Parenteral Nutrition Market Trends, Growth, and Forecast
The Global Parenteral Nutrition Market is expected to grow at a high CAGR during the forecast period (2024-2031).
The Parenteral Nutrition market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Parenteral nutrition (PN) is a medical treatment that provides essential nutrients directly into the bloodstream, bypassing the digestive system. It is used when a patient cannot eat or absorb nutrients through their gastrointestinal tract due to conditions such as gastrointestinal diseases, severe pancreatitis, or after surgeries. PN typically contains a mixture of glucose, amino acids, lipids, vitamins, minerals, and electrolytes, tailored to meet the individual's nutritional needs. It is administered through an intravenous (IV) line, and the therapy can be short-term or long-term, depending on the patient's condition.
Forecast Growth Projected:
The Global Parenteral Nutrition Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Parenteral Nutrition Market:
Sichuan Kelun Pharmaceutical Co., Ltd., Allergan plc (Actavis plc), Fresenius Kabi AG, Grifols S.A., Baxter International, Inc., Claris Lifesciences Limited, B. Braun Melsungen AG, Pfizer, Inc
Industry Development:
Product Shortages: The American Society for Parenteral and Enteral Nutrition (ASPEN) has been working closely with the FDA, pharmaceutical manufacturers, and other healthcare organizations to tackle ongoing shortages of PN components. Their efforts include offering resources to manage these shortages and maintaining effective communication to find resolutions.
Safety and Quality Enhancements: Recent research has identified key areas where the safety and quality of parenteral nutrition (PN) can be improved. The first priority in the nutrition care process is to identify patients who are malnourished or at risk of malnutrition and ensure they receive the necessary nutritional interventions.
Research Methodology
Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.
Segment Covered in the Parenteral Nutrition Market:
By Type: Amino Acids, Trace elements, Parenteral Lipid Emulsions, Vitamins, Electrolytes & Minerals
By End User: Hospital, Clinics, Homecare, Others
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