According to IMARC Group latest report titled “Parenteral Nutrition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on parenteral nutrition market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global parenteral nutrition market reached a value of US$ 6.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2027, exhibiting a CAGR of 6.77% during 2022-2027.
Parenteral nutrition (PN) refers to the intravenous nutrition administration primarily constituting liquid nutrients, such as protein, carbohydrate, vitamins, fat, minerals and electrolytes, and trace elements, to maintain the nutrition levels of children and infants. They are provided to individuals requiring special nutritional management and patients who are unable to eat or required to be tube-fed. Besides being an essential process in a patient’s recovery, these nutritional intakes can help combat several complications.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The market is primarily driven by the rising pre-mature birth rates across the globe. The demand for parenteral nutrition products is also stimulated by the rising prevalence of multiple chronic conditions, thereby leading to the increased product adoption. Some of the other factors, such as the growing incidences of metabolic disorders, technological advancements in PN products, and the shifting preference for parenteral nutrition over enteral nutrition, are further providing a boost to the market growth across the globe.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Aculife Healthcare Private Limited
- Braun Melsungen AG
- Baxter International Inc.
- Fresenius SE & Co. KGaA
- Grifols S.A.
- Otsuka Pharmaceutical Factory Inc.
- Pfizer Inc.
- Servona GmbH
Parenteral Nutrition Market Segmentation:
Our report has categorized the market based on region, nutrient type and end use.
Breakup by Nutrient Type:
- Lipid Emulsion
- Single Dose Amino Acid Solution
- Trace Elements
- Vitamins and Minerals
Breakup by End User:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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