The major share of the Global Parenteral Nutrition Market comes from Single dose amino acid solutions, by type in Global Parenteral Nutrition Market. On the other hand, hospital segment for this market is expected to grow during year 2018-2023.
Baxter International, Inc., B. Braun Melsungen AG, Allergan Plc, Grifols, S.A., Hospira, Otsuka Pharmaceutical Factory Inc., Fresenius Kabi AG, Sichuan Kelun Pharmaceutical Co., Ltd., Vifor Pharma, and Aculife Healthcare, among others are some of the key players in the Global Parenteral Nutrition market. Expansions of product line, geographical expansion and mergers and acquisitions are some of the strategies practiced by these companies to capitalize on market opportunity. For instance, in February 2017, ICU Medical confirms the acquisition of Hospira infusion system from Pfizer. This acquisition has assisted the organization to broaden its product portfolio in the parenteral nutrition segment.
Global Parenteral Nutrition market is expected to see commendable growth by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific considered as the fastest growing market in the forecasted period. U.S. dominated and held the majority of share in North America parenteral nutrition market accounting for USD 1,212.5 million in the year 2018 thus, U.S. represents major regional market share followed by Canada. The region will witness positive growth owing to rise in awareness about parenteral nutrition as well as, growing incidence of chronic diseases coupled with rising healthcare expenses.
Parenteral nutrition market will experience a lucrative growth over the forecast period. Rising metabolic disorders along with chronic diseases such as diabetes in the recent years will be one of the major factors driving market growth. Moreover, growing trend of malnourishment worldwide coupled with increasing rate of geriatric population is another reason for boosting the growth of the market, since people above the age of 65 are more prone to chronic diseases. Hence, the aforementioned reasons will augment the parenteral market growth.
Increasing birth rates and pre-mature births, as well as scarcity of essential nutrients among the preterm infants and new born should fuel adoptions rates in the developing nations. As per statistics, India accounts for nearly 3 million preterm births annually. Hence, it will augment the growth of the market. However, stringent government regulations regarding the approval of parenteral nutrition products, especially in countries such as, U.S., Europe and Asia Pacific will restraint the growth of the market. Also, lack of awareness among people in the developing nations will be a hindrance in the growth of the market.
The Global Parenteral Nutrition Market is segmented on the basis of nutrition type, end-users, and regions. On the basis of nutrition type the market is segmented into carbohydrates, single dose amino acid solution, parenteral lipid emulsion, vitamins and minerals, and trace elements. Based on the end user segment, the global parenteral nutrition market is segmented into hospitals, clinics, and others.
TABLE OF CONTENT
Chapter 1 Overview And Scope
Chapter 2 Executive Summary
Chapter 3 Market Insights
Chapter 4 Industry Trends
Chapter 5 Global Parenteral Nutrition Market Analysis, by Type, 2018 – 2026 (US$ Bn)
Chapter 6 Global Parenteral Nutrition Market Analysis, by End User, 2018 – 2026 (US$ Bn)
Chapter 7 North America Parenteral Nutrition Market Analysis, 2018 – 2026 (US$ Bn)
Chapter 8 Europe Parenteral Nutrition Market Analysis, 2018 – 2026 (US$ Bn)
Chapter 9 Asia Pacific Parenteral Nutrition Market Analysis, 2018 – 2026 (US$ Bn)
Chapter 10 Rest of the World (RoW) Parenteral Nutrition Market Analysis, 2018 – 2026 (US$ Bn)
Chapter 11 Market Competition Analysis
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