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Stock impact report

Medical Foods: Global Industry Review 2018-2023 and Forecast 2024-2033 - Integration of Digital Technologies for Personalized Nutrition Presents Lucrative Growth Opportunities [Yahoo! Fina...

Theriva Biologics, Inc. (TOVX) 
Company Research Source: Yahoo! Finance
The global medical foods market has grown strongly in recent years. It will grow from $21.35 billion in 2023 to $23.07 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth observed in the historical period can be attributed to factors such as the increased prevalence of chronic diseases, advances in both medical and nutritional science, a growing aging population, heightened awareness regarding the role of nutrition in managing health conditions, and regulatory support for medical foods. The market is expected to see strong growth in the next few years. It will grow to $31.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to a growing emphasis on preventive healthcare, a rising demand for personalized nutrition, the expanding applications in the management of metabolic disorders, advancements in nutrigenomics and personalized medicine, and an increasing consumer interest in functi Show less Read more
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