RX MEDICAL FOOD MARKET ANALYSIS

Rx Medical Food Market, by Product Type (Pills, Powder, Liquid, Others (Wafers, Chewable, and Bars)), by Therapeutic Application (Pain Management, Neurological Disorders, Gastrointestinal Disorders, Pulmonary Disorders, Metabolic Disorders, Others (Fibrosis, Dialysis, AIDS, etc.)), by Distribution Channel (Retail Pharmacies, Hospital Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Oct 2022
Code : CMI909
Pages :228
Formats :
Excel and PDF
Industry : Pharmaceutical

Rx Medical Food MarketSize and Trends

The global Rx medical food market is estimated to be valued at US$ 22,012.5 million in 2022 and is expected to exhibit a CAGR of 7.1% during the forecast period (2022-2030).

Figure 1. Global Rx Medical Food Market Share (%), by Product Type, 2022

Global Rx Medical Food Market - Drivers

The increasing demand for medical nutrition in infants is expected to drive growth of the global Rx medical food market over the forecast period. For instance, in August 2021, according to the data published in National Library of Medicine, the requirement of nutrition’s for preterm infants are diverse with gestational stage and age of growth. Furthermore, in June 2021, according to the data published in the World Health Organization, worldwide in 2020, 149 million children under 5 year were evaluated to be too short for age, 45 million were evaluated to be too thin for height, and 39 million were obese or overweight. Although, to manage these overall needs of nutrition or medical needs, optimizing nutrition intended to fulfill the space and enhance the growth and health outcomes.