Parenteral Nutrition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Parenteral Nutrition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : February, 2023 | Pharmaceutical

Report Digest

Parenteral Nutrition Market – Snapshot

The parenteral nutrition market is anticipated to expand at a CAGR of 6.0% in the forthcoming years from 2020 to 2030. The growth impetuses in the parenteral nutrition market are owing to the rising count of development of the technically advanced products.

Furthermore, the consumers are giving preference to parenteral nutrition instead of eternal nutrition for patients with coronavirus. These factors are estimated to work as revenue generators in the parenteral nutrition market.

Reduced risk of infection, as well as shorter hospital stays, have been expected to bolster revenue generation opportunities in the parenteral nutrition market in the years to come. The products from the parenteral nutrition market are used on a priority basis due to their ability to optimize resources. The benefits of these products include overcoming different challenges during the pandemic, for instance, shortage of the products owing to disruption in the supply chain.

At the present time, there has been a noteworthy increase in the count of chronic diseases, for instance, malnutrition and cancer. Along with this, the rising geriatric population has also been estimated to serve as a revenue generator in the parenteral nutrition market in the upcoming years. Furthermore, high natality incidence has also been projected to stimulate demand opportunities in the parenteral nutrition market.

Parenteral Nutrition Market – Overview

The parenteral nutrition market has been projected to expand significantly in the upcoming years. These rapid growth opportunities in the market are due to the increasing development of technically advanced parenteral nutrition products along with barcode assistance. Further, increasing preference for parenteral nutrition compared to enteral nutrition in the patients with COVID-19 infection, reduced risk for the infection, and shorter hospital stays are predicted to drive market growth in the following years.

On the flip side, the shortage of parenteral nutrition products amongst COVID-19 pandemic because of the disrupted supply chain has been estimated to restrict the growth opportunities in the global market throughout the forecast period.

parenteral nutrition market

Parenteral Nutrition Market – Key Drivers

The growing prevalence of chronic diseases, especially malnutrition and cancer has been projected to drive the growth avenues in the global market in the forthcoming years. Furthermore, rising natality incidence and geriatric population are also serving as impact-rendering factors to bolster growth impetuses in the market. There are numerous benefits that are related to parenteral nutrition. Some of these benefits include preserving muscle catabolism, providing efficient nutrients, stimulating stomach blood flow, and easy usage. Furthermore, there has been a noteworthy increase in educational campaigns in order to increase awareness about healthcare and nutritional food products. So, the rising awareness related to these benefits is predicted to drive growth impetuses in the global market in the upcoming years.

Various premature babies commonly suffer from undeveloped immunity and low weight that further put them at risk. Along with this, healthcare authorities and individuals are concentrating to limit the mortality rate because of early birth. This factor further drives the application of parenteral lipid emulsions. Moreover, the growing count of hospitalizations for the coronavirus has resulted in increasing product adoption. So, owing to these factors, the parenteral nutrition market is likely to grow rapidly.

Parenteral Nutrition Market – Recent Developments and Key Players

The parenteral nutrition market has been characterized owing to the presence of numerous players at local as well as international levels. The market is fragmented in nature. In addition to this, the players concentrate on the growth strategies for the achievement of their set goals and objectives. Increasing penetration of these players in the global market along with rising consumer awareness of the brand is also serving as a vital factor to generate lucrative avenues in the market. Furthermore, mergers or tie-up, increased count of the R & D activities for the enhancement of the company’s existing portfolio, launching of new products, and product portfolio expansion are some other initiatives that are taken by the global players in developing as well as developed nations around the world.

For instance, Fresenius Kabi has completed the clinical trial for their new launch named SmofKabiven in January 2020. It is about a range of lipid emulsions and is made of numerous oils (medium-chain triglycerides, olive oils, soybean, and fish) with a chamber for lipids, glucose, and amino acids.

Some of the key players in the parenteral nutrition market are:

  • Baxter
  • Pfizer Inc.
  • Allergan
  • Fresenius Kabi AG
  • Actavis Inc.
  • Otsuka Pharmaceutical Factory, Inc.
  • B. Braun Melsungen AG
  • Vifor Pharma
  • Grifols, S.A.

Parenteral Nutrition Market – Regional Assessment

The parenteral nutrition market has been segmented into core four regions including Asia Pacific, North America, the Middle East & Africa, Latin America, and Europe based on geographical areas. Out of these prominent regions, North America is predicted to hold a significant share of the market revenue. The growth avenues in the regional market are owing to increased expenditure by government agencies & private entities in the healthcare vertical. Further, collaborations among universities, regulatory authorities, the medical device industry, and others are also driving the market growth. Rising cases of chronic diseases and advanced healthcare facilities are also driving the market growth.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?

Frequently Asked Questions

A growing prevalence of chronic diseases and rising geriatric population are anticipated to fuel growth impetuses in the parenteral nutrition market.
North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa
Development of the technically advanced products is likely to create novel growth opportunities in the parenteral nutrition market.
Increasing consumer preference to parenteral nutrition instead of eternal nutrition for patients with coronavirus is predicted to attract trends in the parenteral nutrition market.
The rising cases of hospital-acquired-malnutrition and increasing requirement for PN (parenteral nutrition) in order to deliver key minerals, amino acids, carbohydrates, and electrolytes to match patients’ needs for nutrition are likely to impact adoption of solutions from the parenteral nutrition market.
In the post COVID-19 time, R & D activities, for example, clinical trials that are related to PN is likely to increase growth avenues in the parenteral nutrition market.
Lack of awareness about industry solutions is projected to restrict growth impetuses in the parenteral nutrition market.