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Parenteral Formula Market Trends & Forecast 2024-2034
The global parenteral formula market is set to experience substantial growth, with an estimated valuation of US$ 7.8 billion in 2024. Over the next decade, the market is projected to expand at a CAGR of 6.7%, reaching a market size of US$ 13.5 billion by 2034. This growth is fueled by the increasing prevalence of chronic diseases such as cancer, kidney disorders, and diabetes, which necessitate parenteral nutrition as a vital source of nourishment for patients who cannot consume food orally.
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