Parenteral Nutrition Market To Witness Massive Growth By 2030
Parenteral Nutrition Market Summary The global parenteral nutrition market size was estimated at USD 7.11 billion in 2023 and is projected to reach USD 10.68 billion by 2030, growing at a CAGR of 6.01% from 2024 to 2030. Development of technically advanced parenteral nutrition (PN) products with barcode assistance, growing preference for PN over enteral nutrition in COVID-19 patients, shorter hospital stays, and the reduced risk of infection are some of the factors boosting the product demand, thereby driving the market growth. Increasing prevalence of chronic diseases and malnutrition cases worldwide further contributes to the need for safe and efficient nutritional support solutions. According to the ASPEN20 Virtual Conference, providing appropriate nutrition to adults with COVID-19 remained a priority for optimizing outcomes. This included overcoming various challenges amid the pandemic, such as a shortage of PN products due to a disrupted supply chain. The experie...