For the growth of any business, the persuasive Medical Foods for Inborn Errors of Metabolism market research report plays very imperative role. This market report encompasses the study about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. Medical Foods for Inborn Errors of Metabolism market report comprises of a chapter on the global market and all of its associated companies with their profiles, which gives important information and data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies
Data Bridge Market Research analyzes that the market is growing with a CAGR of 13.5% in the forecast period of 2023 to 2030 and is expected to reach USD 6,717.76 million by 2030 from USD 2,477.81 million in 2022.
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Market Overview:
The Inborn Errors of Metabolism (IEMs) are a group of disorders in which the body fails to convert food into energy. Due to mutations in genes, there is less or no production of specific enzymes, and these enzymes are responsible for breaking down certain substances. This breakdown leads to the accumulation of some toxic substances and results in severe complications. To treat these disorders, the concerned patients are given specific diets, which are also known as medical foods, under the supervision of physicians.
Opportunities
Government Initiatives and Programs for Creating Awareness About Inborn Errors of Metabolism
Governments around the world have recognized the importance of raising awareness about IEMs and have implemented various initiatives and programs to address this need. These initiatives aim to educate healthcare professionals, individuals and families affected by IEMs, and the general public, which is expected to provide opportunities for market growth.
Some of the major market players operating in the global medical foods for inborn errors of metabolism market are Nestlé Health Science (A subsidiary of Nestle), Nutricia (A subsidiary of Danone), Baxter, Meiji Holdings Co., Ltd., Piam Farmaceutici S.P.A., Solace Nutrition, Abbott, Mead Johnson Company, LLC. (A Subsidiary of Reckitt Benckiser Group plc.), Ajinomoto Cambrooke, Inc. (A Subsidiary of Ajinomoto Co., Inc.), Galen Limited, PKU-MDmil, Pristine Organics Private Limited, APR, Fresenius Kabi AG (Subsidiary of Fresenius SE Co. KGaA), PKU Perspectives, EBM Medical, Orpharma Pty Ltd., B. Braun SE, Primus Pharmaceuticals, Inc., Kate Farms, Hexagonnutrition Ltd., Ener-G Foods, Inc., Promin Metabolics, and Dr. Schär AG / SPA) among others.
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