The global parenteral nutrition market size was valued at USD 2,437.2 million in 2021 and is poised to grow at a significant CAGR of 7.4% during the forecast period 2022-28. A significant driver driving the global parenteral nutrition market is the increasing prevalence of chronic diseases throughout the world. In recent years, the prevalence of cancer, AIDS, diabetes, Crohn's disease, gastrointestinal diseases, and short bowel syndrome has fueled the use of parenteral nutrition. Furthermore, the rise in occurrences of malnutrition among the elderly is propelling the worldwide parenteral nutrition market forward. According to the National Resource Centre on Nutrition, Physical Activity, and Aging, around 1 million housebound older persons in North America are malnourished each year resulting in propelling the market growth.
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The global parenteral nutrition market segmentation:
1) By Type: Carbohydrates, Parenteral Lipid Emulsions, Amino Acid Solutions, Trace elements, Electrolytes, & Minerals Others
2) Dosage Form: Bags, Bottles, Others
3) Application: Adult, Paediatric
4) Disease: Cancer, Critical Care, Neurological Disorder, Gastrointestinal Diseases Others
Amino Acid Solution pressure segment is expected to account for a larger revenue share in the global parenteral nutrition market with a value share in the global market and is projected to grow at significant CAGR over 2022 and 2028. Essential and non-essential amino acids are provided by amino acids therefore the standard component serves as full parenteral nutrition for the overall biological function of the body which helps to retain energy and maintain hydration to the body.
Asia-Pacific is predicted to increase at the quickest rate in global parenteral nutrition market due to economic growth in countries such as India, Japan, and China, as well as supporting government efforts, attractive reimbursement policies, and the rise of the healthcare industry, are likely to drive the regional market. Furthermore, the rise in the incidence of chronic diseases increased understanding of the benefits of various nutritional types, and an increase in the use of parenteral nutrition are all factors to consider.
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The parenteral nutrition market key players are B. Braun Melsungen AG, Otsuka Pharmaceutical Factory Inc, Baxter International Inc, Allergan plc. (Actavis plc.), Grifols S.A., Pfizer Inc, Sichuan Kelun Pharmaceutical Co. Ltd, Claris Lifesciences Limited, Pfizer, Fresenius Kabi AG.
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