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).
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The key driving factors responsible for the growth of Parenteral Nutrition market :
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.
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.
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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Global 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.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/parenteral-nutrition-market/request-sampleVitamins 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.
Transparency Market Research (TMR) has published a new report titled, ‘Parenteral Nutrition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global parenteral nutrition market was valued at around US$ 5.6 Bn in 2018 and is projected to grow at a CAGR of 4.6% from 2019 to 2027.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=3611OverviewParenteral nutrition is a method of feeding a person intravenously.
It is primarily referred to patients who are malnourished or at risk of malnutrition and have a non-functioning gastrointestinal (GI) tract.
Carbohydrates, vitamins, fats, and minerals such as calcium represent the constituents of parenteral nutrition.Parenteral nutrition is indicated for patients who cannot intake adequate nutrition orally or enterally, or who have compromised GI track.Administration of parenteral nutrition could become imperative in cases of gastrointestinal diseases, fatal burns, AIDS, and cancer.Parenteral nutrition products include a range of macronutrients such as carbohydrates, amino acids and lipid emulsions, and micronutrients such as vitamins, trace elements, and minerals.Rise in incidence and prevalence of chronic diseases across the world is the major factor to drive the global market.North America dominated the global parenteral nutrition market in2018 and anticipated to dominate during the forecast period.
Growing U.S. FDA approvals for the parenteral nutrition is one of the major factors to drive the market in this region.Request COVID Analysis on Parenteral Nutrition Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=3611Rise in prevalence of chronic diseases to Drive MarketHigher incidence & prevalence of chronic diseases across the world is the major driver for the growth of global parenteral nutrition market.For instance, according to WHO, 2,378,785 new cancer cases were seen in North America in 2018.
This malnutrition is mainly seen due to poor dietary habits in developed countries & high poverty rate in developing regions and parenteral nutrition is considered as an essential treatment therapy to provide adequate nutrition support to malnourished patents.Development of novel parenteral nutrition drugs and rising R activities for pipeline products are some of the major factors attributed for the growth of global parenteral nutrition market.Request Customization on Parenteral Nutrition Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=3611Single dose amino acid solutions Segment to Dominate MarketBased on type, the global parenteral nutrition market has been segmented into carbohydrates, parenteral lipid emulsions, single dose amino acid solutions, trace elements, electrolytes, & minerals, and vitaminsSingle dose amino acid solutions is accounted for major market share in 2018and is expected to dominate throughout the forecast period.Single dose amino acid solutions segment is growing with a significant CAGR during the forecast period owing to abundant availability of these products and new unique amino acid-based parenteral formulation by major companies.North America to Dominate Global MarketIn terms of region, the global parenteral nutrition market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.North America accounted for major share of the global parenteral nutrition market in 2018due to higher prevalence of chronic diseases, growing U.S. FDA approval for novel parenteral nutrition compounds, and higher research & development funding for new product development.For instance, the American Heart Association estimated that 5 millionadults in the U.S. had cardiovascular diseases between 2013 and 2016.The parenteral nutrition market in Asia Pacific is anticipated to expand at a high CAGR from 2019to This can be ascribed to growing aging population which is more prone to chronic disease, rising awareness for parenteral nutrition, and improving healthcare infrastructure in the region.Buy Parenteral Nutrition Market Report – https://www.transparencymarketresearch.com/checkout.php?rep_id=3611=SCompetitive LandscapeThe global parenteral nutrition market is consolidated as few players hold majo0r market share in global market.
