Large Volume Parenteral Market Size Growing at 6.50% CAGR through 2027 | Market Key Players, Growth, Revenue and Forecast

The latest research study "Large Volume Parenteral (LVP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds the global large volume parenteral (LVP) market reached a value of US$ 8.58 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.9 Billion by 2027, exhibiting a CAGR of 6.50% during 2022-2027.

Industry Definition and Application:

A large volume parenteral (LVP) refers to the single-dose injection packaged in a glass bottle or a flexible container of more than 100ml capacity after sterilization via heat. It is injected through the skin or other external boundary tissue to directly administrate the active drug substances into the blood vessels, tissues, lesions, etc. A large volume parenteral generally consists of a water-miscible or non-aqueous vehicle, active ingredient, and added substances, such as antioxidants, buffers, preservatives, surfactants, antimicrobial agents, tonicity adjusters, etc. Some of the commonly available LVPs include irrigating solutions, peritoneal dialysis, blood derivatives, drug premixes, contrast agents, etc.

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What are the major drivers for the large volume parenteral (LVP) market?

The widespread product adoption in administering essential nutrients to patients undergoing treatment for gastrointestinal (GI) diseases, esophageal obstruction, cancer, ulcer, etc., is primarily driving the large volume parenteral market. Additionally, the growing prevalence of non-communicable diseases, such as hypertension, diabetes, obesity, and other metabolic disorders is augmenting the demand for LVPs that are a mixture of dextrose, amino acids, lipids, added electrolytes, trace metals, vitamins, etc. This, in turn, is further catalyzing the market growth.

Besides this, the rising utilization of large volume parenteral in heart surgery for preventing ischemic injury to the myocardium during reperfusion and the blood flow supply restriction is acting as another significant growth-inducing factor. Moreover, the inflating need for fast, safe, and effective methods of drug administration among individuals enduring surgical interventions is anticipated to fuel the large volume parenteral market over the forecasted period.

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Report Segmentation:

The report has segmented the market on the basis of region, type, volume, application and end users.

Breakup by Type:
• Soft Bag LVP
• Plastic Bottle LVP
• Glass Bottle LVP

Breakup by Volume:
• 100 ML - 250 ML
• 250 ML - 500 ML
• 500 ML - 1000 ML
• 1000 ML - 2000 ML
• 2000 ML and More

Breakup by Application:
• Therapeutic Injections
• Fluid Balance Injections
• Nutritious Injections

Breakup by End Users:
• Hospitals
• Clinics
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Major Key Players:
• Albert David Ltd.
• B. Braun Melsungen AG
• Fresenius Kabi AG
• Grifols S.A
• Otsuka Pharmaceutical Co. Ltd
• Pharmaceutical Solutions Industry Ltd.
• Baxter International Inc.
• BML Parenteral Drugs
• Sichuan Kelun Pharmaceutical Co. Ltd.
• Thermo Fisher Scientific Inc.

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This release was published on openPR.