Medical Foods Market The Medical Foods Market was valued at USD 19,215 million in 2019 and is expected to grow at a CAGR of 5.2% over the forecast period (2020-2027). The factors driving the growth of Medical Foods Market includes rising geriatric population, increasing cases of chronic diseases such as diabetes, cardiovascular diseases and lung cancer, growing inclinations amongst consumers for adopting healthy lifestyles. According to the report published by World Health Organization (WHO), the population aged 60 years and over is estimated to rise from 1 billion in 2020 to 2.1 billion by the end of 2050, which will boost the demand for medical food products in the approaching years. Moreover, the growing awareness about clinical nutrition, easy availability of medicinal foods on online platforms, rising demand for immunity boosting products and rapid growth in the pharmaceutical industry, are some of the additional factors supplementing the Medical Foods Market share . In add...
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