Onco-Nutrition and Supplements Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4179
Onco-Nutrition and Supplements Market size is projected to experience significant growth from 2019 to 2025.
Growing incidence and prevalence of cancer is one of the major factors contributing into the growth of onco-nutrition and supplements market. According to the International Agency for Research on Cancer in 2018, around 17.0 million cases of cancer were reported and around 9.5 million deaths occurred across the globe. Furthermore, growing demand for nutrition and supplements among cancer patients due to malnutrition is further propelling the growth of the onco-nutrition and supplements market.
The rising demand for enteral nutrition among patients with head and neck cancer is fostering the growth of the market. With the rise in the number of cancer cases, the uptake of tube feeding formulas has also increased. This is attributed to the problem’s patients suffered during oral nutritional intake. Hence, the upsurge in the enteral nutrition has boosted the growth of the onco-nutrition and supplements market.
Growing demand for nutritional feeding in the homecare sector and increasing usage of nutritional supplements has further boosted the growth of the market. This is attributed to the fact that around 1.5 million people diagnosed with cancer each year in the U.S. consumes supplements such as vitamins, herbs and extracts that helps in strengthening the immune system and ease side effects of chemotherapy and radiation. Thus, owing to these developments, it is expected to witness a significant traction towards onco-nutrition and supplements that has further boosted the growth of the market.
However, the limited reimbursement associated with the use of tube are some of the factors anticipated to restrain the growth of the global onco-nutrition and supplements market.
Based on type of cancer, the head and neck cancers segment are expected to witness the lucrative growth over the forecast period. This is attributed to the growing demand for tube feeding formulas with head and neck cancer patients as conditions such as nausea & vomiting, xerostomia, severe mucositis, and, dysgeusia limits nutritional intake.
North America is currently dominating the onco-nutrition and supplements market in the region and is attributed to the couple of factors such as growing number of cancer population, presence of large pharmaceutical companies manufacturing supplements for these patients and factors such as high cost pressures in hospitals, a shift from extended hospital treatment to treatment at home is seen in the healthcare system are some of the factors that are propelling the growth of the market in the region.
Asia pacific is expected to witness the lucrative growth over the forecast period. The key factors such as rising awareness and accessibility to advanced healthcare facilities, large population base diagnosed with cancer and increasing healthcare spending are the factors that are driving the growth of the market in the region.
Few of the key companies operating in onco-nutrition and supplements market include Abbott, Nestle S.A, Danone, Fresenius Kabi AG, B. Braun Melsungen AG, Hormel Foods, and, Global Health Products. These players have been engaging into mergers or acquisition to expand their product portfolios and reinforce their market position.
Onco-Nutrition and Supplements Market by Cancer Type, 2014-2025 (USD Million)
- Blood cancer
- Liver cancer
- Pancreatic cancer
- Breast cancer
- Head & Neck cancer
- Lung cancer
- Stomach cancer
- Gastrointestinal cancer
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Nestle S.A
- Fresenius Kabi AG
- B. Braun Melsungen AG
- Hormel Foods
- Global Health Products
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