Parenteral Nutrition Market Size, Share, Growth, Trends, Consumption, Production, Revenue and Forecast 2022 - 2030

In 2021, the global parenteral nutrition market size was valued at around US$ 6.38 Bn and expected to reach US$ 9.82 billion by 2030 with a CAGR of 4.9% from 2022 to 2030.

The rising incidence of chronic diseases and growing approvals to novel parenteral nutrition components are projected to drive the global parenteral nutrition market during the forecast period.

Overview

• Parenteral nutrition is a method of feeding a person intravenously. It is primarily referred to patients who are malnourished or at risk of malnutrition and have a non-functioning gastrointestinal (GI) tract. Carbohydrates, vitamins, fats, and minerals such as calcium represent the constituents of parenteral nutrition.
• Parenteral nutrition is indicated for patients who cannot intake adequate nutrition orally or enterally, or who have compromised GI track.
• Administration of parenteral nutrition could become imperative in cases of gastrointestinal diseases, fatal burns, AIDS, and cancer.
• Parenteral nutrition products include a range of macronutrients such as carbohydrates, amino acids and lipid emulsions, and micronutrients such as vitamins, trace elements, and minerals.
• Rise in incidence and prevalence of chronic diseases across the world is the major factor to drive the global market.
• North America dominated the global parenteral nutrition market in 2018 and anticipated to dominate during the forecast period. Growing U.S. FDA approvals for the parenteral nutrition is one of the major factors to drive the market in this region.

Rise in prevalence of chronic diseases to Drive Market

• Higher incidence & prevalence of chronic diseases across the world is the major driver for the growth of global parenteral nutrition market.
• For instance, according to WHO, 2,378,785 new cancer cases were seen in North America in 2018. Also as per Globocan 2018, 5-year prevalence for all type of cancer in Europe was found to be 12,132,287 which is second only after Asia Pacific region.
• Moreover rising incidence of malnutrition is also fuelling the growth of global parenteral nutrition market. This malnutrition is mainly seen due to poor dietary habits in developed countries & high poverty rate in developing regions and parenteral nutrition is considered as an essential treatment therapy to provide adequate nutrition support to malnourished patents.
• Development of novel parenteral nutrition drugs and rising R&D activities for pipeline products are some of the major factors attributed for the growth of global parenteral nutrition market.

Single dose amino acid solutions Segment to Dominate Market

• Based on type, the global parenteral nutrition market has been segmented into carbohydrates, parenteral lipid emulsions, single dose amino acid solutions, trace elements, electrolytes, & minerals, and vitamins
• Single dose amino acid solutions is accounted for major market share in 2018 and is expected to dominate throughout the forecast period.
• Single dose amino acid solutions segment is growing with a significant CAGR during the forecast period owing to abundant availability of these products and new unique amino acid-based parenteral formulation by major companies.

North America to Dominate Global Market

• In terms of region, the global parenteral nutrition market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
• North America accounted for major share of the global parenteral nutrition market in 2018 due to higher prevalence of chronic diseases, growing U.S. FDA approval for novel parenteral nutrition compounds, and higher research & development funding for new product development.
• For instance, the American Heart Association estimated that 121.5 million adults in the U.S. had cardiovascular diseases between 2013 and 2016.
• The parenteral nutrition market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. This can be ascribed to growing aging population which is more prone to chronic disease, rising awareness for parenteral nutrition, and improving healthcare infrastructure in the region.

Competitive Landscape

• The global parenteral nutrition market is consolidated as few players hold majo0r market share in global market. Key players include Allergan plc., Pfizer Inc., B.Braun Melsungen AG, Fresenius Kabi AG, Grifols, S.A., Baxter International, Inc., Vifor Pharma Management Ltd.,and Sichuan Kelun Pharmaceutical Co., Ltd., among others

The global Parenteral Nutrition market has been segmented as follows:

By Type

• Carbohydrates
• Parenteral Lipid Emulsions
• Single Dose Amino Acid Solutions
• Trace elements, Electrolytes, & Minerals
• Vitamins

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific          
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

A new study on the global parenteral nutrition market has been published by Vision Research Reports. It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global parenteral nutrition market. The study offers valuable information about the global parenteral nutrition market to illustrate how the market would grow during the forecast period 2020-2027. The report provides the value and volume of the global parenteral nutrition market for the period 2020–2027, considering 2020 as the base year and 2027 as the forecast year. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study.

Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global parenteral nutrition market during the forecast period.

An extensive analysis on business strategies of leading market players is also featured in study on the global parenteral nutrition market. This can help readers understand principal factors to foresee growth in the global parenteral nutrition market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global market, which is expected to guide market players in making apt decisions in the future.

The report also delves into the competition landscape of the global parenteral nutrition market. Key players operating in the global market have been identified, and each one of these has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players profiled in the global market report.

Key Questions Answered in Parenteral nutrition Market Study

- What are the key factors influencing the parenteral nutrition market in each region?

- What will be the CAGR of the global parenteral nutrition market between 2016 and 2027?

- What is the future scope and changing trends in technologies in the global parenteral nutrition market?

- Which factors will impede the growth of the global parenteral nutrition market during the forecast period?

- Which are the leading companies in the global parenteral nutrition market?

- Which region is set to expand at the fastest CAGR during the forecast period?

- What is the volume (Units) of different parenteral nutrition across all regions during the forecast period?

- Which segment will have the highest revenue globally in 2027 and which segment will expand at the fastest CAGR during the forecast period?

Research Methodology

A unique research methodology has been utilized by Vision Research Reports to conduct a comprehensive research on the growth of the global parenteral nutrition market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global parenteral nutrition market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from parenteral nutrition industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making Vision Research Reports estimates on the future prospects of the global market more reliable and accurate.