The Infinium Global Research analyzes the Global Oncology Nutrition Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global oncology nutrition market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of oncology nutrition. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the oncology nutrition market during the period. The global oncology nutrition market is projected to grow at a CAGR of 8.3% over the forecast period of 2019-2025.
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Oncology Nutrition Market is Driven by the Growing Prevalence’s of Cancer Across the Globe
The oncology nutrition market is driven by the growing prevalence’s of cancer across the globe. According to 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. Additionally, the growing prevalence of malnutrition in patients affected by cancer and surge in demand for nutritional food from the homecare sector are other factor is likely to contribute the market growth. On the other hand, the high cost of oncology nutrition products could affect market growth. Furthermore, product innovation particularly with respect to non-GMO based formulas create significant opportunities for the growth of oncology nutrition market.
Oncology Nutrition Market: Segmentation
The report on global oncology nutrition market has been broadly classified into cancer type. Based on cancer type, the market is further bifurcated into cancer type, head & neck, stomach & gastrointestinal, liver, pancreatic, lung, breast and other cancer types. The neck and head segment are expected to significant of the global oncology nutrition market in 2017. This is primarily driven by the increasing incidence of head and neck cancers. According to the American Society of Clinical Oncology (ASCO), in 2017, about 64,690 developed neck and head cancer.
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North America is Accounted to Hold a Significant Share in the Global Oncology Nutrition Market
Geographically, the global oncology nutrition market is bifurcated into North America, Europe, Asia Pacific and Row. North America is accounted to hold a significant share in the global oncology nutrition market. The factor such as growth in the geriatric population coupled with increasing incidences of cancer in the U.S. region is likely to contributes to the growth of oncology nutrition market. According to the National Cancer Institutes, approximately 17 million new cases of cancer were recorded in 2018. Asia Pacific is expected to be the fastest-growing region in the oncology nutrition market throughout the forecast period owing to the rise in geriatric population and rising awareness about the benefits of nutrition food for cancer patients.
Oncology Nutrition Market: Competitive Landscape
The global oncology nutrition market comprises with the players such as B. Braun Melsungen AG, Fresenius Kabi, Danone S.A., Nestlé S.A., and Abbott Laboratories. Some of the players are adopting key strategies such as collaboration and product innovation in order to maintain their market positions. 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.
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- Comprehensive analysis of global as well as regional markets of the Oncology Nutrition.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.