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Clinical Nutrition For Cancer Care Market Key Trends And Strategies For Expansion 2024-2033
Clinical Nutrition For Cancer Care Market Key Trends
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According to The Business Research Company's, The clinical nutrition for cancer care market size has grown strongly in recent years. It will grow from $4.67 billion in 2023 to $4.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to raising awareness of nutritional needs, the emergence of precision nutrition approaches, changes in healthcare policy and reimbursement models, surgical interventions for cancer, and growing interest in functional foods, nutraceuticals, and dietary supplements.
The clinical nutrition for cancer care market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to a shift towards personalized medicine and precision nutrition approaches, increasing demand for clinical nutrition interventions to support patients, increasing awareness of the impact of nutrition on cancer treatment outcomes, advancements in cancer treatment, integrating structured clinical nutrition pathways in oncology. Major trends in the forecast period include advances in nutritional biomarker research, technological innovations in nutritional products and delivery systems, increased collaboration between oncologists, ongoing advancements in nutritional science, and continued research and development in nutritional science.
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Market Drivers and Trends:
The rising prevalence of cancer is expected to propel the growth of the clinical nutrition for cancer care market going forward. Cancer is a group of diseases characterized by uncontrolled cell growth and the potential to spread to other parts of the body. The rise in cancer cases is attributed to increased life expectancy, making a larger aging population more susceptible to cancer. Clinical nutrition for cancer care is used to provide specialized dietary management and nutritional support tailored to the unique needs of cancer patients, aiming to optimize treatment outcomes. For instance, in February 2024, according to the World Health Organization, a US-based intergovernmental organization, approximately 35 million new cancer cases were predicted in 2050, a 77% increase from the estimated 20 million cases in 2022. Therefore, the rising prevalence of cancer is driving the growth of the clinical nutrition for cancer care market.
Major companies operating in the clinical nutrition for cancer care market are developing innovative products for cancer patients, such as oral nutritional supplements, to gain a competitive edge in the market. Oral nutritional supplements are specially formulated dietary products designed to provide targeted nutritional support for individuals with specific medical conditions. For instance, in July 2022, Nestle, a Switzerland-based food and drink processing company, launched China's First Foods Oral Impact Su Yi Su, which contains arginine and fish omega-3 on top of other basic nutritional ingredients for special medical purposes (FSMP) for patients suffering from tumor-related conditions after going through a five-year-long approval process from the Chinese regulator. Oral Impact Su Yi Su is a specially approved food for special medical purposes (FSMP) nutritional supplement designed to provide targeted nutritional support for individuals with specific medical conditions or dietary needs. It is formulated to meet the unique nutritional requirements of individuals undergoing cancer treatment.
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Major Key Players of the Market:
Pfizer Inc., Bayer AG, Abbott Nutrition, GlaxoSmithKline plc, Reckitt Benckiser Group plc, Evonik Industries AG, Baxter International Inc., Otsuka Holdings Co. Ltd., B. Braun Melsungen AG, Koninklijke DSM N.V., Glanbia plc, Kyowa Kirin Co. Ltd, Nestle Health Science S.A., Danone Nutricia, BioGaia AB, Meiji Holdings Company Ltd., Hormel Health Labs, Victus Inc., Taiho Pharmaceutical Co. Ltd., Global Health Products Inc
Clinical Nutrition For Cancer Care Market 2024 Key Insights:
• The clinical nutrition for cancer care market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
• Cancer Prevalence Is Driving Growth In Clinical Nutrition For Cancer Care Market
• Cutting-Edge Clinical Nutrition Products To Provide A Competitive Enhanced Benefit For Cancer Care Patients
• North America was the largest region in the clinical nutrition for cancer care market in 2023
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