The global parenteral nutrition market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Parenteral nutrition is infused as a specialized form of food through a vein for the treatment to correct or prevent malnutrition. The major factor for the growth of the market is the increasing prevalence of malnutrition particularly in developing and under-developed countries across the globe.
According to the Our World in Data, 8.8% of the population are undernourished globally. Additionally, an estimated 663 million people are undernourished with 22% of children younger than five years of age being stunted. These children are significantly shorter than the average for their age due to poor nutrition or repeated infection. Furthermore, 9% of the population which is around 697 million people are severely food insecure while one-in-four people around 1.9 billion are moderately or severely food insecure across the globe. Hence, the increasing prevalence of malnutrition or undernutrition is driving the demand for parenteral nutrition which is driving the market growth. Furthermore, the rising awareness and government initiatives are propelling the growth of the market.
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Some major players in the market include Baxter International Inc., Grifols, S.A., and Otsuka Pharmaceutical Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2020, Baxter International Inc. announced the approval of new formulations of Clinimix (amino acids in dextrose) Injections and Clinimix E (amino acids with electrolytes in dextrose and calcium) Injections by the US Food and Drug Administration (FDA) for patients requiring parenteral nutrition.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
Segment Covered-
· By Nutrient Type
· By Application
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- Baxter International Inc., Grifols, S.A., and Otsuka Pharmaceutical Co., Ltd., among others.
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Global Parenteral Nutrition Market Report by Segment
By Nutrient Type
• Carbohydrates
• Lipid Emulsion
• Single Dose Amino Acid Solution
• Trace Elements
• Vitamins & Minerals
By Application
• Children & New-born
• Adults
Global Parenteral Nutrition Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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