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Global Oncology Nutrition Market is expected to grow at a CAGR of 10.69% during the forecast period from 2019-2025

02-03-2020 09:30 AM CET | Science & Education

Press release from: Fior Markets

Global Oncology Nutrition Market 2019, Global Oncology Nutrition Market Growth, Global Oncology Nutrition Market Trends

Global Oncology Nutrition Market 2019, Global Oncology Nutrition Market Growth, Global Oncology Nutrition Market Trends

As per the report published by Fior Markets, the global oncology nutrition market is expected to grow from USD 1,440.82 Million in 2017 to USD 3,280.09 Million by 2025 at a CAGR of 10.69% during the forecast period from 2018-2025. NorthAmericais expected to dominate themarket during the forecast period. Rising cases of cancer diseasecoupled with increasing number of elderly population and increasing requirement of nutritional products during treatment are opening new ways for the market in the region.

Global Oncology Nutrition Market by Cancer Type (Head and Neck Cancer, Liver Cancer, Pancreatic Cancer, others), Distribution Channel, Region" and Global Forecast 2018-2025.

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Key players operating in the market include Danone, Abbott Laboratories, Nestlé, Fresenius Kabi, B. Braun Melsungen AG, Mead Johnson & Company, LLC, Hormel Foods Corporation, Meiji Holdings Co. Ltd., Victus, Global health products Inc., Aceto, Baxter International, FMC Corporation among others. New product launches and technologicaladvancements by players is driving the growth of the market.For instance, in 2016, Hormel Food Corporation, which is a U.S-based meat food Products Companyintroduced a line of packaged ready-to-eat meals for cancer patients.These are called as Hormel Vital Cuisine. Furthermore, Fresenius Kabi, a German-based pharmaceutical manufacturer had invested USD 250 million in Illinois to expand outside of Chicago.It is intended to boost production of injectable medicines which is currently in demand in the United States. This is anticipated to complete in the year 2020.

Cancer type segment includes head & neck, stomach & gastrointestinal, liver, pancreatic, esophageal, lung, breast, blood and other cancers. The head and neck cancers segment dominated the market and held largest market share of 37.29% in 2017. Patients with head and neck cancers suffer from oral nutritional intake. Increase cases of such cancers have rose the uptake of tube feeding formulas. Moreover, conditions such as severe mucositis, dysgeusia, and nausea & vomiting restrict nutritional intake. These factors are adding to the adoption of oncology nutritional feeding formulas.Distribution channel segment is classified into hospitals, retail pharmacies, and online pharmacies. Hospitals segment is dominated and expected to grow with the highest CAGR of 12.09%in the forecast period. Due to increase 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.

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Increasing cases of cancer disease andincreasing requirement to meet the nutritional demandsduring treatment are major factors propelling the growth of the market. In addition, growing awarenessprograms in developing countries regarding benefits of nutritional requirements are also boosting the market.High cost of these products may restrict thegrowth of the market. However, increase in healthcare expenditure and increasing demand from developing countries are bolstering the market progression.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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