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Parenteral Nutrition Bags Market to be Worth $1.25 Billion by 2031
Meticulous Research®—a leading market research company, published a research report titled, Parenteral Nutrition Bags Market by Chamber Type (Single-Chamber Bags, Dual-Chamber Bags, Multi-Chambered Bags), Consumer (Adults, Children), End User (Healthcare Facilities, Pharmacies & Compounding Service Providers) – Global Forecast to 2031.'Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5792?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=22-03-2024
According to this latest publication from Meticulous Research®, the parenteral nutrition bags market is projected to reach $1.25 billion by 2031, at a CAGR of 6.6% from 2024 to 2031. The growth of the parenteral nutrition bags market is driven by the growing prevalence of chronic and infectious diseases, the rising global prevalence of malnutrition, the large number of premature births, and the increasing incidence of metabolic disorders. Furthermore, the growing adoption of home healthcare, the rising global geriatric population, and emerging economies are expected to generate growth opportunities for the stakeholders in this market.
However, concerns over the infection risks associated with parenteral nutrition restrain the growth of this market. The lack of awareness regarding parenteral nutrition in developing countries is a major challenge impacting the growth of the parenteral nutrition bags market.
Key Players:
The key players profiled in the parenteral nutrition bags market report are B. Braun SE (Germany), Baxter International, Inc. (U.S.), Fresenius Kabi AG (Germany), GVS S,p.A. (Italy), Grifols, S.A. (Spain), Technolflex (France), RENOLIT Healthcare (Germany), Valmed s.r.l (Italy), HEMEDIS GmbH (Germany), INFRA Srl (Italy), Beijing L&Z Medical Technology Development Co., Ltd.(China), Boen Healthcare Co., Ltd. (China), AdvaCare Pharma (U.S.), and Diffuplast S.r.l. (Italy).
TOP 10 COMPANIES IN PARENTERAL NUTRITION BAGS MARKET >> https://meticulousblog.org/top-10-companies-in-parenteral-nutrition-bags-market/?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=22-03-2024
The parenteral nutrition bags market is segmented by Chamber Type (Single-chamber Parenteral Nutrition Bags, Dual-chamber Parenteral Nutrition Bags, and Multi-chambered Parenteral Nutrition Bags), Consumer (Adults and Children), End User (Healthcare Facilities and Pharmacies & Compounding Service Providers), and Geography. The study also evaluates industry competitors and analyzes the regional markets.
Among all chamber types studied in the report, in 2024, the single-chamber parenteral nutrition bags segment is expected to account for the largest share of the market. Single-chamber parenteral nutrition bags contain a single compartment to allow the mixing of electrolytes, amino acid solutions, lipids, vitamins, carbohydrates, and trace elements. The large share of the segment is attributed to the wide availability of single-chamber empty bags, high rate of prescription for single-chamber nutrition bags, decreased risk of infection, less prescription & administration errors, and cost-effectiveness as compared to dual or multi-chambered bags.
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Among all consumers studied in the report, in 2024, the adults segment is expected to account for the largest share of the market. The large share of the segment is attributed to the increasing prevalence of gastrointestinal disorders among adults, the rising number of surgeries, the rising rate of hospitalization, the growth in geriatric population, and the rising prevalence of cancer. According to GLOBOCAN, the incidence of all types of cancer in the age group of 35 years to 54 years is expected to increase by 19.1% in North America, 12,3% in Asia, and 21.5% in Latin America and the Caribbean by 2045. In the case of cancer, patients undergoing chemotherapy or surgery require total parenteral nutrition to meet the patient’s nutritional needs, thereby supporting the market growth.
Among all end users studied in the report, in 2024, the healthcare facilities segment is expected to account for the largest share of the market. The large share of the segment is attributed to a large number of patients visiting hospitals and clinics for disease diagnosis and treatment, a growing disease burden, an associated rise in the rates of prescription for parenteral nutrition, and the presence of advanced compounding equipment in hospital-associated compounding pharmacies.
Among all geographies studied in the report, in 2024, North America is expected to account for the largest share of the market. The large share of this segment is attributed to factors such as the growing demand for parenteral nutrition due to the prevalence of chronic & infectious diseases, the rising number of premature births, and the growing adoption of home healthcare settings.
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