LARGE VOLUME PARENTERAL MARKET ANALYSIS

Regional Analysis

Regional segmentation of the large volume parental market by Coherent Market Insights consist of North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to dominate the large volume parenteral market, owing to increasing number of hospital admissions and cost associated with such admission (an estimated US$ 1900 in 2013 as per Kaiser Health fact). According to American Hospital Association factsheet 2018, an estimated 35,158,934 hospital admissions were reported in 2017, large volume parenteral is integral part of any admission procedure, as nutrition and electrolyte support is essential in most of the cases. According to report by Lancet Commission for Global Surgery, 2015, large number of unmet surgical needs in Asia Pacific region are expected to provide potential opportunity for large volume parenteral market due to use of large volume parenteral to administer therapeutics doses or nutrition. Parenteral nutrition plays a key role in patients who are unable to take diet normally or unconscious. In such cases nutrition is administered through large volume parenteral. According to study published in Journal of Critical Care in 2017, an estimate of 40,000 people are in need of such parenteral nutrition annually in the U.S., which in turn is driving growth of the market.