Global Medical Foods Market Size Analysis, 2018-2028

REPORT ID: BKR615Domain: HealthcarePublished Date: 10-04-2018

 

 

The global medical foods market size is estimated to be valued at USD 10.6 Billion in 2017 and will register a CAGR of 5.1% to create collective revenue opportunity of USD 15 Billion over the forecast period.

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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. Hyper-competition has led to industry players opting 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.

Exhibit 1:

medical foods market growth and forecast

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.

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.

Medical Foods Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Medical Foods Market Value
    • Overall Market Forecast
    • Medical Foods Growth Outlook, By Segments
    • Medical Foods Growth Scenario, by Region
  6. The Medical Foods Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Medical Foods Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Medical Foods Market Pricing Analysis
    • Medical Foods Product Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Medical Foods Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Medical Foods Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Medical Foods Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Medical Foods Industry Size and Forecast, By Segments
    • 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
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Medical Foods Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Medical Foods Market, By Segments (As mentioned in section 10 of TOC)
    • S. Medical Foods Market Size and Forecast, By Segments
    • Canada Medical Foods Market Size and Forecast, By Segments
  2. Latin America Medical Foods Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Medical Foods Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Medical Foods Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Medical Foods Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Medical Foods industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Medical Foods Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Medical Foods Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Medical Foods Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Medical Foods Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Medical Foods industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Medical Foods Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Medical Foods Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Medical Foods Market, By Segments (As mentioned in section 10 of Medical Foods Market TOC)
    • Russia Medical Foods Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Medical Foods industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Medical Foods Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Medical Foods Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Medical Foods Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Medical Foods Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Medical Foods industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Medical Foods Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Medical Foods Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Medical Foods Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Medical Foods Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Medical Foods industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Medical Foods Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Medical Foods Industry Size and Forecast, (2017-2027)
    • Africa Medical Foods Industry Share (%)
    • Africa Medical Foods Industry Growth Forecast (%)
    • South Africa Medical Foods Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Medical Foods industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Medical Foods Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • Abbott
      • Danone
      • Primus Pharmaceuticals
      • XYMOGEN
      • Targeted Medical Pharma Inc.
      • Nestlé
      • Mead-Johnson
      • Fresenius Kabi AG.
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Medical Foods industry TOC and sample research pages, download sample.

What Will You Discover in the Report?

  • An in-depth analysis of the Medical Foods market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Medical Foods market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Medical Foods market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Medical Foods industry during the forecast period
  • Who are the Medical Foods industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Medical Foods Industry Suppliers
  • Medical Foods Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Healthcare Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Medical Foods market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Medical Foods Market Report Structure

Medical Foods Industry Dynamics

This section enables Medical Foods industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Medical Foods market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Medical Foods industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Medical Foods Industry Trends
  • Medical Foods Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Medical Foods Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Medical Foods industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Medical Foods industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Medical Foods market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Medical Foods Market Size

  • U.S.
  • Canada

Latin America Medical Foods Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Medical Foods Market value analyzed across each Latin America country)

Western Europe Medical Foods Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Medical Foods Market value analyzed across each Western Europe country)

Central and Eastern Europe Medical Foods Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Medical Foods Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Medical Foods Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Medical Foods Market value analyzed across each Asia Pacific country)

Middle East Medical Foods Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Medical Foods Market value analyzed across each Middle East country)

Africa Medical Foods Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

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.

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.

 



   
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By | 2018-04-26T04:51:40+00:00 April 10th, 2018|