The body receives nutrients from parenteral nourishment, including sugar, carbs, proteins, fats, electrolytes, and trace elements. These nutrients are essential for preserving high levels of strength, hydration, and energy.
Data Bridge Market Research analyzes that the parenteral nutrition market which was USD 6.3 billion in 2021, would rocket up to USD 9.38 billion by 2029, and is expected to undergo a CAGR of 5.10% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The global parenteral nutrition market is a rapidly growing industry that is driven by the increasing demand for specialized nutrition solutions for patients who are unable to consume food by mouth. Parenteral nutrition, also known as intravenous (IV) nutrition, is a form of nutrition that is delivered directly into the bloodstream through an IV. This type of nutrition is used for patients who are unable to consume food by mouth, such as those who are critically ill, have cancer, or have undergone surgery.
The market for parenteral nutrition is driven by several factors, including the growing aging population and the increasing incidence of chronic diseases. The aging population is at a higher risk of developing chronic diseases, such as cancer and diabetes, which can lead to malnutrition and the need for specialized nutrition solutions. Additionally, the increasing incidence of chronic diseases, such as obesity and diabetes, is also driving the demand for parenteral nutrition.
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Another major driver of the parenteral nutrition market is the increasing use of home-based nutrition therapy. With the advancements in technology, patients are now able to receive parenteral nutrition at home, which is more convenient and cost-effective. This has led to an increase in the demand for home-based parenteral nutrition solutions.
The global parenteral nutrition market is segmented into different types, including peripheral parenteral nutrition (PPN) and total parenteral nutrition (TPN). PPN is a form of nutrition that is delivered through a peripheral vein, such as in the arm, and is used for patients who have a functional gastrointestinal tract. TPN is a form of nutrition that is delivered through a central vein, such as in the chest, and is used for patients who have a non-functioning gastrointestinal tract.
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The global parenteral nutrition market is also segmented by application, including oncology, diabetes, gastrointestinal disorders, and others. Oncology is the largest application segment of the market, as cancer patients are at a higher risk of malnutrition and require specialized nutrition solutions. Diabetes and gastrointestinal disorders are also significant application segments of the market.
The global parenteral nutrition market is highly competitive, with many large and small players vying for market share. Some of the major players in the market include B. Braun Melsungen AG, Fresenius Kabi AG, Baxter International Inc., and Danone Nutricia. These companies have a strong presence in the market and offer a wide range of parenteral nutrition solutions to meet the diverse needs of patients.
In conclusion, the global parenteral nutrition market is a rapidly growing industry that is driven by the increasing demand for specialized nutrition solutions for patients who are unable to consume food by mouth. With the growing aging population and the increasing incidence of chronic diseases, the demand for parenteral nutrition is expected to continue to rise in the coming years. The market is also benefiting from the advancements in technology that has allowed home-based nutrition therapy, making it more convenient and cost-effective.
Global Parenteral Nutrition Market Report Answers the Following Questions:
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What is the current size and growth rate of the global parenteral nutrition market?
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What are the major drivers of the global parenteral nutrition market?
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What are the major trends in the global parenteral nutrition market?
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Who are the key players in the global parenteral nutrition market?
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What is the market segmentation of the global parenteral nutrition market by product type?
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What is the market segmentation of the global parenteral nutrition market by end-user?
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What is the market segmentation of the global parenteral nutrition market by region?
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What are the major challenges faced by the global parenteral nutrition market?
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What are the opportunities for new players in the global parenteral nutrition market?
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What is the future outlook for the global parenteral nutrition market?
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