Medical Foods Market
Global Market Study on Medical Foods: Increasing Spending on Medical Food Products in Metabolic Disorders to Boost Growth
- Report code : PMRREP26854 |
- Industry : Life Sciences & Transformational Health |
- Published On : Jan-2019 |
- Pages : 218 Pages |
- Format :
Positive Paradigm for the Reimbursement of Medical Foods
The market for medical foods is expanding to geographical regions where methods for nutritional care are not present. Most of the market is consolidated with a few players. A majority of the medical foods market is concentrated in geographical locations such as the U.S. and Europe. Prescription drugs are subsidized by healthcare plans from insurance companies based on each region’s reimbursement plan. Therefore, the inclination to adopt such insurance-mandated medical food reimbursement policies creates a positive environment for the company involved in the market. These kinds of initiatives affect the overall market, where market participants benefit from plans that help the overall medical foods market. Policy differences allow manufacturers to lower the prices of their medical food products, which would enhance the affordability for consumers and assist market infiltration. Though, the case is not so easy for insurance companies who are consistently opposing such regulations for medical foods, as this would practically decrease their profits. The absence of regulations and proper standards for medical foods makes the situation trickier. Perhaps it would easily allow other items that may not be authentic medical foods to be added in the list of medical foods.
Product Development for New Indications
Medical foods were initially developed to address certain indications such as malnutrition among children and inborn error metabolism. Within the medical foods industry, companies who lead the market such as Nestlé, Abbott, and Fresenius Kabi have established themselves as strong resources for medical food products for diseases, including maple syrup urine disease (MSUD) and phenylketonuria (PKU). Companies with broad product portfolios for different indications allow them to have a strong grip in the medical foods market, and have a continuous revenue flow through concerned business segments. If those methods of product development change with unmet indication categories, it is likely that the demand for better services and product candidates would significantly rise. The market for medical foods is in the growing phase, where manufacturers are coming up with products used for new disease indications. Thus, product development among most of the companies involved in the market for medical foods helps in leading their way through this market.
Close to 70% Revenue Contribution by Leading Manufacturers in the Medical Foods Market
The medical foods market is not a regular market as far as marketing regulations are concerned. It has a series of labeling requirements, consolidated and dominated by global manufactures, and provides accessibility to reasonable products which decreases profitability for manufacturers. Companies such as Nestlé S.A., Abbott, and Danone S.A. account for a majority of revenue in the medical foods market. Smaller companies in the medical foods market such as Targeted Medical Pharma Inc., Primus Pharmaceuticals, Inc., and Fresenius Kabi AG show big potential, which would help in product variations and break the consolidated nature of the medical foods market.
Competitive Landscape
The report provides a detailed understanding of most competitors in the medical foods market. The study provides complete data on each market participant in the medical foods market. Companies like Nestle S.A., Abbott Laboratories, Alfasigma spA, Cerecin Inc., Danone S.A., Targeted Medical Pharma Inc., Primus Pharmaceuticals, Inc., Fresenius Kabi AG, Metagenetics, Inc. and Reckitt Benckiser Group plc are included in the study. The report provides readers with all-encompassing data on each medical food product manufacturer’s revenue share, winning strategies, and latest information on key strategies in the concerned market. A comprehensive analyst opinion on the concerned topic is also provided with brief insights.
About the Report
The market study on medical foods was recently published by the company. It provides comprehensive information about the most important market dynamics that prove instrumental in the growth of the concerned market during 2018-2026. Companies in the medical foods market can find the most accurate quantitative and qualitative information about the growth parameters of other medical food manufacturers, which can help them develop business strategies in the coming future.
Segmentation
The company’s report on the medical foods market provides in depth information on the current market scenario. The medical foods market is segmented by geographical region, product type, form, application, and distribution channel. This provides a vigorous segment-wise analysis and growth reasons for each segment in the medical foods market. Based on geographical region, the medical foods market is segmented into five regions – North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA). By product type, the market is segmented into nutritionally complete formulas, nutritionally incomplete formulas, and oral rehydration products. Depending on application, the medical foods market is segmented into ADHD, depression, diabetes, cancer, Alzheimer's disease, metabolic disorders, and others. By form, the medical foods market is segmented into powders, liquid, capsules, tablets, and bars. By distribution channel, the medical foods market is segmented into hospital pharmacies, retail pharmacies, online pharmacies, drug stores, and supermarkets.
Additional Questions Answered
Readers can find detailed information about the important factors affecting the medical foods market during the forecast period. Additionally, the concerned market report also contains valuable information that can provide medical foods manufacturers with answers to critical questions, such as:
- Which product type accounts for the maximum demand for the concerned market? Why is it so?
- Why does North America account for a maximum share in the overall medical foods market?
- Labelling requirements for medical foods in prominent regions?
- What are the strategies being applied by manufacturers in order to sustain themselves in the competitive market?
Research Methodology
The process of market research followed at the company commences with extensive secondary research of the medical foods market. Analysts obtain industry-validated historic and current data about the demand for medical foods across the globe. Comprehensive secondary research is followed by extensive and in-depth primary research, where detailed information about the medical foods market is obtained in terms of value (US$ Million). Based on thorough secondary and primary research of the growth parameters of the medical foods market, analysts come up with the most precise forecast on how the medical foods market will grow during the forecast period.
A recent market study published by the company – 'Medical Foods Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026', consists of an inclusive assessment of the most important market dynamics on medical foods. We have directed a complete research on the current market structure and scenario for medical foods, which marks a direct market overview. Growth scenarios and market potential are obtained with maximum precision, and adjudged with suitable assumptions. The report features unique and relevant factors that may have a huge impact on the development of the concerned market during the forecast period. This report includes a detailed and considerable amount of inclusion, which would help new manufacturers with the most comprehensive way for better understanding
Chapter 1 – Executive Summary
The report commences with the executive summary of the medical foods market report, which includes the summary of key findings and key statistics of the market. It also includes the market value (US$ million) for leading segments of the medical foods market.
Chapter 2 – Market Introduction
Readers can find a detailed market structure and definition of medical foods and product types in this chapter, which helps them better understand the basic information about the concerned market. The definition section considers the factors included and excluded for the purpose of this report.
Chapter 3 – Market Overview
Readers can find the global medical foods market outlook considering various factors associated with the growth, which would help them track the market’s current scenario, with key inferences drawn from historical data, current trends, and future prospects. Macro-economic factors influencing the market are also discussed in this segment. A brief understanding of the global healthcare and food and beverage sector outlook is also provided in this section.
Chapter 4 – Market Dynamics
Readers can find various macro-economic factors associated with the growth of the market. This chapter highlights key market dynamics, including the drivers, restraints, and trends. In this chapter, readers can understand the factors that are propelling the growth of the market, along with factors that may deter the growth of the market. Also, readers will understand the key trends followed by the leading manufacturers in the medical foods market.
Chapter 5 – Medical Foods Market: Key Inclusions
Key pointers such as reimbursement scenario, labelling, patents issued, and parent market analysis are also included in the medical foods market report.
Chapter 6 – North America Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026
This chapter includes detailed analysis of the growth of the North America medical foods market, along with a country-wise assessment of the U.S. and Canada. Readers can also find historical trends and market attractiveness based on product type, form, application, distribution channel, and country in the North American region.
Chapter 7 – Latin America Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026
This chapter includes detailed analysis of the growth of the Latin America medical foods market, along with a country-wise assessment, including Brazil and Mexico. Market attractiveness based on various segments is provided for the Latin American region.
Chapter 8 – Europe Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026
Important growth prospects of the medical foods market can be found with market attractiveness based on product type, form, application, and distribution channel in several European countries such as Germany, France, Italy, Spain, U.K. and the Rest of Europe are included in this chapter.
Chapter 9 – Asia Pacific Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026
India, ASEAN, China, and Japan are the leading countries in the Asia Pacific region that are assessed to obtain the growth prospects of the Asia Pacific medical foods market in this chapter. Readers can find thorough information about the growth parameters. Market attractiveness based on product type, form, application, and distribution channel for medical foods in the Asia Pacific region is also provided in this section.
Chapter 10 – MEA Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026
This chapter provides information on how the medical foods market will grow in major countries of the MEA region, such as GCC Countries and South Africa, during the period of 2018-2026.
Chapter 11 – Forecast Factors: Relevance and Impact
This chapter provides forecast factors for relevance in building the market value for the medical foods market
Chapter 12 – Forecast Assumptions
This chapter provides global assumptions taken in order to analyze the medical foods market.
Chapter 13 – Competitive Assessment
This chapter includes company share analysis for various key players in the medical foods market. Readers can find a comprehensive list of all the leading stakeholders in the medical foods market, along with detailed information about each company, including company overview, revenue share, strategic overview, and recent company developments. Market players featured in the report include Nestlé S.A., Abbott Laboratories, Alfasigma spA, Cerecin Inc., Danone S.A., Targeted Medical Pharma Inc., Primus Pharmaceuticals, Inc., Fresenius Kabi AG, Metagenetics, Inc., and Reckitt Benckiser Group plc.
Chapter 14 – Global Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026 by Region
This section highlights medical foods in the overall global market by value (US$ Mn) forecast and analysis, by region.
Chapter 15 – Global Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026 by Product Type
Based on product type market analysis, the medical foods market is segmented into nutritionally complete formulas, nutritionally incomplete formulas, and oral rehydration products.
Chapter 16 – Global Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026 by Form
Based on form, the medical foods market is segmented into powders, liquid, capsules, tablets, and bars.
Chapter 17 – Global Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026 by Application
Based on application, the medical foods market is segregated into ADHD, depression, diabetes, cancer, Alzheimer’s disease, metabolic disorders, and others.
Chapter 18 – Global Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026 by Distribution Channel
Based on distribution channel, the medical foods market is segregated into hospital pharmacies, retail pharmacies, online pharmacies, drug stores, and supermarkets.
Chapter 19 – Global Medical Foods Market Analysis 2013–2017 and Forecast 2018–2026
This section highlights the overall global market Value (US$ Mn) forecast and Analysis of medical foods with detailed incremental opportunity and absolute opportunity.
Chapter 20 – Assumptions and Acronyms Used
This section consists of a glossary of the assumptions and acronyms used in the medical foods market report.
Chapter 21 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the medical foods market.
Company Profiles
- Abbott Laboratories
- Alfasigma USA, Inc.
- Cerecin Inc.
- Danone S.A.
- Targeted Medical Pharma Inc.
- Primus Pharmaceuticals, Inc.
- Fresenius Kabi AG
- Metagenetics, Inc
- Reckitt Benckiser Group plc.
- Nestle S.A.
- Others.
