India Large Volume Parenteral Market Drivers, Industry Survey and Business Development Analysis till 2028

Posted on 2022-11-23 by researchinsights in Healthcare // 0 Comments

San Francisco, California , USA, Nov 24, 2022 — /EPR Network/ —

India Large Volume Parenteral Industry Overview

The India Large Volume Parenteral Market size is expected to reach USD 134.0 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2021 to 2028. Large Volume Parenteral (LVP) injections are used for either total or partial nutrition when oral intake is insufficient or challenging. Earlier, these formulations were used for patients undergoing surgical procedures or those admitted to a hospital.

Currently, they are used as substitutes for nutrition obtained from a healthy diet. However, the demand for LVPs has significantly increased due to the growing adoption of parenteral nutrition over enteral nutrition among COVID-19 patients for improving drug absorption, shorter hospital stays, and reduced risk of infections. This is anticipated to drive the market over the forecast period.

India Large Volume Parenteral Market Segmentation

Grand View Research has segmented the India large volume parenteral market on the basis of application, volume, and end use:

Based on the Application Insights, the market is segmented into Therapeutic Injections, Fluid Balance Injections, and Nutritious Injections

In 2020, the nutritious injections segment dominated the market for large volume parenteral and held the largest revenue share of 47.1%. This is attributed to the growing adoption of these products in delivering intravenous carbohydrates, amino acids, electrolytes, and minerals to meet adequate nutritional requirements when enteral nutrition mode is insufficient, not possible, or contraindicated.
The therapeutic injections application segment is anticipated to register the fastest growth rate during the forecast period owing to the increasing prevalence of life-threatening diseases and growing demand for safer, faster, and effective methods of drug administration in patients undergoing surgical procedures.

Based on the Volume Insights, the market is segmented into 100 ml, 250 ml, 500 ml, 1,000 ml, and 2,000 ml

By volume, the 500 ml segment dominated the India large volume parenteral market and accounted for the largest revenue share of 34.2% in 2020.
On the other hand, the 100 ml injectable segment is anticipated to register the fastest growth rate during the forecast period.

Based on the End-use Insights, the market is segmented into Hospitals and Other Healthcare Facilities and Home Care

The hospitals and other healthcare facilities segment dominated the market for large volume parenteral and accounted for the largest revenue share of 97.7% in 2020.
The homecare facilities segment is expected to register significant growth during the forecast period owing to the growing geriatric population and increasing consumer interests in the adoption of at-home care.

Key Companies Profile & Market Share Insights

Increasing investments in R&D, collaborations with other industry players, geographic expansions, and product differentiation are among the key strategies adopted by these companies for gaining a competitive edge in the market for large volume parenteral.

Some prominent players in the India Large Volume Parenteral market include:

Braun Melsungen AG
Fresenius Kabi AG
Baxter
Otsuka Pharmaceuticals
Sichuan Kelun
Albert David Ltd.
BML Parenteral Drugs

Order a free sample PDF of the India Large Volume Parenteral Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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