PARENTERAL NUTRITION MARKET ANALYSIS

Parenteral Nutrition Market, By Nutrition Type (Carbohydrates, Lipid Emulsion, Vitamins and Trace Minerals, Proteins, Others), By Patient Type (Infants, Adults, Geriatric), By Application (Diabetes, Renal Failures, Obesity, Sarcopenia, Cancer, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024
Code : CMI4804
Pages :224
Formats :
Excel and PDF
Industry : Pharmaceutical

Parenteral Nutrition MarketSize and Trends

The global parenteral nutrition market was valued US$ 4,548.7 Mn in 2023 and is expected to reach US$ 7,251 Mn by 2031 growing at a compound annual growth rate (CAGR) of 6% from 2024 to 2031.

Global Parenteral Nutrition Market – Trends

Rise in awareness about clinical nutrition: The growing awareness about clinical nutrition among consumers and healthcare professionals is significantly impacting the global parenteral nutrition market. There is a rising understanding that proper clinical nutrition is essential for improving health outcomes, especially for critically ill patients or those undergoing surgery or cancer treatment. Parenteral nutrition helps ensure patients receive adequate nutrients when they are unable to consume food or absorb nutrients orally or enterally.
Shift towards single-dose parenteral nutrition products: The global parenteral nutrition market is witnessing a notable shift towards single-dose parenteral nutrition products. With growing preference for convenience and safety, pharmaceutical companies are increasingly investing in the development of ready-to-use single-dose parenteral nutrition bags that eliminate the need for compounding. This trend addresses key concerns regarding contamination risks associated with compounded parenteral nutrition and reduces preparation time for caregivers.