2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Small Volume Parenteral Market?

The rising number of surgeries is expected to fuel the small-volume parenteral market. Surgery, which involves operative techniques to treat pathological conditions, is increasing due to medical advancements and an aging population. Small-volume parenteral solutions are used during surgeries to administer medications and nutrients directly into the bloodstream. For example, in August 2023, The Aesthetic Society reported that Americans spent over $11.8 billion on aesthetic procedures in 2023, a 2% increase from the previous year. Therefore, the rising number of surgeries is propelling the small-volume parenteral market.

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#How Will the CAGR of the Small Volume Parenteral Market Influence Its Overall Growth by 2034?

The small volume parenteral market has seen significant growth in recent years. It will grow from $177.26 billion in 2024 to $193.16 billion in 2025, at a compound annual growth rate (CAGR) of 9.0%. This growth is driven by the rising prevalence of chronic diseases, regulatory approvals, pharmaceutical outsourcing trends, and the globalization and expansion of pharmaceutical markets.

The small volume parenteral market is projected to grow to $268.53 billion by 2029, with a CAGR of 8.6%. Growth drivers include the biologics market expansion, healthcare infrastructure development, rising hospitalization rates, regulatory approvals, home healthcare growth, increasing healthcare investments, and global health crises. Key trends include biocompatible formulations, patient-centric approaches, home healthcare rise, manufacturing automation, therapeutic area expansion, and smart pump technologies.

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What New Market Trends Are Reshaping theSmall Volume Parenteral Market and Its Opportunities?

Companies in the small volume parenteral market are developing integrated lyophilizers to increase their market share. In January 2022, WuXi STA launched a new parenteral formulation manufacturing line in Wuxi, China. The line includes advanced robotics and isolation systems to reduce human intervention, ensuring high-quality products while meeting cGMP standards set by the U.S. FDA, EMA, and China NMPA.

Who Are the Leading Market Players Fueling Growth in the Small Volume Parenteral Market Trend?

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.

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How is the Global Small Volume Parenteral Market Segemented?

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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Which Geographics are Influencing the Growth of 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.

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