DUBAI, United Arab Emirates, March 23, 2022 (GLOBE NEWSWIRE) -- Despite the COVID-19 crisis, the global Oncology Nutrition Market share, which was forecast to be worth US$ 1.1 billion in 2021, is expected to increase to US$ 1.7 billion by 2026, with a CAGR of 8.9% over the analysis period.
For the growth of oncology nutritionist formulas, considerations such as the development of elemental formulae and technological innovation in terms of non-GMO-based formulas present considerable prospects.
According to GLOBOCAN 2018 estimates, there were a projected 2,129,118 cancer cases in the United States in 2018, with that number expected to rise to 3,096,944 cases by 2040.
| Attributes | Details | |
| Oncology Nutrition Market CAGR (2022-2032) | 8.9% | |
| Oncology Nutrition Market (2027) | USD 3.14 billion | |
| Oncology Nutrition Market Attraction | The market is growing due to the improving quality of clinical research on nutritional therapies. | |
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-14411
Lung cancer is the most common type of cancer, accounting for 2,093,876 new cases globally in 2018. As the number of people diagnosed with cancer rises, so will the demand for oncology nutrition, as nutrition aids in the battle against disease and provides strength and stamina in the face of treatment side effects.
The oncology nutrition market is being driven by factors such as the shift from parenteral to enteral nutrition, the rising incidence of cancer, the growing demand for nutritional feeding in the homecare sector, the rising number of patients treated for malnutrition, and the improving quality of clinical research on nutritional interventions.
The global demand for oncology nutrition is expanding rapidly, owing to the growing popularity of homecare nutritional products. Companies are inventing a wide range of new methods in order to capitalize on the available potential.
The oncology nutrition products key end users are hospitals, retail pharmacies, and online pharmacies. Due to the ever-increasing number of cancer patients, hospitals now hold the majority of the worldwide oncology nutrition market. Various prominent worldwide healthcare providers are now building high-end cancer diagnosis and care facilities in order to assure timely treatment.
The oncology nutrition market outlook is turning positive by the advancement of elemental formulas and the launch of new products for the nutrition of oncology patients, as well as the rising prevalence of cancer, increased focus on enteral nutrition, and a surge in demand for nutritional food from the home care sector in the coming years.
For any Queries Related with the Report, Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-14411
Scope of the Report
| Attributes | Oncology Nutrition Market | Interventional Oncology Market | Nutritional Analysis Market | |||
| CAGR (2022 - 2032) | 8.9% | 6.9% | 8.5% | |||
| Oncology Nutrition Market Value (2026) | US$ 2.88 billion | US$ 2.9 billion | US$ 7.9 billion | |||
| Growth Factor | The rising need for nutritional goods for home care. | The key factors driving the growth of the interventional oncology market are technological improvements and the increased prevalence of oncology. | Shifting consumer tastes, greater health awareness, the growing millennial population, and a growth in supplemental income among consumers are all driving the industry. | |||
| Opportunity | The need to fulfil the nutritional requirements of cancer patients is escalating. | The interventional oncology market has a lot of room for expansion for both established and new product companies. | The market for nutritional analysis will benefit from the rising favourable attitude on sports nutrition. | |||
| Key Trends | The transition from parenteral to enteral nutrition, expanding cancer incidence, and growing demand for nutritional requirements are all driving market expansion. | In several emerging economies, such as China, India, Brazil, and Mexico, rapid economic development and rising healthcare spending are projected to enhance access to high-quality healthcare. | The need for nutritional analysis is being driven by changing lifestyles and a high frequency of chronic illnesses. | |||
Moreover, the oncology nutrition market is predicted to grow over the forecast period due to an increase in clinical research on nutritional interventions and an increase in cancer patient nutrition awareness. Tube feeding-related difficulties and limited reimbursement connected with its use, on the other hand, are the key limitations that could slow the market's growth. Furthermore, the oncology nutrition market is likely to benefit from quick product development and enhancement of elemental formulae in the industry.
Key Takeaways
- In the year 2021, the oncology nutrition market in the United States is expected to be worth US$ 412.6 million.
- China, the world's second-largest economy, is expected to reach a market size of US$ 165 million by 2026, representing a CAGR of 10.6% over the study period.
- Germany is expected to increase at an annual rate of 8.4%, while the rest of the European market (as defined in the study) is expected to reach US$ 182.4 million by the end of the analysis period.
- Oncology nutrition manufacturers in the United States have been deterred by stringent regulatory requirements and a lengthy FDA clearance process.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14411
Competitive Landscape
In terms of revenue, the oncology nutrition products market is currently dominated by a few significant competitors.
Some major firms are aggressively acquiring and forming joint ventures with other companies, as well as launching new goods, to strengthen their market positions around the world. Abbott Laboratories, Nestle S.A., Fresenius Kabi AG, B.Braun Melsungen AG, and Hormel Foods Corporation are some of the market leaders at the moment.
Regulatory approvals, technologically enhanced goods, the launch of new products, and acquisitions and collaboration agreements with other companies are all priorities for key competitors in the worldwide oncology nutrition market. These leading players' strategies are likely to fuel the global oncology nutrition market's expansion.
Nestle bought Allergan in January 2020 to expand its medical nutrition business.
Smartfish AS partnered with B. Braun to launch Remune, a medicinal nutrition product, in September 2019. During 2019 and 2020, B. Braun will launch Remune in nearly 20 countries, with other markets in Europe, Asia, and South America to follow.
Explore FMI’s Extensive ongoing Coverage on Healthcare Domain
Sterile Oncology Injectable Market - Injectable drug delivery is the mode of introduction of a drug directly into the bloodstream of a patient. Drugs are directly injected into the bloodstream of patients, owing to which they need to be sterile.
Oncology Blood Testing Market - Oncology blood testing is a revolutionary diagnostic technique to detect cancer in early stages. For early detection of cancer, liquid biopsies have become a popular diagnostic tool.
Oncology Adjuvants Market - Oncology Adjuvant treatment is a cancer therapy, which involves cancer treatment after the primary treatment is completed. Oncology adjuvants treatment mainly reduces the reoccurrence of cancer.
Paediatric Oncology Therapeutics Market - Children are affected by different forms of cancer than adults, there also exists a major difference between children and adults regarding treatment and development of new oncology therapies.
Orthopaedic Oncology Market - Orthopedic oncology accounts for a small proportion in orthopedics. Orthopedic oncology is a condition that arises due to the formation of benign and malignant tumors in bones and connective soft tissues.
Nutrition Therapy Market - Nutrition therapy is the therapeutic approach of treating the disease condition by adopting healthy tailored diet under the supervision of a registered dietician, nutritionist or a physician.
Teleradiology Market - The teleradiology market is projected to register a CAGR of 15.3% during the forecast period, up from US$ 7.3 Bn in 2021 to reach a valuation of US$ 14.8 Bn by 2026.
Nuclear Imaging Devices Market - The nuclear imaging devices market is likely to record a CAGR of 5% during the forecast period, up from US$ 2.6 Bn in 2020 to reach a valuation of US$ 3.4 Bn by 2025.
Orthopedic Prosthetic Devices Market - The orthopedic prosthetic devices market is projected to register a CAGR of 4.7% during the forecast period, up from US$ 1.9 Bn in 2019 to reach a valuation of US$ 2.8 Bn by 2027.
Cardiovascular Prosthetic Devices Market - The global cardiovascular prosthetic devices market is expected to grow at a CAGR of 8.20 % during the forecast year 2022 to 2032, up from US$ 5.15 Bn in 2021 to US$ 9.71 Bn by 2028.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/oncology-nutrition-market
