Small Volume Parenteral Market 2030: Dry SVPs and Their Extended Shelf Life Advantage
Small Volume Parenteral Market Growth & Trends The global small volume parenteral market size is expected to reach USD 298.5 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030, according to a new study by Grand View Research, Inc. Small-Volume Parenteral (SVPs) refer to solutions containing less than 100 mL, as outlined by the U.S. Pharmacopeia (USP). These solutions are designed for intravenous administration when required, typically within 6-8 hours of infusion. The increasing prevalence of various medical conditions & chronic diseases and the shortage of SVP drive the demand for SVP products commonly used for administering medications and fluids to patients. Moreover, the aging population is prone to various health issues that require medical interventions, including intravenous therapy, further contributing to the demand for SVP products. In addition, government organizations are taking initiatives to overcome the shortage of SVP solutions. This ...