USD 2.04 billion
Oncology Nutrition Market Size, Share, Growth Analysis, By Type(Oral Nutrition Supplements, Enteral Nutrition, and Parenteral Nutrition), By Application(Hospitals, Cancer Centers, and Home Care), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2089 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
63
|Figures:
75
Oncology Nutrition Market Insights
Global Oncology Nutrition Market size was valued at USD 2.04 billion in 2022 and is poised to grow from USD 2.22 billion in 2023 to USD 4.39 billion by 2031 growing at a CAGR of 8.9% in the forecast period (2024-2031).
The global oncology nutrition market is witnessing significant growth due to the increasing prevalence of cancer and the growing recognition of the importance of nutrition in cancer care.
The market is driven by factors such as the rising number of cancer patients undergoing chemotherapy and radiation therapy, which often lead to nutritional deficiencies. Oncology nutrition focuses on providing specialized diets and nutritional support to cancer patients to manage symptoms, maintain weight, and improve treatment outcomes.
Additionally, the market is driven by the growing awareness of the role of nutrition in reducing cancer risks and improving overall well-being. Key players in the market are investing in research and development to introduce innovative oncology nutrition products and services, catering to the specific nutritional needs of cancer patients.
US Oncology Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Oral Nutrition Supplements
Fastest Growth
Parenteral Nutrition
Growth Rate
8.9% CAGR
Global Oncology Nutrition Market ($ Bn)
Country Share for North America Region (%)
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Oncology Nutrition Market Segmental Analysis
The Global Oncology Nutrition Market is segmented by type, application, and region. Based on type, the market can be segmented into oral nutrition supplements, enteral nutrition, and parenteral nutrition. Based on application, the market is segmented into hospitals, cancer centers, and home care. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The type segment of the global oncology nutrition market refers to the different forms in which oncology nutrition products are available. This segment includes sub-segments such as oral nutrition supplements, enteral nutrition, and parenteral nutrition.
The dominant sub-segment in the type category is oral nutrition supplements (ons). Ons are dietary supplements that are taken orally to provide essential nutrients and support the nutritional needs of cancer patients. They come in various forms such as liquids, powders, and bars, and are designed to be easily consumed and absorbed by patients. Ons are widely used in oncology care settings to manage malnutrition, support weight maintenance, and improve overall nutritional status.
The fastest-growing sub-segment in the type category is parenteral nutrition. Parenteral nutrition involves delivering nutrients directly into the bloodstream through intravenous infusion. It is typically used in cases where patients cannot consume food orally or cannot tolerate internal nutrition. Parenteral nutrition provides a complete mix of nutrients, including proteins, carbohydrates, fats, vitamins, and minerals, tailored to meet the specific nutritional needs of cancer patients.
Analysis by Application
The application segment of the global oncology nutrition market refers to the various areas where oncology nutrition products are utilized to meet the nutritional needs of cancer patients. This segment includes sub-segments such as hospitals, cancer centers, and home care.
The dominant sub-segment in the application category is hospitals. Hospitals play a critical role in cancer care and treatment, and they often have specialized oncology units or departments. These facilities provide comprehensive care to cancer patients, including nutrition support. oncology nutrition products are widely used in hospitals to manage malnutrition, promote healing, and support the overall well-being of patients undergoing cancer treatments.
The fastest-growing sub-segment in the application category is home care. Home care refers to the provision of medical and supportive care services in the patient's home. With advancements in technology and healthcare delivery, there is an increasing trend toward providing cancer treatments and supportive care in the home setting. Oncology nutrition products are being utilized in home care settings to ensure that patients receive adequate nutrition while undergoing treatment or recovery at home.
Global Oncology Nutrition Market By Type
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Oncology Nutrition Market Regional Insights
One dominant region in the global oncology nutrition market is North America. The region has a well-developed healthcare infrastructure, advanced oncology treatment facilities, and a high prevalence of cancer. North America is home to several leading pharmaceutical companies, research institutions, and hospitals specializing in cancer care. The region's dominance is driven by factors such as the high adoption of advanced oncology nutrition therapies, increasing investments in cancer research, and strong government support for cancer treatment and prevention.
One of the fastest-growing regions in the global oncology nutrition market is Asia-Pacific. The region is witnessing a rising incidence of cancer, increasing healthcare expenditure, and improving access to cancer care services. Factors such as growing awareness about the importance of nutrition in cancer treatment, improving healthcare infrastructure, and the adoption of advanced oncology nutrition products contribute to the market's growth in the Asia-Pacific region. Additionally, the region's large population, increasing disposable income, and shifting lifestyle patterns are driving the demand for oncology nutrition products and services.
Global Oncology Nutrition Market By Region
- Largest
- Fastest
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Oncology Nutrition Market Dynamics
Drivers
Increasing Prevalence Of Cancer And The Need For Supportive Care
- One key driver of the global oncology nutrition market is the increasing prevalence of cancer worldwide. Cancer patients often experience nutritional deficiencies and weight loss due to the disease itself and the side effects of cancer treatments such as chemotherapy and radiation therapy. Oncology nutrition products and services play a vital role in providing essential nutrients, managing side effects, and improving the overall well-being and quality of life of cancer patients. The growing recognition of the importance of supportive care, including nutrition therapy, in cancer treatment drives the demand for oncology nutrition products and services.
Restraints
High Cost Of Oncology Nutrition Products
- One significant restraint in the global oncology nutrition market is the high cost of oncology nutrition products. These products are often specialized, formulated with specific nutrients, and designed to meet the unique nutritional needs of cancer patients. The cost of research and development, manufacturing, and quality control of these specialized products adds to their higher price compared to standard nutritional supplements. Additionally, the need for customized nutrition plans and personalized counselling services further contributes to the overall cost of oncology nutrition. The high cost may limit the accessibility and affordability of these products, particularly in lower-income regions or for patients
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Oncology Nutrition Market Competitive Landscape
The global Oncology Nutrition market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Oncology Nutritions. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Top Player’s Company Profiles
- Nestlé S.A. (Switzerland)
- Abbott Laboratories (United States)
- Fresenius Kabi AG (Germany)
- Danone S.A. (France)
- Mead Johnson Nutrition Company (United States)
- B. Braun Melsungen AG (Germany)
- Perrigo Company plc (Ireland)
- Meiji Holdings Co., Ltd. (Japan)
- Hormel Foods Corporation (United States)
- Nutricia Advanced Medical Nutrition (Netherlands)
- Medifood GmbH (Germany)
- Victus Inc. (United States)
- Claris Lifesciences Ltd. (India)
- Alvogen (United States)
- Celgene Corporation (United States)
- Medtrition, Inc. (United States)
- Hero Nutritionals, LLC (United States)
- InnoVaderm (Canada)
- Fresubin (Germany)
- Perrigo Nutritionals (United States)
Recent Developments
- In April 2024, Carilion Clinic, Blue Ridge Cancer Care, and Feeding Southwest Virginia announced the opening of the first clinic-based food pantry dedicated to serving cancer patients undergoing treatment. Located within Carilion’s Cancer Center, the facility is a shared space where patients can consult with top oncologists from both medical institutions.
- In February 2024, Novartis, a global healthcare company, announced plans to acquire MorphoSys AG, a leading German biopharmaceutical company, for US$2.9 billion. This acquisition underscores Novartis' strategic focus on strengthening its oncology pipeline and expanding its portfolio of innovative cancer treatments.
- In January 2024, Danone partnered with digital oncology company Resilience for better nutritional care for patients with cancer.
Oncology Nutrition Key Market Trends
- One key market trend in the global Oncology Nutrition market is the focus on personalized nutrition interventions for cancer patients. Recognizing that nutrition plays a critical role in the management and recovery of cancer patients, there is a growing emphasis on tailoring nutritional support to the specific needs of each individual. This trend involves the use of advanced diagnostic techniques, such as genetic profiling and biomarker analysis, to identify specific nutritional deficiencies or requirements based on the patient's unique cancer type and treatment regimen. Personalized oncology nutrition interventions aim to optimize nutritional intake, support immune function, minimize treatment-related side effects, and enhance overall well-being and quality of life for cancer patients. This trend reflects the shift towards precision medicine and the understanding that individualized approaches to nutrition can have a significant impact on patient outcomes in oncology care.
Oncology Nutrition Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global oncology nutrition market is witnessing significant growth due to the increasing prevalence of cancer and the recognition of the role of nutrition in cancer management. Oncology nutrition focuses on providing specialized dietary support to cancer patients, addressing their unique nutritional needs and helping manage treatment-related side effects. The market is driven by factors such as the rising number of cancer cases, increasing awareness about the importance of nutritional support in cancer treatment, and advancements in nutritional therapy. Key players in the market are developing specialized oncology nutrition products and services to cater to the specific requirements of cancer patients. The market is also witnessing collaborations between healthcare providers, nutritionists, and food companies to develop tailored nutrition plans for cancer patients.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.04 billion |
| Market size value in 2031 | USD 4.39 billion |
| Growth Rate | 8.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Oncology Nutrition Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Oncology Nutrition Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Oncology Nutrition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Oncology Nutrition Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Oncology Nutrition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Oncology Nutrition Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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