailment
    • Revenue Analysis (US$ Million), By Route of Administration
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • United States Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Canada Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Western Europe Medical Foods Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Disease Ailment
    • Revenue Analysis (US$ Million), By Route of Administration
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • Germany Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • France Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • UK Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Netherlands Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Spain Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • BENELUX Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Italy Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • NORDIC Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Central and Eastern Europe (CEE) Medical Foods Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Disease Ailment
    • Revenue Analysis (US$ Million), By Route of Administration
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • Russia Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Poland Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Ukraine Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Turkey Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Asia Pacific
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Disease Ailment
    • Revenue Analysis (US$ Million), By Route of Administration
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • China Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Japan Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • India Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Korea Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Australia Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • ASEAN Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Asia Pacific Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Latin America Medical Foods Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Disease Ailment
    • Revenue Analysis (US$ Million), By Route of Administration
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • Brazil Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Argentina Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Chile Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Mexico Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Uruguay Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Latin Ameica Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Middle East
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Disease Ailment
    • Revenue Analysis (US$ Million), By Route of Administration
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • GCC Animation Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Israel Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Iran Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Middle East Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Africa Medical Foods Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Disease Ailment
    • Revenue Analysis (US$ Million), By Route of Administration
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Country
      • North Africa Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Central Africa Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Africa Medical Foods Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
      • Introduction
      • Company Market Share by Regions
    • Key Distributors, By Regional Presence
    • Distribution Channel Matrix
    • Company Profiles
      • Abbott
        • Overview
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence
      • Danone
      • Primus Pharmaceuticals
      • XYMOGEN
      • Targeted Medical Pharma Inc.
      • Nestle
      • Mead-Johnson
      • Fresenius Kabi AG
      • Meiji Holdings
      • Friesland Campina
      • Unilever
      • RFM Corp
      • Cargill
      • Danone
      • Kellogg

Analyst Recommendations

 (Key Pointers Covered for all other companies)

Medical Foods Market Research Methodology

Global Medical foods market size is estimated to register a CAGR 5.1% during the forecast period to create a revenue opportunity of USD 7.1 billion over the forecast period. The industry is consolidated with leading players accounting for over 84% of global revenue share. Favorable government policies and product innovation is creating white spaces for industry players. Bekryl has been conducting in-depth research on medical foods industry since 2015, thereby offering most detailed strategic information on the industry. The recently updated report identifies global market size, key drivers, challenges and market strategies of key medical foods market players.

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Medical Foods Market Growth Forecasting Methodology

In order to prepare historical data and analyze Medical Foods market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers including physicians and other healthcare specialists and dietitians. Through this, we get to know actual demand for Medical Foods market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Medical Foods industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Medical Foods industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Medical Foods Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

To know more about our research methodology, visit https://bekryl.com/research-methodology

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2018-11-18T08:08:27+00:00 November 18th, 2018|