The global oncology nutrition market is expected to grow at a significant CAGR during the forecast period. According to oncology nutrition institute, 85% of cancer cases across the globe is caused by unhealthy lifestyle and diet. This high significance of food and nutrition apart from the causal factors has created space for treatment related nutrition. While a patient receives the cancer treatment or deals with the post treatment period, nutrition plays the most crucial role here. With the rising healthcare expenditure in different economies, the market is expected to witness a lucrative growth in the future years.
Rising prevalence of cancer is one of the major factors that is driving the growth of the market. According to WHO, cancer is the second leading cause of mortality across the globe which was responsible for an estimated 9.6 million mortalities in 2018. Around one-third of the mortalities from cancer are due to the 5 key behavioral and dietary risks including high body mass index, low fruit and vegetable intake, lack of physical activity, tobacco use, and alcohol use. A majority of these factors are related to regular eating habits owing to which nutrition and food is considered as a proactive aspect that can curb down the risk factor. Further, growing demand for nutritious food during the post recovery period of cancer is assisting significantly in the market growth. However, low disposable income and less awareness in emerging economies are expected to restrain the growth of the market.
Browse the full report description of "Oncology Nutrition Market by Cancer Type (Liver Cancer, Pancreatic Cancer, Lung Cancer, Breast Cancer, Others) – Global Trends, Size, Share, Growth, Industry Analysis and Forecast, 2019-2025" at https://www.omrglobal.com/industry-reports/oncology-nutrition-market
The key players dominating the global oncology nutrition market are Abbott Laboratories, Inc., B. Braun Melsungen AG, Chr. Hansen Holding A/S, Fresenius Kabi AG, Healios Oncology Nutrition, LLC, Nestlé S.A., Trovita Health Science, and Danone SA. These players adopt various strategies such as mergers & acquisitions, products, and services offering expansion, geographical expansion, and partnership & collaboration to stay competitive in the market. For instance, in 2019, CancerCare partnered with Savor Health for the launch of Intelligent Nutrition Assistant (INA), for assisting in the proper diet management of the cancer patient. Additionally, the growth of the market in the region is due to the various innovations and new products launched in the region by key players.
Global Oncology Nutrition Market- Segmentation
By Cancer Type
Global Oncology Nutrition Market- Regional
North America
Europe
Asia-Pacific
Rest of the World