The global Parenteral Nutrition Market, a vital segment in the healthcare industry, is on a robust growth trajectory. The market recorded sales of USD 5,720.6 million in 2022, and it experienced a notable year-on-year growth of 6.2% in 2023. This growth momentum is expected to continue, with the market projected to achieve revenue of USD 6,452.0 million in 2024. Over the forecast period from 2024 to 2034, the industry is anticipated to expand at a CAGR of 6.8%, reaching an impressive USD 12,456.8 million by the end of 2034.
The rising prevalence of chronic diseases such as cancer, diabetes, and gastrointestinal disorders is a key driver behind this market expansion. Patients with these conditions often require parenteral feeding due to their inability to intake nutrition orally or through enteral routes, thus necessitating parenteral nutrition to maintain their nutritional status.
Improvements in medical technology and healthcare infrastructure are also fueling the industry’s growth. Innovations in parenteral nutrition formulations, packaging, and delivery systems have significantly enhanced the efficacy and convenience of these products, making them more suitable for both hospital and homecare settings.
Key Takeaways from Market Study
- The global Parenteral Nutrition market is estimated at a value of USD 6,452.0 million in 2024.
- Sales of Parenteral Nutrition increased at 6.2 % CAGR between 2019 and 2023.
- B. Braun SE, Fresenius Kabi USA, LLC., Baxter International Inc., ICU Medical, Inc., Option Care Health Inc., Grifols, S.A., Otsuka Pharmaceutical Co., Ltd., Aculife, Sichuan Kelun Pharmaceutical Co., ltd., and Meiji Seika Pharma Co., Ltd. are some of the leading players in this business.
- The North American territory is projected to hold a revenue share of 34.1 % over the forecast period
- The industry is projected to grow at a forecast CAGR of 6.8 % from 2024 to 2034.
“Parenteral nutrition continues to play a crucial role in the clinical management of patients who are unable to meet their nutritional needs through enteral routes. As the healthcare landscape evolves, advancements in parenteral formulations, combined with an increasing prevalence of chronic conditions, are driving significant growth in this market. This press release highlights the latest trends, market dynamics, and innovations that are shaping the future of parenteral nutrition globally.” says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape
Baxter International, Fresenius Kabi, and B Braun lead the market with their diverse product portfolios and strong global distribution networks. These companies invest heavily in R&D to create innovative products that meet evolving healthcare needs.
Manufacturers are also boosting sales through strategic partnerships and collaborations with hospitals, clinics, and research institutions. These partnerships, including clinical trials with academic institutions, help validate new products and drive adoption.
For instance,
- In 2023, American Regent launched FDA-approved Potassium Phosphates Injection USP for IV phosphorus supplementation.
- In 2022, Fresenius Kabi introduced SMOFlipid® Lipid Injectable Emulsion for pediatric patients in the US, the first four-oil lipid emulsion approved for all age groups.
Leading Brands
- B. Braun SE
- Fresenius Kabi USA, LLC.
- Baxter International Inc.
- ICU Medical, Inc.
- Option Care Health Inc.
- Grifols, S.A.
- Otsuka Pharmaceutical Co., Ltd.
- Aculife
- Sichuan Kelun Pharmaceutical Co., ltd.
- Meiji Seika Pharma Co., Ltd.
- Energia Wellbeing Pvt. Ltd.
- Ezen Pharma Inc.
- Claris Lifesciences Ltd.
- JW Pharmaceutical Corporation
- Ferrero Healthcare
- Others
Complete Report and Findings: https://www.futuremarketinsights.com/reports/parenteral-nutrition-market
Key Segments of the Report
By Nutrient Type:
As per nutrient type, the industry has been categorized into Single-dose amino acids (Standard and Disease-Specific), carbohydrates, Lipids, and Additives (Vitamins and minerals, Trace Elements, and Organic Phosphates).
By Consumer Type:
This segment is further categorized into Pediatrics, Adults, and Geriatrics.
By Route of Delivery:
As per the route of delivery, the industry has been categorized into Total parenteral nutrition (TPN), and Peripheral parenteral nutrition (PPN).
By Sales Channel:
This segment is further categorized into Institutional Sales (Hospitals, Clinics, Long-Term Care Centres, and Home Care Agencies), and Retail Sales (Retail Pharmacies, Compounding Pharmacies, Online Pharmacies, and Manufacturer Websites).
By Indication:
As per the indication, the industry has been categorized into Neurological Diseases, GI Disorders, Malnutrition, Alzheimer’s, Cancer Care, Chronic Kidney Diseases, Dysphagia, and Others.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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