Parenteral Nutrition Market growth is attributed to the Increased prevalence of chronic diseases

According to Precision Business Insights (PBI) latest report The Global Parenteral Nutrition market is expected to be worth USD 2,437.2 million in 2021, growing at a 7.2% CAGR from 2022 to 2028. Global Parenteral Nutrition Market segmented into following types: By Type (Carbohydrates, Parenteral Lipid Emulsions, Amino Acid Solutions, Trace elements, Electrolytes, & Minerals Others), Dosage Form (Bags, Bottles, Others), Application (Adult, Paediatric) Disease (Cancer, Critical Care, Neurological Disorder, Gastrointestinal Diseases Others) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) Forecast to 2028. Key player's profiles in the Parenteral Nutrition market report are B. Braun Melsungen AG, Otsuka Pharmaceutical Factory Inc, Baxter International Inc, Allergan plc. (Actavis plc.), Grifols S.A., Pfizer Inc, Sichuan Kelun Pharmaceutical Co. Ltd, Claris Lifesciences Limited, Pfizer, Fresenius Kabi AG. A significant driver driving the global parenteral nutrition market is the increasing prevalence of chronic diseases throughout the world. In recent years, the prevalence of cancer, AIDS, diabetes, Crohn's disease, gastrointestinal diseases, and short bowel syndrome has fueled the use of parenteral nutrition. Furthermore, the rise in occurrences of malnutrition among the elderly is propelling the worldwide parenteral nutrition market forward. According to the National Resource Centre on Nutrition, Physical Activity, and Aging, around 1 million housebound older persons in North America are malnourished each year resulting in propelling the market growth.

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Amino Acid Solution Segment is Dominate the Parenteral Nutrition Market:
Amino Acid Solution pressure segment is expected to account for a larger revenue share in the global parenteral nutrition market with a value share in the global market and is projected to grow at significant CAGR over 2022 and 2028. Essential and non-essential amino acids are provided by amino acids therefore the standard component serves as full parenteral nutrition for the overall biological function of the body which helps to retain energy and maintain hydration to the body.

North America Leads Parenteral Nutrition Market
Asia-Pacific is predicted to increase at the quickest rate in global parenteral nutrition market due to economic growth in countries such as India, Japan, and China, as well as supporting government efforts, attractive reimbursement policies, and the rise of the healthcare industry, are likely to drive the regional market. Furthermore, the rise in the incidence of chronic diseases increased understanding of the benefits of various nutritional types, and an increase in the use of parenteral nutrition are all factors to consider.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Parenteral Nutrition market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In 2019, Baxter and ASPEN announced their collaboration to help reduce malnutrition through appropriate use of parenteral nutrition therapy through Smart PN. This collaboration played a critical role to minimize malnutrition and achieve better possible health outcomes.

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The Parenteral Nutrition market is segmented based on By Nutrient Type, Consumer Type, End-User, and geography:
Based on the Type, the market is segmented into the following:
Carbohydrates
Parenteral Lipid Emulsions
Amino Acid Solutions
Trace elements, Electrolytes, & Minerals
Others

Based on the dosage form, the market is segmented into the following:
Bags
Bottles
Others

Based on Application, the market is segmented into the following:
Adult
Paediatric

Based on Disease, the market is segmented into the following:
Cancer
Critical Care
Neurological Disorder
Gastrointestinal Diseases
Others

Based on Geography, the market is segmented into the following:
North America
Europe
Asia Pacific
Latin America
MEA

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