Parenteral Nutrition Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Parenteral Nutrition Market Analysis

During the time frame of the forecast, the parenteral nutrition market is expected to grow at a CAGR of 7.7%.

The COVID-19 pandemic positively impacted the parenteral nutrition market. Parenteral nutrition plays a major role in treating COVID-19 infection-related malnutrition in patients across the globe. In 2020, the European Society for Clinical Nutrition and Metabolism established a guideline relating to the nutritional management of people infected with the SARS-CoV-2 infection. These guidelines stated that there is an urgent need for nutrition for people suffering from COVID-19 to increase their immunity, which boosted the demand for parenteral nutrition in European countries. The COVID-19 infection resulted in a severe lack of appetite, as well as other symptoms, which led to an increase in loss of muscle mass and deterioration of immune defenses. Hence, clinics and hospitals were focusing more on the provision of nutrition at the point of care. Such developments increased patient demand for and adoption of intravenous nutrition administration.Hence, the COVID-19 pandemic had a significant impact on market growth.

The main things that are driving market growth are the rise in early births, the rise in chronic diseases, and the rise in malnutrition in low- to middle-income countries.

Malnutrition includes not getting enough minerals or vitamins, being undernourished, being overweight or obese, and having a non-communicable disease that is caused by a bad diet. As per the UNICEF data published in July 2022, the prevalence of undernourishment jumped from 8.0% to 9.3% from 2019 to 2020 and rose at a slower pace in 2021 to 9.8%. Additionally, 39 million children under the age of five are overweight, 149 million have stunted growth and development as a result of a chronic lack of nutrient-rich food in their diets, and 45 million suffer from wasting.Hence, the huge burden of underweight children is likely to propel the demand for clinical nutrition and boost market growth in the coming years.

Furthermore, the high rate of premature births contributes to market growth. As per the WHO update of 2021, the rate of preterm birth ranged from 5% to 18% of babies born across 184 countries in 2021. More than 60% of preterm births occurred in Africa and South Asia in the same year and are becoming a global problem. The same source stated that in low-income countries, on average, 12% of babies are born too early, compared to 9% in high-income countries. The 10 countries with the greatest number of preterm births in 2021 include India (9,519,100), China (1,172,300), Nigeria (773,600), Pakistan (748,100), Indonesia (675,700), the United States of America (517,400), Bangladesh (424,100), the Philippines (348,900), the Democratic Republic of the Congo (341,400), and Brazil (279,300). Hence, with the high number of preterm births in various countries, the demand for parenteral nutrition is expected to rise.

But in some developing countries, people don't know much about parenteral nutrition, which slows the growth of the market.

Parenteral Nutrition Market Trends

This section covers the major market trends shaping the Parenteral Nutrition Market according to our research experts:

The Hospital Segment is Expected to Hold a Major Market Share in the Parenteral Nutrition Market

Parenteral Nutrition Industry Segmentation

As per the scope of this report, parenteral nutrition, sometimes called total parenteral nutrition (TPN), is the intravenous administration of nutrition, which may include vitamins, minerals electrolytes, fat, carbohydrate, protein, and other trace elements for those who cannot eat or absorb enough food by tube feeding formula or by mouth to remain healthy. The Parenteral Nutrition Market is Segmented by Nutrition Type (Carbohydrates, Parenteral Lipid Emulsion, Single Dose Amino Acid Solution, Trace Elements, Others), Patient Type (Newborn, Children, and Adults), End-user (Hospitals, Clinics, Homecare, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.