The Global Medical Nutrition Market Growth Accelerated By Disease Prevalence And Aging Population
Medical Nutrition Market Medical nutrition products such as powdered nutritional drink mixes, protein-rich nutritional bars and meal-replacement shakes, help individuals in meeting their daily nutritional requirements. With rising cases of chronic diseases such as cancer, diabetes, and malnutrition due to unhealthy diet and aging, the need for dietary supplements is increasing. The global Medical Nutrition Market is estimated to be valued at US$ 14.34 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising prevalence of diseases and aging population are the major factors driving the demand for medical nutrition products. As per the World Health Organization (WHO), by 2020, chronic diseases will account for almost three-quarters of all deaths worldwide. In addition, according to the United Nations, the number of people over 60 years is expected to ...