The IV Bag Market is experiencing robust growth, poised to expand at a CAGR of 10.9% over the next decade. Valued at US$1.89 billion in 2022, this market’s progress is driven by the increasing demand for preventive measures addressing issues like dosage accuracy and the need for advanced IV container solutions. By 2032, the market is projected to reach a substantial value of US$ 5.31 billion.
Production facilities for IV bags are strategically positioned in key markets, such as Europe and North America, often driven by the proximity to clients and regulatory requirements. Although some companies relocated production to low-cost regions, challenges like quality concerns and logistical issues have prompted a reevaluation of strategies. Emerging trends are leading industry leaders to optimize supply chains based on cost-effectiveness, quality, and accessibility. Manufacturing hubs like Costa Rica and Malaysia are gaining prominence due to their ability to meet these criteria, aided by government incentives to attract multinational corporations.
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Global IV Bag Market: Market Restraints
The risk of infection and collapsing of veins due to the needle being attached for a longer period is a concern of many authorities which may hamper the IV bags market. The improper monitoring of the intravenous therapy can also cause the nutrient imbalance in the patient body. The presence of substitute of IV bags such as plastic bottles, glass bottles, and infusion pumps to control the flow of the solution into the veins can resist the growth of the IV bags market. IV bags are commonly manufactured of the standard size of 1 liter, and children cannot be exposed to such large size of a solution of electrolyte. So in developing countries where patient to staff ratio is extremely small IV bags market may not have future growth, especially if there is some technological development which is as cheap as IV bags. However, the replacement of PVC material with eco-friendly materials could provide product development opportunities into the IV bags market.
Global IV Bag Market: Market Segmentation
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
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
Global IV Bag Market: Regional Outlook
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
North America is expected to lead the IV bags market over the forecast period due to its wide scope in the healthcare sector, particularly due to the high rate of obesity in the region. IV bags market is anticipated to register rapid growth in APEJ region over the forecast period owing to the increasing penetration of medical facilities in the rural areas, densely populated areas, increased awareness and demand for healthy life. The growth for IV bags market in Eastern and Western Europe in expected to be remain moderate over the forecast period.
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.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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