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Type: PDF
Status: Syndicate
Categories: Biotechnology
Report Code : BT23
No. of Pages : 150
TNF inhibitors are biological medicines extricated from human or animal tissue, most commonly used to avoid inflammation and the development of disease, by subduing of the inflammatory substance, in the body. It is majorly used for the therapy of number of inflammatory diseases such as rheumatoid arthritis, psoriasis and inflammatory bowel disease. The growth of the parenteral nutrition market is projected to be influenced by various factors.
The global parenteral nutrition market in 2023 was approximately USD 6,020 Million. The market is expected to grow at a CAGR of 5.45% and is anticipated to reach around USD 9,160 Million by 2030. These factors for the market comprise growing disposable income, increased spending on healthcare, new nutrient type launches, rising geriatric population, growing prevalence of autoimmune disorders, and growth in the awareness level of people about these drugs
Nutrition market is projected to be influenced by various factors. In addition, there has been an inclination amongst consumers towards the adoption of cost-effective drugs with improved safety and effectiveness is likely to boost the demand for Parenteral Nutrition in the years to come. But, the availability of substitutes in market acts as constraint for the market growth.
The market for parenteral nutrition is intensely competitive and is highly fragmented. The vendors in the biodegradable mulch film market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Baxter International, Hospira, B. Braun Melsungen, Grifols International, Fresenius Kabi, Otsuka Pharmaceutical Factory, Actavis, Sichuan Kelun Pharmaceutical and others.
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