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The parenteral nutrition market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 7%, as per The Business Research Company’s market report!

Read More On The Parenteral Nutrition Market Report 2022 – https://www.thebusinessresearchcompany.com/report/parenteral-nutrition-global-market-report

The Parenteral Nutrition Market Size In 2022 And Forecast

The global parenteral nutrition market is expected to grow from $5.85 billion in 2021 to $6.26 billion in 2022 at a compound annual growth rate (CAGR) of 7.02%. The global parenteral nutrition market size is expected to grow to $7.99 billion in 2026 at a compound annual growth rate (CAGR) of 6.28%.

The parenteral nutrition market consists of sales of parenteral nutrition by entities (organizations, sole traders, and partnerships) that refer to intravenous nutritional products used to tailor medical treatment to each person or a group of people who need medical nutrition to manage disease-related malnutrition conditions.

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Increase In Prevalence Of Malnutrition Across Globally Is Driving The Growth Of The Parenteral Nutrition Market

For instance, in 2019, the United Nations Food and Agriculture Organization (FAO) reported that nearly 690 million people, or 8.9% of the global population, were undernourished. FAO also estimated an increase in the number of undernourished people due to the COVID-19 pandemic by another 83 to 132 million in 2020. Hence, the growing prevalence of malnutrition across the globe is expected to boost demand for parenteral nutrition during the forecast period.

Competitive Landscape And The Regional Analysis Of The Parenteral Nutrition Market

Major players in the parenteral nutrition market are Baxter International, Vifor Pharma, Grifols SA, Otsuka Pharmaceutical Co Ltd, Fresenius Kabi, B. Braun Melsungen AG, Pfizer Inc., Sichuan Kelun Pharmaceutical Co Ltd, Claris Lifesciences Limited, SGD Pharma, ICU Medical, and Soleo Health.

Additionally, as per TBRC’s research – North America was the largest region in the parenteral nutrition market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Parenteral Nutrition Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the parenteral nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the parenteral nutrition market.

Strategic Partnership – A Key Trend In The Parenteral Nutrition Market

Key healthcare players, associations, and researchers are focusing on entering into strategic partnerships to research, develop, launch, or create awareness of the use of parenteral nutrition containing new ingredients such as omega-3 fatty acids. These partnerships help to educate health care professionals and companies to develop and market their products, thus strengthening their market position.

Parenteral Nutrition Market Segmentation By The Business Research Company

1) By Composition: Amino Acids, Fats, Carbohydrates, Trace Elements, Vitamins, Minerals, Others

2) By Consumer Type: Children and New-born, Adults

3) By End-User: Hospitals, Clinics, Homecare, Others

Here Are Some Reports Related To The Parenteral Nutrition Market –

Clinical Nutrition Global Market Report 2022

Nutritional Analysis Global Market Report 2022

Nutritional Feed Additives Global Market Report 2022

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