ALBANY, New York, August 10, 2018 /PRNewswire/ --
Transparency Market Research (TMR) delivers key insights on the
global Medical Nutrition market in its upcoming outlook
titled, "Medical Nutrition Market: Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2018-2026". In terms
of value, the global medical nutrition market is projected to
register a healthy CAGR of 6.2% during the forecast period due to
various factors, regarding which TMR offers vital insights in
detail.
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The increasing aging population is now recognized as a global
issue of importance. Changes in lifestyle have resulted in rapid
aging amongst the population, increasing the prevalence of various
diseases. The total aging population (over 65 years) has increased
from 9.2% in 1990 to 11.7% in 2013. The number of older individuals
is expected to grow from 841 Mn in 2013 to more than 2 Bn in 2050,
as per the World Population Report.
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Around two-thirds of general and acute hospital beds are used by
the geriatric population over 65 years, and people over 75 years
old have longer stays. The burden of the geriatric population
influences the demand and supply of nutritional food to this
population and is a major contributor to the medical nutrition
market. The prevalence of malnutrition in Europe and North
America is 1-15% in non- institutionalized elder population,
25-60% for older adults in geriatric care facilities, and 35-60% in
older adults in hospitals according medical research sources. The
rising use of home parenteral medical nutrition therapy by the
geriatric population with chronic illnesses such as diabetes,
cancer, and AIDS is anticipated to boost market growth.
Furthermore, the geriatric population is more prone to diseases
such as nervous disorders, Parkinson's, diabetes, and organ system
failure. Such patients suffer from restrictive food ingestion, and
require parenteral medical nutrition feeding to maintain their
nutritional levels.
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Parenteral medical nutrition administration demands regular
assessment and monitoring in order to avoid complications or side
effects. Inappropriate usage of this medical nutrition maximizes
the potential risk of adverse events such as re-feeding syndrome,
particulate contamination, catheter infections, and liver
dysfunction for the patients undergoing the medical nutrition
therapy. Catheter-related bloodstream infection (CRBSI) is a grave
complication among patients and requires frequent and expensive
parenteral medical nutrition therapy. An article published by the
American Society for Nutrition in 2014 also indicated that,
long-term parenteral medical nutrition therapy significantly
increases the risk of liver disease and metabolic complications in
patients. Another study published by the University Health Network
also states about the complications arising in the home parenteral
medical nutrition therapy while treating the metabolic bone disease
in patients. Moreover, problems such as allergic reactions,
shortness of breath, unexplained weight gain, muscle pain,
weakness, and loss of appetite are more common among patients
undergoing parenteral medical nutrition therapy. These
complications/side-effects are expected to restrain the medical
nutrition market growth.
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This report covers trends driving each segment and offers
analysis and insights of the potential of the medical nutrition
market in specific regions. North
America is expected to register high growth rates between
2018 and 2026 and is also expected to remain the largest market
through 2026. According to market attractiveness, North America and Europe are a relative more attractive markets
in the medical nutrition market. On the basis of product type, the
medical nutrition market is segmented as standard formula and
specialized formula. Other segments include flavor, indication,
distribution channel and end user. The indication segment is
further sub segmented as enteral and parenteral nutrition.
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Detailed profiles of the providers are also included in the
scope of the report to evaluate their long-term and short-term
strategies, key offerings and recent developments in the medical
nutrition space. Medical Nutrition key players include NUTRICIÓN
MÉDICA SL, Meiji Holdings Co., Ltd., Medtrition Inc., Baxter
International Inc., B. Braun Melsungen AG., Fresenius Kabi AG,
Danone Nutricia, Nestlé S.A., LLC, Otsuka Holdings Co., Ltd.
(Parent of Otsuka Pharmaceutical)Europe Ltd. and Abbott
Laboratories amongst others.
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