The global IV bag market is anticipated to reach a value of US$1.89 billion in 2022 and grow at a CAGR of 10.9% during the following ten years. The increasing necessity for preventative measures to address issues like erroneous dose delivery and the rising demand for cutting-edge IV containers are two major factors driving the demand for IV bags forward. Analysts predict that the IV bag industry will be valued US$5.31 billion by 2032.
An IV bag, also known as an intravenous bag or saline bag, is a medical device used to administer fluids and medications intravenously. These bags are typically made of flexible, transparent plastic and are filled with saline solution or other fluids. IV bags are a vital component of the healthcare industry, as they are used in hospitals, clinics, and other medical facilities to deliver fluids and medications to patients in a quick and efficient manner.
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One of the major drivers of the IV bag market is the increasing prevalence of chronic diseases, such as diabetes, cancer, and cardiovascular diseases. These diseases often require long-term treatment, and the use of IV bags helps to deliver fluids and medications directly to the bloodstream, which can be more efficient and effective than other methods of administration.
The growing aging population is also expected to drive the demand for IV bags, as older individuals are more prone to chronic illnesses and may require more frequent medical interventions. In addition, the increasing demand for home healthcare services is expected to boost the demand for IV bags, as patients can receive treatment at home rather than in a hospital or clinic setting.
There are several types of IV bags available in the market, including saline bags, nutrient bags, and blood bags. Saline bags are the most common type of IV bag and are used to deliver saline solution or other fluids to patients. Nutrient bags, also known as total parenteral nutrition (TPN) bags, are used to deliver a combination of nutrients, such as carbohydrates, proteins, and fats, to patients who are unable to consume food orally. Blood bags are used to collect and store donated blood, which can then be transfused to patients as needed.
In conclusion, the IV bag market is expected to grow significantly in the coming years, driven by factors such as the increasing prevalence of chronic diseases, the growing aging population, and the increasing demand for home healthcare services. The market is also being driven by the adoption of advanced technologies, such as smart IV bags, which offer improved monitoring and control capabilities. The competitive landscape of the market is characterized by the presence of a large number of players, and the market is expected to witness intense competition in the coming years.
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Global IV Bag Market: Key Players
Some key players of IV bag market are Mountainside Medical Equipment, Kraton Performance Polymers Inc., Renolit, Angiplast Pvt. Ltd, Medline Industries, Inc., Baxter, Sippex IV bag, Wipak Group Management, B. Braun Medical Inc., ICU Medical, Inc., Guangdong lejin medicine Co.,Ltd, Fresenius Kabi Group.
IV Bag Market Overview
Integrity and high performance quality are necessary features for products supplied in the parenteral packaging market. The global IV bags market has emerged as a key market segment in the parenteral packaging market and is marked by supply of plastic materials used for intravenous therapy with principal application in hospital care.
Patients suffering with diarrhea and fever are prone to experience low electrolyte levels, which causes moderate or severe case of dehydration, especially in children. IV bags are used in intravenous therapy for curing or rehydrating the patient. IV bags are also useful for delivering medications and for blood transfusion directly to veins.
IV bag market can be segmented by the type of material used and by the end use and by capacity.
Based on the type of material used, IV bag market can be segmented into:
- PVC
- Ethylene vinyl acetate
- Polypropylene
- Copolyester ether
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Based on the type of end use, IV bag market can be segmented into:
- To correct electrolyte imbalances
- To deliver medications
- Blood transfusions
- Blood Storage
Based on the size, IV bag market can be segmented into:
- 0 – 250 ml
- 250 – 500 ml
- 500 – 1000 ml
Regionally global IV bag market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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