Global Parenteral Nutrition Market Size, Share, Forecast Report, 2020-2027
The global Parenteral Nutrition market garnered revenue around USD 5.7 Billion in 2019 and projected to reach USD 8.5 Billion in 2027, with at a compound annual growth rate (CAGR) 4.5% throughout the estimate period from 2020 to 2027.
Parenteral nutrition is a method of feeding a person intravenously. It is primarily referred to patients who are malnourished or at risk of malnutrition and have a non-functioning gastrointestinal (GI) tract. Carbohydrates, vitamins, fats, and minerals such as calcium represent the constituents of parenteral nutrition. Parenteral nutrition is indicated for patients who cannot intake adequate nutrition orally or enterally, or who have compromised GI track.
Administration of parenteral nutrition could become imperative in cases of gastrointestinal diseases, fatal burns, AIDS, and cancer. Parenteral nutrition products include a range of macronutrients such as carbohydrates, amino acids and lipid emulsions, and micronutrients such as vitamins, trace elements, and minerals. Rise in incidence and prevalence of chronic diseases across the world is the major factor to drive the global market.
North America dominated the global parenteral nutrition market in 2019 and anticipated to dominate during the forecast period. Growing U.S. FDA approvals for the parenteral nutrition is one of the major factors to drive the market in this region.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Parenteral Nutrition market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Parenteral Nutrition market growth.
The global Parenteral Nutrition market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
Key players include Allergan plc., Pfizer Inc., B.Braun Melsungen AG, Fresenius Kabi AG, Grifols, S.A., Baxter International, Inc., Vifor Pharma Management Ltd.,and Sichuan Kelun Pharmaceutical Co., Ltd., among others
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Parenteral Nutrition Market, by Type
- Parenteral Lipid Emulsions
- Single Dose Amino Acid Solutions
- Trace elements, Electrolytes, & Minerals
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- United States
- United Kingdom
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central & South America
- Rest of Central & South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA