Parenteral Nutrition Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Parenteral Nutrition Market Size accounted for USD 6,231 Million in 2021 and is estimated to achieve a market size of USD 10,306 Million by 2030 growing at a CAGR of 5.9% from 2022 to 2030. The rising frequency of childhood malnutrition is likely to drive the worldwide parenteral nutrition market growth. Furthermore, the growing number of government programs focusing on medical nutrition is expected to drive growth in the worldwide parenteral nutrition market value over the next few years.

Parenteral Nutrition Market Report Key Highlights

• Global parenteral nutrition market revenue is expected to increase by USD 10,306 million by 2030, with a 5.9% CAGR from 2022 to 2030
• North America region led with more than 39% of parenteral nutrition market share in 2021
• Asia-Pacific parenteral nutrition market growth will observe strongest CAGR from 2022 to 2030
• By nutrient type, the single dose amino acid solution segment has accounted market share of over 33% in 2021
• By consumer, adult segment engaged more than 58% of the total market share in 2021
• Increasing prevalence of metabolic illnesses, fuels the parenteral nutrition market size

Parenteral nutrition provides liquid nutrients such as lipids, proteins, minerals, carbs, vitamins, and electrolytes. It is a type of specialist medical nutrition therapy in which individuals that are unable to use their intestinal tract receive proper nutrition. It aids in the prevention of malnutrition as well as the maintenance of hydration, energy, as well as strength levels. As a result, it is commonly utilized among cancer, ischemic bowel disease, short bowel syndrome, Crohn's disease, and abnormal gut function patients.

Global Parenteral Nutrition Market Trends

Market Drivers

• Increasing prevalence of metabolic illnesses and other chronic conditions
• Rapidly expanding malnutrition across the globe
• Growth in the geriatric population
• Increasing rate of pre-mature birth & birth rate

Market Restraints

• Lack of clinical evidence to support innovative technology
• Inadequate awareness in undeveloped nations

Market Opportunities

• Increasing the number of product launches or clearances
• Increasing adoption of home healthcare in developed regions

Parenteral Nutrition Market Report Coverage

The presence of a large number of malnourished children, high natality rate around the globe, increasing premature births, rising occurrence of cancer, which requires administration of vital nutrients to increase hydration, energy, and strength of cancer patients, and rising adoption by healthcare settings for the administration of nutrients in chronically ill geriatric patients are driving the market.

Malnutrition is one of the major drivers in the parenteral nutrition market. As per UNICEF, poor nutrition in infants in their initial 1,000 days may lead to impaired cognitive ability and stunted growth. An infant’s diet must contain a proper balance of vitamins, minerals, amino acids, starch, and lipids. These vital nutrients can be administered via parenteral nutrition, which is estimated to propel market growth.

Imbuement of lipid emulsions conveys high vitality supply, encourages the aversion of high glucose mixture rates, and is vital for the supply of basic unsaturated fats. Extension of the parenteral lipid emulsions section is because of its potential advantages to use as a medication conveyance vehicle. For example, the organization of lipid emulsions goes about as fundamental medication transporters, which results in decreased agony, aggravation, and anticipation of thrombophlebitis. Additionally, lipid emulsions containing a blend of medium and long-chain triglycerides (MCT/LCT) have ended up being exceedingly viable in basically sick patients. This blend of lipid emulsion does not hamper the working of the liver and causes an insignificant obstruction with aspiratory hemodynamics. As per the Society of Critical Care Medicine, 5.7 million patients are admitted to the emergency unit in the U.S. consistently. A large portion of these incorporates basically sick patients who need an abnormal state of intense consideration. Therefore, the rising number of basically sick patients is probably going to support the lipid emulsions section during the estimated time frame.

High commonness and ascend in the frequency rate of endless illnesses over the globe is a key factors driving the worldwide parenteral nourishment market. The ascent in malignant growth, AIDS, diabetes, Crohn's illness, gastrointestinal clutter, and short gut disorder cases have likewise fuelled the utilization of parenteral nourishment as of late. Consequently, the high predominance and considerable ascent in the occurrence rate of perpetual sicknesses over the globe is a key factor driving the worldwide parenteral nourishment market.

Parenteral Nutrition Market Segmentation

The global parenteral nutrition market segmentation is based on nutrient type, consumer, end-use, and geography.

Parenteral Nutrition Market By Nutrient Type

• Carbohydrates
• Trace Elements
• Single Dose Amino Acid Solution
• Parenteral Lipid Emulsion
• Vitamins & Minerals

According to a parenteral nutrition industry analysis, the single-dose amino acid solution segment held the biggest market share in 2021. This is due to a rise in the use of amino acid solutions, which is associated with a rise in the intake of regulatory-approved remedies. Furthermore, newly accessible amino acid solutions have fewer adverse effects, increasing patient advantages. Since mixed amino acid solutions contain both essential & non-essential amino acid residues, the conventional component serves as full parenteral for general biological functioning.

Parenteral Nutrition Market By Consumer

• Children and Newborns
• Adult

In terms of customers, the children and infants category is predicted to increase significantly in the market over the next few years. This growth is due to rising rates of premature birth in poor countries, rising child malnutrition, and other factors. Premature births are more common in emerging economies such as India, Indonesia, Nigeria, and the Philippines. Furthermore, the increasing frequency of chronic disorders such as congenital heart defects cystic fibrosis, and cerebral palsy, among others, has generated chances for important market competitors to engage.

Parenteral Nutrition Market By End-use

• Hospitals
• Homecare
• Clinics
• Others

According to the parenteral nutrition market forecast, the homecare end-use segment would increase rapidly in the industry over the next several years. The growing older population, increased patient desire for home-based care, growing desire for cost-effective medical care, and other factors are driving this growth.

Parenteral Nutrition Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)