India Medical Nutrition Market Poised For Strong Growth During 2024-2031

India Medical Nutrition Market Demand


 The medical nutrition market in India is estimated to witness high growth owing to rising prevalence of chronic diseases. Medical nutrition products provide balanced nutrition and help manage various health conditions. The market comprises dietary supplements and enteral formulas that cater to nutrition needs of patients suffering from chronic kidney disease, diabetes, cancer and more.

The global India medical nutrition market is estimated to be valued at US$ 4.3 Bn in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the India medical nutrition market are Keith Prowse, RTR Sports Marketing Ltd, ATPI Ltd, RK Sports Hospitality, White Label Hospitality, CSM Sports and Entertainment LLP, DTB Sports Hospitality and Event Management Limited, Honey & Co. Ltd, Wood Media Group Ltd, Hospitality Finder, Legends International, On Location Experiences, QuintEvents, Sportsworld, The Sports Travel Company, TLA Worldwide, VIP Sports Events, World Sports Group, IMG, Wasserman, Octagon, WME Sports, CAA Sports. The market provides opportunities for product innovation and development of specialized formulas to cater to diverse health conditions. Rising health awareness, growth of nutraceuticals industry and proliferation of e-commerce are expected to drive the market expansion globally over the forecast period.

Market Drivers

The main driver propelling the growth of India Medical Nutrition Market Demand is increasing incidence of chronic and lifestyle diseases. As per WHO, non-communicable diseases accounted for 61% of total deaths in India in 2016. Growing elderly population also contributes to high demand as nutritional requirements change with age. Favorable government initiatives to promote healthcare and nutrition are encouraging market players. Moreover, growing health consciousness and willingness to spend on preventive healthcare will continue fueling the medical nutrition market growth between 2024-2031.

PEST Analysis
Political: The medical nutrition market in India is regulated by various government policies and regulations. The government plays a crucial role in ensuring patient access and affordability of medical nutrition products in the country.

Economic: Factors like rising disposable incomes, growing health awareness and healthcare spending are driving the demand for medical nutrition products in India. Availability of subsidized and low-cost variants is also boosting the adoption rate of these products.

Social: With rising lifestyle diseases, growing elderly population and increasing influence of Western lifestyle, Indians are becoming more health conscious and receptive towards preventive healthcare measures like medical nutrition. Adoption of therapeutic medical nutrition products is growing.

Technological: Advancements in formulations, manufacturing processes and delivery formats are improving the efficacy, absorption and convenience of medical nutrition products. This is encouraging compliance with long-term nutrition therapies and boosting the use of these products in clinical nutrition.

The largest concentration of India Medical Nutrition Market Regional Analysis is seen in Western and Southern regions of the country. States like Maharashtra, Karnataka, Tamil Nadu and Gujarat account for a significant share of national consumption of medical nutrition products, driven by high healthcare expenditure as well as urbanization and lifestyle changes in these regions.

The Northeastern region is poised to emerge as the fastest growing market for medical nutrition in India over the forecast period. Driven by rising health awareness and increasing adoption of preventive healthcare measures in the seven sister states of Northeast India, consumption of products like infant nutrition, pediatric nutrition, renal nutrition and diabetes care is growing at a rapid pace. Initiatives by both government and private players to strengthen healthcare infrastructure and address nutritional deficiencies are also contributing to market growth.

Get More Insights on- India Medical Nutrition Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

 

Comments

Post a Comment

Popular posts from this blog

Reach Stackers: Amazing Machines Transforming Material Handling at Port Terminals

Image
Reach Stackers Market Reach Stackers: Amazing Machines Transforming Material Handling at Port Terminals Reach stackers, also known as horizontal stackers market, are versatile machinery used extensively at port terminals and container yards for stacking and transporting shipping containers. The key features that differentiate stackers from other types of material handling equipment include its ability to lift containers from the ground and stack them multiple high in adjacent rows without the need for pre-existing stacks. This horizontal stacking capability allows reach stackers to operate efficiently even in confined spaces. Working Mechanism and Features These Reach Stackers Market use a telescopic boom with a spreader attachment to pick containers from trucks, trailers or ground racks and transfer them to different locations. The boom can extend and retract hydraulically to reach varying distances and heights. Mounted on rubber tires, these stackers are highly mobile and can tr...
Read more

Cultural Tourism: A Global Expedition Through The Riches Of Cultural Travel

Image
Cultural Tourism What is Cultural Tourism? A cultural tourist is someone who travels to learn about and experience other cultures and local ways of life. Cultural travel refers to trips taken by people for activities and experiences that represent the culture, heritage, history, traditions, cuisines, arts and architecture of a destination. It involves visiting historic sites and cultural attractions to understand the culture and uniqueness of a place. Types of Cultural Attractions There are various types of attractions that draw cultural tourists to destinations around the world: Museums and Art Galleries Museums preserve cultural heritage by collecting, documenting and displaying objects of artistic, scientific, cultural and historical significance. Art galleries feature the works of individual artists or styles of artwork. Some of the most popular cultural attractions globally are museums like the Louvre in Paris and the British Museum in London. They share the history, art and ...
Read more

Acrylic Teeth: A Complete Guide to Choosing and Caring for False Teeth Made from Acrylic Resin

Image
  What are Acrylic Dentures? Acrylic dentures, also known as false teeth or dental prosthetics, are artificial replacements for missing teeth and surrounding tissues made from a type of plastic called acrylic resin. Acrylic resin, which is commonly known by brand names like Lucite and Plexiglas, is a tough yet lightweight thermoplastic that can be molded and remolded while hardening. This makes it ideally suited for creating customized replacement teeth that fit the contours of a person's mouth. The Process of Fabricating Acrylic Teeth The process of fabricating Acrylic Teeth dentures usually involves taking an impression of the patient's mouth using alginate impression material. This impression is then used to create a plaster or stone model that precisely replicates the shape and alignment of the patient's gums and jawbones. Dental technicians then sculpt replacement teeth made of acrylic to match the patient's natural teeth in terms of size, shape, color and posit...
Read more