Oncology Nutrition Market to Reach $4.87 Billion by 2033, Growing at 8.9% CAGR

Oncology Nutrition Market

The Oncology Nutrition Market is estimated to experience significant growth, and its value is expected to rise from USD 2.07 billion by 2023 to USD 4.87 billion by 2033to reflect a Average CAGR of 8.9% during the forecast. The increasing demand for nutrition in oncology is driven by the growing awareness of the important role that nutritional therapy plays in cancer care.

Medical nutrition therapy (MNT) is important for cancer patients, as it helps improve physical function, aids recovery during and after cancer treatment, and improves quality of life. in general. Since cancer treatment often leads to side effects such as decreased appetite and malabsorption, the importance of nutritional strategies is becoming increasingly prominent. This has led to an increase in the adoption of oncology nutritional products that support better treatment tolerance and improve patient outcomes.

In addition, increased focus on nutritional assessment and evaluation helps identify patients at high risk of malnutrition, which is common among cancer patients. This trend encourages healthcare providers to incorporate oncology nutrition into the overall treatment strategy, furthering market growth.

Market Highlights

• The Importance of Medical Nutrition Therapy: Clinical nutrition therapy plays an important role in improving physical fitness, supporting patients during cancer treatment, and improving overall quality of life. This treatment is very important as patients often have a reduced tolerance to cancer treatment, which drives the demand for special oncology nutritional products.
• Nutritional Analysis and Analysis: It is important to identify people at risk of malnutrition through nutritional screening, as many cancer patients face malnutrition that can affect their treatment outcomes.

Growth Drivers

• The increasing incidence of Cancer: The prevalence of cancer worldwide requires effective nutritional support for patients undergoing treatment.
• Focus on Special Nutrition: There is a growing awareness of the need for nutritional solutions to address the unique challenges faced by cancer patients, including those undergoing chemotherapy and radiation therapy.
• Advances in Technology+

Market Trends

• The oncology nutrition market is expected to benefit from increased research and development activities, leading to the launch of new products aimed at improving patient outcomes.
• North America is expected to hold the largest market share, driven by advanced healthcare facilities and high levels of awareness about the importance of nutrition in cancer care.

Problems

Despite the positive outlook, challenges such as high costs associated with oncology nutritional products may hinder widespread adoption among patients. continuous improvement in product development.

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Important information:

• The Oncology Nutrition market is expected to grow in the long term CAGR of 8.9%.the arrival USD 4.87 billion in 2033.
• The increasing proportion of the medical nutrition therapy in cancer treatment is a key driver of market growth.
• Screening and nutritional assessment is still needed to identify patients at risk, increasing the demand for oncology nutritional products.
• Nutritional solutions improve the outcome of cancer treatment, help patients tolerate treatments better and improve their quality of life.

With the growing demand for supportive care in cancer treatment, the oncology nutrition market is in the process of continuous growth, offering new solutions that improve patient recovery and health during the journey of see cancer.

Oncology Nutrition Market Analysis

• Development of basic formulas and product innovation based on non-GMO formulas.
• Change in emphasis from parenteral to nutritional.
• The incidence of cancer is increasing, especially the increase in patients receiving treatment for malnutrition.
• The growing demand for nutrition in the home care industry.
• Improving the quality of clinical research on nutritional interventions.

Competitive Landscape of Oncology Nutrition Market

The introduction of new products and advanced scientific technologies are key strategies adopted by prominent players in the oncology nutrition market. Health care organizations are changing due to new research and increased public knowledge about the benefits of nutrition in oncology. Clinical nutritionists and oncologists work closely to improve nutrition and oncology treatment within the field of nutrition oncology.

The presence of competitors, new product launches, and interactions related to the industry under consideration all contribute to market growth. According to the report, Esperer has started its nutrition development center in Hyderabad in 2020. The Hyderabad center is expected to have several integrated processes, such as research rooms and product development centers, which with a dedicated laboratory for testing sensory, packaging, and taste components.

The world’s leading companies for oncology nutrition are focused on obtaining regulatory approval, developing advanced products, developing new products, and collaborating and acquiring other businesses. . The global oncology nutrition market is estimated to grow due to these strategies of leading players. The following are a few expansion strategies used by companies in the oncology nutrition market:

• To increase its presence in medical nutrition, Nestle acquired Allergan’s business in January 2020.
• Smartfish AS and B. Braun worked together to launch Remune, a pharmaceutical nutrition solution, in September 2019. In 2019 and 2020, B. Braun launched Remune in more than 20 countries. many others in Europe, Asia and South America.
• Ina, the smart nutrition assistant, was launched by CancerCare in partnership with Savor Health in 2019. Ina provides evidence-based nutrition counseling to help cancer patients eat well and stay nourished. during treatment.
• A three-chamber bag with a unique protein-to-energy ratio called mofKabiven Nitrogen extra was introduced by Fresenius Kabi AG in 2018 in Europe.
• The SmartPN device was introduced in October 2018 by Baxter International Inc. and the American Society for Parenteral and Enteral Nutrition (ASPEN) to reduce medical malnutrition.

Key Players in Oncology Nutrition Market

• FMC group
• Danone India
• Abbott
• Vinegar
• B. Braun Melsungen AG
• Baxter
• Fresenius Cabbage AG
• Global Health Products, Inc.
• Hormel Foods Corporation
• Mead Johnson & Company, LLC
• Meiji Holdings Co., Ltd
• Nestlé SA
• BioSig Technologies, Inc. Share Description
• Auris Health, Inc. Share Description

Important Listed Companies

FMC Corporation; Danone India; Abbott; Aceto; B. Braun Melsungen AG; Baxter; Fresenius Kabi AG; Global Health Products, Inc.; Hormel Foods Corporation; Mead Johnson & Company, LLC; Meiji Holdings Co., Ltd.; Nestlé SA; BioSig Technologies, Inc.; Auris Health, Inc. Share Description

Main Features

By Type of Cancer:

• Head and Neck Cancer
• Stomach and Colon Cancer
• Blood Cancer
• Breast Cancer
• Death Cancer
• Other cancers

End of Use:

• Hospitals & Clinics
• Home Care
• Others

By Location:

• North America
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia Pacific
• Latin America
• Middle East and Africa

Author By:

Sabyasachi Ghosh (Assistant Vice President at Future Market Insights, Inc.) has over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His sense of curiosity and analysis helped him establish his career as a researcher.

Identifying the core problems customers face and designing powerful, insight-based solutions to empower them with decision-making skills comes naturally to him. His main expertise is in areas such as Market Entry and Expansion Strategy, Capability Studies, Competitive Intelligence, and Strategic Change.

Holding a degree in Microbiology, Sabyasachi has authored numerous articles and been quoted in journals, including the Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (Certified by ESOMAR, a Stevie Award recipient, and a member of the Greater New York Chamber of Commerce) provides deep insight into the driving factors that are increasing demand in the market. FMI stands as the world’s leading provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a large team of more than 400 analysts worldwide, FMI provides global, regional and local knowledge on various regions and industry trends in more than 110 countries.

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