Oncology nutrition refers to the nutrition and diet of cancer patients who are undergoing treatment or have completed treatment. Nutrition is a vital supportive therapy during cancer treatment and plays a significant role in several areas of cancer development. Appropriate diet can help cancer patients in maintaining their weight and body composition, resulting in improved recovery and a better quality of life. For a cancer patient, proper nutrition gives them the strength they need to combat the disease. The right nutrition can help a patient cope with the unpleasant side effects of cancer and its therapy. Good nutrition also helps in speedy recovery of cancer patients.
MARKET SCOPE
The "Global Oncology Nutrition Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oncology nutrition market with detailed market segmentation by cancer type. The report provides key statistics on the market status of the leading oncology nutrition market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on cancer type the market is segmented as, Head and Neck Cancers, Stomach and Gastrointestinal Cancers, , Pancreatic Cancer, Esophageal Cancer, Lung Cancer, Breast Cancer, Blood Cancer and Other Cancers.
Drivers:
-Increasing prevalence of cancers and metastatic diseases is the key driver for the market growth.
-Growing demand for oncology nutrition for cancer patients, growing focus on eternal nutrition.
-Rising awareness regarding proper nutrition of cancer patients during their treatments.
-However, tube feeding-related complications and limited reimbursement associated with this are expected to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The oncology nutrition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the oncology nutrition market in these regions.
IMPACT OF COVID-19 ON ONCOLOGY NUTRITION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. The demand for oncology nutrition has decreased because of ongoing pandemic situation. The people cannot receive their cancer treatment by visiting hospitals due to restrictions imposed. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the oncology nutrition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from oncology nutrition market are anticipated to lucrative growth opportunities in the future with the rising demand for oncology nutrition in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oncology nutrition market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Abbott
-Nestle S.A.
-Nutricia
-Fresenius Kabi India Pvt. Ltd
-B. Braun Melsungen AG
-Mead Johnson Nutrition Company
-Hormel Foods Corporation
-Meiji Holdings Co., Ltd.
-Victus, Inc
-Global Health Products, Inc.