The global Nutrition in patients with cancer market size is expected to reach USD 3.92 Billion in 2030 and register a revenue CAGR of 8.6% over the forecast period, according to the latest report by Reports and Data. Rising prevalence of cancer across the world, coupled with need for cancer patients to eat nutritious food that helps to gain strength to fight against the disease, and during as well as after treatment, and provides stamina against after-effects of cancer treatment are key factors driving global Nutrition in patients with cancer market revenue growth. In addition, rising need for nutritional products for cancer patients in-home care settings and increasing preference for enteral nutrition products are other major factors supporting revenue growth of the global market.
Rising need for Nutrition in patients with cancer globally due to need for cancer patients to intake right amount of nutrition to fight the disease and reduce side-effects of strong medicines and therapies, which cannot be met by following normal diet. Nutrition in patients with cancer is a medical strategy that provides proper nutrition assistance to cancer patients. Other factors driving revenue growth of the global Nutrition in patients with cancer market include increasing investments by major companies in research & development of innovative and more enhanced Nutrition in patients with cancer supplements.
In-depth Study of the Competitive Landscape:
The global Nutrition in patients with cancer market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Abbott Laboratories, Danone SA, Nestle SA, Fresenius Kabi AG, B. Braun Melsungen AG, Mead Johnson & Company, LLC., Hormel Foods Corporation, Meiji Holdings Co., Ltd., Victus Inc., and Global health products Inc.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Billion; 2019–2030)
- Head and Neck Cancer
- Stomach and Gastrointestinal Cancer
- Pancreatic Cancer
- Liver Cancer
- Esophageal Cancer
- Breast Cancer
Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Hospitals
- Retail Pharmacies
- Online Pharmacies
Some Key Highlights From the Report
- In 2019, CancerCare entered into a partnership with Savor Health and launched Introduce Ina, the intelligent nutrition assistant. Ina offers personalized, evidence-based nutrition support helping people with cancer to eat healthily and stay well-nourished during treatment period and post-treatment.
- Among the type segments, the head and neck segment is expected to account for largest revenue share during the forecast period. Patients with head and neck cancer face significant difficulties with oral dietary intake, as a result, enteral nutrition assistance is employed. Use of tube feeding formulae has expanded as the incidence of such cancer cases has increased. In addition, problems including severe mucositis, xerostomia, dysgeusia, and nausea & vomiting obstruct nutrient intake, making it necessary for cancer oncology nutrition.
- Among the end-use segments, the clinic segment is expected to register significantly fast revenue growth rate during the forecast period. Good nutrition is especially important during and after surgery of cancer patients because illness and the treatment can change the way one eats, as well as affect the way a patient’s body tolerates certain foods and uses nutrients, so Nutrition in patients with cancer is used to meet the required nutrition, which is expected to drive revenue growth of this segment.
- Among the distribution channel segments, the hospital segment accounted for largest revenue share in 2021. As number of cancer patients has increased, hospitals are providing healthy meals for patients to satisfy their nutritional needs. The rising availability of Nutrition in patients with cancer in hospitals is driving revenue growth of this segment.
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