As per the market analysis report titled ‘Parenteral Nutrition Market Size By Composition (Amino Acids, Fats, Carbohydrates, Trace Elements, Vitamins, Minerals), By Consumer (Children and Newborns, Adults), By End-use (Hospitals, Clinics, Homecare), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, global parenteral nutrition market is anticipated to register a considerable growth rate through 2027.

Surging prevalence of premature births, mounting cases of chronic diseases, increasing geriatric population, and rising number of metabolic disorders are some of the major factors influencing the global parenteral nutrition market growth.

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For those unaware, parenteral nutrition involves administering patients with vital life-supporting nutrients through the veins and bypassing the gastrointestinal tract. Apart from this, various companies are focusing on technological innovations to develop innovative and sustainable eye implants, thus contributing towards global surgical eye care industry remuneration.

Global parenteral nutrition market has been bifurcated on the basis of composition type, end-user reach, consumer type, and regional contribution.

Based on composition type, fats segment was valued at USD 986 million in 2020 and is projected to grow at a robust pace over 2021-2027, attributable to the product’s extensive applications and favourable clinical outcomes.

Moving on to consumer type, the adults segment generated revenues worth USD 3,010 million in 2020 and is estimated to grow considerably through 2027 owing to rising incidences of chronic diseases in adults and the increasing geriatric population.

As per the end-user spectrum, global parenteral nutrition market share from homecare segment is expected to exceed a valuation of USD 1,148 million by 2027, owing to the surging prevalence of chronic conditions requiring long-term care and cost-effectiveness as well as high patient convenience associated with homecare settings.

Based on regional landscape, Middle East & Africa market is slated to surpass a valuation of USD 468 million by the end of the review period, owing to increased occurrences of malnutrition and a soaring number of preterm births.

The prominent companies operating in the global parenteral nutrition market are Aculife Healthcare Private Limited, Anhui Medipharm Co. Ltd., Baxter International Inc., Grifols International S.A., ICU Medical Inc., Sichuan Kelun Pharmaceutical Co. Ltd., Amanta Healthcare Ltd., B. Braun Melsungen A.G., Fresenius Kabi A.G., Guangzhou Green Cross Pharmaceutical Co. Ltd., Otsuka Pharmaceutical Co. Ltd., and Xi'an Libang Enterprises.