The Vietnam medical nutrition market generated $270.16 million in 2019, and is projected to reach $373.05 million by 2027, growing at a CAGR of 5.1% from 2020 to 2027.
Medical nutrition addresses a group of medical food products that are used under the supervision of doctors or health practitioners for the nutritional management of a chronic condition or disease. In addition, medical nutrition products fulfill different nutritional requirements for the specific patient group and provide adequate nutrients to them. For instance, specific requirements for medical nutrition products are derived from the rise in group of people with metabolic disorders such as type 2 diabetes. Moreover, AIDS patients, burn patients, and patients with severe anorexia nervosa can also profit from this nutritional intervention.
The Vietnam medical nutrition market is expected to register substantial growth in the future, owing to rise in incidence of chronic diseases and surge in geriatric population across Vietnam. However, lack of awareness of nutrition problems among Vietnamese is projected to hamper the market growth during the forecast period. Conversely, rise in medical tourism in Vietnam is expected to offer remunerative opportunities for market players.
The Vietnam medical nutrition market is segmented on the basis of product, application, distribution channel, and end user. By product, the market is categorized into infant nutrition, parenteral nutrition, and enteral nutrition. The parenteral nutrition is further segmented into dextrose based products, fat based products, and additives based products. The enteral nutrition is further segmented into standardized, semi elemental, and specialized. By application, the market is categorized into diabetes, cancer, gastrointestinal diseases, chronic kidney disease, chronic liver disease, intensive care, chronic obstructive pulmonary disease, and others. By distribution channel, the market is classified into hospital pharmacies, drug store & retail pharmacies, and online pharmacies. By end user, the market is segmented into private hospitals, public hospitals, and homecare.
Product segment review
By product, the Vietnam medical nutrition market is segmented into infant nutrition, parenteral nutrition, and enteral nutrition. The infant nutrition segment was the major revenue contributor in 2019, and is anticipated to continue this trend during the forecast period, owing to increase in prevalence of malnutrition in preterm babies and increase in demand for milk substitutes for infants. In addition, Vietnamese mothers lack nutrition to support their infant development, which further drives the growth of the market.
By Product
Infant Nutrition segment holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
Application segment review
Depending on application, the Vietnam medical nutrition market is categorized into diabetes, cancer, gastrointestinal diseases, chronic kidney disease, chronic liver disease, intensive care, chronic obstructive pulmonary disease, and others. The cancer segment is projected to exhibit the highest growth during the forecast period, owing to the rise in prevalence of cancer, which leads to surge in incidences of malnutrition among oncology patients. Also, cancer is one of the main causes of deaths in Vietnam, which further fuels the market growth.
By Application
Cancer Segment is projected as one of the most lucrative segment.
The report provides a comprehensive analysis of the key players operating in the Vietnam medical nutrition industry, namely, Abbott Laboratories, Baxter International Inc., B. Braun Melsungen AG, and Fresenius SE & Co. KGaA. The other players (not profiled in the report) includes, Mead Johnson Nutrition Co., Danone Nutricia, Nestle S.A., Bayer AG, Pfizer Inc., Sanofi S.A, GlaxoSmithKline Plc, Perrigo Company Plc, and others.
Key Benefits For Stakeholders
- This report provides a detailed quantitative analysis of the current Vietnam medical nutrition market trends and Vietnam medical nutrition market forecast estimations from 2020 to 2027, which assists to identify the prevailing market opportunities.
- An in-depth Vietnam medical nutrition market analysis includes study of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate country-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the Vietnam medical nutrition market is provided.
- Country-specific Vietnam medical nutrition market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2027 in terms of value.
- Key market players within the Vietnam medical nutrition market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market.
Vietnam Medical Nutrition Market Report Highlights
| Aspects | Details |
 By Product |
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 By Application |
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 By Distribution Channel |
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 By End User |
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 Key Market Players | ABBOTT LABORATORIES, BAXTER INTERNATIONAL INC., FRESENIUS SE & CO. KGAA, BRAUN MELSUNGEN AG |
Analyst Review
The Vietnam medical nutrition market generated $270.16 million in 2019, and is projected to reach $373.05 million by 2027, growing at a CAGR of 5.1% from 2020 to 2027.
Medical nutrition also referred as clinical nutrition is a group of medical food products used under the supervision of health practitioners for the nutritional management of a disease. These can be used as therapeutic nutrition, which helps patients to heal from the disorder. Medical nutrition consists of infant nutrition, which is also referred as infant formula (breastmilk substitutes), parenteral nutrition, and enteral nutrition.
The utilization of medical nutrition is anticipated to witness a significant rise with chronic diseases in Vietnam, surge in elderly population, rise in deaths due to the cardiovascular diseases and diabetes, as well as increase in malnutrition among children and adults. Furthermore, increase in government focus on economic strength in Vietnam, as well as rise in healthcare expenditure are expected to drive the market growth during the forecast period. Rapid growth was observed in adoption of medical nutrition therapy across the urban areas of the country.
The market value of Vietnam Medical Nutrition market was $270 million in 2019.
The forecast period is from 2020 to 2027.
The market value of Vietnam Medical Nutrition market in 2020 is $263 million.
The Vietnam Medical Nutrition market is expected to exhibit significant growth during the forecast period, owing to rising prevalence of malnutrition among the Vietnamese, surge in demand of medical nutrition during the treatment of chronic illness.
The base year is 2019 in Vietnam Medical Nutrition market
Based on product type, the infant nutrition segment held a major share in the Vietnam Medical Nutrition market in 2019 and is expected to continue the trend in the forecasting period.
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