The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Large Volume Parenteral (LVP) Global Market Report 2023, the large volume parenteral (LVP) market is expected to show significant growth in the forecast period.

Key insights from the large volume parenteral (LVP) market forecast include:

1. Market Size

The global market for large volume parenteral (LVP) is projected to increase from $10.46 billion in 2022 to $11.42 billion in 2023, with a compound annual growth rate (CAGR) of 9.1%. By 2027, the LVP market is anticipated to reach $15.78 billion, exhibiting a CAGR of 8.4%.

2. Major Driver

The rising occurrence of chronic illnesses is set to drive the large-volume parenteral market’s growth. Chronic diseases, which endure for over three months and may worsen over time, are primarily fueled by factors such as tobacco use, exposure to smoke, and inadequate nutrition. Patients with these conditions require a precise balance of essential nutrients to maintain their well-being, and parenteral administration ensures accurate pharmaceutical dosages by bypassing the digestive system, allowing most of the drug to be directly absorbed into the bloodstream. For example, according to the National Center for Biotechnology Information (NCBI), it’s projected that by 2050, the US will see a 99.5% increase in individuals aged 50 years and older with at least one chronic illness, rising from 71.522 million in 2020 to 142.66 million. Hence, the surge in chronic diseases propels the large-volume parenteral market’s expansion.

View More On The Large Volume Parenteral (LVP) Market Report 2023 – https://www.thebusinessresearchcompany.com/report/large-volume-parenteral-lvp-global-market-report

3. Key Trend

Product innovation is a prominent trend in the large-volume parenteral market. Major industry players are dedicated to developing innovative products to enhance their market standing. SGD Pharma SA, a French company specializing in pharmaceutical primary packaging, introduced 100-ml type I molded glass vials in March 2022. These vials are sterile and prepared for aseptic filling and finishing of parenteral medicinal formulations. They minimize vial scratches, facilitate visual inspection, and reduce the risk of quality control rejections.

4. Largest Region

North America was the largest region in the large volume parenteral (LVP) market in 2022.

5. Major Players

Major players in the large volume parenteral (LVP) market are Pfizer Inc., Fresenius Kabi AG, Abbott Laboratories Inc., Becton Dickinson and Company, Otsuka Holdings Co Ltd., Baxter International Inc., B Braun Melsungen AG, Grifols SA, Cipla Limited, ICU Medical Inc., Biocon Limited, Sichuan Kelun Pharmaceutical Co. Ltd., Alembic Pharmaceuticals Limited, Cadila Healthcare Ltd., Gland Pharma Limited, Akums Drugs & Pharmaceuticals Ltd., Beximco Pharmaceutical Ltd., Nelson Laboratories LLC, Taj Pharmaceuticals Limited, Albert David Ltd., Amanta Healthcare Ltd., Unique Pharmaceutical Laboratories Ltd., Ahlcon Parenteral India Ltd, Parenteral Drugs Limited, Abaris Healthcare Pvt. Ltd., BML Parenteral Drugs, Denis Chem Lab Ltd, Pentagon Labs Ltd., DJ Labs Pvt Ltd., and Higgs Healthcare.

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Key Large Volume Parenteral (LVP) Market Segments
The global large volume parenteral (LVP) market is segmented –
1) By Type: Soft Bag LVP, Plastic Bag LVP, Glass Bottle LVP
2) By Volume: 100 ML – 250 ML, 250 ML – 500 ML, 500 ML – 1000 ML, 1000 ML -2000 ML, 2000 And More
3) By Application: Basic Infusion, Therapeutics Infusion, Nutritious Infusion
4) By End-User: Hospital, Medical Centers, Other End Users

The Large Volume Parenteral (LVP) Global Market Report 2023  provides an in-depth analysis on the large volume parenteral (LVP) market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the large volume parenteral (LVP) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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