Oncology Nutrition Market is segmented by Cancer Type (Head & Neck, Stomach and Gastrointestinal, Liver, Pancreatic, Esophageal, Lung, Breast, Blood). by Geography segment (North America, Europe, Asia Pacific and Rest of the World (RoW))
The Oncology Nutrition Market size is projected to increase at a 8.7% CAGR valued at USD 2.40 billion by 2028 as compared in 2020 where value is USD 1.40 billion.
Oncology Nutrition entails the promotion of oncology nutrition with regard to treatment of cancers, safe preventions and increase the rate of surviving. This also involves nutrition guidelines and intake during a patient’s cancer treatment. This is a very crucial phase in cancer treatment since right and proper nutrition is essential in achieving successful treatment--without it, demands for nutrition products will decrease.
Oncology Nutrition Market Growth and Trend
Driving key factors for growth are the shift from parenteral to enteral nutrition, the increase cases of patients suffering from cancer, spike in the demand for effective nutritional feeding in the home care sector, malnutrition cases being treated took a high toll in number, and the improving quality of clinical researches regarding interventions in the study of nutrition. The discovery and development of elemental formulas and creation of non-GMO-based products causes important growth as well.
Increased social awareness regarding oncology nutrition, advanced healthcare and research facilities, increased population base and the improving health insurance sector are also significant attributes. Demand for nutritional products during and after cancer treatments also pushes forth the growth of this market since these products are the main reason in having a successful cancer treatment.
Restraints in the Oncology Nutrition Market
COVID-19 pandemic imposed a great set back for the Oncology Nutrition Market because health protocols and government initiatives to contain the spread of infection causes to restrict and limit the supply chain. Production and distribution of manufacturers of enteral feeding formulas are thus hindered, if not, caused a dramatic delay in the process.
The pandemic has also affected various research firms and clinical studies made by institutions dedicated to healthcare and oncology nutrition since healthcare protocols are imposed strictly by limiting physical presence in the facilities, if not, have been shut down, thus disabling researchers to progress with their findings, recordings, and other information that is relevant to the increase of growth. Additionally, because distribution are hindered and manufacturing of nutrition products have slowed down, there is a tendency of an increase in the cost of nutrition products for cancer treatment.
Oncology Nutrition Market Segmentation
This market is segmented into cancer type (Head and Neck Cancers, Stomach and Gastrointestinal Cancers, Liver Cancer, Pancreatic Cancer, Esophageal Cancer, Lung Cancer, Breast Cancer, Blood Cancer, Other Cancers) and by region (North America, Europe, Asia Pacific and rest of the World).
In terms of cancer type, the head and neck cancers segment has the largest share accounted for in the market in the year 2020. Most patients suffering from this type of cancer have troubles dealing with oral nutritional intake; because of the spike in number of such cancer cases, enteral route or enteral feeding is the best option for nutritional support. The demand for tube feeding formulas increased while cases or severe conditions where tube feeding is not possible demands for oncology nutritional feeding formulas.
Oncology Nutrition Market Country Analysis
Based on geography segmentation, Oncology Nutrition Market is classified into regions: North America, Europe, Asia Pacific, and the Rest of the World. North America on the other hand, has the largest share in the market in 2020 but the Asia Pacific Region is projected to have the highest CAGR between 2021-2028.
North America dominates because there is a prevalence of cancer cases and healthcare facilities and system have advanced thereby increasing the demand along with the help of key players evident in said region launching new and advanced nutrition products. Emergence of key players in said region plays a crucial role because oncology nutrition market can be promoted significantly by utilizing advanced business strategies.
Oncology Nutrition Market Share and Competition
Leading key players in the oncology nutrition market are the following companies: Abbott Laboratories (US), Nestle S.A. (Switzerland), Danone (France), Fresenius Kabi AG (Germany), and B.Braun Melsungen AG (Germany). The other players in this market include Mead Johnson Nutrition Company (US), Hormel Foods (US), Meiji Holdings (Japan), Victus (US), and Global Health Products (US).
Companies that dominate tend to adopt business strategies to flourish in the market by currently improving their product portfolios, launching new advanced and effective nutrition products as well as actively acquiring and joint venturing with other companies globally. Abbott Laboratories, Nestle S.A., Fresenius Kabi AG, B.Braun Melsungen AG, and Hormel Foods Corporation are the top companies dominating the Oncology Nutrition Market.
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• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Cancer Type Analysis (Revenue, USD Million, 2021 - 2028)
• Head and Neck Cancers
• Stomach and Gastrointestinal Cancers
• Liver Cancer
• Pancreatic Cancer
• Esophageal Cancer
• Lung Cancer
• Breast Cancer
• Blood Cancer
• Other Cancers
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Oncology Nutrition Industry Research Report
• Europe Oncology Nutrition Industry Research Report
• Asia Pacific Oncology Nutrition Industry Research Report
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