by The India Medical Nutrition Market is dominated by the diabetic nutrition segment. Diabetic nutrition products are nutritional supplements developed to manage blood sugar levels for people with diabetes. These products are available in various forms such as drinks, powder, and meal replacement bars.
Market Overview
Medical nutrition products provide therapeutic support for various clinical conditions such as diabetes, dysphagia, cancer, pulmonary diseases, GI disorders, renal failure and others. These products help in fast recovery from disease, improve quality of life and reduce healthcare costs.
Market key trends
One of the key trends in the India medical nutrition market is the rise in number of chronic diseases. Chronic diseases like diabetes, cancer and gastrointestinal disorders have increased significantly in India over the past few decades. This is mainly due to sedentary lifestyle, changes in dietary patterns and rising geriatric population. Chronic diseases require long-term medical nutrition therapy and nutritional supplements for management. This has driven the demand for specialized medical nutrition products in the country.
Segment Analysis
The India medical nutrition market is segmented based on protein composition, form, distribution channel, and application. The enteral nutrition segment dominated the market in 2023 and is expected to continue its dominance during the forecast period. Enteral nutrition finds widespread applications for patients who cannot eat solid food or absorb nutrients through normal diet. Easy administration of enteral formulas through tubes directly into the stomach makes it a preferred nutrition therapy.
Key Takeaways
India Medical Nutrition Market Size was valued at US$ 466.5 million in 2023. The market is anticipated to grow at a substantial CAGR of 8.1% during the forecast period of 2023-2030.
Market size: The India medical nutrition market is expected to witness high growth, exhibiting a CAGR of 8.1% over the forecast period, due to increasing prevalence of chronic diseases like cancer and diabetes and growing elderly population in India.
Regional analysis: The southern region dominates the India medical nutrition market currently. However, the western region is expected to grow at the fastest pace during the forecast period. This is attributed to rising awareness about disease-specific nutrition and increased healthcare expenditure in states like Maharashtra.
Key players: Key players operating in the India medical nutrition market are Abbott Laboratories, Baxter International Inc., Danone S.A., Nestlé S.A., GlaxoSmithKline plc., Sun Pharmaceutical Industries Ltd., Fresenius Kabi AG, BASF SE and Zeon Lifesciences Ltd. Large players like Abbott Laboratories and Nestle SA dominate the market due to their wide product portfolio and strong distribution network across the country.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
