Parenteral Nutrition Bags Market – By Type (Single-chamber, Dual-chamber, Multi-chamber), Material (Polyvinyl Chloride (PVC), Ethylene Vinyl Acetate (EVA)), Capacity, End-use (Pharmaceutical companies, Hospitals), Global Forecast (2024 – 2032)
Report ID: GMI8791
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Published Date: April 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 10
Tables & Figures: 258
Countries covered: 19
Pages: 145
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Parenteral Nutrition Bags Market Size
Parenteral Nutrition Bags Market size was valued at USD 749.6 million in 2023 and is expected to grow at a CAGR of 6.8% between 2024 and 2032, driven by increasing prevalence of chronic diseases such as cancer, gastrointestinal disorders, and malnutrition, which require parenteral nutrition for patients unable to receive adequate nutrition orally. This drives the demand for parenteral nutrition products, in turn fuelling the demand for parenteral nutrition bags.
Additionally, the rising geriatric population, who are more prone to such diseases and malnutrition, is further contributing to the rising demand of parenteral nutrition solutions. Moreover, technological advancements in the design and materials used in these bags are also contributing to market expansion, as they improve the safety and efficacy of parenteral nutrition delivery. Furthermore, the growing awareness among healthcare professionals about the benefits of parenteral nutrition in patient care is driving the adoption of these products, further boosting the overall market size.
Parenteral nutrition bags are sterile, specialized containers used to deliver a balanced mix of nutrients, including carbohydrates, proteins, fats, vitamins, and minerals, directly into a patient's bloodstream. These bags are designed to be compatible with intravenous (IV) administration systems and are typically made from a durable, flexible material that can withstand the pressures associated with IV infusion.
Parenteral Nutrition Bags Market Trends
Parenteral Nutrition Bags Market Analysis
Based on type, the global market is segmented into single-chamber bags, dual-chamber bags, and multi-chambered bags. The single-chamber bags segment dominated the market with revenue of USD 400.4 million in 2023.
Based on material, the global parenteral nutrition bags market is segmented into polyvinyl chloride (PVC), ethylene vinyl acetate (EVA), polypropylene (PP), and other materials. The polyvinyl chloride (PVC) segment held a dominant market share of 35.3% in 2023.
Based on capacity, the global parenteral nutrition bags market is classified into 50 - 150 ml, 150 - 500 ml, 500 – 1,500 ml, 1,500 – 3,500 ml, and other capacities. The 150 - 500 ml segment is expected to reach USD 452 million by 2032.
Based on end-use, the parenteral nutrition bags market is classified into pharmaceutical companies, hospitals, and pharmacies & compounding service providers. The pharmaceutical company’s segment is expected to grow at a CAGR of 7.1% between 2024 - 2032.
In 2023, Asia Pacific region held a market share of 31.7% in the global parenteral nutrition bags market and is expected to reach USD 436.4 million by 2032.
Parenteral Nutrition Bags Market Share
The global market is characterized by the presence of established players offering a wide range of products. Key players compete on factors such as product efficacy, safety profile, pricing, materials used, distribution networks, and brand reputation. Continuous focus on innovation, strategic partnerships, and mergers and acquisitions are common strategies employed to gain a competitive edge in this market.
Parenteral Nutrition Bags Market Companies
Prominent players operating in the global parenteral nutrition bags market are as mentioned below:
Parenteral Nutrition Bags Industry News:
The parenteral nutrition bags market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Type
Market, By Material
Market, By Capacity
Market, By End-use
The above information is provided for the following regions and countries: