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Oncology Nutrition Market in North America- Forcast Till 2026

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akanksha
Oncology Nutrition Market in North America- Forcast Till 2026

The rising global #cancer incidence is a significant factor in the growth of the #oncology #nutrition industry. The use of #dietary products prior to and during cancer treatment provides the opportunity to combat disease while also providing strength and resilience against the treatment's side effects, fueling demand development. Other factors driving the growth of the oncology nutrition market include rising demand for oncology nutrition products in-home care settings, and rising demand for enteral nutrition products, which is expected to drive the market even further.


Cancer is the world's second leading cause of death, according to the World Health Organization (WHO). According to #WHO statistics, approximately 25% of cancer patients die as a result of malnourishment as a result of illness or anti-cancer therapy. It went on to say that an estimated 9.6 million deaths, or one in every six, were caused by cancer in 2018 and that cancer rates could rise by 50 percent to 15 million by 2020.


The global oncology nutrition market in North America dominates the market, owing primarily to the region's rising cancer prevalence. For example, according to the National Cancer Institute of the National Institute of Health (NIH), an estimated 1.8 million new cases of cancer are expected to be diagnosed in the United States in 2020, with 606,520 of them likely to die.


Furthermore, according to the NIH, the annual incidence rate of new cases is approximately 442.4 cases per 100,000 men and women, and the annual mortality rate is approximately 158.3 deaths per 100,000 men and women. As a result of the rising risks and incidence of cancer in the region, the market for cancer nutrition is in high demand.


Furthermore, key players in this region are now focusing on strategies such as product innovation, mergers, and acquisitions to strengthen their market position. For example, in 2017, Celgene Corporation, a biotechnology company based in the United States, partnered with Savor Health. Savor Health is involved in providing expert dietary solutions to cancer patients.


Key Players-

>FMC Corporation,

>Abbott,

>B. Braun Melsungen AG,

>Victus, Inc.,

>Fresenius Kabi AG,

>Global Health Products, Inc.,

>Nestle


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