Report Overview

The global parenteral nutrition market size stood at around USD 5.84 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The high prevalence of chronic diseases and the multiplication of cancers are few of the key factors responsible for the growing demand for parenteral nourishment. Rising birth rates and premature births, as well as the scarcity of essential nutrients in premature infants and new-borns, are expected to fuel adoption rates across regions especially in developing countries of Africa and Asia. Getting adequate parenteral nutrition on time can help fight complications and be an essential part of patient recovery.



Market Drivers

Growing initiatives by government and non-government organizations, such as the National Association of Nutrition Professionals, the American Association, the American Society for Parenteral and Enteral Nutrition, and many others, are raising awareness about diet. The increase in the geriatric population is expected to lead growth in the parental nutrition industry. The improvement of the health infrastructure, the development, and expansion of the hospital sector and the presence of major players in the industry. However, the lack of awareness and side effects associated may hinder the growth of the market.