Rising Incidences of Chronic Diseases Driving Global Parenteral Nutrition Market Steadily: Research Predicts CAGR of 5.4 % through 2023

Published on : May 28, 2018

Albany, New York, May 28, 2018: A major fact is that rising occurrence of malnutrition can lead to the emergence of problems such as food insecurity and political unrest. This major concern is rising across the world and promoting the uptake of parental nutritional. Parenteral nutrition (PN) is a life-sustaining therapy for patients who cannot eat or tolerate enteral nutrition. Market Research Hub (MRH) has freshly publicized a new study titled “Parenteral Nutrition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2023” to its vast repository, which dissects and estimates the market for parenteral nutrition at the worldwide and regional level. The market has been estimated in light of figure (Km), volume (Units), and income for components (US$ Mn), for between 2017 and 2025.

At first, the research report comprises an elaborate executive summary that gives a market snapshot delivering information about various segments of parenteral nutrition. In addition, this intelligent study also covers the geographical segmentation which analyzes the scope of the market in different regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Moreover, the report provides qualitative and quantitative analysis of the market, in which market dynamics, trends, product summary, and country-level information are covered.

Forecast Insights

Parenteral nutrition refers to nutritional support provided by an intravenous route. Presently, the focal point of parenteral nutrition is to provide chronically ill patients adequate nutritional support. The high incidence of chronic conditions such as cancer, gastrointestinal disorders, ischemic bowel disease, diabetic complications, and Crohn’s disease amongst others is propelling the demand for parenteral nutrition. Considering these facts, the research suggests that the opportunity of the global parenteral nutrition market will be worth US$6,874.1 million by the end of 2023, increasing up from US$5,023.2 million as of 2017.

Moreover, the report also states that the market for parenteral nutrition is expected to expand at a steady CAGR of 5.4% between 2017 and 2023.  On the other hand, Asia Pacific will the key geographical segment as it will expand at a CAGR of 7.0% during the forecast period due to growing cases of chronic diseases such as cancer and AIDS.

Furthermore, the study segments the global market on the basis of type of nutrients, which are carbohydrates, parenteral lipid emulsion, single dose amino acid solutions, trace elements, and vitamins and minerals. Amongst, the single dose amino acid solutions nutrient segment captured a significant share in 2017. Analyst anticipates that it will also be a leading nutrient segment as several players are introducing unique amino acid-based PN product.

At last, the report comprises a detailed company profiles section including a synopsis of the key players functioning in the global parental nutrition market. They are Baxter International Inc., Fresenius SE & Co. KGaA, Sichuan Kelun Pharmaceutical Co. Ltd., Allergan plc. (Actavis plc.), Grifols S.A., and Pfizer Inc. Researchers have found that participants are also focusing towards entering into strategic joint ventures in order to consolidate their position in the market.

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