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New report shares details about the oncology nutrition market to reach US$ 2.21 billion by 2023, growing at 8.7% CAGR

Food & Beverage Market Research

Players competing in oncology nutrition market are Abbott Laboratories (US), Nestle S.A. (Switzerland), Danone (France), Fresenius Kabi AG (Germany), and B.Braun Melsungen AG (Germany). The other players in this market include Mead Johnson Nutrition Company (US), Hormel Foods (US), Meiji Holdings (Japan), Victus (US), and Global Health Products (US).

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The oncology nutrition market is expected to reach USD 2.21 billion by 2023 from USD 1.46 billion in 2018, at a CAGR of 8.7%. The overall growth of the market is largely driven by the shifting focus from parenteral to enteral nutrition, increasing incidence of cancer, growing demand for nutritional feeding in the homecare sector, rising number of patients being treated for malnutrition, and increasing quality of clinical research on nutritional interventions.

Key Target Audience:

  • Manufacturers and vendors of enteral feeding formulas
  • Research associations related to enteral nutrition and oncology
  • Hospitals, nursing homes, and LTC facilities
  • Various research and consulting firms
  • Distributors of enteral feeding formulas
  • Healthcare institutions
  • Research institutes
  • Venture capitalists and investors

Report analyzes oncology nutrition market by type of cancer & region.

Based on cancer type, head & neck cancers segment accounted for largest share of market in 2017. Patients with head & neck cancers suffer from severe problems associated with oral nutritional intake.

Enteral route is used for nutrition support. With increasing number of such cancers cases, uptake of tube feeding formulas has increased.

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Geographically, oncology nutrition market segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2017, North America commanded a major share of oncology nutrition market.

Asia Pacific expected to witness highest growth during orecast period. Significant growth of Asia Pacific market is mainly attributed to growing prevalence of chronic diseases & disorders, increasing number of preterm births, rising geriatric population, and increasing healthcare expenditure.

Global Oncology Nutrition Market, by Cancer Type

  • Head and Neck Cancers
  • Stomach and Gastrointestinal Cancers
  • Liver Cancer
  • Pancreatic Cancer
  • Esophageal Cancer
  • Lung Cancer
  • Breast Cancer
  • Blood Cancer

Geographically, oncology nutrition market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2017, North America accounted for largest share of this market.

However, the Asia Pacific region is expected to witness the highest CAGR during forecast period of 2018 to 2023.

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Although, tube feeding is an effective and cost-efficient option for providing clinical nutrition, certain complications associated with the use of these devices can result in additional healthcare costs. Also, the limited reimbursement associated with its use pose significant restraint for greater adoption of these feeding formulas.

Break of primary participants:

  • By Company Type – Tier 1: 48%, Tier 2–34%, and Tier 3–18%
  • By Designation – C-suite: 32%, Director and Manager Level: 48%, and Executives and Others: 20%
  • By Region – North America: 36%, Europe: 27%, Asia Pacific: 21%, and the Rest of the World: 16%

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