The growing number of patients with abnormal health conditions that impair the food intake and nutrient digestion of the patient is boosting the demand for parenteral nutrition. Therefore, IndustryARC findings revealed that the global Parenteral Nutrition Market size raised to $4.3 billion in 2018. It is set to grow with a CAGR of 3.47% during the forecast period 2019-2025.
The global parenteral nutrition market report provides parenteral nutrition market trends and demand in various geographical regions. Additionally, it also gives information about a different type of parental nutrition products used across the world. It is titled as, “Parenteral Nutrition Market: By Product Type (Carbohydrates, Parenteral Lipid Emulsion, Single Dose Amino Acid Solution, Trace Elements, Vitamins, and Minerals) & By Region – Forecast (2019 - 2025).”
Parenteral Nutrition Market: Leading Segments
Intravenous nutrition is an appropriate choice for patients who fail to uphold their nutritional status either by oral eating or tube feeding. In recent times, noticeable atherosclerosis is reduced by specially formulated amino acid solutions, which in turn decreases the risk associated with the rising cardiovascular (CVD) incidences around the world. Among varied nutrition types, single-dose, an amino acid solution is recognized as the fastest-growing nutrition type with a CAGR of 3.65% throughout the afore-mentioned foreknown period.
According to a magazine for nutrition professionals, nearly 34,000 patients in the U.S. receive parenteral nutrition every year. The American Society for Parenteral and Enteral Nutrition (ASPEN) is a multi-professional society, which is aimed at researching clinical practice with patients, and also in identifying the requirement of parenteral nutrition using different settings. Increasing focus on laboratory-based and clinical studies are improving the safety of parenteral nutrition in this region. These factors altogether are influencing the growth of parenteral nutrition market. Thus, North America has been identified as the leading region, which accounts for a share of 36.30% in the global parenteral nutrition market as of 2018.
Parenteral Nutrition Market: Disruptive Trends
Total parenteral nutrition has been revolutionizing the management of lethal condition named the short bowel syndrome in both infants and adults. It is well-known as an adjunctive therapy and a fair, safe procedure for syndrome management.
Emerging new formulations in parenteral solution, they are formed by analyzing the human nutrition and metabolic processes. Therefore, these formulations are most suitable for varied clinical situations. Rapid growth associated with nutritional support at clinical biochemistry is contributing for new formulating distinctive solutions for specific clinical situations such as to decrease malnutrition in patients, wherein it is difficult for the intake of adequate nutrients through oral route.
Parenteral Nutrition Market: Competitive Landscape
Baxter International Inc., Sichuan Kelun Pharmaceutical Co. Ltd., Allergan plc. (Actavis plc.), Grifols S.A., Pfizer Inc., Fresenius SE & Co. KGaA, Otsuka Pharmaceutical Factory Inc., B. Braun Melsungen AG, and Claris Lifesciences Limited are some of the major parenteral nutrition market share players operating in the parenteral nutrition market.
Talk to one of our sales representative about the full report by providing your details in the link below:
A. Infusion Therapy Devices Market
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
To request for a proposal, provide your details in the below link:
Mr. Venkat Reddy
Email: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.