The India large volume parenterals (LVP) market size is expected to reach USD 121.7 million by 2025 at a 7.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. LVPs offer a faster method for administration of drugs to patients during surgery or while recovering in the hospital. Rising preference by physicians for single dose administration of drugs is responsible for growing demand for LVP.
Parenterally administered drugs gain quick access to systemic circulation with complete drug absorption. These drugs have high bioavailability and reach the site of action faster than drugs administered orally, thus delivering an immediate physiological response in clinical conditions such as shock, asthma, and cardiac arrest. Moreover, parenteral administration is essential for drugs that do not provide therapeutic effect orally or that are broken down by digestive secretions such as hormones (e.g. insulin) and antibiotics.
There is a rise in healthcare expenditure in India where households incur a high monthly per-capita out-of-pocket expense on account of diseases such as cancer, followed by injuries and cardiovascular disorders. In such disease conditions, the patient has to incur the cost of LVP as well as make repeat purchase over the period of treatment.
Full Research Report On India Large Volume Parenteral (LVP) Market Analysis: www.grandviewresearch.com/industry-analysis/india-large-volume-parenteral-lvp-market
Further key findings from the report suggest:
- The Indian pharmaceutical industry is growing at a rapid pace and remains one of the largest contributors to the country’s economy. India’s pharma sector is placed third in terms of volume and 14th in terms of value in global rankings
- By application, the India LVP market is categorized into therapeutic injections, fluid balance injections, and nutritious injections. Of these, nutritious injections dominated the market in terms of revenue in 2017
- Based on volume, the LVP market is grouped into 100 ml, 250 ml, 500 ml, 1000 ml, and 2000 ml. Of these, the 100 ml injectable segment is expected to exhibit the fastest growth rate in the coming years
- Based on end use, the market is divided into hospitals & other healthcare facilities and home care. Hospitals & other healthcare facilities held a majority share in 2017
- Market players and manufacturers have developed a supply chain contract with reputed hospitals, leading to a better hold over the market. Some of these players are Fresenius Kabi AG; Baxter; Otsuka Pharmaceutical Co., Ltd.; and BML Parenteral Drugs.
Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the India large volume parenteral (LVP) market based on application, volume, and end use:
India LVP Application Outlook (Revenue, USD Million, 2014 - 2025)
- Therapeutic Injections
- Fluid Balance Injections
- Nutritious Injections
India LVP Volume Outlook (Revenue, USD Million, 2014 - 2025)
- 100 ml
- 250 ml
- 500 ml
- 1000 ml
- 2000 ml
India LVP End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals & Other Healthcare Facilities
- Home Care
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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