A recent report published by Infinium Global Research on oncology nutrition market provides an in-depth analysis of segments and sub-segments in the global as well as regional oncology nutrition market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional oncology nutrition market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global oncology nutrition market. According to the report, the global oncology nutrition market is projected to grow at a CAGR of 8.3% over the forecast period of 2019-2025.
The increasing prevalence’s of cancer across the globe, the surge in demand for nutritional food from the homecare segment with rise in focus towards nutrition are key factors drives the growth of the global oncology nutrition market. As per the World Health Organization, the global cancer burden is estimated to have risen to 18.1 million new cases and 9.6 million deaths in 2018. Oncology nutrition helps in healing wound after chemotherapy, hormone therapy, radiation therapy, surgery, immunotherapy, and other treatment. Additionally, the growing prevalence of malnutrition in patients affected by cancer and the significance of nutritional intervention is another factor is likely to contribute the market growth. However, the high cost of oncology nutrition products may hamper market growth. Furthermore, product innovation, particularly with respect to non-GMO based formulas, creates significant opportunities for the growth of oncology nutrition market. For instance, Nestlé Health Science and Virtual Health Partners Collaborate to launch innovative COPES™ (Cancer Oriented Personalized Eating & Emotional Support) program, provide nutrition and wellness support for patients with cancer.
Geographically, the global oncology nutrition market is bifurcated into North America, Europe, Asia- Pacific and Row. North America dominates the global oncology nutrition market over the forecast period. As per the National Cancer Institutes, in 2018, around 17 million new cases of cancer were recorded. The growing prevalence’s of cancer and growth in the aging population who are highly prone to chronic and acute ailments in this region are trigger regional growth of the market. Asia- Pacific oncology nutrition market is anticipated to expand at a rapid CAGR during the forecast period. The growth of this region is attributed owing to the growing awareness regarding the benefits of nutritional food for cancer patients, growing elderly population, and growing healthcare expenditure.
The report on global oncology nutrition market covers segments such as cancer type. On the basis of cancer type, the sub-markets include head & neck, stomach & gastrointestinal, liver, pancreatic, lung, and breast.
The report provides profiles of the companies in the market such as B. Braun Melsungen AG, Fresenius Kabi, Danone S.A., Nestlé S.A., and Abbott Laboratories.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of oncology nutrition market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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