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)

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)

Parenteral Nutrition Bags Market size is set to record 6.8% CAGR between 2024 and 2032, driven by the rising prevalence of chronic diseases, such as cancer and gastrointestinal disorders. According to Pan American Health Organization, in 2023, there were 20 million cancer cases and around 10 million cancer deaths worldwide. With the elderly population prone to malnutrition, there is a rising requirement for parenteral nutrition.

Rapid technological advancements in parenteral feeding bags to increase durability and compatibility with solutions will add to the product demand. Of late, the number of favorable reimbursement policies in some countries has significantly surged. The increasing popularity of home parenteral nutrition is further fueling the market growth, with key players introducing new products and forming partnerships.

The parenteral nutrition bags industry is segmented into type, material, capacity, end-use and region.

Based on type, the market size from the dual chamber bags segment is slated to gain momentum at 6.5% CAGR through 2032, owing to the ability to overcome compatibility issues and maintain stability.

Thesebags allow incompatible nutrients, such as lipids and amino acids, to be stored separately and absorbed, reducing the risk of chemical reactions, and maintaining the strength of the solution. Dual-chamber bags also simplify the preparation procedures and reduce the risk of contamination, providing space and efficiency in clinical settings, improving patient safety and provider efficiency.

Parenteral nutrition bags industry from the hospitals segment is anticipated to observe 6.5% growth rate during 2024-2032, due to the rising prevalence of surgical procedures. Hospitals are major users of parenteral nutrition bags for comprehensive medical care. The increase in advanced healthcare technologies and infrastructure along with the availability of experienced healthcare professionals and supportive reimbursement practices in hospital settings is favoring the segment growth.

North America parenteral nutrition bags industry will grow substantially at 6.5% CAGR between 2024 and 2032. The rise in healthcare infrastructure and high costs, along with new medical technologies have promoted the widespread adoption of parental health insurance. Technological advancements in the design is leading to the manufacturing of banks with focus on aspects, such as increased durability, compatibility with various solutions and improved security measures, including favorable pricing policies. The presence of regulatory frameworks is also stimulating the regional market growth.