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What Are the Key Factors Driving Parenteral Nutrition Market Size and Growth?
The parenteral nutrition market size has grown steadily in recent years. It will grow from $6.77 billion in 2024 to $7.09 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to rising disposable income and urbanization, a growing obese population, and the increasing popularity of noninvasive and minimally invasive aesthetic procedures.
The parenteral nutrition market size is expected to see strong growth in the next few years. It will grow to $8.96 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to the increasing elderly population, rapid urbanization and rise in disposable income, and increase in mergers and acquisitions. Major trends in the forecast period include product innovations, the use of artificial intelligence in aesthetics, the development of focal radio frequency technology, the use of laser-assisted liposuction, and partnerships and collaborations.
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Who Are the Major Contributors to the Parenteral Nutrition Market Growth?
The growing prevalence of malnutrition across the globe is driving the growth of the parenteral nutrition market. Malnutrition refers to deficiencies, excesses, or imbalances in a person’s intake of energy or nutrients. Premature births, which result in immune dysfunction and inadequate nutrition, have increased the demand for and use of parenteral nutrition among children and infants. For example, in May 2023, according to United Nations International Children's Emergency Fund, a US-based organization, nearly half of all deaths in children under 5 are attributable to undernutrition, undernutrition puts children at greater risk of dying from common infections, increases the frequency and severity of such infections, and delays recovery. Hence, the growing prevalence of malnutrition across the globe is expected to boost demand for parenteral nutrition during the forecast period.
How Is the Parenteral Nutrition Market Divided by Type and Application?
The parenteral nutrition market covered in this report is segmented –
1) By Composition: Amino Acids, Fats, Carbohydrates, Trace Elements, Vitamins, Minerals, Other Compositions
2) By Consumer Type: Children and New-born, Adults
3) By End-User: Hospitals, Clinics, Homecare, Other End Users
Subsegments:
1) By Amino Acids: Essential Amino Acids, Non-Essential Amino Acids, Specialized Amino Acid Solutions
2) By Fats: Lipid Emulsions (Soybean Oil, Olive Oil, etc.), Fish Oil-Based Lipid Emulsions, Medium-Chain Triglycerides (MCTs)
3) By Carbohydrates: Dextrose Solutions, Maltodextrin, Fructose
4) By Trace Elements: Zinc, Copper, Selenium, Manganese
5) By Vitamins: Water-Soluble Vitamins (B-complex, Vitamin C), Fat-Soluble Vitamins (A, D, E, K)
6) By Minerals: Electrolytes (Sodium, Potassium, Calcium, Magnesium), Phosphorus
7) By Other Compositions: Antioxidants, Additives, Specialty Nutrients
What Are the Significant Trends in the Parenteral Nutrition Market Across Regions?
Product innovation is a major trend in the parental nutrition market. Companies in the parental nutrition market are introducing innovative products, such as four-oil lipid injectable emulsion, to expand the parenteral nutrition portfolio. For instance, in March 2022, Fresenius Kabi, a Germany-based pharmaceutical company, received approval from the United States Food and Drug Administration (US FDA) for SMOFlipid lipid injectable emulsion for pediatric parenteral nutrition, including term and preterm neonates. The SMOFlipid lipid injectable emulsion is the first and only four-oil lipid injectable emulsion that contains soybean oil, medium-chain triglycerides, olive oil, and fish oil, a good source of omega-3 fatty acids. It can be used from the hospital to the home care setting.
Who Are the Emerging Players in the Parenteral Nutrition Market?
Major companies operating in the parenteral nutrition market include Fresenius Kabi, Baxter International Inc., B. Braun Melsungen AG, ICU Medical, Inc., Grifols, S.A., Otsuka Pharmaceutical Co., Ltd., Claris Lifesciences Limited, Sichuan Kelun Pharmaceutical Co., Ltd., JW Pharmaceuticals, Meiji Holdings Co., Ltd., Aculife Healthcare Pvt. Ltd., Aspen Pharmacare, Fresenius SE & Co. KGaA, Ajinomoto Co., Inc., Braun Medical Inc., Laboratoires Aguettant, AnazaoHealth Corporation, Baxter Healthcare Corporation, BioScrip, Inc., Sichuan Pharmaceutical Co., United Pharmaceuticals, HOPES Pharmaceuticals, Braun Medical Ltd, Calea UK
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How Is Regional Performance Expected to Affect Parenteral Nutrition Market Growth?
North America was the largest region in the parenteral nutrition market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parenteral nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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