CHICAGO, Jan. 19, 2023 /PRNewswire/ -- According to Arizton's latest research report, the global parenteral nutrition market will grow at a CAGR of 7% from 2021-2027. The rising concern about nutritional health due to the changing lifestyle of people, and the increasing need for nutritional support to achieve a healthy life, are the major drivers in the parenteral nutrition market. Moreover, the parenteral nutrition market observes huge innovations and advancements to sustain the competitive market. Market vendors are looking for more inorganic growth methods. In 2020, the leading market player Baxter International, well known for its clinical nutrition (including parenteral nutrition solutions), made a joint venture with VIPUN Medical, a pioneer in developing technology. This joint venture help in improving the medical nutrition segment. The company announced the agreement to commercialize the VIPUN gastric monitoring system, which is used for patients who are intolerant to enteral nutrition; Baxter's parenteral nutrition products help ensure the patient gets nutritional needs. Parenteral Nutrition Market
Advances in automated compounds in parenteral nutrition are gaining popularity in pediatric parenteral nutrition. Parenteral nutrition compounding in major hospitals and healthcare settings is now majorly automated using volumetric pump systems. In most US hospitals and healthcare settings, over 65% of hospitals use automated compounding devices. Parenteral nutrition solutions are complex to prepare and prescribe. Thus, several advances regarding automated systems were made in the parenteral nutrition industry.
Automixers is one of the most used automated compound elements in parenteral nutrition. Baxter, one of the leading companies in parenteral nutrition, offers automixers in the parenteral nutrition portfolio. Moreover, the company offers a new product ExactaMix Pro. As the modern pharmacy faces ever-evolving compounding needs, auto mixers give safety, accuracy, and flexibility with a new approach and smart features. Global Parenteral Nutrition Market Report Scope
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Trace elements (TE) used in parenteral nutrition products are becoming popular due to advances and increasing research and development activities. Previously, multi-trace elements were poorly appreciated and not subjected to thorough oversight by the US Food & Drug Administration (FDA). After ASPEN issued the dosage for parenteral nutrition, trace elements witnessed various developments. Various future-oriented research is taking place in the trace element segment. However, more clinical evidence is required to identify TE requirements of patients with unique needs. The increasing need will increase the future demand for trace element-based products. The competitive rivalry in the parenteral nutrition market is tremendously increasing. A broad range of leading national and domestic players are in the market with high competition through product launches, partnerships, collaboration, and joint venture business strategies. Emerging market players are creating high competition with newer formulations and advances in the market. Emerging market players and new start-ups are trying to achieve a solid customer base and market expansion. The presence of emerging market players positively influences the competition in the parenteral nutrition market. The primary competition among market players is due to new product launches and emerging and gold-standard formulations. In parenteral nutrition, trace elements are emerging trends that will create high competition among players. In recent years, clinical nutrition and regulatory authorities announced guidelines for pediatric parenteral nutrition with trace elements, increasing the demand for trace elements-based products in preterm care. The growing research in parenteral nutrition formulations, new products launch, increasing global market expansion, and initiatives by market players will accelerate the significant competition.
North America is dominating the global parenteral nutrition market. The high healthcare expenditure and acceptance of home parenteral and other nutrition therapies across the US anticipate high market growth in the region. In addition, the region's growing geriatric population and high demand for healthcare services are driving up the hospitalization rate, which causes malnutrition, and the demand for parenteral nutrition among a high-targeted population of chronically ill and hospitalized patients. North America keeps making modest progress toward achieving the global nutrition target. The significant burden of malnutrition pushed the region to take a vital step toward the intake of nutrition, which improved the research and development and propelled the market growth in North America. Check Out Some of the Top-Selling Related Research Reports
U.S. Clinical Nutrition Market - Industry Outlook & Forecast 2022-2027: The U.S. clinical nutrition market is expected to grow at a CAGR of 5.49% from 2021 to 2027. The COVID-19 pandemic positively influenced the innovation in targeted and personalized clinical nutrition solutions. On another side, the increasing birth rate and the rising demand for milk-based nutritional support products by infants and toddler gives new aspects for vendors in the U.S. clinical nutrition market. Sports Nutrition Market - Global Outlook & Forecast 2021-2026: The sports nutrition market is expected to reach USD 26.11 billion by 2026. The global sports nutrition market is highly competitive due to the presence of international and domestic players. Extensive R&D investments have led to the introduction of numerous new products in the market. For instance, Glanbia and Lonza have announced a collaboration in 2020 to offer direct-to-direct consumer brand Body&Fit expansion using Lonza's DUOCAP technology and ingredients. The global sports nutriment market is dominated by vendors that have an international presence. Infant Nutrition Market - Global Outlook & Forecast 2021-2026: The global infant nutrition market is estimated to reach USD 106.84 billion by 2026. very infant and child have the right to good nutrition under the Convention on Child's Rights. In recent years, the increasing consumer awareness of health, a better understanding of the health and fitness of their children, and increasing adoption of natural and organic infant nutrition products are the major factors driving the market. First, infant formula has high potential in APAC as the segment accounts for 47.81% of the market share due to increasing health awareness and personalized nutrition for infants. Rapid modernization and rising disposable income are the prominent reasons for the infant nutrition market growth.
Personalized Nutrition Market - Global Outlook and Forecast 2023-2028: The global personalized nutrition market is expected to reach USD 24.08 billion by 2028. Increasing consumer awareness of health, a better understanding of health and fitness, and the increasing adoption of digital healthcare are the major factors that are driving the personalized nutrition market in recent years.
4.1.3 MARKET ESTIMATION CAVEATS
4.3.1 MARKET BY NUTRIENTS
4.3.2 MARKET BY INDICATION
4.3.3 MARKET BY PATIENT GROUP
4.3.4 MARKET BY END-USERS
4.3.5 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
7.1.1 ECONOMIC IMPACT OF MALNUTRITION & GROWTH OF PARENTERAL NUTRITION 9 MARKET OPPORTUNITIES & TRENDS
9.1 ADVANCES IN TRACE ELEMENTS FOR PARENTERAL NUTRITION
9.2 AVAILABILITY OF STANDARDIZED AND COMMERCIAL PARENTERAL NUTRITION SOLUTIONS
9.3 GROWTH IN PREFERENCE FOR HOME PARENTERAL NUTRITION
10 MARKET GROWTH ENABLERS
10.3 INCREASING TARGET PATIENT POPULATION
11.1 PARENTERAL NUTRITION CHALLENGES IN PRETERM INFANTS AND CHILDREN
11.2 AVAILABILITY OF ALTERNATIVE NUTRITION CARE METHODS
11.3 COMPLICATIONS ASSOCIATED WITH PARENTERAL NUTRITION
12.1.1 NUTRIENTS INSIGHTS
12.1.2 PATIENT GROUP INSIGHTS
12.1.3 INDICATION INSIGHTS
12.1.4 END-USERS INSIGHTS
12.1.5 GEOGRAPHY INSIGHTS
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.1.2 MARKET SIZE & FORECAST
15.1.3 MARKET BY GEOGRAPHY
15.2.2 MARKET SIZE & FORECAST
15.2.3 MARKET BY GEOGRAPHY
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.3.2 MARKET SIZE & FORECAST
16.3.3 MARKET BY GEOGRAPHY
16.4 AMBULATORY CARE SETTINGS
16.4.2 MARKET SIZE & FORECAST
16.4.3 MARKET BY GEOGRAPHY
16.5.2 MARKET SIZE & FORECAST
16.5.3 MARKET BY GEOGRAPHY
17.1 MARKET SNAPSHOT & GROWTH ENGINE
18.2 MARKET SIZE & FORECAST
18.3.1 MARKET SIZE & FORECAST
18.4.1 MARKET SIZE & FORECAST
18.5.1 MARKET SIZE & FORECAST
18.6.1 MARKET SIZE & FORECAST
18.7.1 US: MARKET SIZE & FORECAST
18.7.2 CANADA: MARKET SIZE & FORECAST
19.2 MARKET SIZE & FORECAST
19.3.1 MARKET SIZE & FORECAST
19.4.1 MARKET SIZE & FORECAST
19.5.1 MARKET SIZE & FORECAST
19.6.1 MARKET SIZE & FORECAST
19.7.1 CHINA: MARKET SIZE & FORECAST
19.7.2 JAPAN: MARKET SIZE & FORECAST
19.7.3 INDIA: MARKET SIZE & FORECAST 19.7.5 AUSTRALIA: MARKET SIZE & FORECAST
20.2 MARKET SIZE & FORECAST
20.3.1 MARKET SIZE & FORECAST
20.4.1 MARKET SIZE & FORECAST
20.5.1 MARKET SIZE & FORECAST
20.6.1 MARKET SIZE & FORECAST
20.7.1 GERMANY: MARKET SIZE & FORECAST 20.7.2 FRANCE: MARKET SIZE & FORECAST
20.7.3 UK: MARKET SIZE & FORECAST
20.7.4 ITALY: MARKET SIZE & FORECAST 20.7.5 SPAIN: MARKET SIZE & FORECAST
21.2 MARKET SIZE & FORECAST
21.3.1 MARKET SIZE & FORECAST
21.4.1 MARKET SIZE & FORECAST
21.5.1 MARKET SIZE & FORECAST
21.6.1 MARKET SIZE & FORECAST
21.7.1 BRAZIL: MARKET SIZE & FORECAST
21.7.2 MEXICO: MARKET SIZE & FORECAST
21.7.3 ARGENTINA: MARKET SIZE & FORECAST
22.2 MARKET SIZE & FORECAST
22.3.1 MARKET SIZE & FORECAST
22.4.1 MARKET SIZE & FORECAST
22.5.1 MARKET SIZE & FORECAST
22.6.1 MARKET SIZE & FORECAST
22.7.1 TURKEY: MARKET SIZE & FORECAST
22.7.2 SOUTH AFRICA: MARKET SIZE & FORECAST
22.7.3 SAUDI ARABIA: MARKET SIZE & FORECAST
23.1 COMPETITION OVERVIEW
23.2 MARKET SHARE ANALYSIS
23.2.2 B. BRAUN MELSUNGEN
24.5 SICHUAN KELUN PHARMACEUTICAL CO., LTD.
25 OTHER PROMINENT VENDORS
25.5 BML PARENTERAL DRUGS
25.12 OTSUKA PHARMACEUTICAL
26.2 STRATEGIC RECOMMENDATIONS
27.3 MARKET BY INDICATION
27.4 MARKET BY PATIENT GROUP
27.6 NUTRIENTS: MARKET BY GEOGRAPHY
27.6.1 MACRONUTRIENTS: MARKET BY GEOGRAPHY
27.6.2 AUTOMATED COMPOUNDS: MARKET BY GEOGRAPHY
27.6.3 MICRONUTRIENTS: MARKET BY GEOGRAPHY
27.7 INDICATION: MARKET BY GEOGRAPHY
27.7.1 SHORT-TERM: MARKET BY GEOGRAPHY
27.7.2 LONG-TERM: MARKET BY GEOGRAPHY
27.8 PATIENT GROUP: MARKET BY GEOGRAPHY
27.8.1 PEDIATRIC: MARKET BY GEOGRAPHY
27.8.2 ADULT: MARKET BY GEOGRAPHY
27.9 END-USERS: MARKET BY GEOGRAPHY
27.9.1 HOSPITALS: MARKET BY GEOGRAPHY
27.9.2 AMBULATORY CARE CENTERS: MARKET BY GEOGRAPHY
27.9.3 OTHERS: MARKET BY GEOGRAPHY
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