Parenteral Nutrition Global Market Report 2024 - By Demand, Drivers, Growth, Trends, Forecast To 2033

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Parenteral Nutrition Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The parenteral nutrition market size has grown strongly in recent years. It will grow from $6.48 billion in 2023 to $6.85 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to rising disposable income and urbanization, growing obese population and increasing popularity of noninvasive and minimally invasive aesthetic procedures.

The parenteral nutrition market size is expected to see strong growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing elderly population, rapid urbanization and rise in disposable income, increase in mergers and acquisitions. Major trends in the forecast period include product innovations, use of artificial intelligence in aesthetics, development of focal radio frequency technology, use of laser-assisted liposuction, and partnerships and collaborations.

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Key Market Players:
Major companies operating in the parenteral nutrition market report are Baxter International Inc., Fresenius SE & Co. KGaA, Otsuka Pharmaceutical Factory Inc, B. Braun Melsungen AG, Sichuan Kelun Pharmaceutical Co. Ltd, American Regent Inc, JW Pharmaceutical, Grifols S.A., Amanta Healthcare, ICU Medical Inc., Hubei Provincial Bafeng Pharmaceuticals and Chemicals Share Co. Ltd., Allergan, Vifor Pharma, Pharmasyntez, Horatev, Soleo Health, Enteris BioPharma, Allena Pharmaceuticals, Abbvie, Johnson & Johnson, Sanofi, Biogen Inc., Farmoterápica, Pfizer Inc., Actavis Inc.

Market Drivers:
The growing prevalence of malnutrition across the globe is driving the growth of the parenteral nutrition market. Malnutrition refers to deficiencies, excesses, or imbalances in a person's intake of energy or nutrients. Premature births, which result in immune dysfunction and inadequate nutrition, have increased the demand for and use of parenteral nutrition among children and infants. For example, according to the World Health Organization, a Switzerland-based government agency, in 2021, 1.9 billion adults were overweight or obese, while 462 million were underweight. Around 45% of deaths among children under 5 years of age are linked to undernutrition. Hence, the growing prevalence of malnutrition across the globe is expected to boost demand for parenteral nutrition during the forecast period.

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The parenteral nutrition market covered in this report is segmented -
1) By Composition: Amino Acids, Fats, Carbohydrates, Trace Elements, Vitamins, Minerals, Other Compositions
2) By Consumer Type: Children and New-born, Adults
3) By End-User: Hospitals, Clinics, Homecare, Other End Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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