The most recent report on the “Parenteral Nutrition Market Report 2023 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2030” published by We Markets includes a thorough analysis of the industry’s size, geographic distribution, and revenue projections. The research also highlights market expansion tactics used by top firms in the “Parenteral Nutrition Market” as well as obstacles preventing market growth.
Parenteral nutrition market was worth USD 6,400 million in 2022 and is anticipated to amplify at a CAGR of 6.0% over 2023-2033
The world’s rapidly ageing population, high rate of preterm births, and supportive government measures to increase nutritional knowledge are the main drivers of this market’s expansion. Additionally, the market dynamics are being positively influenced by the rising prevalence of chronic diseases and metabolic disorders, global malnutrition, and the increased use of home healthcare.
The Global Parenteral Nutrition Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries examines and assesses the market potential of the global parenteral nutrition sector by providing statistical data on market dynamics, growth factors, significant challenges, PEST analysis, market entry strategy Analysis, opportunities, and forecasts.
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Global Parenteral Nutrition : Segmentations
By composition
- Amino Acids
- Fats
- Carbohydrates
- Trace Elements
- Vitamins
- Minerals
- Others
By Consumer
- Children and newborns
- Adult
By End Use
- Hospitals
- Clinics
- Homecare
- Others
Parental Nutrition Market- Geographical landscape
In terms of geographical ambit, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the major benefactors to the growth of this business sphere. Among these, North America captured a market share of 41% in 2021 and is anticipated to showcase similar amplification trends over the forecast period. This is attributable to increasing research expenditure in healthcare sector, rising prevalence of chronic ailments, and favorable reimbursement policies & regulations in the region.
Further, Asia Pacific is expected to register substantial CAGR over the stipulated timeline owing to rising chronic disease rate driven by unhealthy eating habits, escalating demand for cost effective treatment, population expansion and low cognizance about nutrition.
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Due to the COVID-19 pandemic’s disruption of the global healthcare system and supply chains, the parenteral nutrition has been significantly impacted. As elective procedures were put off and hospital admissions dropped as a result of the lockdowns and limitations put in place to stop the virus’ transmission, there was a dip in the demand for parenteral feeding supplies. A rise in hospital admissions and surgeries, however, has caused a recent recovery in the market for parenteral feeding supplies. The release of the COVID-19 vaccine and the relaxation of regulations in some nations have also helped the market to rebound. Manufacturers and suppliers have been using a variety of measures to help the Parenteral Nutrition recover.
Frequently Asked Questions About This Report
- How big is the Parenteral Nutrition?
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- How has the Covid-19 pandemic affected the Parenteral Nutrition?
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- What is the leading deployment segment in the Parenteral Nutrition?
- Which enterprise segment accounted for the largest revenue share in the Market?
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