Global Parenteral Nutrition Market, by Nutrition Type (Vitamins & Trace Minerals, Carbohydrates, Electrolytes, Amino Acid Solutions, and Lipid Emulsion), by Patient Type (Geriatric, Infants, and Adults), by Distribution Channel (Online Pharmacies, Hospital Pharmacies, and Retail Pharmacies), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), had a valuation of US$ 4,133.6 million in 2021, and is anticipated to grow at a CAGR of 5.2% during the estimated timeframe (2021-2028).
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The increasing number of item dispatches or endorsements is supposed to help in supporting the development of the global parenteral nutrition market. In January 2020, American Regent Inc., a Daiichi Sankyo Group organization, reported that it got the U.S. Food and Drug Administration (FDA) endorsement for Zinc Sulfate Injection, USP. Zinc Sulfate is a minor component demonstrated in grown-up and pediatric patients as a wellspring of zinc for parenteral nourishment.
Expansion in the number of acquisitions, organizations, and coordinated efforts between market players is supposed to drive the development of the global parenteral nutrition market during the forecasted timeframe. In June 2017, Eurolife Healthcare Pvt. Ltd., a main drug organization, obtained Baxter’s intravenous (I.V.) liquid business in India, with its assembling areas in Aurangabad and Chennai. It offers quality items from assembling plants, proceeding with the 100 percent seat checking quality affirmation of parenteral sustenance items.
Effect of the Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic has impacted a few business sectors like elective medical procedures, dermatology across the globe. The COVID-19 pandemic has impacted the interest and supply of medical services in three principal ways; by straightforwardly influencing the creation and request; by making disturbances in dissemination channels; and due to its monetary effect on firms and monetary business sectors.
Nonetheless, during the pandemic, central participants in the global parenteral nutrition market were centered on the extension of assembling offices for the creation of parenteral sustenance items, where the pervasiveness of dietary inadequacy is high. This is supposed to expand the development of the global parenteral nutrition market over the conjectured timeframe. On June 3, 2021, Pharmasyntez, a drug organization settled in Russia, declared that the organization is anticipating the development of a new assembling office in the Kalgua district, Russia. The organization invested approximately US $0.028 billion in the construction of the new office. This new assembling office is supposed to deliver around 1,000,000 containers of parenteral nutrition a year.
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Key Takeaways
The global parenteral nutrition market is supposed to display a CAGR of 5.2% over the conjectured timeframe (2021-2028). North America is supposed to represent a significant portion of the overall industry over the estimated timeframe (2021-2028), attributable to the rising joint efforts by market players. In October 2018, Baxter International Inc., a drug organization, worked together with the American Society for Parental and Enteral Nutrition (ASPEN), an association which drives the science and practice of clinical nourishment, to launch an instructive video series on the proper utilization of parenteral nutrition (PN), as a component of the association’s “SmartPN” cooperation to assist with diminishing clinical hunger.
Key companies contributing to the global parenteral nutrition market include Grifols, S.A., Otsuka Pharmaceutical India Pvt. Ltd., Aculife Healthcare, Baxter International Inc., Fresenius Kabi AG, B. Braun Melsungen AG, Eurolife Healthcare Pvt. Ltd., American Regent Inc., Kelun, Pfizer, Inc., and JW Pharmaceutical.
Reasons to buy this Parenteral Nutrition Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Parenteral Nutrition market size estimation and recent advancements in the industry are explained.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Parenteral Nutrition Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Parenteral Nutrition Industry Impact
Chapter 2 Global Parenteral Nutrition Competition by Types, Applications, and Top Regions and Countries
2.1 Global Parenteral Nutrition (Volume and Value) by Type
2.3 Global Parenteral Nutrition (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Parenteral Nutrition Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Parenteral Nutrition Market Analysis
Chapter 6 East Asia Parenteral Nutrition Market Analysis
Chapter 7 Europe Parenteral Nutrition Market Analysis
Chapter 8 South Asia Parenteral Nutrition Market Analysis
Chapter 9 Southeast Asia Parenteral Nutrition Market Analysis
Chapter 10 Middle East Parenteral Nutrition Market Analysis
Chapter 11 Africa Parenteral Nutrition Market Analysis
Chapter 12 Oceania Parenteral Nutrition Market Analysis
Chapter 13 South America Parenteral Nutrition Market Analysis
Chapter 14 Company Profiles and Key Figures in Parenteral Nutrition Business
Chapter 15 Global Parenteral Nutrition Market Forecast (2021-2028)
Chapter 16 Conclusions
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