How big is the Parenteral Market | Therapeutics, Drug Delivery & Value 2025

Code: MTA7808 Publication Date: Aug 2025

How big is the Parenteral Market?

According to 6Wresearch internal database and industry insights, the Parenteral Market was valued at approximately USD 25.8 billion in 2024 and is projected to reach USD 43.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.9% during the forecast period (2025-2031).

A rising number of chronic diseases and the growing demand for sterile injectable medications with technological developments in drug delivery systems are driving the market expansion. Increased patient preference for self-administered treatments, the growth of biologics and biosimilars, and better healthcare infrastructure all play a big role in the market growth.

Growth Factors for Parenteral Market

  • Growing number of infectious and chronic illnesses that call for injectable treatments
  • Developments in delivery technology, including prefilled syringes and auto-injectors
  • The use of parenterally administered biologics and biosimilars
  • Growing need for self-administration and home healthcare solutions
  • Increased attention to quality control and sterile manufacturing standards
  • Growing healthcare facilities in developing nations

Parenteral Market Trends

The Parenteral Market is witnessing increased adoption of advanced delivery devices like wearable injectors and needle-free systems to improve patient compliance. Prefilled syringes are becoming more and more popular because they are safe and easy to use. Furthermore, the market is trending toward the incorporation of digital health solutions for the monitoring of drug administration. Growing investments in sterile manufacturing facilities and disposable technologies to reduce the risk of contamination are influencing market dynamics. The need for parenteral formulations is also being driven by biologics and biosimilars.

Emerging Developments in the Parenteral Market

Emerging developments in the Parenteral Market include the rise of wearable injection devices that enable continuous drug delivery and enhance patient convenience. Smart auto-injectors with sensors for tracking adherence and dosage accuracy are becoming more and more popular among businesses. The development of novel formulations is speeding up in an attempt to improve stability and reduce injection frequency. A greater focus on sustainability is driving innovation in single-use technologies and eco-friendly packaging. Product advancements are being accelerated by strategic partnerships between device manufacturers and pharmaceutical companies.

List of Leading Companies in the Parenteral Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Baxter International Inc.

Company NameBaxter International Inc.
Established Year1931
HeadquartersDeerfield, USA
Official WebsiteClick Here

Develops IV fluids & injectables, focusing on innovation, safety & high-quality healthcare.

2. Fresenius Kabi AG

Company NameFresenius Kabi AG
Established Year1999
HeadquartersBad Homburg, Germany
Official WebsiteClick Here

Produces parenteral nutrition, infusion therapies & injectables with emphasis on affordability & accessibility.

3. B. Braun Melsungen AG

Company NameB. Braun Melsungen AG
Established Year1839
HeadquartersMelsungen, Germany
Official WebsiteClick Here

Manufactures parenteral solutions, infusion devices & injectables, prioritizing innovation & patient safety.

4. Grifols, S.A.

Company NameGrifols, S.A.
Established Year1940
HeadquartersBarcelona, Spain
Official WebsiteClick Here

Specializes in plasma-derived medicines & parenteral solutions, focusing on quality & biopharma innovation.

5. Hospira, Inc. (Pfizer Company)

Company NameHospira, Inc. (Pfizer Company)
Established Year2004
HeadquartersLake Forest, USA
Official WebsiteClick Here

Develops injectables, infusion tech & parenteral nutrition, ensuring quality & supply reliability.

6. Terumo Corporation

Company NameTerumo Corporation
Established Year1921
HeadquartersTokyo, Japan
Official WebsiteClick Here

Provides parenteral delivery systems, infusion devices & consumables, with focus on innovation & reliability.

7. Otsuka Pharmaceutical Co., Ltd.

Company NameOtsuka Pharmaceutical Co., Ltd.
Established Year1964
HeadquartersTokyo, Japan
Official WebsiteClick Here

Produces parenteral nutrition & IV solutions, investing in R&D & quality manufacturing.

8. ICU Medical, Inc.

Company NameICU Medical, Inc.
Established Year1984
HeadquartersSan Clemente, USA
Official WebsiteClick Here

Develops parenteral delivery devices & infusion systems, focusing on safety-driven innovations.

9. Aurobindo Pharma Limited

Company NameAurobindo Pharma Limited
Established Year1986
HeadquartersHyderabad, India
Official WebsiteClick Here

Manufactures injectables & antibiotics, ensuring regulatory compliance & global reach.

10. Cipla Limited

Company NameCipla Limited
Established Year1935
HeadquartersMumbai, India
Official WebsiteClick Here

Produces parenteral antibiotics, antivirals & life-saving injectables, focusing on affordability & patient care.

How big is the Parenteral Market : FAQ's

The Parenteral Market is projected to reach USD 43.7 billion by 2031.
The Parenteral Market is expected to grow at a CAGR of 7.9% during the forecast period.
North America and Asia-Pacific are leading regions due to advanced healthcare infrastructure and rising chronic disease prevalence.
Major segments include prefilled syringes, vials & ampoules, auto-injectors, and infusion devices.
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