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Small Volume Parenteral Market: By Size, Shar, CAGR, Trends And Growth Forecast To 2033
Small Volume Parenteral Market
As per the report, the small volume parenteral market size has grown strongly in recent years. It will grow from 163.34 billion in 2023 to $177.26 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The small volume parenteral market size is expected to see strong growth in the next few years. It will grow to $247.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
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Rising Numbers Of Surgeries Drives Growth Of Small-Volume Parenteral Market
The increasing number of surgeries is expected to propel the growth of the small-volume parenteral market going forward. Surgery is a medical specialty that involves using operative techniques to investigate or treat a pathological condition such as disease or injury, improve bodily function or appearance, or repair unwanted ruptured areas. The rate of surgeries is rising due to advancements in medical technology and an aging population, increasing the demand for surgical interventions. Small-volume parenteral solutions are used in surgeries to precisely administer medications, electrolytes, and nutrients directly into the bloodstream. For instance, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery, a US-based organization, an estimated 1.4 million surgical and non-surgical plastic surgeries were performed in 2021, with plastic surgeons completing an average of 600 more procedures compared to 2020. Therefore, the increasing number of surgeries is driving the growth of the small-volume parenteral market.
Innovations In Small-Volume Parenteral Pharmaceutical Production Systems
Major companies operating in the small volume parenteral market are focusing on developing innovative solutions, such as Pharmatec SVP process systems, to maximize their revenues in the market. Pharmatec SVP process systems are specialized solutions designed to produce small-volume parenteral (SVP) pharmaceuticals. These systems are tailored to meet the stringent requirements of sterile manufacturing processes, ensuring high quality and safety standards for injectable products. For instance, in March 2021, Syntegon, a Germany-based machine industry company, launched the SVP Essential, a small-volume parenteral pharmaceutical production system designed for cost-efficiency and high quality. This system offers a fully automated, ready-to-use solution with the highest hygienic standards and reproducibility throughout the process. It is particularly suitable for producing simple parenteral drugs such as analgesics, insulin, and generic drugs, with a modular design allows delivery in just six months.
The small volume parenteral market covered in this report is segmented -
1) By Type: Ampules, Vials, Prefilled Syringes
2) By Dose Type: Single Dose, Multiple Dose
3) By Indication Type: Pain Management, Cancer Care, Malnourishment, Gastrointestinal Disorder Or Diarrhea, Diabetes, Other Indications
4) By Application: Local Anesthetics, Vaccines, Other Applications
5) By End User: Hospitals, Clinics, Ambulatory Surgical Center, Other End Users
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Major companies operating in the small volume parenteral market are Pfizer Inc., AbbVie Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb Company, Novartis AG, GlaxoSmithKline plc, Eli Lilly and Company, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Fresenius Kabi AG, Sun Pharmaceutical Industries Ltd., Boehringer Ingelheim GmbH, Viatris Inc, Intas Pharmaceuticals Ltd., Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Cipla Limited, Hikma Pharmaceuticals PLC, Lupin Limited, Biocon Limited, Torrent Pharmaceuticals Ltd., Zydus Cadila, Alembic Pharmaceuticals Ltd., Wockhardt Ltd.
Contents of the report:
1. Executive Summary
2. Small Volume Parenteral Market Report Structure
3. Small Volume Parenteral Market Trends And Strategies
4. Small Volume Parenteral Market - Macro Economic Scenario
5. Small Volume Parenteral Market Size And Growth
…..
27. Small Volume Parenteral Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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