Global $38.9 Billion Medical Food Market by Category, Type, Form, Distribution Channel, Application, and Region - Forecast to 2030 [Yahoo! Finance]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: Yahoo! Finance
The Medical Food Market size was estimated at USD 26.32 billion in 2023, USD 27.67 billion in 2024, and is expected to grow at a CAGR of 5.73% to reach USD 38.9 billion by 2030. The aging population and the rising incidence of chronic diseases and disorders drive the growth of the medical food market. Increasing awareness regarding the importance of nutrition in disease management further propels the market growth. However, medical food development expenses and supply chain vulnerabilities hinder their adoption. The ongoing innovations in food technology, including nanotechnology and biotechnology, and the need for customized medical food solutions tailored to individual nutritional and genetic profiles offer remunerative opportunities for the expanding medical food market. Regional Insights In the Americas, the U.S. is a significant medical food market driven by a sophisticated healthcare system, high consumer awareness, and favorable regulations, and Canada presents a growing
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ABT
Earnings
- 7/18/24 - Beat
ABT
Sec Filings
- 9/13/24 - Form 4
- 9/12/24 - Form 144
- 9/4/24 - Form 4
- ABT's page on the SEC website