The parenteral nutrition market analysis predicts that the industry will witness significant growth over the next few years, owing to the rising pool of geriatric population around the world. The elderly individuals are considered to be at a greater risk for nutritional deficiency. Therefore, for correcting the imbalance of nutrition in these individuals, administration of parenteral nutritional components. This trend boosts the development of the parenteral nutrition market. On the other hand, the concerns and risks pertaining to infections by catheters, as well as particulate contamination, may hinder the growth in the parenteral nutrition market in the near future.
However, the increasing usage of the parenteral nutrition products in various applications in the healthcare industry, such as post-surgical cases, burns, renal disorders, is anticipated to foster the growth in the industry in the coming years. Some of the major parenteral nutrition market trends influencing the development trajectory of the industry are the increase in the cases of malnutrition across the globe, predominantly in under-developed as well as developing economies. Shifting lifestyles, poor habits regarding eating, and increase in the rate of poverty in developing regions are also some of the most prominent driving forces, creating a greater influx of consumer demand in the parenteral nutrition market.
The rising prevalence of various chronic diseases, including cancer as well as cardiovascular disorders, is triggering an increased demand for these products across the world. Similarly, the increasing need for hospitalization created by these increasing number of cancer and chronic disease cases is resulting in the rising instances of hospital-acquired infections. This trend is also anticipated to create notable demand in the parenteral nutrition market in the near future.
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Single Dose Amino Acids Dominate the Parenteral Nutrition Market Landscape
The key types of nutrition solutions offered by the leading manufacturers and players functional in the parenteral nutrition market include parenteral liquid emulsions, trace elements, mineral, and electrolytes, carbohydrates, single dose amino acid, and vitamins. Among these, the single dose amino acid products received the highest demand within the parenteral nutrition market over the past couple of years. Furthermore, the same segment is also anticipated to record the highest growth in the parenteral nutrition market in the coming years.
The manufacturers and participants in the parenteral nutrition market provide distinct products and solutions for two major types of consumers, I.e., adults, as well as children. Of these two, the adult consumers segment dominated the landscape of the parenteral nutrition market in the recent past. The studies also predict that the same segment will record considerable growth within the parenteral nutrition market in the next few years. Few of the leading end users for the products in the parenteral nutrition market are clinics, and hospitals, among other healthcare facilities. The largest parenteral nutrition market size can be attributed to hospitals segment in the near future.
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Players in the Parenteral Nutrition Market Focused on Research & Development
The landscape of the parenteral nutrition market is fragmented in nature, with a large number of leading players and manufacturers functional in the global landscape. The parenteral nutrition market key players working in the global marketplace are Fresenius Kabi AG, Drip Hydration, Eurofarma, Farmoterapica, B. Braun Melsungen AG, Baxter, REVIV, and Nestle Health Science, among others. The leading manufacturers and players operational in the parenteral nutrition market are focused on expanding their research and development activities in a bid to gain a competitive edge in the industry.
Furthermore, this also aids the leading industry players, such as Baxter, Pfizer, Inc., and Vifor Pharma, in enhancing and expanding their existing portfolio of products and solutions. Some other major strategies employed by these leading manufacturers and players operational in the parenteral nutrition market also include development of new drug and therapeutic solutions, gaining regulatory approvals for these newly discovered drugs, and expansion of the geographical footprint.