Parenteral Nutrition Market is geared to grow at a CAGR of 5.9% from 2023 to 2032, owing to increasing rate of pre-mature birth & birth rate | insightSLICE
The global Parenteral Nutrition market size was estimated to be US$ 6.3 billion in 2021 and is expected grow at a CAGR of 5.9% between 2023 to 2032.
The primary reasons propelling the expansion of the parenteral nutrition market globally include an increase in the number of patients with cancer, Crohn’s disease, and HIV, as well as an increase in preterm births, a high natality rate, and a rise in the percentage of children suffering from malnutrition.
The administration of important vitamins, minerals, and fats to patients unable to consume nutrient-rich foods through oral or enteral routes is made possible through parenteral nutrition.
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The key players of the Global Parenteral Nutrition Market are:
A few of the major companies operating in the global parenteral nutrition market are B. Braun Melsungen AG, Fresenius Kabi AG, Otsuka Pharmaceutical Factory, Inc., Vifor Pharma Management Ltd., Allergan plc., Baxter International, Inc., Grifols, S.A., Pfizer Inc., Sichuan Kelun Pharmaceutical Co., Ltd., and others.
Factors promoting growth of the parenteral nutrition market:
The world demand for parenteral nutrition management has been significantly influenced by the rising number of cancer patients globally. Patients who are undergoing cancer treatment have the side effects of heavy medicine, which makes them weak and dependent on parenteral feeding to supply them with vital nutrients.
Parenteral feeding is being used throughout the crucial postpartum period due to high natality rates and an increase in preterm births.
Furthermore, parenteral nutrition is becoming more and more popular all over the world as a result of the rising prevalence of malnutrition. During the projected period, this is likely to fuel market expansion for parenteral nutrition worldwide.
What is presented in our report for the parenteral nutrition market?
The Parenteral Nutrition Market report for the years 2022 to 2032 will cover topics like global market share, trends, and forecasts. In this report, the years up to 2020 as historic records, the year 2021 serves as the base year and the years from 2022 to 2032 are the forecast period, respectively.
Our research takes into account the competition environment, and the report will include an analysis of the major companies in the worldwide myasthenia gravis therapy market as well as their market forecasts.
In addition, the report will provide information on important advancements, worldwide and regional sales networks, business strategies, research and development initiatives, staff strength, and key executives for all significant Parenteral Nutrition companies.
Featuring every functioning business category, the report for Parenteral Nutrition Market provides an in-depth analysis of significant companies holding the majority share of the worldwide market and would identify the firm segment concentrating on parenteral nutrition.
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Additionally, the market shares of well-known businesses operating in the worldwide nutritional support industry would be calculated. For instance, Pfizer Inc. recorded revenues of USD 51,750 million in 2019.
According to the company’s product segment analysis, the Biopharma business sector accounted for the majority of the company’s revenue in 2019, with the United States being the main source of that income.
They conduct their operations via three divisions called Biopharma, Upjohn, and Consumer Healthcare. Parenteral nutrition is provided by the Upjohn business division of the corporation, which contributed US$10,233 million in sales.
Important competitive data, including corporate strategies, product offerings, major development events, SWOT analysis, and research initiatives of all parenteral nutrition firms are taken into account in the study.
The players involved in the market’s distribution network and market dynamics, as well as their contributions, will also be taken into account in the global parenteral nutrition market report. All of the commodities in the parenteral nutrition business sector would be the main focus of the product portfolio segment of our report.
Similar to this, the recent developments section would concentrate on the most recent corporate developments, including regional growth, mergers and acquisitions, the launch of new products, and strategic alliances and partnerships in the global parenteral nutrition industry.
Global Parenteral Nutrition Market Key Segments:
By Nutrient Type
- Parenteral Lipid Emulsion
- Single Dose Amino Acid Solution
- Trace Elements
- Vitamins & Minerals
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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Regional performance of Parenteral Nutrition Market
As of 2019, the North American region made up the greatest portion of the worldwide parenteral nutrition market, and it is expected to continue to hold a dominant position during the forecast period.
The main drivers of the North American parenteral nutrition market are the rise in the number of cancer patients, the number of preterm births, and the development of innovative products. The requirement for parenteral nutrition in the country is also anticipated to be impacted by the FDA’s growing approval of innovative parenteral nutrition products.
The parenteral nutrition market in the Asia Pacific is predicted to develop at the highest rate during the projected period, and it is estimated to contribute a sizeable portion of the worldwide market.
Parenteral nutrition market expansion is anticipated to be fueled by the region’s growing senior population, rising cancer incidence, high natality rate, and rising number of preterm births.
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