Medical nutrition categories into infant nutrition, parenteral nutrition, and enteral nutrition. Infant nutrition may be used instead of breast milk depends on the fact that women cannot breastfeed or their different lifestyle choices. In addition, babies may have a reason to not consume breast milk either they are premature or may have an allergy to breast milk. Parenteral nutrition (PN) is the nourishing of nutritional products to a patient intravenously. The patient who receives a nutritional formulas that contain nutrients such as glucose, amino acids, lipids, salts, vitamins, and dietary minerals is called total parenteral nutrition (TPN) or total nutrient admixture (TNA) when no significant nutrition is obtained by other routes. One of the other method is enteral nutrition which include oral powder or tube feeding where nutrition taken through a tube that goes directly to the stomach or small intestine. It involves the esophagus, stomach, and small & large intestines.
The Vietnam Medical Nutrition Market was pegged at $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.
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- CAGR: 5.1%
- Current Market Size: USD 270.16 Million
- Forecast Growing Region: APAC
- Largest Market: North America
- Projection Time: 2020 – 2027
- Base Year: 2020
The medical nutrition market in Vietnam is expected to experience substantial growth in the future, due to the increase in the incidence of chronic diseases and the increase in geriatric population across Vietnam. However, the lack of awareness of nutritional issues among Vietnamese people is expected to hamper market growth during the forecast period. Conversely, the rise of medical tourism in Vietnam should offer lucrative opportunities for market players.
By product, the medical nutrition market in Vietnam is segmented into infant nutrition, parenteral nutrition, and enteral nutrition. Parenteral nutrition is further classified into dextrose products, fat products, additive products, and others. Enteral nutrition is further classified as standardized, semi-elemental and specialized.
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By distribution channel, the Vietnam medical nutrition market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The online pharmacies segment is expected to exhibit the highest CAGR during the forecast period owing to rise in disposable income and increase in awareness among people about the available options of medical nutrition at a discounted price.
The Vietnam medical nutrition market report includes an in-depth analysis of the major market players including
Abbott Laboratories,
Baxter International Inc.,
B. Braun Melsungen AG,
and Fresenius SE & Co. KGaA.
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