New York, NY, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Oncology Nutrition Market by Cancer Type (Blood, Liver, Pancreatic, Breast, Lung, Head & Neck, Esophageal, and Stomach & Gastrointestinal): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024”. According to the report, global oncology nutrition market was valued at approximately USD 1310 million in 2017 and is expected to generate revenue of around USD 2368.70 million by end of 2024, growing at a CAGR of around 8.85% between 2018 and 2024.
Oncology nutrition is a vital part of the entire process of recovering from cancer. Consuming a wide variety of foods and nutritious meals helps in coping with the heavy medication that is a part of cancer treatment. Following well-balanced oncology, nutrition helps in improving strength, maintaining body weight, and assists the body in recovering from cancer.
Browse through 32 Tables & 21 Figures spread over 110 Pages and in-depth TOC on “Global Oncology Nutrition Market: By Type, Industry Size, Share, Trends and Forecast, 2017 - 2024”.
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Malnourishment, caused due to cancer treatment or other related complications, can make patients weak or drained. Furthermore, it may lead to disruptions or delays in the cancer treatment and longer hospital stays. Thus, oncology nutrition is one of the most important aspects for fighting against cancer.
Global oncology nutrition market is primarily driven by increasing demand for nutritional feeding in the homecare sector, growing trend towards an enteral mode of nutrition from the parenteral, and increasing incidence of malnutrition in cancer patients. Other major driving factors are developing clinical research in oncology nutrition and increasing number of cancer cases. However, tube feeding-related complications and restricted reimbursement are the major restraints that may limit the growth of the market. Nonetheless, rapid product innovation and advancement of elemental formulas in the field are likely to disclose new avenues for oncology nutrition market in the near future.
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The oncology nutrition market is segmented on the basis of cancer types such as blood, liver, pancreatic, breast, lung, head & neck, esophageal, and stomach & gastrointestinal. Head & neck cancer segment holds the maximum share of global oncology nutrition market.
North America represents a developed regional market for oncology nutrition and is expected to see rapid growth in the years to come. The U.S. is by far the leading oncology nutrition market by country in North America. The U.S. market is projected to develop at a maximum CAGR during the forecast period. This development is mostly owing to the well-developed healthcare nutrition support infrastructure, huge investments in research and development of oncology nutrition, and presence of key market players. Moreover, the government fund/grant will promote the growth of oncology nutrition market.
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Europe was the second largest regional market and is expected to show significant growth in the years to come. This growth is mainly due to increasing prevalence of cancer among all age groups and growing geriatric population.
The Asia Pacific will grow at the highest rate over the forecast period. In Asia, China, India and, Japan will continue to be the fastest growing markets in oncology nutrition. Growth in the Asia Pacific market is expected to be driven by increasing number of cancer cases due to tobacco use, increasing health awareness, and increasing disposable income.
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In the Middle East & Africa, African region will register medium growth due to lack of awareness. Latin America is another important regional market and is expected to experience medium growth over the forecast period. Thus, all the aforementioned parameters are expected to propel the market growth in this region.
Some of the key players in oncology nutrition market include Fresenius Kabi AG, Nestle S.A., Abbott Laboratories, Danone, Global Health Products, Mead Johnson Nutrition Company, B.Braun Melsungen AG, Victus, Meiji Holdings, and Hormel Foods, among others.
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This report segments the global oncology nutrition market as follows:
Global Oncology Nutrition Market: By Cancer Type
- Blood
- Liver
- Pancreatic
- Breast
- Lung
- Head & Neck
- Esophageal
- Stomach & Gastrointestinal
Global Oncology Nutrition Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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