The Parenteral Nutrition Market is segmented, By Type (Carbohydrates, Parenteral Lipid Emulsion, Single Dose Amino Acid Solution, Trace Elements, Vitamins, and Minerals), Application (Premature Infants, Neonates and Children, Geriatrics, Chronic Disease Patients), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Market Drivers
The parenteral nutrition market growth is driven by:
- Increasing prevalence of chronic diseases due to changing lifestyles and unhealthy eating habits.
- Expanding the geriatric populace across geographies.
- The presence of many malnourished children and a high natality rate.
- Rising demand for new product development is likely to create lucrative opportunities for the companies operating in the global market.
Regional Analysis
North American market accounted for a revenue share of more than 40% in 2021 and is expected to grow at a substantial CAGR during the forecast period. The segment growth is primarily attributed to the presence of advanced healthcare facilities coupled with the increasing prevalence of chronic diseases. The market growth in the Asia-Pacific region is expected to be driven by growing healthcare expenditure and increasing incidences of fatalities due to malnutrition.
Covid-19 Impact
The outbreak of the COVID-19 virus has affected the growth of the healthcare industry significantly. Stringent lockdown measures and restricted movement of people affected the product supply. However, the demand for vitamins increased to boost immunity.
Critical Questions Answered in the Report
- What are the key trends in the global market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the global market?
- What are the key strategies adopted by the major vendors to lead in the global market?
- What is the market share of the top vendors?
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