North America Medical Foods For Orphan Diseases Market Size & Outlook
The medical foods for orphan diseases market in North America is expected to reach a projected revenue of US$ 594.0 million by 2030. A compound annual growth rate of 6% is expected of North America medical foods for orphan diseases market from 2024 to 2030.
Revenue, 2023 (US$M)
$395.2
Forecast, 2030 (US$M)
$594.0
CAGR, 2024 - 2030
6%
Report Coverage
North America
North America medical foods for orphan diseases market, 2016-2030 (US$M)
Related Markets
North America medical foods for orphan diseases market highlights
- The North America medical foods for orphan diseases market generated a revenue of USD 395.2 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, oral was the largest revenue generating route of administration in 2023.
- Enteral is the most lucrative route of administration segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 395.2 million |
| Market revenue in 2030 | USD 594.0 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Enteral |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Enteral |
| Key market players worldwide | Nestle SA, Danone SA, Abbott Laboratories, Reckitt Benckiser Group PLC, Relief Therapeutics Holding SA, Ajinomoto Co Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 30.8% of the global medical foods for orphan diseases market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 554.7 million by 2030.
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Medical Foods For Orphan Diseases Market Scope
Medical foods for orphan diseases market segmentation & scope
Medical Foods For Orphan Diseases Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America medical foods for orphan diseases market report size, by country, 2016-2030 (US$M)
North America Medical Foods For Orphan Diseases Market Share, 2023 & 2030 (US$M)
Related regional statistics
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