Parenteral Nutrition Market Analysis

Market Insights

The parenteral nutrition market size was valued at USD 6.05 billion in 2021 and is projected to reach USD 9.52 Billion by 2028, registering a CAGR of 6.70% during the forecast period.

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What is parenteral nutrition?

Parenteral nutrition is defined as the feeding of nutritional products through veins to patients who don't seem to be able to eat enough food to keep up the great nutritional requirement of the body and private growth. Nutrients include carbohydrates, minerals, fat, vitamins, and other trace elements. These nutrients are delivered either peripherally or centrally, through superior vena cava.

Market Dynamics

The parenteral nutrition market growth is driven by:

• Increasing prevalence of chronic diseases due to changing lifestyles and unhealthy eating habits.
• Expanding the geriatric populace across geographies.
• The presence of many malnourished children and a high natality rate.
• Rising demand for new product development is likely to create lucrative opportunities for the companies operating in the global market.

COVID-19 Impact

The outbreak of the COVID-19 virus has affected the growth of the healthcare industry significantly. Stringent lockdown measures and restricted movement of people affected the product supply. However, the demand for vitamins increased to boost immunity.

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Key Players

Key players operating in the global​ parenteral nutrition market are-

• Grifols International, S.A. (Spain)
• Otsuka Pharmaceutical Factory, Inc. (Japan)
• Baxter International Inc. (US)
• Hospira (US)
• B. Braun (Germany)
• Fresenius Kabi (Germany)
• Actavis Generics (US)
• Sichuan Kelun Pharmaceutical Co., Ltd (China).

Segment Analysis

Application Trends

The market has been bifurcated into premature infants, neonates and children, geriatrics, and chronic disease patients. The premature infants, neonates, and children segment accounted for the largest market share in 2021 and is projected to register significant growth during the forecast period.

Product Trends

The market has been bifurcated into Carbohydrates, Parenteral Lipid Emulsion, Single Dose Amino Acid Solution, Trace Elements, Vitamins, and Minerals. The Single Dose Amino Acid Solution segment accounted for the largest market share of more than 30% in 2021 and is projected to register significant growth during 2022-2028.

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Regional Analysis

North American market accounted for a revenue share of more than 40% in 2021 and is expected to grow at a substantial CAGR during the forecast period. The segment growth is primarily attributed to the presence of advanced healthcare facilities coupled with the increasing prevalence of chronic diseases. The market growth in the Asia-Pacific region is expected to be driven by growing healthcare expenditure and increasing incidences of fatalities due to malnutrition.

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Target Audience

Here is the list of the group of customers that the parenteral nutrition market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What deliverables will you get in this report?

Customization options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Technology portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].