The Europe accounted for the second largest market share after North America. Presence of medical reimbursement facilities and technological advancements in the region are considered to be the key factors driving the dominance of North America in global parenteral nutrition market.

Pune, India -- (SBWire) -- 09/05/2018 --A new research report published by Infinium Global Research identified that the global parenteral nutrition market is set to grow due to growing prevalence of chronic diseases such as bowel cancer, and colorectal cancer among others; and increasing incidences of malnutrition in the near future.

Government initiatives in emerging markets and economic development in emerging markets of Asia, Latin America and Africa to augment the healthcare expenditure per capita, and novel combinations of parenteral nutrition are expected to bring new opportunities. The global market size of parenteral nutrition was USD 4.86 billion in 2016 and it is projected to reach to 7.62 billion growing at a CAGR of 6.7% between 2017 and 2023. 

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North America accounted for the largest market for parenteral nutrition over the past couple years with market share over 41%. The Europe accounted for the second largest market share after North America.  Presence of medical reimbursement facilities and technological advancements in the region are considered to be the key factors driving the dominance of North America in global parenteral nutrition market. The Asia-Pacific region is anticipated to grow at a CAGR of. The growth of Asia pacific parenteral nutrition market is considered to be driven by rapidly increasing per capita healthcare expenditure and higher focus on research in parenteral nutrition by key players across the region. Developing economies in Asia pacific such as India and China are likely to bring more opportunities for major player over the forecast period.

Increasing cases of malnutrition are likely to provide opportunities for the key players in the world.

Malnutrition is one of the major issues in the major countries in the world. Several underdeveloped, and developing countries have a significant number of children suffering from malnutrition. Children under the age of 5 are more vulnerable and face stunting and nutrition deficiency in majority of these countries.  The governments of several countries now have taken initiative to eradicate malnutrition among the children. Since 1990 the global prevalence of stunting has decreased with an average annual rate of reduction of 2.1% per year during this period. The number of stunted children under-five years of age in the world has declined from an estimated 253 million (241, 265 million) in 1990 to 165 million (151, 179 million).

Major Key Players mentioned in this Premium Report

The report provides profiles of the companies in the global parenteral nutrition market such as, Fresenius Kabi, SichuanKelun Pharmaceutical Co., Ltd., Grifols International S.A., Claris LifeSciences Ltd., B. Braun Melsungen AG, Hospira, Inc., and Baxter International, Inc.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global parenteral nutrition market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of parenteral nutrition market.

Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the parenteral nutrition market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the parenteral nutrition market to understand the present and future trends in this market and formulate their strategies accordingly.