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Parenteral Nutrition Market to 2017 - Home Care Sector to Witness Strong Market Growth
Parenteral Nutrition Market to 2017 - Home Care Sector to Witness Strong Market Growth
The report analyzes the markets for parenteral nutrition in the US, the top five countries in Europe (the UK, Germany, France, Italy and Spain) and Japan.
London,
London,
United Kingdom
(prbd.net)
21/04/2011
GBI Research has found that the global parenteral nutrition (PN) market has been one of the fastest growing markets in the pharmaceutical industry and it is forecast to grow at a healthy rate in the future as well. The increase in the incidence of diseases that require PN as nutritional support along with the rise in the elderly population will be the major factors driving the market in the top seven countries (the US, Japan, the UK, Spain, Italy Germany and France).
In 2010, the global PN market was estimated to be worth $2,700m, representing a Compound Annual Growth Rate (CAGR) of 5.3% between 2002 and 2010. The market is forecast to reach $4,537m by 2017, indicating a CAGR of 7.7% between 2010 and 2017. The primary reasons for the high growth rate are the increase in the incidence of diseases that require PN as nutritional support such as cancer, acquired immunodeficiency syndrome (AIDS) and gastrointestinal (GI) disorders plus a rise in the elderly population.
The global PN market offers a broad portfolio of products. These include single dose amino acid solutions, lipid emulsions, carbohydrates, vitamins, minerals, trace elements, electrolytes, and ‘all in one’ multi-chamber bags (MCBs). The latter contains all the essential nutrients in 2- or 3-chamber bags and is advantageous over other products as the MCB technology reduces the preparation time, medication errors and risk of contamination. These advantages will drive the sales of MCBs in the future and therefore contribute largely to the growth of the global PN market.
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The current global PN market is significantly consolidated as the top four players control 94.8% of the market. Baxter International Inc is the current market leader with a 28% market share in 2009. Fresenius Kabi follows with a 26.7% market share. B. Braun occupies the third position with a 23.4% market share. Hospira is the fourth largest player accounting for 16.7% of the total PN market respectively in 2009.
However, the market shares of the top players are expected to witness changes in the future as Hospira has been suffering product shortages in recent years. This will create opportunities for the other top companies, with Baxter and B. Braun likely to show positive growth.
GBI Research, the leading business intelligence provider, has released its latest research, “Parenteral Nutrition Market to 2017 - Home Care Sector to Witness Strong Market Growth”. It provides in-depth analysis of the market size and drivers and barriers that affect the global parenteral nutrition market. The report analyzes the markets for parenteral nutrition in the US, the top five countries in Europe (the UK, Germany, France, Italy and Spain) and Japan. Sales value is forecast up to 2017 for key geographies. Further, the report provides competitive benchmarking for the leading companies and analyzes the mergers and acquisitions (M&A) and licensing agreements that shape the global markets.
The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
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