Global Parenteral Nutrition Market Size 2024, Forecast To 2033
11 Mar, 2024
The parenteral nutrition market size has grown strongly in recent years, progressing from $6.48 billion in 2023 to $6.85 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to rising disposable income, urbanization, an increase in the obese population, and the popularity of noninvasive and minimally invasive aesthetic procedures. Moving forward to 2028, the market size is anticipated to reach $8.67 billion , reflecting a robust growth trajectory with a compound annual growth rate (CAGR) of 6.1%. The forecasted expansion is driven by factors such as an increasing elderly population, rapid urbanization, rising disposable income, and a surge in mergers and acquisitions. Major trends in the forecast period include product innovations, AI integration in aesthetics, focal radio frequency technology development, laser-assisted liposuction, and strategic partnerships and collaborations.
Global Parenteral Nutrition Market Key Driver
The increasing prevalence of malnutrition worldwide is a key driver behind the growth of the parenteral nutrition market. Malnutrition, characterized by deficiencies, excesses, or imbalances in energy or nutrient intake, particularly affects infants and children born prematurely. According to the World Health Organization's 2021 data, 1.9 billion adults globally were overweight or obese, while 462 million were underweight. Additionally, approximately 45% of deaths among children under 5 years of age are linked to undernutrition. The growing global prevalence of malnutrition is expected to fuel the demand for parenteral nutrition during the forecast period, with projected market sizes of 2023: [Insert 2023 market size], 2024: [Insert 2024 market size], and 2028: [Insert 2028 market size].
Get A Free Sample Of The Global Parenteral Nutrition Market ReportGlobal Parenteral Nutrition Market Segments
The parenteral nutrition market covered in this report is segmented –
1) By Composition: Amino Acids, Fats, Carbohydrates, Trace Elements, Vitamins, Minerals, Other Compositions
2) By Consumer Type: Children and New-born, Adults
3) By End-User: Hospitals, Clinics, Homecare, Other End Users
By Geography:The regions covered in the parenteral nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the parenteral nutrition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parenteral nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Parenteral Nutrition Industry Players
Baxter International Inc., Fresenius SE & Co. KGaA, Otsuka Pharmaceutical Factory Inc, B. Braun Melsungen AG, Sichuan Kelun Pharmaceutical Co. Ltd, American Regent Inc, JW Pharmaceutical, Grifols S.A., Amanta Healthcare, ICU Medical Inc., Hubei Provincial Bafeng Pharmaceuticals and Chemicals Share Co. Ltd., Allergan, Vifor Pharma, Pharmasyntez, Horatev, Soleo Health, Enteris BioPharma, Allena Pharmaceuticals, Abbvie, Johnson & Johnson, Sanofi, Biogen Inc., Farmoterápica, Pfizer Inc., Actavis Inc.
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Parenteral Nutrition Market Overview
Parenteral nutrition refers to injecting a certain type of food through a vein as described in medicine (intravenously). Malnutrition correction or prevention is the aim of the therapy. It denotes intravenous feeding (through a vein). Achieving balanced nutritional intake on time can help combat complications and plays a prominent role in a patient’s recovery.
Parenteral Nutrition Global Market Report 2023 provides data on the global parenteral nutrition market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The parenteral nutrition market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.