Sweden Medical Foods Market Size & Outlook, 2023-2030
Sweden medical foods market, 2018-2030 (US$M)
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Sweden medical foods market highlights
- The Sweden medical foods market generated a revenue of USD 285.4 million in 2023 and is expected to reach USD 336.4 million by 2030.
- The Sweden market is expected to grow at a CAGR of 2.4% 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 285.4 million |
| Market revenue in 2030 | USD 336.4 million |
| Growth rate | 2.4% (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, Sweden accounted for 1.2% 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 |
|---|
Sweden 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 68.82% in 2023. Horizon Databook has segmented the Sweden 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 Sweden can be attributed to the high prevalence of premature births in the country. For instance, according to an article published in Elsevier B.V., in 2020, among 1,519,521 births, 5.6% were preterm in Sweden and Norway. Moreover, increasing geriatric population in the region is anticipated to boost the market.
Furthermore, rising prevalence of cancer and cardiovascular diseases in Sweden is projected to fuel the market growth over the forecast period. For instance, according to industry reports, chronic ischemic heart disease was the most common cause of death in Sweden in 2021. In addition, according to GLOBOCAN 2020, 62,494 new cancer cases were reported in Sweden in 2020.
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Target buyers of Sweden medical foods market databook
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Our clientele includes a mix of medical foods market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Sweden medical foods market , including forecasts for subscribers. This country databook contains high-level insights into Sweden medical foods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden medical foods market size, by route of administration, 2018-2030 (US$M)
Sweden Medical Foods Market Outlook Share, 2023 & 2030 (US$M)
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Related regional statistics
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