2012-10-15 21:06:05 - Medical nutrition market driven by the increase in aging populations
The global medical nutrition market has been forecast to increase at a compound annual growth rate (CAGR) of 5.8% over the 10 year period through 2008-2018, increasing from a valuation of US$27.2 billion in 2012, to be worth US$40.1 billion by 2018.Key factors contributing to growth within the market include the increase in aging populations coupled with growing incidences of illnesses and a condition requiring medical nutrition products.Furthermore, another key factor driving the market is premature births because of insufficient nutrition supply to mothers, a problem which is especially prominent in Asia.Ingredient suppliers could take advantage of the increasing demand for functional ingredients such as omega-3 fatty acids. Furthermore, advancements in ingredient delivery system such as microencapsulation have increased the
value of ingredients supplied to the entire medical nutrition market.Reimbursement regulations are, however, posing a challenge for the medical nutrition market. For instance, legislations passed in Germany have limited the number of diseases and conditions entitled for reimbursement with regulations such as the Diagnosis Related Group (DRG) restricting reimbursements for patients during subsequent hospital visits. This is therefore having a negative impact on the industry.The American medical nutrition market has seen a number of acquisitions made in the past few years with the most prestigious being Danone agreeing to acquire liquid protein supplements pioneer Medical Nutrition USA, Inc. for $62 million, in a move that aims to expand the French company´s US presence in medical nutrition.For more information on the global medical nutrition market, see the latest research: Global Medical Nutrition MarketFollow us on Twitter @CandMResearch
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