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How Will the CAGR of the Large Volume Parenteral (LVP) Market Influence Its Overall Growth by 2034?

The large volume parenteral (LVP) market has shown strong growth. It is expected to increase from $12.52 billion in 2024 to $13.57 billion in 2025 at a CAGR of 8.3%. Historical growth factors include a rising prevalence of chronic diseases, an aging population, growing demand for sterile pharmaceuticals, expansion of healthcare infrastructure, and regulatory advancements in pharmaceuticals.

The large volume parenteral (LVP) market is expected to grow substantially, reaching $19.46 billion by 2029 at a CAGR of 9.4%. Contributing factors include rising demand for biologics and biosimilars, increasing healthcare spending, pharmaceutical outsourcing growth, a focus on personalized medicine, and globalization of supply chains. Prominent trends include advancements in manufacturing technologies, the incorporation of cutting-edge pharmaceutical production methods, single-use technology adoption, high-concentration formulation developments, and the rise of 3D printing applications in pharmaceuticals.

What Major Innovations Are Driving the Accelerated Growth of the large volume parenteral (lvp) Market?

The increasing prevalence of chronic diseases is expected to boost the growth of the large-volume parenteral market. Chronic diseases are long-lasting conditions that worsen over time, often caused by factors like tobacco use and poor nutrition. Patients with chronic conditions require essential nutrients, and parenteral administration ensures the proper dosage is absorbed directly into the bloodstream. According to the World Health Organization, 74% of global deaths, approximately 41 million annually, are attributed to non-communicable diseases (NCDs) or chronic diseases. Therefore, the rise in chronic diseases is driving the large-volume parenteral market’s growth.

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Who Are the Leading Companies Pioneering Change in the Large Volume Parenteral (LVP) Market?

Major companies operating in the large volume parenteral (LVP) market include:

• Pfizer Inc._x000D_

• Fresenius Kabi AG_x000D_

• Abbott Laboratories Inc._x000D_

• Becton Dickinson and Company_x000D_

• Otsuka Holdings Co Ltd._x000D_

What Are the Most Significant Trends Transforming the Large Volume Parenteral (LVP) Market Today?

Product innovation is a key trend in the large-volume parenteral market. Companies are focusing on creating new products to secure their market position. For example, in March 2022, SGD Pharma SA, a France-based producer of glass for pharmaceutical packaging, launched 100-ml Type I molded glass vials. These sterile vials are designed for aseptic filling and finishing of parenteral medications, preventing scratches and allowing for better visual inspection of filled vials, which reduces the chances of rejection in quality control.

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What Are the Core Categories and Segments in the Large Volume Parenteral (LVP) Market Driving Demand and Growth?

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

Which Regions Are Leading the Charge in Large Volume Parenteral (LVP) Market Development?

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.

What Key Elements Shape the Definition of the Large Volume Parenteral (LVP) Market?

Large volume parenteral (LVP) refers to sterile intravenous solutions of a volume of 100 ml or more that are terminally sterilized by heat. They are used for intravenous infusions to administer hydration, nourishment, and medicine.

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