Parenteral Nutrition Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Parenteral nutrition is also termed as intravenous feeding, is a procedure of getting nutrition into the body via veins. Based on the vein used, a method is also termed as peripheral parenteral nutrition (PPN) or total parenteral nutrition (TPN).
The
factors that are playing a major role in the growth of parenteral nutrition
market are growing natality rate, the growing complications during labor,
increasing cases of malnutrition’s mainly in developing countries, and the
rising preterm births. Parenteral nutrition industry is segmented based on the
type of nutrient and region.
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Vitamins
and minerals, carbohydrates, trace elements, parenteral lipid emulsion, single
dose amino acid solution, and other nutrient types could be explored in
parenteral nutrition market in the forecast period. Single dose amino acid
solution sector accounted for the substantial share of parenteral nutrition
market and is estimated to lead the overall market in the years to come. The
reason could be the arrival of regulatory approved solutions and the rising use
of amino acid solutions. Also, parental lipid emulsion sector is estimated to
grow at the fastest pace in the years to come.
Globally,
North America accounted for the substantial market share of parenteral
nutrition and is estimated to lead the overall market in the years to come. The
reason behind the overall market growth could be the availability of funding
for research by government and private organizations, alliances among
universities, medical device industry, and regulatory authorities, and the
availability of technologically enhanced medical devices.
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Also,
the rising occurrence of chronic diseases, advanced healthcare facilities, and
the availability of favorable compensation policies are the factors that may
boost the overall market in this region. The United States is a major consumer
of parenteral nutrition in this region.
Europe
and the Asia Pacific are also estimated to have a positive influence on future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The developing countries like India and China are the major consumers
of parenteral nutrition in this region.
The
key players of parenteral nutrition industry are Aculife Healthcare, B. Braun
Melsungen AG, Vifor Pharma, Fresenius Kabi AG, Sichuan Kelun Pharmaceutical
Co., Ltd., Allergan plc, Baxter International, Inc., Grifols, S.A., Otsuka
Pharmaceutical Factory Inc., and Hospira. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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