South & Central America Parenteral Nutrition Market Forecast to 2030
South & Central America Parenteral Nutrition Market Forecast to 2030 – Regional Analysis – by Nutrient Type (Single Dose Amino Acid Solution, Parenteral Lipid Emulsion, Carbohydrates, Trace Elements, and Vitamins and Minerals) and End User (Hospitals, Clinics, and Others)
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Description
Improved Healthcare Infrastructure Fuels South & Central America Parenteral Nutrition Market
With over 19,000 hospitals in the region, Latin America provides a wide range of healthcare options. As of 2023, there will be 6,642 more hospitals in Brazil than there are in the US. Investments in healthcare infrastructure and the expansion of healthcare facilities in the South & Central America region present opportunities for the development and distribution of parenteral nutrition products and services.
Additionally, malnutrition affects 74% of severely ill hospitalized patients in Latin America. In order to fight patient malnutrition in Latin America and around the world, Fresenius Kabi is dedicated to advancing research and providing funds. Under the ‘United for Clinical Nutrition’ project, which aims to strengthen clinical research in Latin America, the company has provided research grants totaling US$ 106,630 (100,000) since 2018.
In 2023, Healthcare practitioners applied for the third Parenteral Nutrition Research Grant Latin America to fund clinical nutrition research initiatives. The award is valid for two years. It seeks to support serious research in parenteral nutrition therapy, help solve the problem of malnourished critically ill patients in Latin America and provide funds to support additional research that will support appropriate parenteral nutrition.
South & Central America Parenteral Nutrition Market Overview
The incidence of neurological disorders has been correlated with the aging population in Brazil. According to the World Health Organization and the Brazilian Institute of Geography and Statistics, by 2040, the geriatric population in Brazil (aged above 60 years) will reach ~55 million. In the coming years, the rising geriatric population is anticipated to increase the incidence of chronic neurological disorders, which is likely to propel the demand for parenteral nutrition. Thus, the growing incidence of diabetes, cancer, and other chronic diseases drives the parenteral nutrition market in Brazil. This factor is likely to increase the demand for parenteral nutrition in treating patients.
South & Central America Parenteral Nutrition Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Parenteral Nutrition Market Segmentation
The South & Central America parenteral nutrition market is segmented based on nutrient type, end user, and country. Based on nutrient type, the South & Central America parenteral nutrition market is categorized into single dose amino acid solution, parenteral lipid emulsion, carbohydrates, trace elements, and vitamins and minerals. The single dose amino acid solution segment held the largest market share in 2022.
By end user, the South & Central America parenteral nutrition market is segmented into hospitals, clinics, and others. The hospitals segment held the largest market share in 2022.
Based on country, the South & Central America parenteral nutrition market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America parenteral nutrition market share in 2022.
ICU Medical Inc, Grifols SA, Pfizer Inc, Otsuka Pharmaceuticals Co Ltd, Baxter International Inc, B Braun SE, Fresenius Kabi AG, Aculife Healthcare Pvt Ltd, and Vifor Pharma Management AG are some of the leading players operating in the South & Central America parenteral nutrition market.
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According to the Research Team’ research, the South & Central America parenteral nutrition market was valued at US$ 360.63 million in 2022 and is expected to reach US$ 597.42 million by 2030, registering a CAGR of 6.5% from 2022 to 2030. Innovation in formulations of nutrition products and innovation in formulations of nutrition products are among the critical factors attributed to the South & Central America parenteral nutrition market expansion.
There is a surge in the demand for products that help consumers proactively manage their health, especially those focused on specific needs in terms of energy levels, immunity, and disease treatment. Nutritional requirements differ based on the type of illness. Functionality and specific formulations of the parenteral products do not interfere with the existing treatment provided to patients and help deliver a more precise and enhanced treatment as per the requirement. The macronutrient and micronutrient formulations of parenteral nutrition and their applications vary based on the type of disease, including cancer and gastrointestinal diseases.
Significant developments in Innovative formulations bring in a new era of nutritional solutions that are designed to meet all individual demands as well as the medical conditions of each patient. This level of personalization improves patient outcomes in addition to increasing the effectiveness of parenteral nutrition. Formulation innovations enable the market to fully meet the unique nutritional needs of different patients, from newborns and older adults to people with certain medical conditions. For example, the emergence of lipid-based emulsions with improved stability and bioavailability is changing the face of intravenous nourishment, especially for the treatment of premature infants. Additionally, the inherent risks of problems and side effects that have traditionally been connected to conventional nutritional solutions are reduced because of these formulation innovations. The industry is positioned for exceptional growth and long-term success because of its dual benefits of promoting the adoption of parenteral nutrition within the healthcare ecosystem and improving patient care. Thus, innovation in the formulations of nutrition products is anticipated to create opportunities for the market growth during the forecast period. Thus, the innovation in formulations of nutrition products act as future growth trends in the parenteral medical nutrition market.
On the contrary, mechanical, gastrointestinal, and metabolic complications associated with parenteral feeding systems hampers the growth of South & Central America parenteral nutrition market.
Based on nutrient type, the South & Central America parenteral nutrition market is categorized into single dose amino acid solution, parenteral lipid emulsion, carbohydrates, trace elements, and vitamins and minerals. The single dose amino acid solution segment held 33.2% market share in 2022, amassing US$ 119.73 million. It is projected to garner US$ 196.85 million by 2030 to register 6.4% CAGR during 2022-2030.
In terms of end user, the South & Central America parenteral nutrition market is segmented into hospitals, clinics, and others. The hospitals segment held 59.7% share of South & Central America parenteral nutrition market in 2022, amassing US$ 215.17 million. It is projected to garner US$ 349.04 million by 2030 to expand at 6.2% CAGR during 2022-2030.
Based on country, the South & Central America parenteral nutrition market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 55.7% share of South & Central America parenteral nutrition market in 2022. It was assessed at US$ 211.59 million in 2022 and is likely to hit US$ 360.95 million by 2030, exhibiting a CAGR of 6.9% during 2022-2030.
Key players operating in the South & Central America parenteral nutrition market are ICU Medical Inc, Grifols SA, Pfizer Inc, Otsuka Pharmaceuticals Co Ltd, Baxter International Inc, B Braun SE, Fresenius Kabi AG, Aculife Healthcare Pvt Ltd, and Vifor Pharma Management AG, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America parenteral nutrition market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America parenteral nutrition market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Parenteral Nutrition Market – Key Industry Dynamics
4.1 Market Drivers
4.1.1 Rise in Prevalence of Gastrointestinal Diseases
4.1.2 Surge in Cases of Malnutrition and Premature Births
4.2 Market Restraints
4.2.1 Mechanical, Gastrointestinal, and Metabolic Complications Associated with Parenteral Feeding Systems
4.3 Market Opportunities
4.3.1 Improved Healthcare Infrastructure in South & Central America
4.4 Future Trends
4.4.1 Innovation in Formulations of Nutrition Products
4.5 Impact Analysis
5. Parenteral Nutrition Market – South & Central America Market Analysis
5.1 Overview
5.2 Parenteral Nutrition Market Revenue (US$ Mn), 2020 – 2030
6. South & Central America Parenteral Nutrition Market Analysis – by Nutrient Type
6.1 Overview
6.2 Single Dose Amino Acid Solution
6.2.1 Overview
6.2.2 Single Dose Amino Acid Solution: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
6.3 Parenteral Lipid Emulsion
6.3.1 Overview
6.3.2 Parenteral Lipid Emulsion: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Carbohydrates
6.4.1 Overview
6.4.2 Carbohydrates: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Trace Elements
6.5.1 Overview
6.5.2 Trace Elements: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
6.6 Vitamins and Minerals
6.6.1 Overview
6.6.2 Vitamins and Minerals: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Parenteral Nutrition Market Analysis – by End User
7.1 Overview
7.2 Hospitals
7.2.1 Overview
7.2.2 Hospitals: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Clinics
7.3.1 Overview
7.3.2 Clinics: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Parenteral Nutrition Market – Country Analysis
8.1 South & Central America
8.1.1 South & Central America: Parenteral Nutrition Market – Revenue and Forecast Analysis – by Country
8.1.1.1 Brazil: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.1.1 Overview
8.1.1.1.2 Brazil: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.1.3 Brazil: Parenteral Nutrition Market Breakdown, by Nutrient Type
8.1.1.1.4 Brazil: Parenteral Nutrition Market Breakdown, by End User
8.1.1.2 Argentina: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.2.1 Overview
8.1.1.2.2 Argentina: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.2.3 Argentina: Parenteral Nutrition Market Breakdown, by Nutrient Type
8.1.1.2.4 Argentina: Parenteral Nutrition Market Breakdown, by End User
8.1.1.3 Rest of South & Central America: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.3.1 Overview
8.1.1.3.2 Rest of South & Central America: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.3.3 Rest of South & Central America: Parenteral Nutrition Market Breakdown, by Nutrient Type
8.1.1.3.4 Rest of South & Central America: Parenteral Nutrition Market Breakdown, by End User
9. Industry Landscape
9.1 Overview
9.1.1 Overview
10. Company Profiles
10.1 ICU Medical Inc
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Grifols SA
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Pfizer Inc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Otsuka Pharmaceuticals Co Ltd
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Baxter International Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 B Braun SE
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Fresenius Kabi AG
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Vifor Pharma Management AG
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Aculife Healthcare Pvt Ltd
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About The the Reporting Teams
11.2 Glossary of Terms
Table 1. Parenteral Nutrition Market Segmentation
Table 2. Brazil: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million) – by Nutrient Type
Table 3. Brazil: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million) – by End User
Table 4. Argentina: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million) – by Nutrient Type
Table 5. Argentina: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million) – by End User
Table 6. Rest of South & Central America: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million) – by Nutrient Type
Table 7. Rest of South & Central America: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million) – by End User
Table 8. Recent Organic Growth Strategies in the Parenteral Nutrition Market
Table 9. Glossary of Terms, Parenteral Nutrition Market
Figure 1. Parenteral Nutrition Market Segmentation, By Country
Figure 2. Parenteral Nutrition Market: Key Industry Dynamics
Figure 3. Parenteral Nutrition Market: Impact Analysis of Drivers and Restraints
Figure 4. Parenteral Nutrition Market Revenue (US$ Mn), 2020 – 2030
Figure 5. Parenteral Nutrition Market Share (%) – by Nutrient Type (2022 and 2030)
Figure 6. Single Dose Amino Acid Solution: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Parenteral Lipid Emulsion: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Carbohydrates: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Trace Elements: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Vitamins and Minerals: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Parenteral Nutrition Market Share (%) – by End User (2022 and 2030)
Figure 12. Hospitals: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Clinics: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: Parenteral Nutrition Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. South & Central America: Parenteral Nutrition Market, By Key Country – Revenue (2022) (US$ Million)
Figure 16. South & Central America: Parenteral Nutrition Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 17. Brazil: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million)
Figure 18. Argentina: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million)
Figure 19. Rest of South & Central America: Parenteral Nutrition Market – Revenue and Forecast to 2030(US$ Million)
The List of Companies – South & Central America Parenteral Nutrition Market
1. ICU Medical Inc
2. Grifols SA
3. Pfizer Inc
4. Otsuka Pharmaceuticals Co Ltd
5. Baxter International Inc
6. B Braun SE
7. Fresenius Kabi AG
8. Aculife Healthcare Pvt Ltd
9. Vifor Pharma Management AG
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