Global Oncology Nutrition Market Size, Share & Trends Analysis Report, and Forecast, 2019–2025

Recently Orion Market Research (OMR) published a report on the global oncology nutrition market. Growth in cancer prevalence, increased focus on internal nutrition, and increased demand for home care nutritional food are some of the key factors driving the growth of the global oncology nutrition market. In addition, oncology nutrition assists in treating patients with malnutrition and increases the quality of clinical research on nutritional intrusion. The report provides detailed and insightful chapters including market overview, key findings, strategic recommendations, market estimates, the key company analyzes, market determinants, market insights, company profiling, and strategic analysis.

A full report of the Global Oncology Nutrition Market is available at: https://www.omrglobal.com/industry-reports/oncology-nutrition-market/

Nutritional oncology is an interdisciplinary field bridging two areas of homeostasis— nutrition and cancer. To cure body loss after chemotherapy or radiation therapy, high-quality and high-calorie food is provided to the patient through oncology nutrition to restore the strength to fight the disease. Good nutrition provides more energy and improves the quality of life through the management of treatment side effects and accelerates recovery. It also helps patients after radiotherapy, chemotherapy, surgery, or other treatment to repair tissue damage and heal wounds.

The rising incidence of cancer leads to the significant growth in the market. For instance, according to the National Cancer Institute, US, in 2018, an estimated 1,735,350 new cases of cancer were diagnosed in the US and 609,640 people died from the disease. Moreover, the global burden of new cancer mortalities is expected to grow due to the aging and growth of the population.

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The market is segmented on the basis of cancer type including liver cancer, pancreatic cancer, lung cancer, breast cancer, and others (esophageal cancer, head and neck cancer). Furthermore, head and neck cancer patients suffer from various chronic nutritional-related problems. The use of formulas for tube nutrition has increased with the number of cases of cancer. Neck and head cancer account for about 4% of all cancers in the US. In 2017, according to the American Society of Clinical Oncology (ASCO), approximately 64,690 people (17,040 women and 47,650 men) developed neck and head cancer. Further, about 13,740 mortalities from neck and head cancer (3,490 women and 10,250 men) were recorded in the US in 2017.

There are various companies providing oncology nutrition including Abbott Laboratories, Inc., B. Braun Melsungen AG, Rovita Health Science, Baxter International Inc., Care4ward, Inc., Danone S.A, Enlivity Corp., FMC Corp, and Fresenius Kabi AG among others. Additionally, the major players have used various strategies to increase their footprints in this market, such as new product launches, acquisitions, expansions, agreements, joint ventures and partnerships among others. In June 2016, Danone (France) and the HungerNdThirst foundation collaborated to recognize the needs of patients with cancer which help them to deal better with changes in taste. The purpose of combating dysgeusia was to develop nutritional intake and quality of life. In February 2019, Trovita Health Science signed a partnership agreement with the US-based medical nutrition provider Cambrooke Therapeutics. The companies developed and planned to market its product ENU nutrition meal replacement shakes through this collaboration.

On the basis of geography, the market is segmented into various regions such as Europe, North America, Asia-Pacific and rest of the world. Moreover, North America accounted for the largest share in the global market for oncology nutrition. Large number of geriatric population that is more susceptible to acute and chronic diseases and an increase in cancer prevalence in the region contributes to the region's high global market share. In addition, the presence of numerous nursing homes and clinics in this region is another factor in the oncology nutrition market's growth. Asia-Pacific is estimated to witness a high growth over the forecast period due to increased awareness, increased spending on healthcare by government, and easy access to advanced healthcare facilities.

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