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Global Oncology Nutrition Market – by Cancer Type, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
Oncology Nutrition Market – Segmented by Cancer Type, Region | Market Size, Growth, Drivers, Trends, Industry Structure and Forecasts, Competitive Intelligence, Company Profiles | MarkGenes
Oncology nutrition is a diet specially designed for people diagnosed with cancer and mainly needed to help optimize a patient’s nutritional well-being and also very much essential for living well, prevention and survivorship during and after cancer treatment. It is suggested by doctors or nutritionists for improving the overall quality of a patient’s life. A guided and proper Oncology Nutrition practice will help in the prevention of cancer.
The global oncology nutrition market was USD 1.19 billion in 2019 and is estimated to reach USD 2.14 billion by 2025 registering CAGR of 8.73% during the forecasted period.
Growth by Region
North America will be the dominant region over the forecasted timeframe followed by Europe due to the greater demand for oncology nutrition across the entire subcontinent. The Asia Pacific region is also anticipated to be the highest growing region while, Latin America, Middle East and Africa regions are expected to show moderate growth.
Drivers vs Constraints
The global oncology nutrition market is mainly driven by cumulative demand for nutritional feeding in the homecare sector and also increased incidence of malnutrition in patients affected by cancer. Also, the other major reason for the improving growth of oncology nutrition market is the increase in the number of cancer cases as well as developing clinical research in oncology nutrition. On the other hand, the major restraints that the oncology nutrition market faces are tube feeding-related complications and fast product innovation as well as advancement of elemental formulas in the field which most likely are going to disclose new avenues for oncology nutrition market in the mere future.
Industry Trends and Updates
Fresenius Kabi, a German-based pharmaceutical manufacturer had invested USD 250 million in Illinois to expand its presence with a state-of-the-art campus outside of Chicago to boost production of injectable medicines which is currently in demand in the United States. This larger and modernized is anticipated to complete in the year 2020. B. Braun, a pharmaceutical company and one of the major players in the oncology nutrition market has officially opened five new and enhanced production plants as well as administrative buildings in Penang, Malaysia recently with state-of-the-art facilities determined mainly to protect and improve the health of the people in Malaysia and around the world.
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