Denmark Medical Foods Market Size & Outlook, 2023-2030
Denmark medical foods market, 2018-2030 (US$M)
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Denmark medical foods market highlights
- The Denmark medical foods market generated a revenue of USD 118.2 million in 2023 and is expected to reach USD 135.6 million by 2030.
- The Denmark market is expected to grow at a CAGR of 2% 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.
Medical foods market data book summary
| Market revenue in 2023 | USD 118.2 million |
| Market revenue in 2030 | USD 135.6 million |
| Growth rate | 2% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Enteral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Enteral |
| Key market players worldwide | Danone SA, Nestle SA, Fresenius SE & Co KGaA, Abbott Laboratories, Targeted Medical Pharma Inc, Mead Johnson Nutrition, Primus Pharmaceuticals |
Other key industry trends
- In terms of revenue, Denmark accounted for 0.5% of the global medical foods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany medical foods market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,599.7 million by 2030.
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Medical Foods Market Scope
Medical Foods Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Denmark medical foods market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical foods market will help companies and investors design strategic landscapes.
Oral was the largest segment with a revenue share of 69.04% in 2023. Horizon Databook has segmented the Denmark medical foods market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in Denmark can be attributed to various strategic initiatives by the government to boost the healthcare system in the country and increasing geriatric population in Denmark. The geriatric population increased from 12.9% in 1973 to 20.5% in 2020, growing at an average rate of 0.95%.
Moreover, growing incidence of chronic diseases such as cancer and neurological diseases is anticipated to create opportunities in the market during the forecast period. For instance, in 2020, the estimated number of new cancer cases, excluding nonmelanoma skin cancer, was 39,996. By 2030, 45,029 new cancer cases are expected to be reported in Denmark.
Moreover, as per guideline no. 115 of December 8, 2006, on reimbursement of nutritional products, which are prescribed by the physician, and the Danish Health Act section 159, reimbursement is provided only to the hydrolyzed infant formulas, if the products are intended for the treatment of children suffering from milk prevention.
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Our clientele includes a mix of medical foods market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Denmark medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Denmark medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark medical foods market size, by route of administration, 2018-2030 (US$M)
Denmark Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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