Parenteral Nutrition Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Parenteral Nutrition Market size is estimated to be valued at USD 2,437.2 million in 2021 and is `poised to grow at a significant CAGR of 7.4% over 2022-2028. Parenteral nutrition is a method of feeding liquid nutrients such as carbs, proteins, lipids, vitamins, minerals, electrolytes, vitamins, and proteins to persons who have a tube inserted into their stomach or small intestine. With more than 30.5% market share, the amino acid solution segment was the most popular. This is due to a rise in the use of amino acid solutions, which is linked to a rise in the number of regulatory-approved solutions. Amino acid solutions for parenteral nutrition are enriched in branched-chain amino acids and low in aromatic amino acids. amino acid solutions for parenteral nutrition provide the nine essential amino acids (histidine, isoleucine, leucine, lysine, methionine, phenylalanine, threonine, tryptophan, and valine) in amounts varying between 38 and 57% of total amino acids. Commonly used amino acid mixtures also provide nonessential amino acids comprising 43–62% of total amino acids which is essential for the body of the patent. Furthermore, freshly accessible amino acid solutions have fewer adverse effects, which improves patient outcomes. players are focusing on launching new products to maintain growth in the market for instance In 2018, Fresenius Kabi AG has launched mofKabiven extra Nitrogen, a three-chamber bag with a special protein-energy ratio, in Europe. The rising prevalence of malnutrition, chronic diseases, growing natality rate, and increasing premature births are among the primary factors catalyzing the demand for Parenteral Nutrition around the world.

Recent Market Developments:

In July, 2017, Baxter International, Inc., has acquired Claris Injectables Limited, which was a wholly-owned subsidiary of Claris Lifesciences Limited.