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Medical Foods Market Analysis and Opportunity Assessment up to 2024

The high prevalence of patients with metabolic disorders in the U.K. have become a growing concern for medical insurance companies due to a rise in insurance claims.

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Medical Foods Market Analysis and Opportunity Assessment up to 2024

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  1. Growth in Demand for Health Foods Boosts Market Growth amidst COVID-19 Pandemic Since consumers have become conscious about their health amidst the coronavirus (COVID-19) pandemic, companies in the medical foods market are increasing efforts to market their products that assure immunity boost. Since several medical foods are commercially available, it has become easier for manufacturers to promote their products through advertisements. On the other hand, analysts at the Transparency Market Research opine that China’s import and export of health foods will remain constant in the upcoming months. The China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE) claims that the demand for medical foods is expected to register a slight growth in 2020. However, insufficiency in raw materials might temporarily affect supply chains in China. Manufacturers are hoping for the COVID-19 pandemic to subside so that global supply chains resume at a normal pace and the medical foods market can grow. To know the scope of our report Get a Sample on Medical Foods Market Innovative Protein Substitutes Gain High Demand in Pediatrics Domain The high prevalence of patients with metabolic disorders in the U.K. have become a growing concern for medical insurance companies due to a rise in insurance claims. Hence, companies in the medical foods market such as leading pharmaceutical company Galen announced the launch of PKU EASY Microtabs for patients with metabolic disorders in February 2020. Such product offerings are bolstering the growth for the medical foods market, which is estimated to reach a value of ~US$ 33.3 Bn by 2030. The revenue of metabolic disorders is projected for exponential growth in the market for medical foods. Hence, pharmaceutical companies are introducing palatable alternatives to conventional protein substitutes available in the market. These innovative protein substitutes are targeting toward children aged eight and above in order to manage incurable medical conditions such as phenylketonuria. Since high number of babies every year are born with inherited metabolic disorders, companies are increasing their focus to innovate in new protein substitutes. Request for Analysis of COVID19 Impact on Medical Foods Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=454 47 Companies Target Nutritionally Complete Medical Foods to Prevent Malnutrition in Individuals Apart from metabolic disorders, companies in the medical foods market such as producer of functional nutrition solutions SternLife, is acquiring proficiency to produce supplementary medical foods for the prevention of malnutrition. The demand for nutritionally complete

  2. medical foods is surging in patients suffering from malnutrition. As such, companies in the medical foods market are increasing their production capabilities in bars, powders, and thickening agents. This is evident since the revenue of powdered products is expected to register aggressive growth in the market for medical foods. Get a glimpse of the in-depth analysis through our Report Brochure Emerging pharmaceutical companies are collaborating with key market players to help the latter expand their private label clinical nutrition offerings. They are increasing efforts to provide full service assistance by gaining efficacy in the formulation of medical food supplements. Companies Invest in Innovation Centers Aiming to Introduce Locally Manufactured Products Leading company Nestlé Health Science is advancing in the domain of nutritional therapy and has announced to invest in a product innovation center in the Taizhou, Jiangsu province of China, to tap into opportunities in the clinical nutrition sector. This explains why the revenue of Asia Pacific is predicted to take an aggressive leap in the medical foods market. As such, innovation centers in China are collaborating with clinical nutrition centers of the U.S. in order to advance in core R&D technologies. Enquiry before Buying Medical Foods Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=45447 Companies in the medical foods market are innovating to develop localized product offerings that resonate with China’s national standards and consumer needs. They are increasing efforts to comply with regulations involved with Foods for Special Medical Purposes (FSMPs) in China. As such, companies are capitalizing on the growing demand for locally manufactured products, whilst high approval rates for infant and baby formula products are generating incremental opportunities for companies in China. More Trending Reports by Transparency Market Research: Sterile Vials Market- https://www.transparencymarketresearch.com/sterile-vials-market.html Heat Therapy Market- https://www.transparencymarketresearch.com/heat-therapy- market.html Dental 3D Printing Market- https://www.transparencymarketresearch.com/dental-3d-printer- market.html Cleanroom Consumables Market- https://www.transparencymarketresearch.com/cleanroom- consumables-market.html

  3. Cardiovascular Proximal Anastomosis Devices Market- https://www.transparencymarketresearch.com/cardiovascular-proximal-anastomosis-devices- market.html Surgical Kits Market- https://www.transparencymarketresearch.com/surgical-kits-market.html Newborn Screening Market- https://www.transparencymarketresearch.com/newborn- screening-market.html Rubber Gloves Market- https://www.transparencymarketresearch.com/rubber-gloves- market.html About Us Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports. For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23- TdDMuODiL8BKQ Contact Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com Email: sales@transparencymarketresearch.com

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