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Oncology Nutrition Market Size, Trends, Shares, Insights and Forecast – 2018-2026
Oncology Nutrition Market Size, Trends, Shares, Insights and Forecast – 2018-2026
“Coherent Market Insights “ONCOLOGY NUTRITION MARKET – GLOBAL TRENDS, ESTIMATES AND FORECASTS, 2020-2027?

Oncology Nutrition MarketRegional Analysis:-

North America is expected todominate the global OncologyNutrition Market due to launch of new oncology nutrition products by keyplayers. For instance, in 2005, Millennium Biotechnologies, a research basednutraceutical company, launched Resurgex nutritional supplement. Thissupplement is designed to support immune support and increase energy in cancerpatients.

Thus launch of nutritionalsupplements by key players to enhance and strengthen the immune system as wellmeet all the nutritional needs of cancer patients is expected to boost growthof the oncology nutrition market.

Asia Pacific oncology nutritionmarket is expected to witness growth due to increasing awareness campaigns fornutrition of cancer patients. For instance, Singapore Cancer society will beorganizing their awareness campaign - Gastric Cancer Awareness 2018, in August2018.

This campaign mainly focuses onthe importance of maintaining good nutrition during and after gastric cancertreatment. Such awareness campaigns are expected to fuel growth of the oncologynutrition market.

Cancer is a group of diseasesinvolving abnormal cell growth with the potential to spread or invade in otherparts of the body. These cells are called as malignant cells or tumor cells.Oncology is the branch of medicine, which deals with prevention, diagnosis, andtreatment of cancer or tumor.

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The nutrition of the cancerpatients during or after the treatment is termed as oncology nutrition. Propernutrition is required for a patient suffering from cancer or is undergoingcancer treatment. Furthermore, such nutrition provides strength to fightillness and offers endurance against the after effects of the treatment.

According to the nutritionistssome foods that must include diet of cancer patients are milk and dairyproducts, eggs, meat, poultry, fish, tofu, fruits, vegetables, bread, grain,cereal products, and others. Futthermore, high fat and calorie food isrecommended by doctors for cancer patients to prevent weight loss during thetreatment.

Proper nutrition provides moreenergy and improves the quality of life by managing the side effects of thecancer treatment and also helps in speeding up the recovery of the patient.Furthermore, it helps in healing wounds after chemotherapy and other treatments.

Oncology Nutrition MarketDrivers:-

Launch of new products fornutrition of oncology patients is expected to drive the oncology nutritionmarket growth. For instance, in 2016, Hormel Food Corporation, a U.S-based meatfood products company, launched a line of packaged ready-to-eat meals forcancer patients, which are called as Hormel Vital Cuisine.

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These meals consist ofcarbohydrates, proteins, and fats to help patients fight loss of muscle massand energy during cancer treatment. Thus launch of new ready to eat productsare expected to fuel growth of the oncology nutrition market.

Collaborations of key players toincrease awareness for nutrition of cancer patients is also expected to drivegrowth of the oncology nutrition market. For instance, in 2017, CelgeneCorporation, a U.S based biotechnology company, collaborated with Savor Health,which offers cancer patients expert dietary solutions.

Celgene Corporation collaboratedwith Savor Health to be a part of their awareness program ‘Cooking. Comfort.Care’ to increase awareness of importance of nutritional food for pancreaticcancer patients. Such campaigns that create awareness about nutritional foodfor cancer patients are expected to significantly contribute to growth of theoncology nutrition market.

According to a study conducted byNational Cancer Institute in 2018, around 15,112,098 people in U.S. werediagnosed with cancer in 2015, whereas in 2018 around 17 million new cases ofcancer were recorded. High prevalence of cancer is expected to boost theoncology nutrition market growth.

However, high cost of oncologynutrition products is expected to restrain the oncology nutrition marketgrowth. For instance, Nutricomp Energy HP by B. Braun Melsungen AG costs morethan US$ 8898 which most people cannot afford. Thus high cost of nutritionalproducts for cancer patients is expected to restrain the growth of oncologynutrition market.

Oncology Nutrition Market KeyDrivers:-

Key players operating in theoncology nutrition market include Danone, Nestle S.A., B. Braun Melsungen AG,Abbott Laboratories, Fresenius Kabi AG, Mead Johnson & Company, LLC., MeijiHoldings Co. Ltd., Hormel Foods Corporation, Global health products Inc., andVictus.

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