In 2023, the market was valued at USD 7.18 billion, and it is expected to grow at a CAGR of 6.0% from 2024 to 2030, reaching nearly USD 10.80 billion by 2030.
Market Scope
Parenteral nutrition is mainly administered to patients who require total nutritional support due to conditions such as short bowel syndrome, gastrointestinal fistulas, and severe pancreatitis. The growth of the market is driven by an increasing elderly population, rising chronic diseases, and growing awareness of malnutrition prevention.
The market’s scope includes various nutrition types, such as carbohydrates, parenteral lipid emulsions, amino acids, vitamins, and minerals, all of which are crucial for ensuring proper nourishment. Furthermore, segments are based on end-users like children, newborns, and adults, with hospitals and clinics being the primary settings for PN administration.
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Parenteral-Nutrition-Market/350
Market Drivers
- Aging Population: The increasing number of elderly individuals who often require parenteral nutrition due to age-related conditions is a major driver for market growth.
- Chronic Diseases: The growing incidence of chronic illnesses, including cancer and gastrointestinal disorders, necessitates nutritional support through parenteral feeding.
- Preterm Births: Premature infants, particularly in emerging economies, require intravenous nutrition for survival, thereby increasing the demand for PN.
- Home-based PN: The convenience of receiving PN at home is becoming increasingly popular, supporting growth in this sector.
- Government Initiatives: Various governments and non-governmental organizations are focusing on promoting awareness about nutrition, which is expected to foster market growth.
Market Trends
- Technological Advancements: Innovation in parenteral nutrition systems and formulations is enhancing the precision of nutrient delivery, improving patient outcomes, and ensuring safety.
- Increased R&D: There has been a significant increase in research and development efforts, especially during the COVID-19 pandemic, to improve the efficacy of PN systems and expand their applications.
- Home Care Solutions: With a growing preference for home-based treatments, more companies are developing convenient, portable PN solutions for home use.
- Personalized Nutrition: Tailored nutrition therapies are becoming more common, allowing for better treatment outcomes by addressing individual patient needs.
Segmentation
- By Nutrition Type
- Carbohydrates
- Parenteral Lipid Emulsion
- Single Dose Amino Acid Solution
- Trace Elements
- Vitamins & Minerals
- By End-Use
- Children and Newborns
- Adults
- By Consumer Type
- Hospital
- Clinic
- Other Healthcare Settings
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Parenteral-Nutrition-Market/350
Regional Analysis
- North America: Dominates the global market due to high healthcare expenditures, advanced research infrastructure, and increasing demand for parenteral nutrition solutions in intensive care settings. The U.S. is the major contributor to the region’s market share.
- Asia Pacific: Expected to witness the highest growth rate due to rapid economic development, increasing healthcare investments, and government initiatives aimed at improving healthcare infrastructure in countries like China, India, and Japan.
- Europe: Shows steady growth, with countries such as Germany, the UK, and France leading the market due to rising healthcare awareness and robust healthcare systems.
- Middle East and Africa: Faces challenges in terms of healthcare infrastructure but is expected to see growth due to increasing investments in healthcare and rising awareness about malnutrition.
Key Questions Answered
- What are the key drivers of the parenteral nutrition market?
- Increasing chronic disease prevalence, aging populations, and rising healthcare awareness are the key drivers.
- What is the expected market size by 2030?
- The market is expected to reach USD 10.80 billion by 2030, growing at a CAGR of 6.0%.
- What regions are seeing the most growth?
- Asia Pacific is expected to grow the fastest, followed by North America, which currently holds the largest market share.
- What are the main market challenges?
- Potential side effects of parenteral nutrition and lack of understanding regarding its administration could hinder growth.
Key Players
- Baxter
- Grifols, S.A.
- Allergan
- Otsuka Pharmaceutical Factory, Inc.
- B. Braun Melsungen AG
- Fresenius Kabi AG
- Vifor Pharma
- Sichuan Kelun Pharmaceutical Co., Ltd.
- Pfizer Inc.
- Titus Health Tech
- Radius Healthcare Private Limited
- A M Nutratech Private Limited
Conclusion
The Parenteral Nutrition Market is poised for significant growth as the demand for nutritional support in critically ill patients rises. The market’s expansion is supported by technological advancements, increased healthcare awareness, and government initiatives. With a rising focus on home-based solutions and personalized nutrition, the future of parenteral nutrition looks promising, particularly in the North American and Asia-Pacific regions.
For further insights and detailed analysis, please refer to the complete market report:https://www.stellarmr.com/report/Parenteral-Nutrition-Market/350
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
For More Information:
Ice Cream Market https://www.stellarmr.com/report/Ice-Cream-Market/1168
Luxury Car Market https://www.stellarmr.com/report/Luxury-Car-Market/1182
Luxury Hotel Market https://www.stellarmr.com/report/Luxury-Hotel-Market/1183
Phosphonate Market https://www.stellarmr.com/report/Phosphonate-Market/1184
Organic Chemicals Market https://www.stellarmr.com/report/Organic-Chemicals-Market/1185
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
