The extensive study on the Oncology Nutrition market published by TMRR offers valuable insights related to the overall prospects of the Oncology Nutrition market during the forecast period (2019-2029). The presented study suggests that the Oncology Nutrition market is anticipated to reach ~US$ by the end of 2029 and grow at a CAGR of ~XX% over the assessment period. The current and future prospects of the Oncology Nutrition market in the upcoming decade are analyzed in the presented report with utmost precision.
The Oncology Nutrition market study is an essential source of information for the upcoming market players who are vying to establish a strong presence in the current Oncology Nutrition market landscape.
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Oncology Nutrition Market Segregation
Drivers and Restraints
Numerous factors are catalyzing growth in the global market for oncology nutrition. Foremost among those are switch to enteral nutrition from parenteral. Other factors are surging demand for nutritional feeding in the homecare segment, increasing number of patients being treated for malnutrition arising from cancer, and cutting-edge clinical research on nutritional interventions. Further, continued development of elemental formulas and product, particularly with respect to non-GMO based formulas is also stoking demand in the market for oncology nutrition.
Posing a challenge to the market, on the other hand, are complications pertaining with tube feeding and few reimbursements policies. However, the spike in the number of cancer patients worldwide on account of changing lifestyles, dietary habits, and other things is expected to keep the market on a steady growth trajectory.
Global Oncology Nutrition Market: Trends and Opportunities
At present, the neck and head cancers are serving to drive significant demand in the global market for oncology nutrition. This is mainly on account of the tube feeding formulas for those afflicted with neck and head cancers. Such patients typically suffer from extreme conditions such as xerostomia, mucositis, dysgeusia, and nausea and vomiting which crimps nutritional uptake.
Some of the other types of cancers that are driving demand for products are stomach and gastrointestinal cancers, liver cancer, pancreatic cancer, breast cancer, esophageal cancer, lung cancer, and blood cancer, among others.
Global Oncology Nutrition Market: Regional Analysis
From a geographical standpoint, North America and Europe at present account for considerable share in the market for oncology nutrition. This is mainly because of the rising prevalence of chronic diseases and disorders and a large pool of elderly who are highly prone to chronic and acute ailments. Another factor stoking the market in the region are presence of numerous state-of-the-art long-term care facilities, namely nursing homes, homecare and hospices, and assisted living facilities. Those have emerged as great alternatives to hospitals. In addition, cost-cutting pressures in hospitals has resulted in preference for treatment at home. This is predicted to further push up demand for such feeding formulas.
Global Oncology Nutrition Market: Competitive Landscape
Some of the prominent participants in the global market for oncology nutrition are Abbott Laboratories, Danone, Nestle S.A., Fresenius Kabi AG, and B, Braun Melsungen AG. Most of them are deep-pocketed companies that have progressed on the back of continued product innovation and sagacious marketing strategies. The report studies their sales and revenues and prospects going forward. By leveraging market-leading analytical tools, it also tries to gauge the threats and opportunities awaiting them.
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Key queries addressed in the report:
- How are market players expanding their regional and international market presence?
- Why is the adoption of product 1 expected to outpace that of product 2?
- What is the scope of the Oncology Nutrition market in region 1?
- What is the most cost-effective distribution channel for market players in region 1 and region 2?
- How are market players adjusting to the fluctuating prices of raw materials?
Critical data that can be drawn from the Oncology Nutrition market report:
- Analysis of the market structure in each regional market
- Key technological developments relevant to the Oncology Nutrition market
- The regulatory landscape of the Oncology Nutrition market in different geographies
- The projected growth of each Oncology Nutrition market segment and sub-segment during the forecast period
- Sales, promotional, and distribution channels adopted by market players in the Oncology Nutrition market
The regional assessment of the Oncology Nutrition market throws light on the market share, size, and value of each regional market. Further, the scope of the Oncology Nutrition market in each region is discussed in the report along with informative and easy-to-understand graphs, figures, and tables.
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