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The parenteral nutrition market has been growing robustly and is poised for significant expansion in the coming years. This blog delves into the factors driving this growth, the key players, and the major trends shaping the market.

Recent Surge and Future Projections

• Current Market Size: The parenteral nutrition market grew from $6.48 billion in 2023 to $6.85 billion in 2024, with a compound annual growth rate (CAGR) of 5.8%.
• Future Growth: Expected to reach $8.67 billion by 2028, driven by a CAGR of 6.1%.

Factors Driving Growth

Rising Prevalence of Malnutrition Globally

• Global Malnutrition: Increasing malnutrition rates are significantly boosting the demand for parenteral nutrition.
  • Statistics: According to the World Health Organization, in 2021, 1.9 billion adults were overweight or obese, while 462 million were underweight.
  • Child Mortality: Around 45% of deaths among children under 5 years are linked to undernutrition.

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Increasing Elderly Population and Urbanization

• Aging Population: The growing elderly population requires more nutritional support.
• Urbanization: Rapid urbanization and rising disposable income contribute to market growth.

Mergers and Acquisitions

• Market Consolidation: Increase in mergers and acquisitions among major companies to expand market presence.

Major Trends in the Market

Product Innovations

• New Products: Introduction of innovative products such as four-oil lipid injectable emulsions.
  • Example: In March 2022, Fresenius Kabi received US FDA approval for SMOFlipid lipid injectable emulsion for pediatric parenteral nutrition.

Use of Advanced Technologies

• Artificial Intelligence: Growing use of AI in the development and management of nutrition solutions.
• Focal Radio Frequency Technology: Innovations in noninvasive technologies to enhance patient outcomes.

Strategic Collaborations and Partnerships

• Partnerships: Companies forming strategic alliances to enhance research and development capabilities.
  • Example: Wellspring Capital Management’s acquisition of Pentec Health Inc. to strengthen its position in the specialty infusion sector.

Key Players in the Market

• Leading Companies:
  • Baxter International Inc.
  • Fresenius SE & Co. KGaA
  • Otsuka Pharmaceutical Factory Inc.
  • Braun Melsungen AG
  • Sichuan Kelun Pharmaceutical Co. Ltd.
  • American Regent Inc.
  • JW Pharmaceutical
  • Grifols S.A.
  • Amanta Healthcare
  • ICU Medical Inc.
  • Sanofi
  • Biogen Inc.
  • Pfizer Inc.
  • Actavis Inc.

Market Segmentation

By Composition

• Amino Acids
• Fats
• Carbohydrates
• Trace Elements
• Vitamins
• Minerals
• Other Compositions

By Consumer Type

• Children and New-born
• Adults

By End-User

• Hospitals
• Clinics
• Homecare
• Other End Users

Regional Insights

• Largest Market: North America was the largest region in the parenteral nutrition market in 2023.
• Fastest Growing Region: Asia-Pacific is expected to be the fastest-growing region during the forecast period.

Conclusion

The parenteral nutrition market is experiencing significant growth, driven by a combination of factors such as rising malnutrition, an aging population, and rapid urbanization. Innovations in product development and strategic partnerships are further propelling the market forward. With major players actively participating in mergers and acquisitions, the market is set for robust expansion in the coming years.

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