Transparency Market Research Announced Report Title "Parenteral Nutrition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" And Its Full Database.
Albany, NY -- (SBWIRE) -- 08/27/2015 -- Parenteral nutrition is a method of feeding a person intravenously who is unable to take dietary supplements through mouth. Parenteral nutrition comprises almost all kinds of nutrients that are required for body to stay healthy. During parenteral nutrition food is administered as a fluid in the vein of patient that bypasses the gastrointestinal tract. Sick people, premature baby and geriatric people mostly require parenteral nutrition procedure for feeding. Few side effects of parenteral nutrition includes mouth sores, poor night vision, skin changes, stomach pain, difficulty breathing, swelling of the hands, feet or legs and changes in heartbeat.
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As mentioned above premature baby and geriatric population are the prime users of parenteral nutrition procedure. Thus, increasing incidences of premature born baby and growing geriatric population demand the growth of parenteral nutrition treatment market. For instance, globally, the average age of first time mothers is increasing, especially in developed countries such as the U.S., England, France, Germany, Italy and Japan. Amongst the major factors responsible for advancing maternal age are financial stability, rising literacy rates and social factors. The risk of premature born baby is directly related to the rise in maternal age. Thus, this rise in average maternal age is likely to result in increased incidences of premature born babies, leading to an increased demand for parenteral nutrition treatment. Moreover, rising prevalence of various chronic diseases such as gastrointestinal disorder, acquired immune deficiency syndrome and cancer would also accentuate the global market demand of parenteral nutrition treatment.
Geriatric population is growing at a rapid pace across the world and these people are at high risk for treating with parenteral nutrition. The U.S. Census Bureau stated that the fastest growing segment of the U.S. population is geriatric groups. According to World Health Organization (WHO) estimates, the global geriatric population would increase from 524 million in 2010 to around 2 billion by 2050. Moreover, the global geriatric population would grow at the fastest rate in developed countries such as the U.S., the U.K. and Japan. However, side effects associated with parenteral nutrition treatment procedure is considered as a crucial factor which would restrict the global market demand of parenteral nutrition treatment.
North America dominates the global market for parenteral nutrition treatment due to growing demand of parenteral nutrition treatment this region. Moreover, increasing awareness among people and initiative taken by the federal government also accounted for the market growth in North American region. Europe represents the second position in the global parenteral nutrition treatment market due to the presence of large geriatric population base in European region. Asia-Pacific is considered as an untapped market due to lack of proper healthcare facilities in some Asian countries. Asian market growth will be fuelled by the presence of untapped opportunities due to extensive increase in the healthcare infrastructure (healthcare cost, healthcare facility and healthcare budget). Similarly, Asia-Pacific is considered as an emerging market due to growing market penetration in this region. Rest of the World (RoW) holds fourth position in the global parenteral nutrition treatment market due to poor economic and health condition in most of the African countries.
Various key players contributing the global market share of parenteral nutrition treatment includes Terumo Corporation, Baxter International Inc., Fresenius Kabi AG, Hospira, Inc., Otsuka Pharmaceutical Factory Inc., B. Braun Melsungen AG and among others.
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