Parenteral Nutrition Market Research Report: Top Driving Factors And Future Trends 2026 | Grand View Research, Inc.

June 07 15:56 2021
Parenteral Nutrition Market Research Report: Top Driving Factors And Future Trends 2026 | Grand View Research, Inc.

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According to a new report published by Grand View Research, Increasing rate of natality and surging geriatric population is fueling the market growth.

The global parenteral nutrition market size is expected to reach USD 8.26 billion by 2026, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.8% during the forecast period. Increasing rate of natality and surging geriatric population is fueling the market growth.

As of 2014, the natality rate reported by the National Center for Health Statistics (NCHS) is 12.5 births per 1,000 populations in U.S. Furthermore, the percentage of lower weight infants was 8.0%, thereby boosting the demand for parenteral nutrition products in the country.

The realized natality is rising over the last decade and is anticipated to sustain growth over the forecast period. However, in 2011, a dip was witnessed in U.S. owing to alteration in fertility rate of the local female population. However, in the same year, hike in the number of births for foreign based immigrant citizens was also observed leading to an overall rise in birth rate.

Moreover, a large number of premature babies suffer from low weight as well as undeveloped immunity thus putting them at risk. Parenteral nutrition reduces the risk of infection and underdevelopment, thereby promoting its application.

As per the National Center for Healthcare Statistics, the premature birth rate of the U.S. is about 9.6% as of 2016, and the national authorities are working to reduce it to 8.1%.

In very low birth weight (VLBW) newborns, demand for parenteral nutrition is higher owing to low prospect of enteral nutrition. Hence, use of parenteral nutrition in premature infants results in improved intrauterine nutrient deposition, faster neurological development, and minimized risk of complications thus improving their chances for survival. 

Parenteral Nutrition Market Report Highlights

 Single dose amino acid solution segment dominated the market in 2018 owing to increasing use of amino acid solutions that possess fewer side effects thus enhancing patient benefits

North America led the market in terms of revenue and accounted for 41.73% of the overall share in 2018. Presence of high research expenditure by private entities and government agencies in the healthcare sector and collaborations among medical device industry, regulatory authorities, and universities are responsible for the market growth

Some of the companies present in the parenteral nutrition market are B. Braun Melsungen AG; Baxter International, Inc.; Fresenius Kabi AG; Hospira, Inc.; Actavis, Inc.; Grifols International S.A.; Otsuka Pharmaceutical Factory, Inc.; and Sichuan Kelun Pharmaceutical Co. Ltd.

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Parenteral Nutrition Market Segmentation

Grand View Research has segmented the global parenteral nutrition market based on nutrient type and region:

Parenteral Nutrition Nutrient Type Outlook (Revenue, USD Million, 2015 – 2026)
    • Carbohydrates
    • Lipid Emulsion
    • Single Dose Amino Acid Solution
    • Trace Elements
    • Vitamins & Minerals

Parenteral Nutrition Regional Outlook (Revenue, USD Million, 2015 – 2026)
     North America
        • The U.S.
        • Canada
    • Europe
        • Germany
        • The U.K.
        • Spain
        • Italy
        • France
    • Asia Pacific
        • China
        • India
        • Japan
        • Thailand
        • South Korea
    • Central and South America
        • Brazil
        • Mexico
        • Argentina

        • Colombia
    • Middle East & Africa (MEA)
        • Saudi Arabia
        • South Africa

        • UAE

 

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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