According to FutureWise analysis the market for Oncology Nutrition in 2023 is US$ 2.21 billion, and is expected to reach US$ 4.38 billion by 2031 at a CAGR of 8.90%.
The medical specialty of oncology focuses on detecting, preventing, and treating cancer. Oncology nutrition refers to food and nutrition for a cancer patient during or after treatment. One of the main factors of illness and mortality worldwide is malignant diseases. Along with population aging, it is anticipated that both the incidence and prevalence of cancer cases will rise in the ensuing decades. Significant advancements in cancer treatment (surgery, systemic therapy, radiotherapy) have been made thanks to multimodal therapies, leading to increased cure rates and prolonged survival in the palliative context. Based on the aforementioned data, it is projected that the number of patients in healthcare systems worldwide—particularly older people—will significantly expand. Regardless of whether the patient is receiving curative or palliative care, the effectiveness and tolerance of a multimodal treatment approach depend on several variables, with nutrition ranking as one of the most crucial.
The primary factor contributing to the expansion of the market's growth is the rise in the prevalence of cancer. The rising cost of healthcare is a significant issue affecting the market for oncology nutrition. The oncology nutrition industry will grow due to the development of basic techniques, more government financing, and expanding public and private activities to raise awareness about the nutrition of cancer patients. The need for healthy food from the homecare industry is expected to rise, and changing lifestyles will also benefit the market's growth rate.
FutureWise Market Research has published a report that provides an insightful analysis of oncology nutrition market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.
According to the analysis conducted by FutureWise research analysts, the oncology nutrition market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.