Parenteral nutrition is concerned with the maintenance of important nutrition of the body for those who cannot eat or absorb enough food through mouth or tube feeding.
Parenteral nutrition is concerned with the maintenance of important nutrition of the body for those who cannot eat or absorb enough food through mouth or tube feeding. Parenteral nutrition process demand will be driven by the rising prevalence of malnutrition across the globe.
As per the National Health and Nutrition Examination Survey (NHANES), nearly one-third of the population in the U.S. has a deficiency of at least one vitamin or has anemia. There is higher deficiency risk found in underweights, individuals from low-income households, obese individuals, and women. According to a Global Market Insights, Inc., report, global parenteral nutrition market size will surpass US$5.7 billion by 2025. Mentioned below are some factors driving the market outlook.
Demand for child parenteral nutrition
The child parenteral nutrition market share was accounted at nearly US$1.8 billion in 2018 and is likely to experience significant growth with prevailing chronic disorders in infants. Additionally, the surging of pediatric disorders such as leukemia, asthma, tuberculosis, chickenpox, bronchitis, and anemia will further create substantial demand for total parenteral nutrition products.
As per WHO, nearly 45% of deaths among children aged under 5 years are due to undernutrition. Also, people above 65 years of age are more prone to chronic diseases owing to deficiencies of important nutrients in the body. The surging geriatric population and growing trend of malnutrition in children and elderly people will boost the need parenteral nutrition.
Preference for amino acid rich food
The increase in incidences of hepatic insufficiency, renal insufficiency, and protein-energy malnutrition is expected to upsurge demand for amino acid rich foods and parenteral products. Notably, the amino acid market segment in parenteral nutrition market is expected to exceed 3.8% CAGR up to 2025.
The hospital segment accounted for nearly 70% of the market share in the global parenteral nutrition industry. The availability of advanced therapeutic solutions and facilities in hospitals to provide comprehensive parenteral care for patients suffering from chronic medical conditions shall encourage a high preference for hospitals among patients.
To access sample pages of this report titled, “Parenteral Nutrition Market Size By Composition (Amino Acids, Fats, Carbohydrates, Trace Elements, Vitamins, Minerals), By Consumer (Children and New-borns, Adults), By End-use (Hospitals, Clinics, Homecare) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/3216
Requirement of parenteral nutrition in the U.S.
U.S. parenteral nutrition market growth shall be augmented by the increase in awareness about the importance of various healthcare solutions, along with surging chronic conditions and healthcare expenses. With the presence of leading industry firms such as ICU Medical, being led by international pediatric nutrition, the U.S. parenteral nutrition regional market share is projected to grow considerably at 3.3% CAGR up to 2025.
Stringent guidelines for the approval of parenteral nutrition products from several regulatory bodies such as the European Society for Clinical Nutrition and metabolism and FDA may hinder the progression of the parenteral nutrition market to some extent.
Consumption of nutrient-deficient food in India and China
The India parenteral nutrition market was valued at nearly US$199.1 million in 2018. The rise in birth rate along with the increasing elderly population will play an influential role in augmenting industry growth in the region. India and China are the world’s two most populous emerging countries and have significantly achieved progression in socio-economic development across the regions, including a low rate of people suffering from malnutrition.
Contrastingly, the growing trend of consuming nutrients deficient junk food has resulted in rising instances of non-communicable diseases such as hypertension, obesity, diabetes, and other metabolic disorders which will trigger substantial demand for parenteral nutrition for adults. Prominent firms that have a strong presence in the industry are Baxter International, Inc, Aculife Healthcare, Fresenius Kabi, Guangzhou Baiyunshan Mingxing Pharmaceutical Co. Ltd., Grifols International S.A, Guangzhou Green Cross Pharmaceuticals, ICU Medical, and B. Braun Melsungen AG.
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