Global Large Volume Parenteral
Market: Overview
Parenteral formulations refer to
sterile liquid or solid drug dosages packaged in either single or multi dose
containers to be administered via a route other than the digestive tract, such
as by intramuscular, subcutaneous, or intravenous injections. Parenteral drug
administration is known to provide maximum efficacy and bioavailability and is
preferred over oral dosages in a vast number of instances. Broadly, parenteral
preparations are segmented on the basis of the content of the dosage into large
and small volume parenteral formulations.
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Small volume parenteral
preparations include dosages that are 100 ml or less and prepared as single or
multiple dosages. Large volume parenteral (LVP) preparations, on the other
hand, are dosages more than 100 ml volumes of intravenous solutions, commonly
prescribed to correct fluid and electrolyte disturbances, nutrition, or to act
as a vehicle for administering some kind of drug to the body. Commonly used
large volume parenteral preparations include infusions of amino acid, mannitol,
dextrose, lactated ringer injection, ringer’s injection, and sodium chloride
injection. This report on the global large volume parenteral market presents an
overview of the market on the global, regional, and country levels.
Global Large Volume Parenteral
Market: Scope of the Report
The report presents vast
qualitative as well as quantitative insights about the market and its key
aspects in present times. The report also includes vast projections regarding
the growth prospects of the market over the period between 2016 and 2024 based
on volume and revenue, with 2015 considered the base year. It provides a
comprehensive analytical overview of the key factors expected to have a notable
impact on the market’s future growth prospects, including drivers, challenges,
and growth opportunities.
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The report analyzes the degree of
competition in the global large volume parenteral market with the help of
Porter’s Five Forces analysis. The report also comprises a qualitative overview
of the market’s attractiveness, wherein key product varieties and countries are
analyzed on the basis of attractiveness for each region. Aspects such as profit
margin, raw material availability, market size, growth rate, competition,
recent technological developments, and other factors representing the current
growth opportunity held by the market or its sectors are also evaluated to
derive the market’s general attractiveness. The report also comprises an
analysis of the market’s projected price trends between 2016 and 2024.
Global Large Volume Parenteral
Market: Drivers and Restraints
In the past few years, there has
been a substantial rise in the overall demand for large volume parenteral
preparations. The constantly rising numbers of surgeries and an increasing rate
of hospitalization are considered to be the key factors to have paved the way
for the market to secure promising growth avenues.
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Moreover, the rising demand for
safer, faster, and more effective methods of drug administration in patients
undergoing surgeries have also leveraged the demand for LPV preparations
globally. The increasing consumer acceptance for single dosage vaccines, and
drugs for central nervous systems disorders, diabetes, and oncology is also
expected to drive the demand for large volume parenteral preparations.
Global Large Volume Parenteral
Market: Segmentation
The large volume parenteral
market has been analyzed in the report through three broad categories namely,
nutritious injections, therapeutic injections, and injections for fluid
balance. Of these, fluid balance injections are used to administer a variety of
electrolytes to trauma patients and to patients who are in the need of
electrolytes such as chloride, sodium, and potassium. Therapeutic injections
are widely used to administer vaccines, anti-infective drugs, oncology drugs,
diabetes drugs, and gastrointestinal drugs. From a geographical perspective,
the large volume parenteral market has been examined for regions such as North
America, Europe, Asia Pacific, and Middle East and Africa.
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Some of the key vendors operating
in the global large volume parenteral market are Baxter Healthcare Corporation,
Kelun Pharma, Patheon Inc., BAG Healthcare GmbH, Hospira, Inc., Otsuka
Pharmaceutical, Teva Pharmaceutical Industries Limited, Wockhardt Ltd.,
Southwest Pharmaceutical Co. Ltd., and Cook Pharmica LLC.
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