Parenteral Nutrition Bags Market to be Worth $1.25 Billion by 2031


Posted April 25, 2024 by maddyharshu

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 emergence of home healthcare has enabled patients to receive hospital-like care in their homes. Home healthcare has also proved to be a cheaper, safer, and more effective alternative to traditional hospital care, mainly for patients at risk of complications from inpatient care and hospital-acquired infections. The use of parenteral nutrition bags makes it easy for patients to receive the required nourishment and nutrition in the comfort of their homes and is cost-effective as well. These advantages of home care have led many countries, such as the U.S., the U.K., Canada, Australia, and Israel, to implement government policies promoting homecare health services. For instance, every regional and metropolitan hospital in Victoria, Australia, has a hospital-athome program, with nearly 6% of all hospital bed days provided through the program.

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.'
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).
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 analy¬¬¬¬¬¬¬¬¬zes 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.
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.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5792
Key questions answered in the report-
• Which are the high-growth market segments in terms of parenteral nutrition bags by chamber type, consumer, end user, and geography?
• What was the historical market for parenteral nutrition bags across the globe?
• What are the market forecasts and estimates for the period 2024–2031?
• What are the major drivers, restraints, opportunities, and challenges in the parenteral nutrition bags market?
• Who are the major players operating in the parenteral nutrition bags market?
• What is the competitive landscape, and who are the leaders in the parenteral nutrition bags market?
• What are the recent developments in the parenteral nutrition bags market?
• What are the different strategies adopted by the major players in the parenteral nutrition bags market?
• What are the geographical trends and high-growth regions?
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Issued By Harshita Madhale
Country United States
Categories Health , Research
Tags parenteral nutrition bags market , intravenous feeding , iv fluids
Last Updated April 25, 2024