Medical Foods Market is estimated to be US$ 35.14 billion by 2030 with a CAGR of 5.30% during the fo

Nisha Shaha26 Apr, 2022Health

Global Medical Food Market accounted for US$ 21.05 billion in 2020 and is estimated to be US$ 35.14 billion by 2030 and is anticipated to register a CAGR of 5.30%. Medical foods are complex formulated products requiring sophisticated and exacting technology like that utilized in the manufacture of infant formulas and medicines. Moreover, the populations that consume such foods are often extremely vulnerable, like pediatric patients at periods of growth and development or the elderly. For these reasons, the FDA published its Medical Foods Compliance Program for domestic and imported products as a part of the agency?s Compliance Program Guidance Manual. This program, which the FDA has explicitly stated may be a ?high priority? due to the ?susceptible population that the products are intended,? remains in effect.