Parenteral Nutrition Market
Parenteral Nutrition Market Analysis By Nutrient Type (Carbohydrate-based Parenteral Nutrition Products, Parenteral Lipid Emulsion, Parenteral Nutrition Trace Elements) & By Region - Global Market Insights 2022 to 2032
Analysis of Parenteral Nutrition market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Parenteral Nutrition Market Outlook (2022 to 2032)
The market for parenteral nutrition accrued significant gains, being valued at over US$ 6 Billion as of 2021.
The industry is expected to reach US$ 7 Billion by 2022-end, experiencing year on year increase of 16% compared to 2021. From 2022 to 2032, the industry is forecast to increase 2x to reach US$ 14 Billion.
| Report Attributes | Details |
|---|---|
| Market Value for 2021 | US$ 6 Billion |
| Anticipated Market Value for 2022 | US$ 7 Billion |
| Forecasted Market Value for 2032 | US$ 14 Billion |
| Global Growth Rate (2022 to 2032) | 7% CAGR |
| Market Share of North America | 42% |
| Value CAGR of Asia-Pacific | 8% |
| Market Share of Single Dose Amino Acids | 31% |
| Key Companies Profiled | Allergan Plc.; Baxter International; Vifor Pharma Group; Grifols S.A; Otsuka Pharmaceutical Co. Ltd.; Fresenius Kabi; B. Braun Melsungen AG; Pfizer Inc.; Sichuan Kelun Pharmaceutical Co. Ltd.; Actavis Inc. |
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Parenteral Nutrition Demand Analysis 2015 to 2021 vs. Future Market Outlook 2022 to 2032
According to Fact.MR- a market research and competitive intelligence provider- parenteral nutrition products experienced a significant uptick in sales, flourishing at a CAGR of 6.4% from 2015 to 2021.
Rising demand for enhancing nutrition intake amongst immunocompromised patients due to the onset of chronic or infectious ailments has led to this high uptake.
During the COVID-19 pandemic, prospects further elevated, as healthcare providers relied on parenteral administration of vital body fluids and nutrients. Given the highly inflammatory nature of the disease, patients were rendered unable to consume nutrients orally, prompting parental nutrients administration. Moreover, it helped caretakers avoid contracting the infection themselves.
As the world population continue to expand, nutritional requirements are expected to surge manifold, especially across the low and middle-income countries.
Government initiatives to curb the incidence of malnutrition across these regions is opening new growth frontiers for parenteral nutrition products. As per this report, the market is forecast to experience a CAGR of 7% across the 2022 to 2032 assessment period.
Prominent Drivers Influencing Parenteral Nutrition Industry Expansion
Rising Prevalence of Chronic, Non-Communicable Diseases to Augment Growth
Non-communicable diseases (NCDs) lead to 41 million fatalities each year, equivalent to 71% of deaths globally, according to the World Health Organization. Each year, more than 15 million people die from an NCD between the ages of 30 and 69 years, and 85% of these premature deaths occur across low and middle-income countries.
Most of these fatalities arise out of lack of adequate minerals, vitamins or nutrients. Malnutrition is a serious problem plaguing both the developing as well as developed worlds. Currently, nearly 2 billion adults are overweight or obese, while 462 million are underweight.
Attributed to these disturbing trends, healthcare facilities worldwide are emphasizing on the importance of balancing nutritional intake, with active support from government and non-governmental agencies. This is consequently widening prospects for parenteral nutritional products. These products are extensively used to assist in nutritional intake of patients with severe illnesses.
High Incidence of Premature Births to Accelerate Parenteral Nutrition Uptake
The scope for parenteral nutrition has been further enhanced in the light of increasing numbers of premature births across multiple regions. It is documented that every year, around 15 million babies are born preterm- before the completion of the 37-week gestation period. Across 184 countries, this rate ranges from 5% to 18%.
Most premature babies suffer from low weight and undeveloped immunity, which puts them at risk. In addition, individuals and healthcare authorities are extensively focusing on limiting mortality due to early birth, thereby driving the use of parenteral lipid emulsions.
Healthcare infrastructure across the most critical areas are being extensively revamped to accommodate the growing nutritional intake requirements of pre-term infants. This has considerably broadened growth prospects for parenteral nutrition products.
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Region-wise Analysis
What are the Growth Prospects for the North American Market?
Increasing Prevalence of Nutritional Deficiency to Augment Adoption
According to Fact.MR, parenteral nutrition revenue is likely to be the largest across North America, expected to gather a market share worth 42% in 2022. Growth is majorly attributed to the increasing prevalence of nutritional inadequacy amongst both adults and children in recent years.
According to Johns Hopkins Medicine, across the United States, a significant proportion of children suffer from malnutrition due to dietary imbalances than due to nutritional deficiencies. About 1% of children across the U.S suffer from chronic malnutrition. Iron deficiency comprises most of the malnutrition cases across the country.
Estimates by the World Health Organization suggest that one in six women (16%) are iron deficient, especially during pregnancy, with the incidence higher among non-Hispanic blacks and Hispanics. Hence, a lot of patients are opting for parenteral nutritional products and services throughout the continent.
How do Growth Prospects Appear across the Asia-Pacific Region?
A Large Population Base and the Consequent Nutritional Requirement Bolstering Prospects
Sales of parenteral nutritional products are expected to grow the fastest across the Asia-Pacific. The presence of a large population base and the consequent rise in cases of inadequate nutritional intake- particularly across the developing world- has heightened growth prospects throughout the region.
Countries such as India represent the bulk of all growth opportunities in the long-run. It is reported that every day, more than 6,000 children below the age of 5 succumb to malnutrition in the country. Most of them are a result of lack of vitamin A, iron iodine, zinc and folic acid. About 57% of preschoolers and their mothers have sub-clinical Vitamin A deficiency.
Likewise, in China, mineral insufficiency comprises the highest form of malnutrition among adults, at around 99.97%, followed by vitamin deficiency (98.8%), overweight & obesity (39.58%) and underweight (~4%). Hence, governments are promoting extensive nutritional intake campaigns, elevating growth prospects. Fact.MR expects the Asia-Pacific market to proliferate at a CAGR of 8% through 2032.
Category-wise Insights
Which Parenteral Nutrient Type is forecast to Remain Dominant?
Single Dose Amino Acid Parenteral Nutrition Solutions to Remain Prominent
By nutrient type, sales of single dose amino acid parenteral nutrition solutions are expected to remain dominant, with an anticipated market share worth 31% in 2022 and beyond. This is attributed to increased usage of amino acid solutions.
Newly procured amino acids possess fewer side effects, thereby enhancing patient benefits. A combination of different amino acid grades have proven to enhance overall biological functioning of the patient. Hence, there is high reliance on this product.
Prospects for Parenteral Lipid Emulsions are expected to Heighten Significantly
Besides single dose amino acids, lipid emulsions are likely to enjoy rapid growth, expanding at a CAGR of 6.7% from 2022 to 2032. Growth is attributed to development of hybrid parenteral lipid emulsions from multiple sources to enhance patient health.
These formulations are manufactured through a combination of fish oil and olive oil. Moreover, the COVID-19 pandemic has prompted healthcare providers to offer parenteral nutrition over enteral approaches, with lipid emulsions proving to be the most convenient option.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Prominent parenteral nutrition products manufacturers are striving to continuously improve their product offerings. They do so by introducing new product lines, consolidating their presence through collaborations and acquiring some small to medium-scale providers among others. Some key developments are as follows:
- In January 2020, Fresenius Kabi completed its clinical trial for SmofKabiven- a new range of lipid emulsions. The product is manufactured from multiple oils, including fish, soybean & olive oils and medium-chain triglycerides.
Key Segments Covered in the Parenteral Nutrition Research Report
-
By Nutrient Type :
- Carbohydrate-based Parenteral Nutrition Products
- Parenteral Lipid Emulsion
- Single Dose Amino Acid Parenteral Nutrition Solution
- Parenteral Nutrition Trace Elements
- Parenteral Vitamins & Minerals
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Nutrient Type
- 8.1. Carbohydrates
- 8.2. Parenteral Lipid Emulsion
- 8.3. Single Dose Amino Acid Solution
- 8.4. Trace Elements
- 8.5. Vitamins & Minerals
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. Asia Pacific
- 9.5. Middle East and Africa (MEA)
- 10. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 11. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. B. BRAUN MELSUNGEN AG
- 17.2. FRESENIUS KABI AG
- 17.3. ALLERGAN
- 17.4. GRIFOLS, S.A.
- 17.5. PFIZER, INC.(HOSPIRA)
- 17.6. OTSUKA PHARMACEUTICAL FACTORY, INC.
- 17.7. BAXTER
- 17.8. ACULIFE (NIRLIFE)
- 17.9. SICHUAN KELUN PHARMACEUTICAL CO., LTD
- 17.10. VIFOR PHARMA
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn), By Nutrient Type, 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Nutrient Type, 2022 to 2032
Table 3: Global Market, By Region, 2015 to 2021
Table 4: Global Market, By Region, 2022 to 2032
Table 5: North America Market Value (US$ Mn), By Nutrient Type, 2015 to 2021
Table 6: North America Market Value (US$ Mn), By Nutrient Type, 2022 to 2032
Table 7: North America Market, By Country, 2015 to 2021
Table 8: North America Market, By Country, 2022 to 2032
Table 9: Latin America Market Value (US$ Mn), By Nutrient Type, 2015 to 2021
Table 10: Latin America Market Value (US$ Mn), By Nutrient Type, 2022 to 2032
Table 11: Latin America Market, By Country, 2015 to 2021
Table 12: Latin America Market, By Country, 2022 to 2032
Table 13: Europe Market Value (US$ Mn), By Nutrient Type, 2015 to 2021
Table 14: Europe Market Value (US$ Mn), By Nutrient Type, 2022 to 2032
Table 15: Europe Market, By Country, 2015 to 2021
Table 16: Europe Market, By Country, 2022 to 2032
Table 17: Asia Pacific Market Value (US$ Mn), By Nutrient Type, 2015 to 2021
Table 18: Asia Pacific Market Value (US$ Mn), By Nutrient Type, 2022 to 2032
Table 19: Asia Pacific Market, By Country, 2015 to 2021
Table 20: Asia Pacific Market, By Country, 2022 to 2032
Table 21: MEA Market Value (US$ Mn), By Nutrient Type, 2015 to 2021
Table 22: MEA Market Value (US$ Mn), By Nutrient Type, 2022 to 2032
Table 23: MEA Market, By Country, 2015 to 2021
Table 24: MEA Market, By Country, 2022 to 2032
Table 25: Global Market Incremental $ Opportunity, By Nutrient Type, 2015 to 2021
Table 26: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 27: North America Market Incremental $ Opportunity, By Nutrient Type, 2015 to 2021
Table 28: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 29: Latin America Market Incremental $ Opportunity, By Nutrient Type, 2015 to 2021
Table 30: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 31: Europe Market Incremental $ Opportunity, By Nutrient Type, 2015 to 2021
Table 32: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 33: Asia Pacific Market Incremental $ Opportunity, By Nutrient Type, 2015 to 2021
Table 34: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 35: MEA Market Incremental $ Opportunity, By Nutrient Type, 2015 to 2021
Table 36: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Nutrient Type, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Nutrient Type to 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Nutrient Type to 2022 to 2032
Figure 6: Global Market Share, By Region, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Region to 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Region to 2022 to 2032
Figure 9: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 10: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 11: North America Market Share, By Nutrient Type, 2022 & 2032
Figure 12: North America Market Y-o-Y Growth Projections, By Nutrient Type to 2022 to 2032
Figure 13: North America Market Attractiveness Index, By Nutrient Type to 2022 to 2032
Figure 14: North America Market Share, By Country, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Country to 2022 to 2032
Figure 17: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 18: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 19: Latin America Market Share, By Nutrient Type, 2022 & 2032
Figure 20: Latin America Market Y-o-Y Growth Projections, By Nutrient Type to 2022 to 2032
Figure 21: Latin America Market Attractiveness Index, By Nutrient Type to 2022 to 2032
Figure 22: Latin America Market Share, By Country, 2022 & 2032
Figure 23: Latin America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 24: Latin America Market Attractiveness Index, By Country to 2022 to 2032
Figure 25: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 26: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 27: Europe Market Share, By Nutrient Type, 2022 & 2032
Figure 28: Europe Market Y-o-Y Growth Projections, By Nutrient Type to 2022 to 2032
Figure 29: Europe Market Attractiveness Index, By Nutrient Type to 2022 to 2032
Figure 30: Europe Market Share, By Country, 2022 & 2032
Figure 31: Europe Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 32: Europe Market Attractiveness Index, By Country to 2022 to 2032
Figure 33: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 34: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 35: MEA Market Share, By Nutrient Type, 2022 & 2032
Figure 36: MEA Market Y-o-Y Growth Projections, By Nutrient Type to 2022 to 2032
Figure 37: MEA Market Attractiveness Index, By Nutrient Type to 2022 to 2032
Figure 38: MEA Market Share, By Country, 2022 & 2032
Figure 39: MEA Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 40: MEA Market Attractiveness Index, By Country to 2022 to 2032
Figure 41: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 42: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 43: Asia Pacific Market Share, By Nutrient Type, 2022 & 2032
Figure 44: Asia Pacific Market Y-o-Y Growth Projections, By Nutrient Type to 2022 to 2032
Figure 45: Asia Pacific Market Attractiveness Index, By Nutrient Type to 2022 to 2032
Figure 46: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 47: Asia Pacific Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 48: Asia Pacific Market Attractiveness Index, By Country to 2022 to 2032
Figure 49: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 50: US Market Share, By Nutrient Type, 2021
Figure 51: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 52: Canada Market Share, By Nutrient Type, 2021
Figure 53: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 54: Brazil Market Share, By Nutrient Type, 2021
Figure 55: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 56: Mexico Market Share, By Nutrient Type, 2021
Figure 57: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 58: Germany Market Share, By Nutrient Type, 2021
Figure 59: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 60: U.K. Market Share, By Nutrient Type, 2021
Figure 61: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 62: France Market Share, By Nutrient Type, 2021
Figure 63: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 64: Italy Market Share, By Nutrient Type, 2021
Figure 65: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 66: BENELUX Market Share, By Nutrient Type, 2021
Figure 67: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 68: Nordic Countries Market Share, By Nutrient Type, 2021
Figure 69: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 70: China Market Share, By Nutrient Type, 2021
Figure 71: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 72: Japan Market Share, By Nutrient Type, 2021
Figure 73: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 74: South Korea Market Share, By Nutrient Type, 2021
Figure 75: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 76: GCC Countries Market Share, By Nutrient Type, 2021
Figure 77: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 78: South Africa Market Share, By Nutrient Type, 2021
Figure 79: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 80: Turkey Market Share, By Nutrient Type, 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the projected growth rate of the market for parenteral nutrition products from 2022 to 2032?
From 2022-2032, parenteral nutrition product sales are expected to surge at a CAGR of 7%
As per the report, what is the projected market value for parenteral nutrition products in 2032?
By 2032, the market for parenteral nutrition products is likely to reach US$ 14 Billion
What is the growth outlook for the market for parenteral nutrition in North America?
North America is expected to generate 42% of the global parenteral nutrition market revenue
How opportunistic will the market likely be in the Asia-Pacific?
According to Fact.MR, parenteral nutrition products sales will likely incline at a CAGR of 8% from 2022 to 2032
What is the expected contribution of single dose amino acid parenteral nutrition products?
Single does parenteral nutrition products are forecast to yield 31% of the global market revenue
By how much are parenteral lipid emulsions expected to grow until 2032?
Parenteral lipid emulsions sales are expected to surge at a CAGR of 7%
What is the anticipated market value for parenteral nutrition in 2022?
By 2022-end, Fact.MR expects the parenteral nutrition market to reach US$ 7 Bn
At what CAGR did parenteral nutrition product sales surge from 2015 to 2021?
From 2015 to 2021, parenteral nutrition products demand surged at a CAGR of 6.4%
At what value did the market for parenteral nutrition close in 2021?
As of 2021, the market for parenteral nutrition was valued at US$ 6 Billion, as per Fact.MR
Parenteral Nutrition Market