Report Overview
Indian Parenteral Nutrition Products Market size was valued at USD XX Million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of XX% from 2019 to 2028.
Parenteral nutrition is an intravenous administration of vital nutrition. These nutrients are protein, fat, carbohydrate, electrolytes, minerals, vitamins, and other crucial trace elements. Increasing number of geriatric population, and need for administering vital nutrients to maintain hydration levels, energy, and strength of patients is one of the key factors driving market growth. Parenteral Nutrition Products contain prebiotics & probiotics which focuses mainly on aging population. The factors that are propelling the Parenteral Nutrition Products growth of the market are the increasing prevalence of metabolic disorders, high spending on healthcare, and the rise of the middle class in the emerging economies.
Market Drivers
The major factors that are driving the growth of this market are rising incidences of illness, increasing metabolic disorders, premature birth and aging health conscious population, soaring demand for adequate nutrients due to the changing life style is also contributing to the advancement of the market. Above this, increasing number of people suffering from chronic conditions such as cancer and diabetes coupled with growing geriatric population base will drive market over the forecast timeframe. Rising incidences of chronic diseases have stimulated growth in clinical nutrition prescriptions as patients suffering from such conditions are deprived of few essential nutrients. Beside this various govt. initiatives like celebration of National Nutrition Month, Ministry of AYUSH has suggested immunity promoting recipes etc. are booming the major influencer of market growth in India.
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