Oral Cachexia Nutrition Supplementation Market Industry Analysis, Size, Growth, Trends and Demand 2027
Cachexia is a wasting syndrome characterized by weight loss. Cachexia is associated with chronic inflammatory conditions and cancer. It is a multifactorial syndrome characterized by loss of body weight, anorexia, anemia, and asthenia. It is more prevalent in patients with tumors of the lung, pancreas, and upper gastrointestinal tract as well as oral cancer patients. According to statistics, incidence of cachexia is high in developed regions such as North America, Europe, and Japan. Nearly 9 million individuals are affected by cachexia across the world. In the U.S., approximately 5 million individuals are affected by cachexia. The prevalence rate of cachexia varies from 5% to 15% in end-stage chronic heart failure to 50% to 80% in progressive cancer. The average mortality rate of cachexia for chronic obstructive pulmonary disease (COPD) is nearly 10% to 15%; 20% to 30% in individuals with chronic heart failure and chronic kidney disease, and approximately 80% in cancer patients.
The global oral cachexia nutrition supplementation market is driven by increase in incidence of chronic diseases such as cancer, chronic obstructive pulmonary disease, and tuberculosis among individuals, rise in health care expenditure in developing and developed countries, surge in awareness about nutritional supplements, and rise in product approvals. However; limited availability of products in certain parts of the globe, high cost, and risk of side effects if not administered adequately act as major restraints of the global market.
The global oral cachexia nutrition supplementation market can be segmented based on dosage form, indication, distribution channel, and region. In terms of dosage form, the market can be bifurcated into powder and liquid. Based on indication, the global oral cachexia nutrition supplementation market can be divided into chronic obstructive pulmonary disease (COPD), cancer, tuberculosis, AIDS, and others. In terms of distribution channel, the market can be categorized into hospital pharmacies, retail pharmacies, and online pharmacies.
The global oral cachexia nutrition supplementation market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are projected to dominate the global market in terms of share during the forecast period. This is attributed to increase in incidence of chronic diseases, rise in health care expenditure, presence of major manufacturers, and surge in demand. Asia Pacific is anticipated to present lucrative opportunities in the oral cachexia nutrition supplementation market owing to increase in patient population, rise in awareness about nutritional supplements, surge in mergers & acquisitions, and improving health care infrastructure in developing countries. The market in Latin America and Middle East & Africa is expected to be driven by increase in spending capabilities, rise in investment in health care, favorable government support programs for spreading awareness, and adoption of expansion strategies by manufacturers in these regions through strategic collaborations with regional and local manufacturers & distributors to increase product availability.
Major players operating in the global oral cachexia nutrition supplementation market include Abbott Laboratories, Danone Nutricia, Nestle, Prodiet Clinical Nutrition, Mead Johnson & Company, LLC, and Other Prominent Players.
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