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How is the Parenteral Nutrition Market Expected to Expand from 2024 to 2033?

In the recent years, the market size of parenteral nutrition has expanded significantly. Its projected growth is from $6.48 billion in 2023 to an estimated $6.85 billion in 2024, with a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth during the historical period include an increase in disposable income and urbanization, a rise in obesity rates and the growing appeal of noninvasive and minimally invasive aesthetic procedures.

Over the coming years, the market size for parenteral nutrition is projected to experience robust growth, reaching a worth of $8.67 billion in 2028, advancing at a compound annual growth rate (CAGR) of 6.1%. This anticipated expansion during the forecast period is linked to factors such as the growing elderly population, swift urbanization, rising disposable income, as well as an escalation in mergers and acquisitions. Key trends expected to influence the market during this period encompass product breakthroughs, implementation of artificial intelligence in aesthetics, the advancements in focal radio frequency technology, the application of laser-enhanced liposuction, and strategic partnerships and collaborations.

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What Influences Are Propelling the parenteral nutrition Market Forward?

The escalating rates of malnutrition worldwide is a key driver behind the rising expansion of the parenteral nutrition market. When referring to malnutrition, this pertains to the lack of, the excess of, or the imbalance of energy or nutrients in a person’s nutritional intake. With the rising number of premature births leading to immune system dysfunction and nutrient deficits, the need for parenteral nutrition among infants and youngsters has surged. As stated by the World Health Organization, a governmental agency based in Switzerland, in 2021, there were 1.9 billion overweight or obese adults and 462 million individuals who were underweight. Approximately 45% of fatalities amongst children under 5 are associated with undernutrition. Therefore, as the prevalence of malnutrition continues to rise worldwide, it’s anticipated that the demand for parenteral nutrition would intensify during the predicted timespan.

What Key Segments Exist Within the Parenteral Nutrition Market?

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

What Trends Are Coming to the Forefront in the Parenteral Nutrition Market?

One major trend impacting the parental nutrition market is that of product innovation, with companies in this sector introducing inventive items like the four-oil lipid injectable emulsion to broaden their parental nutrition offerings. For example, in March 2022, Fresenius Kabi, a pharmaceutical company hailing from Germany, garnered approval from the US Food and Drug Administration (FDA) for their SMOFlipid lipid injectable emulsion, intended for pediatric parenteral nutrition, including term and preterm neonates. The SMOFlipid lipid injectable emulsion distinguishes itself as the first and only four-oil lipid injectable emulsion incorporating soybean oil, medium-chain triglycerides, olive oil, and fish oil – an excellent source of omega-3 fatty acids. This product has a wide range of use, from hospitals to home care environments.

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What Regions Are Leading the Charge in the Parenteral Nutrition Market?

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.

The Parenteral Nutrition Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the parenteral nutrition market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Parenteral Nutrition Market Include

1. Parenteral Nutrition Market Executive Summary

2. Parenteral Nutrition Market Segments

3. Parenteral Nutrition Market Size And Template Market Growth Rate

4. Key Parenteral Nutrition Market Trends

5. Major Parenteral Nutrition Market Drivers

……

25. Key Mergers And Acquisitions In The Parenteral Nutrition Market

26. Top Parenteral Nutrition Companies

27. Parenteral Nutrition Market Opportunities And Strategies

28. Parenteral Nutrition Market, Conclusions And Recommendations

29. Appendix

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