Morocco Parenteral Nutrition Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.3% in the forecast period of 2021 to 2028 and is expected to reach USD 48.84 million by 2028. High prevalence of malnutrition and the rise in geriatric population in Morocco are the major drivers which propelled the demand of the market in the forecast period.
Parenteral nutrition products features such as increasing need for novel, and advanced products will impact in launching new products by the manufactures into the market, which enhance its demand as well as cost effectiveness of parenteral nutrition market growth. Currently, various research studies are taking place, which is expected to create a competitive advantage for manufacturers to develop new and innovative drugs, which is expected to provide various other opportunities in the parenteral nutrition market. However, lack of awareness about malnutrition and rise in preference for enteral nutrition are expected to restrain the market growth in the forecast period.
The parenteral nutrition market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Morocco Parenteral Nutrition Market Country Level Analysis
The Parenteral nutrition market is analyzed, and market size information is provided on the basis of nutrient composition, delivery route, dosage form, patient type, indications, end user, and distribution channel.
Trace elements segment in Morocco is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of the rise of healthcare infrastructure such as hospitals and clinics for parenteral administration of trace elements to the patient, increased prevalence of malnutrition in children and adults and availed at less cost and strategic initiatives by market players, rise in product launches in the trace elements segment, availability as easy to purchase among other factors.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Competitive Landscape and Parenteral Nutrition Market Share Analysis
Parenteral nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the parenteral nutrition market.
- The major companies which are dealing in the parenteral nutrient are Baxter, Fresenius Kabi AG, Otsuka Holdings Co., Ltd. Pfizer Inc., Hikma Pharmaceuticals PLC, VIFOR PHARMA MANAGEMENT LTD. among others.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the parenteral nutrition market.
For instance,
- In September 2020, Baxter had announced the U.S. F.D.A approval of Clinimix and Clinimix E for Patients Requiring Parenteral Nutrition. The novel clinimix formulations contain up to 80 g/L of amino acids, the highest protein in any multi-chamber bag available in the U.S. The approval received would provide timely treatment of individuals and would be submitted for post-market approval.
- In February 2020, Fresenius Kabi Ag had announced that the Journal of Parenteral and Enteral Nutrition (JPEN) had published the Lipids in Parenteral Nutrition: Translating Guidelines into Clinical Practice”. The publication provides guidance on the use of fish oil-containing lipid emulsions in clinical practice. The ipublication had created awareness about the use of lipid emulsions in parenteral nutrition. It had formed partnerships with market players for the supply of lipid emulsion parenteral administration.
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Morocco Parenteral Nutrition Market Scope and Market Size
The parenteral nutrition market is segmented on the basis of nutrient composition, delivery route, dosage form, patient type, indications, end-user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the Morocco parenteral nutrition market is segmented into trace elements, vitamins, minerals, single dose amino acids, carbohydrates, and lipid emulsions. In 2021, Trace elements will dominate the market because it reduces the symptoms of malnutrition and availability of a wide range of trace elements, in parenteral administration, in different dosage forms.
- On the basis of delivery Route, the Morocco parenteral nutrition is segmented into total parenteral nutrition and peripheral parenteral nutrition. In 2021, the total parenteral nutrition (TPN) segment is expected to dominate the Morocco parenteral nutrition market due to adequate provision of the nutrients in the body and lower dose delivery.
- On the basis of dosage form, the Morocco parenteral nutrition market is segmented bags, bottles, vials, and ampules In 2021, the Bags dosage form dominate the segment because of the safety of the patient while undergoing parenteral administration and its widespread use in hospitals and clinics in Morocco.
- On the basis of patient type, the Morocco parenteral nutrition market is segmented into infants/children and adults. In 2020, the infants/children segment is expected to dominate the Morocco parenteral nutrition market due to the preferred administration of nutrients administered to the human body of the children and ease of liquid nutrient digestion in children.
- On the basis of indications, the Morocco parenteral nutrition market is segmented into cancer treatment, gastrointestinal disorders, malnutrition, and others. In 2021, cancer treatment segment is dominating the market due to the rise in cancer cases in Morocco and the administration of vital parenteral nutrients such as minerals, vitamins, and carbohydrates for cancer treatment. However, parenteral administration is an invasive procedure that is expected to hinder the segment’s growth.
Morocco Parenteral Nutrition Market Report Answers the Following Questions:
- What are the key drivers of the Morocco Parenteral Nutrition Market?
- How is the Morocco Parenteral Nutrition Market segmented by product type?
- What is the current market size of the Morocco Parenteral Nutrition Market?
- What is the projected growth rate of the Morocco Parenteral Nutrition Market in the next five years?
- Who are the major players in the Morocco Parenteral Nutrition Market and what is their market share?
- What are the major distribution channels for the Morocco Parenteral Nutrition Market?
- What are the key trends in the Morocco Parenteral Nutrition Market?
- How does the Morocco Parenteral Nutrition Market differ from regional markets?
- How is the Morocco Parenteral Nutrition Market affected by government regulations and policies?
- What are the current and future opportunities in the Morocco Parenteral Nutrition Market?
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