Parenteral Nutrition Market Overview
Stellar Market Research, an Parenteral Nutrition business research firm has published a report on the “Parenteral Nutrition Market”. As per the “Parenteral Nutrition report,” the total market for Parenteral Nutrition was US$ 7.18 Bn. in 2023 and is expected to reach US$ 10.80 Bn. by 2030.
Parenteral nutrition involves the intravenous delivery of essential nutrients such as carbohydrates, proteins, fats, electrolytes, and trace elements. This form of nutrition is critical for maintaining energy, hydration, and overall strength in patients, especially those who cannot absorb or consume food orally. It is also referred to as total parenteral nutrition when used to fully meet the patient’s nutritional needs intravenously. This method helps prevent or manage malnutrition in patients unable to ingest food normally.
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Market Forecast and Key Dynamics:
The market outlook up to 2030 is based on actual production and supply-demand data, factoring in the effects of the global lockdown during 2020 and 2021. Market forecasting is built on historical data from 2016 to 2019, accounting for the post-pandemic recovery and the current demand trajectory. A key growth driver for parenteral nutrition is the rising elderly population, which often requires supplemental nutrients to maintain health and vitality. Additionally, the increasing prevalence of chronic diseases like cancer, which often leads to reduced energy levels and appetite, is driving demand for intravenous nutrition. The adoption of parenteral nutrition is also on the rise due to the growing number of preterm births and the lack of essential nutrients in newborns, particularly in developing regions like Asia-Pacific and Africa. Various government and non-government initiatives aimed at raising awareness about nutritional health are also expected to spur market growth.
Parenteral Nutrition Market Regional Insights
North America is expected to lead the global parenteral nutrition market through 2030 due to substantial investments in healthcare research and development, collaborations between regulatory bodies and medical device companies, and strong government support. The region’s robust healthcare infrastructure further supports market expansion.
The Asia-Pacific region is projected to experience rapid growth at a high CAGR during the forecast period, driven by favorable government policies focused on improving healthcare infrastructure and implementing reimbursement programs. The growing economies of countries like China, India, and Japan, along with increasing government initiatives, are fostering growth in the region’s parenteral nutrition market.
Parenteral Nutrition Market Segmentation
The market is segmented by nutrition type into categories such as Carbohydrates, Parenteral Lipid Emulsion, Single Dose Amino Acid Solution, Trace Elements, and Vitamins & Minerals. The Single Dose Amino Acid Solution segment is expected to dominate the market by 2030, driven by increasing awareness of health and fitness and the rising incidence of chronic diseases. Effective monitoring of parenteral nutrition, including vital signs, fluid balance, and blood chemistry, is essential to prevent complications and ensure proper nutrient administration.
By end-use, the market is divided into Children and Newborns, and Adults. The adult segment is anticipated to grow at a significant CAGR through 2030 due to the use of parenteral nutrition in adults with gastrointestinal dysfunction or conditions requiring bowel rest, such as ulcerative colitis or short bowel syndrome. Malnutrition in critically ill patients is another key driver, as it is common in those experiencing acute or chronic illness, trauma, or drug-induced side effects. Nutritional needs must be tailored to the patient’s condition, considering factors like fluid restrictions and organ function.
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Parenteral Nutrition Market Key Players
Baxter
Grifols, S.A.
Allergan
Otsuka Pharmaceutical Factory, Inc.
Actavis Inc.
B. Braun Melsungen AG
Fresenius Kabi AG
Vifor Pharma
Sichuan Kelun Pharmaceutical Co., Ltd.
Pfizer Inc. (Hospira Inc.)
Titus Health Tech
Health Biologics
Radius Healthcare Private Limited
A M Nutratech Private Limited
Inlife Pharma Private Limited
Key questions answered in the Parenteral Nutrition Market are:
- What is Parenteral Nutrition?
- What was the Parenteral Nutrition market size in 2023?
- What is the growth rate of the Parenteral Nutrition Market?
- Which are the factors expected to drive the Parenteral Nutrition market growth?
- What are the different segments of the Parenteral Nutrition Market?
- What growth strategies are the players considering to increase their presence in Parenteral Nutrition?
- What are the upcoming industry applications and trends for the Parenteral Nutrition Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Parenteral Nutrition Market?
- What segments are covered in the Parenteral Nutrition Market?
- Who are the leading companies and what are their portfolios in Parenteral Nutrition Market?
- What segments are covered in the Parenteral Nutrition Market?
- Who are the key players in the Parenteral Nutrition market?
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Parenteral-Nutrition-Market/350
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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