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).
What is parenteral nutrition?
Parenteral nutrition is defined because the feeding of nutritional products through veins to patients who don’t seem to be able to eat enough food to keep up the great nutritional requirement of the body and private growth. Nutrients include carbohydrates, minerals, fat, vitamins, and other trace elements. These nutrients are delivered either peripherally or centrally, through superior vena cava.
Key players operating in the global parenteral nutrition market are-
- Baxter International Inc. (US)
- Hospira (US)
- B. Braun (Germany)
- Grifols International, S.A. (Spain)
- Fresenius Kabi (Germany)
- Otsuka Pharmaceutical Factory, Inc. (Japan)
- Actavis Generics (US)
- Sichuan Kelun Pharmaceutical Co., Ltd (China).
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.
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?
Here is the list of the group of customers that the parenteral nutrition market hopes to have the greatest opportunity to convert-
- Logistics organizations
- Government bodies
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