Medical Nutrition Market Size, Share, Trends, Growth 2030

Medical Nutrition Industry Prospective:

The global medical nutrition market size was worth around USD 47.10 billion in 2022 and is predicted to grow to around USD 69.80 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.04% between 2023 and 2030.

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Medical Nutrition Market: Overview

Medical nutrition is a formal therapy that aims to treat certain medical conditions that rely heavily on nutritional quotients. It involved the curation of an informed, evidence-based diet and nutrient-rich eating plan with the final aim to manage, prevent, or cure a specific medical condition. The process of developing a customized nutritional plan is known as medical nutrition therapy (MNT). Years of conclusions drawn from evidence-based medical research have resulted in the development of a comprehensive understanding of diet-related key parameters that determine overall human health. These parameters include nutrition, diet, and health outcomes that can be achieved with the right combination of the parameters.

The medical nutrition plan is mostly drawn by a registered dietician who is entirely aware of the patient's medical problems, lifestyle, and end goals in terms of health. Furthermore, every MNT strategy is different since it is customized as per the medical requirements of the patient. The essential characteristics of medical nutrition may differ in their comprehensiveness and duration. The demand for medical nutrition is steadily improving as consumer awareness is on the rise.

Key Insights:

• As per the analysis shared by our research analyst, the global medical nutrition market is estimated to grow annually at a CAGR of around 5.04% over the forecast period (2023-2030).
• In terms of revenue, the global medical nutrition market size was valued at around USD 47.10 billion in 2022 and is projected to reach USD 69.80 billion, by 2030.
• The medical nutrition market is projected to grow at a significant rate due to the growing cases of chronic and life-threatening medical conditions.
• Based on indication segmentation, cancer was predicted to show maximum market share in the year 2022.
• Based on patient type segmentation, geriatric nutrition was the leading segment in 2022.
• On the basis of region, North America was the leading revenue generator in 2022.

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Medical Nutrition Market: Growth Drivers

Growing cases of chronic and life-threatening medical conditions to drive market growth

The global medical nutrition market is expected to grow due to the increasing number of cases of serious chronic medical conditions that may turn fatal if kept unchecked or unregulated. According to the international healthcare body World Health Organization (WHO), the primary causes of death on a global scale can be broadly classified into three categories. They are neonatal conditions, respiratory issues, and cardiovascular diseases (CVD). Research indicates the importance of medical nutrition when managing CVDs such as myocardial infarction, coronary artery disease, stroke, and heart failure.

People suffering from CVDs or those who are considered at a higher risk of contracting the condition are often suggested to undergo medical nutrition therapy since it can help curb risk factors or help the patients manage the symptoms. As per data published by WHO, cardiovascular diseases claim the lives of more than 17.9 million people every year. The growing population and changing lifestyle have resulted in an increased rate of deaths caused by CVDs. Certain patients cannot be treated with medical interventions alone and require the aid of medical nutrition for a prolonged and relaxed life.

Increasing access to information and a better understanding of the importance of nutrition to propel market growth trend

Greater access to the Internet has been essential in promoting patient awareness. The general population has a better understanding of the need and importance of incorporating well-informed and researched medical nutrition into their lifestyle especially when living with serious medical issues. For instance, patients with diabetes must control the carbohydrate content in their meals. This form of awareness helps practitioners in the global medical nutrition market to generate higher confidence among patients.

Medical Nutrition Market: Restraints

Growing cases of fraudulent industry experts restrict market growth

The global medical nutrition industry is likely to be restricted by the increasing cases of fraud or unregistered industry experts. A medical nutrition plan has to be drafted by an authorized professional since although conceptually gaining nutrition from diet sounds simple, in reality, it is a complicated concept that requires a deeper understanding of nutritional needs and the optimum method to obtain them. However, the market for medical nutrition is currently filled with several self-declared medical nutrition experts that provide superficial information and may lead to additional adverse reactions.

Medical Nutrition Market: Opportunities

Increasing access to healthcare worldwide may lead to further growth opportunities

The global medical nutrition market is projected to encounter growth opportunities due to the increasing access to primary medical care worldwide. The need for a functional and accommodative global healthcare system has reached its peak. The requirement was further impacted by the impacts of COVID-19 on healthcare infrastructure across the globe as medical facilities fell short of dealing with a large-scale pandemic. It acted as a triggering point for world health leaders to invest higher resources toward the development of a robust healthcare system.

In March 2022, the Australian government announced that it would be investing around AUD 132 billion between 2022 and 2023 to develop a stronger healthcare environment. On the other hand, in June 2023, the World Bank announced the issue of a US$450 million Program-for-Results loan with the aim of providing necessary assistance to the Government of Morocco. Through this, the government plans to improve access to quality health services in the country that is also considered the world’s most comprehensive health system reforms on a global scale. As access to healthcare grows, the demand for medical nutrition will surge in the coming years.

Growing research and development (R&D) in the medical nutrition industry to generate new expansion possibilities

The medical nutrition industry will be further impacted by the growing R&D in terms of learning more about the several parameters of therapeutic nutrition. This includes researching several components of nutritional food and they interact with disease-causing components in the body. Furthermore, efforts are being made to improve the overall effectiveness of medical nutrition thus driving market demand.

Medical Nutrition Market: Challenges

Ensuring patient adherence to challenge market growth

The global medical nutrition market will be challenged by the difficulties faced by practitioners of medical nutrition in ensuring that the patients adhere to the program. The success rate of MNT depends on the patient's willingness to conform to the program, which can be difficult, especially for patients who do not take personal health seriously.

Medical Nutrition Market: Segmentation

The global medical nutrition market is segmented based on indication, nutrition type, patient type, administration route, and region.

Based on indication, the global market is divided into cancer, diabetes, metabolic syndromes, gastrointestinal disease, and others. In 2022, the highest growth was observed in the cancer segment due to the extensive prevalence of cancer worldwide. As per WHO, more than 10 million deaths in 2020 were caused by cancer. Patients undergoing treatment for the deadly disease are required to follow a specific diet and nutrition program that helps them cope with the extremely strong and discomforting medical treatment procedures.

Based on nutrition type, the global market is segmented into minerals, multivitamins, carbohydrates, proteins, amino acids, fibers, and others.

Based on patient type, the global medical nutrition industry is divided into geriatric nutrition, adult nutrition, and infant nutrition. In 2022, the geriatric population was the leading patient type. Elderly citizens are more prone to certain chronic conditions requiring them to take the assistance of MNT for comfortable living. For instance, people over the age of 45 years are at a higher risk of diabetes as compared to others.

Based on administration route, the global market segments are parenteral, enteral, and oral.

Medical Nutrition Market: Report Scope

Medical Nutrition Market: Regional Analysis

North America to continue its dominance streak during the projection period

The global medical nutrition market will be led by North America during the forecast period. Countries such as the US and Canada showcase a more aware consumer base. They have higher access to quality medical care. The regional governments spend a considerable share of total regional expenditure on improving healthcare access and performance. In 2021, as per official reports, the US healthcare spending reached USD 4.3 trillion thus accounting for more than 15% of the total gross domestic product (GDP).

On the other hand, the patient awareness rate in the US is significant. The growing medical tourism in the country as patients from across the globe visit the US every year for treating serious medical conditions such as cancer has further resulted in better regional revenue. Europe is a crucial market and it is projected to deliver higher CAGR during the projection period. The growing geriatric population is a leading contributor to regional growth trends. As of 2022, around 21.1% of the European population was over the age of 65 years, as per Eurostat.

Medical Nutrition Market: Competitive Analysis

The global medical nutrition market is led by players like:

• Fresenius Kabi AG
• Nestlé Health Science (Nestlé S.A.)
• Mead Johnson Nutrition
• Abbott Laboratories
• B. Braun Melsungen AG
• Danone S.A.
• Pfizer Inc.
• Baxter International Inc.
• Ajinomoto Co. Inc.
• MNI
• Perrigo Company plc
• Herbalife Nutrition Ltd.
• Nutricia
• GlaxoSmithKline plc
• Mars Incorporated

The global medical nutrition market is segmented as follows:

By Indication

• Cancer
• Diabetes
• Metabolic Syndromes
• Gastrointestinal Diseases
• Others

By Nutrition Type

• Minerals
• Multivitamins
• Carbohydrates
• Proteins
• Amino Acids
• Fibers
• Others

By Patient Type

• Geriatric Nutrition
• Adult Nutrition
• Infant Nutrition

By Administration Route

• Parenteral
• Enteral
• Oral

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa