The Oncology Oral Nutritional Supplements Market is expected to grow from USD 1.26 billion in 2022 to USD 2.97 billion in 2032, with a CAGR of 10% during the forecast period. The increasing incidence of cancer worldwide, especially in developing countries, is driving the growth of the Oncology Oral Nutritional Supplements market. By 2030, the World Health Organization (WHO) predicts that cancer incidence rates will increase by 50% globally. The demand for Oncology Oral Nutritional Supplements products, such as dietary supplements, functional foods, and medical foods, is increasing due to the rise in cancer prevalence, and to support cancer treatment and care.
The demand for Oncology Oral Nutritional Supplements products is increasing due to the rising awareness and importance of cancer treatment and management. Patients, survivors, and caregivers are now more informed about the advantages of maintaining a healthy diet before and after cancer treatment. As a result, the need for Oncology Oral Nutritional Supplements is growing as they can aid patients in managing the side effects of cancer therapies, such as fatigue, nausea, and loss of appetite.
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Patients are also increasingly looking for organic, natural, and additive-free Oncology Oral Nutritional Supplements products. There is a rising need for individualized nutrition regimens that are tailored to each patient's specific requirements based on their type of cancer, treatment regimen, and overall health status.
However, the Oncology Oral Nutritional Supplements market faces several challenges that are expected to restrain market revenue growth during the forecast period. One such challenge is the high cost of oncology feeding products, which can limit access for low-income patients. The lack of awareness about the benefits of Oncology Oral Nutritional Supplements products among patients and healthcare professionals is another potential obstacle to market revenue growth.
Cancer is the second leading cause of death worldwide, with 9.6 million deaths in 2018, and this number is expected to rise to 13 million by 2030. According to the American Institute for Cancer Research (AICR), a healthy diet and lifestyle are essential for cancer prevention, treatment, and recovery. AICR estimates that 30-40% of all cancers can be prevented through a healthy diet and lifestyle.
The Oncology Oral Nutritional Supplements market is divided into three product categories: oral nutritional supplements, enteral nutrition, and others. Oral nutritional supplements had the highest revenue share in the market due to their accessibility, availability, and patient compliance. Enteral nutrition products, which are delivered through a tube implanted in the digestive tract, are expected to experience the fastest revenue growth during the forecast period, driven by the rise in gastrointestinal cancer cases and surgical procedures that require enteral feeding.
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The Oncology Oral Nutritional Supplements market is also divided into different cancer types, such as breast cancer, lung cancer, colorectal cancer, and others. Breast cancer had the largest revenue share in the market due to its high incidence rate and the growing importance of nutrition in managing breast cancer treatment. Lung cancer is expected to experience the fastest revenue growth due to the rising global incidence of lung cancer, especially in developing countries.
Government regulations play a vital role in regulating the safety and labeling of Oncology Oral Nutritional Supplements products. The U.S. Food and Drug Administration (FDA), National Institutes of Health (NIH), European Commission, U.K. Medicines and Healthcare Products Regulatory Agency (MHRA), and Canadian Food and Drugs Act all have regulations in place to govern the safety, quality, and efficacy of Oncology Oral Nutritional Supplements products sold in their respective countries.
In conclusion, the Oncology Oral Nutritional Supplements market is expected to experience significant growth in the coming years due to the rising incidence of cancer worldwide, growing awareness of the importance of nutrition in cancer treatment and management, and increasing demand for organic, natural, and additive-free products. However, challenges such as the high cost of oncology feeding products and lack of awareness about the benefits of Oncology Oral Nutritional Supplements products could hinder market revenue growth.
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