Global Oncology Nutrition Market

  • 4100.00 Dollar US$
  • Published date: June 21, 2020
    • Pune, Maharashtra, India [ Ads Views - 25 ]

Global Oncology Nutrition Market valued at US$ 1.3Bn in 2017 and is expected to reach US$ 2.6Bn by 2026, at a CAGR of 9.05%during a forecast period. Global oncology nutrition market has been increasing alongside the rising incidence of many forms of cancers amongst people. Diagnosis of cancer is followed up by a series of tests and therapies to control the disease from getting the next stage. This has given a drive to the growth of the global market for oncology nutrition by necessitating regular intake of food. Cancer patients are at risk of suffering from disorders relating to incorrect nutrition due to their abysmal health condition. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. The deteriorating situation of cancer-affected persons also worsens their natural appetite, & therefore, the demand within the global oncology nutrition market has been escalating. A number of advancements in the domain of oncology have led to the growth of the global market and has given rise to numerous forms of nutrition for cancer patients. Based on cancer type, neck and head cancers are serving to drive major demand in the global oncology nutrition market. This is mostly on account of the tube feeding formulas for those afflicted with neck and head cancers. Such patients usually suffer from extreme conditions such as mucositis, dysgeusia, xerostomiaand nausea and vomiting which crimps nutritional uptake. In terms of distribution channel, hospitals segment held the largest market share in 2017. Due to the rise in cancer patients and to meet nutritional demand hospitals have indulged in providing proper meals to patients which in turn is driving the growth of the segment.Region-wise, North America accounted for the largest share of oncology nutrition market. However, the APAC region is expected to witness the highest CAGR during the forecast period. Growing in this segment can be attributed to the increased awareness and accessibility to advanced healthcare facilities, increasing healthcare spending, large population base, and rapid improvements in the health insurance sector.

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