Global Parenteral Nutrition Market

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  • Report ID : 154

  • Region: Worldwide
  • Country: NA
  • Type: Common Disease Area

Global Parenteral Nutrition Market: Segmented by Composition (Amino Acids, Fats, Carbohydrates, Trace Elements, Vitamins, Minerals), by Consumer (Children and New-borns, Adults), by End-use (Hospitals, Clinics, Homecare) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2028.

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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.

1. Global Rheumatoid Arthritis Biologics Market Overview………………………………
A. Market Size
2. Market Growth Drivers……………………………………………………..……………….
A. Rising Geriatric Population
B. Rising Prevalence of Rheumatoid Arthritis
C. High Cost of Biologics
D. Favorable Reimbursement Policies
3. Porter’s Five Forces Analysis………………………………………………………………
A. Threat of New Entrants
B. Bargaining Power of Buyers/Consumers
C. Bargaining Power of Suppliers
D. Threat of Substitute Products
E. Intensity of Competitive Rivalry
4. Rheumatoid Arthritis Biologics Market Segmentation……………..…………………..
A. By MOA
I. B-Cell Inhibitors
II. Interleukin Inhibitors
III. Selective Co-stimulation Modulator
IV. Tumor necrosis factor inhibitors (TNF-Inhibitors)
B. By Product
I. Biologic
II. Non- Biologic
C. By Distribution Channel
I. Hospital Pharmacy
II. Retail Pharmacy
III. Online Pharmacy
D. By Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Latin America, Middle-East and Africa Market Analysis
5. Rheumatoid Arthritis Biologics Major Products Market Share……………………
A. Market Analysis, Insights and Forecast to 2028
6. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………….
A. Abbott Laboratories Company overview, Product & Services, Strategies & Financials
B. Amgen Company overview, Product & Services, Strategies & Financials
C. Bristol-Myers Squibb Company profile, Product & Services, Strategies & Financials
8. Potential Growth Opportunities………………………………………………..…………
A. Advancements in Drug Development
B. Untapped Markets in Developing Economies
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Trends and Recent Developments in Rheumatoid Arthritis Biologics Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Consumer:

Parenteral nutrition is a feasible option for adult and child patients without functional gastrointestinal tract or disorders requiring complete bowel rest that include certain stages of ulcerative colitis, intestinal obstruction, along with short bowel syndrome resulting from surgery. Severely ill people are often at an increased risk of malnutrition. Acute and chronic illness, trauma and inflammation induced stress-related catabolism, and drug-induced adverse effects may reduce appetite or increase nausea and vomiting especially in children. The prescribed levels of specific nutrients provided for the adult receiving parenteral nutrition should be based on a formal nutritional assessment recommended by healthcare professionals. Nutritional requirements should include disease specific needs based on patient type, that is adults, children and new born babies and factors to be considered include medical condition, nutritional status together with fluid restrictions and organ function

Infants and children are likely to suffer from biochemical essential fatty acid deficiency within a week or two, if administered with a fat-free diet. Premature infants have a number of unique characteristics that affect the application and safety of parenteral nutrition. The consequences of malnutrition are extreme, critical and diverse, and can severely affect all organs in the body. Failure to provide adequate nutrition leads to ill health, which can lead to immune dysfunction, tangled physiological function and delayed wound healing especially in adult patients

By Composition:

Amino acids composition segment in the parenteral nutrition market valued at around USD 1.75 billion in 2018 owing to increase in cases of hepatic insufficiency and renal insufficiency globally. Deficiency of protein diet is common in critically ill patients, that leads to occurrence of protein-energy malnutrition diseases and fat loss. In such cases patients are treated with amino acid rich parenteral products. Thus, spurring the growth of parenteral nutrition products

With rising acceptance rate in developing nations, the vitamin-based parenteral nutrition is predicted to show a reasonable growth. With the increasing prevalence of appetite conditions in millennials such as anorexia and inadequate digestion will foster the demand for vitamin based parenteral nutrition products

By Region:

North America market ruled the general market in 2018, inferable from the nearness of high research consumption by government offices and private substances in the human services segment, mechanically propelled medicinal gadgets, and coordinated efforts among administrative experts, restorative gadget industry, and colleges. In addition, the rising event of a few perpetual ailments, the presence of cutting edge social insurance offices, just as good repayment strategies have prompted an expansion in the emergency clinic confirmation that is foreseen to support the use rates in this district

The parenteral nourishment market in the Asia Pacific is anticipated to grow at an outstanding CAGR amid the figure time frame. The high pervasiveness of unending kidney issue in exceptionally populated nations, for example, China and India, quick improvement in social insurance framework, increment in access to medicinal services offices and ascend in per capita human services use in the area are probably going to fuel the market in the Asia Pacific amid the figure time frame. The extensive base of pharmaceutical organizations in nations, for example, India, Japan, and China likewise drive the market in the locale. Rising economies and extension of pharmaceutical markets in nations, for example, China, India, Indonesia, Singapore, Taiwan, and Thailand are relied upon to move the market in the Asia Pacific. Rising instances of preterm birth, which prompts unhealthiness, is a key reason fuelling the utilization of parenteral sustenance in the Asia Pacific

Asia Pacific is the fastest growing region in global the market due to the presence of a huge patient population, continuously developing economies like India and China, and presence of huge opportunity in the market. Moreover, favourable government policies and increasing healthcare expenditures fuels the market growth within the region

On the other hand, the Middle East & Africa holds the least share in the global osteoarthritis market due to presence of poor economy, especially, in African region. Majority of the market of this region is held by the Middle East due to the well-developed healthcare sector and huge healthcare expenditure by the presence of economies like Kuwait, Saudi Arabia, Dubai and Qatar.

Key Industry Players

The leading companies in the parenteral nutrition market includes B. Braun Melsungen AG, Otsuka Pharmaceutical Factory Inc., Baxter International Inc., Allergan plc. (Actavis plc.), Grifols S.A.,Pfizer Inc., Sichuan Kelun Pharmaceutical Co. Ltd., Claris Lifesciences Limited, Fresenius SE & Co. KGaA, and others.

Otsuka Pharmaceutical Factory Inc. delivers various parenteral nutrition products including Celemin, Celepid MCT-LCT, TNA/TNA-Peri, Celemix, and Elemun to the leading hospitals and clinics.

 

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.