Large Volume Parenteral (LVP) Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theLarge Volume Parenteral (LVP) Market?
The increasing incidence of chronic diseases is anticipated to stimulate the expansion of the large-volume parenteral market. Chronic diseases are typically long-term illnesses or conditions that can progressively deteriorate over time. The escalation of chronic diseases is primarily influenced by tobacco usage, exposure to smoke, and inadequate nutrition. Adequate proportions of vital nutrients necessary for maintaining strength are crucial for these patients, and the parenteral administration method allows the ensurement of the right pharmaceutical dose as most medication is directly absorbed into the bloodstream, bypassing the gastrointestinal system. For example, the World Health Organization, a Switzerland-based specialized agency of the United Nations, reported in September 2023 that there were 41 million deaths worldwide, accounting for 74% of those caused by non-communicable diseases (NCDs) or chronic diseases annually. Hence, the escalating incidence of chronic diseases is propelling the growth of the large-volume parenteral market.
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#What Growth Opportunities Will Drive the Large Volume Parenteral (LVP) Market’s CAGR Through 2034?
The substantial size of the large volume parenteral (LVP) market has been on a constant upswing in the previous years. It’s predicted to escalate from $12.52 billion in 2024 to $13.57 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. Factors contributing to the growth during the historical period include increasing incidence of chronic illnesses, enlargement of the elderly population, higher requirement for sterile pharmaceuticals, growth in the healthcare infrastructure, and the evolution of regulatory guidelines for pharmaceuticals.
The size of the large volume parenteral (LVP) market is anticipated to experience significant expansion in the coming years and is predicted to reach a valuation of $19.46 billion by 2029, progressing at a compound annual growth rate (CAGR) of 9.4%. This surge during the forecast period can be credited to a rising demand for biologics and biosimilars, escalated healthcare spending, the broadening scope of pharmaceutical outsourcing, an increased emphasis on personalized medication, and the international expansion of pharmaceutical supply networks. Foreseen trends for the forecast period consist of advancements in manufacturing procedures, the incorporation of high-tech procedures in pharmaceutical manufacturing, the employment of single-use technologies, the creation of high-concentration mixtures, and the growing use of 3d printing in pharmaceutical applications.
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Which Upcoming Market Trends and Innovations Are Set to Influence theLarge Volume Parenteral (LVP) Market’s Path Forward?
The rise of product innovation has been identified as a crucial trend gaining traction in the large-volume parenteral market. Key market participants are focusing their resources on the development of innovative products to consolidate their standing in the market. For example, SGD Pharma SA, a France-originated manufacturer of molded and tubular glass for pharmaceutical primary packaging, introduced 100-ml type I molded glass vials in March 2022. These vials, which are sterile and prepped for aseptic filling and finishing of parenteral medicinal formulations, aid in the prevention of vial scratches, facilitate visual inspection of the filled vial, and minimize the risk of rejection during quality control checks.
Who Are the Dominant Market Players Pushing the Boundaries of theLarge Volume Parenteral (LVP) Market?
Major companies operating in the large volume parenteral (LVP) market include 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 Parenterals India Ltd, Parenteral Drugs Limited, Abaris Healthcare Pvt. Ltd., BML Parenteral Drugs, Denis Chem Lab Ltd, Pentagon Labs Ltd., DJ Labs Pvt Ltd., Higgs Healthcare.
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The large volume parenteral (LVP) market covered in this report 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
Subsegments:
1) By Soft Bag LVP: PVC Soft Bags, Non-PVC Soft Bags
2) By Plastic Bag LVP: Polypropylene Bags, Polyethylene Bags
3) By Glass Bottle LVP: Single-Use Glass Bottles, Multi-Dose Glass Bottles
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What Regions Are Dominating the Large Volume Parenteral (LVP) Market Growth?
North America was the largest region in the large volume parenteral (LVP) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large volume parenteral (LVP) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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