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Rising Numbers Of Surgeries Drives Growth Of Small-Volume Parenteral Market: An Emerging Driver Transforming The Small Volume Parenteral Market Landscape
Small Volume Parenteral
What Is the Projected Growth of the Small Volume Parenteral Market?
The small volume parenteral market has shown strong growth. It is anticipated to grow from $177.26 billion in 2024 to $193.16 billion in 2025, at a CAGR of 9.0%. This expansion has been supported by a growing chronic disease burden, regulatory approvals, trends in pharmaceutical outsourcing, and market globalization.
The small volume parenteral market is expected to experience strong growth, reaching $268.53 billion by 2029 at a CAGR of 8.6%. The growth is driven by the expansion of the biologics market, TH*Care infrastructure development, increased hospitalization rates, regulatory approvals, a shift toward home TH*Care, rising investments in TH*Care, and global health crises. Key trends include growth in biocompatible formulations, patient-centric approaches, the rise of home TH*Care, advancements in manufacturing automation, expansion in therapeutic areas, and the introduction of smart pump technologies.
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What Are the Different Small Volume Parenteral Market Segments?
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
Subsegments:
1) By Ampules: Glass Ampules, Plastic Ampules
2) By Vials: Glass Vials, Plastic Vials, Single-dose Vials, Multi-dose Vials
3) By Prefilled Syringes: Glass Prefilled Syringes, Plastic Prefilled Syringes
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What Are the Primary Drivers Shaping the Small Volume Parenteral Market?
The increasing number of surgeries is expected to fuel the growth of the small-volume parenteral market. As the number of surgeries increases due to advancements in medical technology and an aging population, the demand for small-volume parenteral solutions rises. These solutions are used in surgeries to deliver medications, electrolytes, and nutrients directly into the bloodstream. For instance, The Aesthetic Society reported in August 2023 that Americans spent more than $11.8 billion on aesthetic procedures, a 2% increase from the previous year. This growth in surgical procedures is driving the expansion of the small-volume parenteral market.
Which Companies Are Leading in the Small Volume Parenteral Market?
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.
What Trends Are Expected to Dominate the Small Volume Parenteral Market in the Next 5 Years?
Companies in the small volume parenteral market are innovating with systems like built-in lyophilizers to boost market revenue. WuXi STA launched a new parenteral formulation manufacturing line in January 2022 that integrates lyophilizers, robotics, and sterile environments to ensure high-quality products with minimal human intervention.
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What Are the Top Revenue-Generating Geographies in the Small Volume Parenteral Market?
North America was the largest region in the small volume parenteral market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the small volume parenteral market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Small Volume Parenteral Market?
2. What is the CAGR expected in the Small Volume Parenteral Market?
3. What Are the Key Innovations Transforming the Small Volume Parenteral Industry?
4. Which Region Is Leading the Small Volume Parenteral Market?
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