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:
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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)
India LVP Volume Outlook (Revenue, USD Million, 2014 – 2025)
India LVP End-use Outlook (Revenue, USD Million, 2014 – 2025)
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