Oncology Nutrition Market
Regional Analysis:-
North America is expected to
dominate the global Oncology
Nutrition Market due to launch of new oncology nutrition products by key
players. For instance, in 2005, Millennium Biotechnologies, a research based
nutraceutical company, launched Resurgex nutritional supplement. This
supplement is designed to support immune support and increase energy in cancer
patients.
Thus launch of nutritional
supplements by key players to enhance and strengthen the immune system as well
meet all the nutritional needs of cancer patients is expected to boost growth
of the oncology nutrition market.
Asia Pacific oncology nutrition
market is expected to witness growth due to increasing awareness campaigns for
nutrition of cancer patients. For instance, Singapore Cancer society will be
organizing their awareness campaign - Gastric Cancer Awareness 2018, in August
2018.
This campaign mainly focuses on
the importance of maintaining good nutrition during and after gastric cancer
treatment. Such awareness campaigns are expected to fuel growth of the oncology
nutrition market.
Cancer is a group of diseases
involving abnormal cell growth with the potential to spread or invade in other
parts of the body. These cells are called as malignant cells or tumor cells.
Oncology is the branch of medicine, which deals with prevention, diagnosis, and
treatment of cancer or tumor.
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The nutrition of the cancer
patients during or after the treatment is termed as oncology nutrition. Proper
nutrition is required for a patient suffering from cancer or is undergoing
cancer treatment. Furthermore, such nutrition provides strength to fight
illness and offers endurance against the after effects of the treatment.
According to the nutritionists
some foods that must include diet of cancer patients are milk and dairy
products, eggs, meat, poultry, fish, tofu, fruits, vegetables, bread, grain,
cereal products, and others. Futthermore, high fat and calorie food is
recommended by doctors for cancer patients to prevent weight loss during the
treatment.
Proper nutrition provides more
energy and improves the quality of life by managing the side effects of the
cancer 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 Market
Drivers:-
Launch of new products for
nutrition of oncology patients is expected to drive the oncology nutrition
market growth. For instance, in 2016, Hormel Food Corporation, a U.S-based meat
food products company, launched a line of packaged ready-to-eat meals for
cancer patients, which are called as Hormel Vital Cuisine.
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These meals consist of
carbohydrates, proteins, and fats to help patients fight loss of muscle mass
and energy during cancer treatment. Thus launch of new ready to eat products
are expected to fuel growth of the oncology nutrition market.
Collaborations of key players to
increase awareness for nutrition of cancer patients is also expected to drive
growth of the oncology nutrition market. For instance, in 2017, Celgene
Corporation, a U.S based biotechnology company, collaborated with Savor Health,
which offers cancer patients expert dietary solutions.
Celgene Corporation collaborated
with Savor Health to be a part of their awareness program ‘Cooking. Comfort.
Care’ to increase awareness of importance of nutritional food for pancreatic
cancer patients. Such campaigns that create awareness about nutritional food
for cancer patients are expected to significantly contribute to growth of the
oncology nutrition market.
According to a study conducted by
National Cancer Institute in 2018, around 15,112,098 people in U.S. were
diagnosed with cancer in 2015, whereas in 2018 around 17 million new cases of
cancer were recorded. High prevalence of cancer is expected to boost the
oncology nutrition market growth.
However, high cost of oncology
nutrition products is expected to restrain the oncology nutrition market
growth. For instance, Nutricomp Energy HP by B. Braun Melsungen AG costs more
than US$ 8898 which most people cannot afford. Thus high cost of nutritional
products for cancer patients is expected to restrain the growth of oncology
nutrition market.
Oncology Nutrition Market Key
Drivers:-
Key players operating in the
oncology nutrition market include Danone, Nestle S.A., B. Braun Melsungen AG,
Abbott Laboratories, Fresenius Kabi AG, Mead Johnson & Company, LLC., Meiji
Holdings Co. Ltd., Hormel Foods Corporation, Global health products Inc., and
Victus.
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