Oncology nutrition Market Scope
Nutrition therapy which is used to help cancer patients to maintain strength, keeps a healthy body weight, keeps body tissue healthy, as well as decreases side effects both during and after treatment is known as Oncology Nutrition. Cancer treatments and the Cancer might affect human sensations including smell, taste, appetite, as well as minimizes the ability to eat and digest enough food or absorb the nutrients from food. These affects can cause malnutrition, which is a condition caused by a lack of key nutrients. Nutrition is a process to take food inside the human body and used by the body for growth and to keep the body healthy.
According to AMA, the Global Oncology nutrition market is expected to see growth rate of 8.2% and may see market size of USD3.1 Billion by 2026.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Oncology nutrition market throughout the predicted period.
Abbott Laboratories (United States), Aceto (United States), B. Braun Melsungen AG (Germany), Baxter International (United States), BioSig Technologies (United States), Danone (France), FMC Corporation (United States), Fresenius Kabi AG (Germany), Global Health Products (United States) and Hansen Medical (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hormel Foods (United States), Mead Johnson Nutrition Company (United States), Meiji Holdings Co. Ltd. (Japan), Nestle S.A. (Switzerland) and Victus (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Oncology nutrition market and Region with country level break-up.
On the basis of geography, the market of Oncology nutrition has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On October 10th, 2018, the American Society for Parenteral and Enteral Nutrition (ASPEN), an organization which drives the science and practice of clinical nutrition, and Baxter International Inc., a global leader in clinical nutrition, launched an educational video series on the appropriate use of parenteral nutrition (PN), as part of the organizations’ “SmartPN” collaboration to help reduce clinical malnutrition.
On October 25th, 2018, U.S. Food and Drug Administration (FDA) has cleared Abbott’s next-generation Influenza A and B2 and Strep A2 molecular assays for point-of-care testing. These new assays enable the three time fastest molecular influenza. Both the assays have been granted a Clinical Laboratory Improvement Amendments (CLIA) certificate of waiver which are currently available on the ID NOW platform (formerly known as “Alere I”).
Market Trend
- Growing Instances of Extreme Weight Loss in Cancer Patients
- Increasing Demand in Homecare Sector
Market Drivers
- Increasing Prevalence of Cancer
- Rising Demand for the Nutritional Food
Opportunities
- Up surging Nutritional Interventions and Rapid Product Innovations
- Enhancements in Clinical Research and Nutritional Food Product Developments
Restraints
- Continues Product Innovations
- Side Effects of Few Oncology Nutrients may Hamper Business Growth
Challenges
- Complications Related to Tube Feeding
- Lack of Government Assistance in Generating Reimbursements
Key Target Audience
Oncology Nutrition Providers, 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, Government Regulatory Bodies, Hospitals and Clinics and Others