The Global Empty IV Bags Market is Poised to Register High Growth Due to Rising Demand for IV Fluid Administration


Global Empty IV Bags Market


 The global empty IV bags market consists of standardized sterile bags used for administering intravenous fluids, medications, blood and blood components to patients. Empty IV bags are transparent flexible fluid-filled containers made from raw materials such as PVC, copolyesters and EVA-based materials. They find wide application in areas of fluid management, chemotherapy, total parenteral nutrition and blood transfusions across hospitals, clinics and home healthcare settings. The growing prevalence of chronic diseases and increase in surgical procedures have heightened demand for IV therapy, driving more focus on IV fluid handling and storage solutions.


The global empty IV bags market is estimated to be valued at US$ 8.9 billion in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period from 2024 to 2031. The market is anticipated to witness high growth owing to rising healthcare expenditure, growing geriatric population base prone to dehydration and evolving healthcare systems across developing economies.

Key Takeaways

Key players: Key players operating in the global empty IV bags market are POLYCINE GmbH, BAUSCH Advanced Technology Group, BD, Baxter, B. Braun Medical Inc., ICU MEDICAL, INC., Wipak, RENOLIT SE, TECHNOFLEX, Sippex IV bags, JW Life science Corp, and Fresenius Kabi AG.

Key opportunities: Growing demand for large volume parenteral solutions from clinics and hospitals present major opportunities for empty Global Empty IV Bags Market manufacturers. The developing markets of Asia Pacific and Latin America with increasing healthcare access also offer lucrative expansion opportunities.

Global expansion: Leading companies are investing in production facility expansion, especially in emerging nations to establish overseas manufacturing presence. Players also focus on new product launches, acquisitions and partnerships for global market share growth.

Market Drivers and Restrain

Market Drivers: Rising chronic disease burden is a major market driver. The increasing incidence of chronic medical conditions such as cancer, diabetes, gastrointestinal disorders and cardiovascular diseases globally has significantly raised the demand for IV fluid medication and nutritional delivery. As per WHO, chronic diseases accounted for over 70% of all deaths worldwide in 2020. This growing chronic disease prevalence rate translates to higher demand for empty IV bags used for fluid administration in disease treatment.

Market Restrain: High costs of production under aseptic conditions is a key market restrain. Manufacturing empty IV bags requires stringent validation and certification procedures to maintain sterility during production under aseptic processing conditions. This leads to high capital investment needs and operating costs for players. Regulatory norms also require regular facility audits and compliance reviews which increase the overall production costs. The high currency rates therefore restrain market potential and growth especially for smaller manufacturers.

Segment Analysis
The global empty IV bags market can be segmented based on material, capacity, application, end use and region. Based on material, the PVC segment is dominating the market as it is cost effective and offer high quality performance during medical procedures. PVC material provide high barrier properties, chemical resistance, clarity and flexibility. Based on capacity, the empty IV bags of capacity ranging from 100ml to 500ml dominating the market. These bags are majorly used for small dose medication, fluid maintenance and anesthesia procedures.

Global Analysis

Regionally, North America dominates the empty IV bags market and holds around 35% of global market share. Factors such as growing prevalence of chronic diseases, increased healthcare spending, availability of advanced healthcare infrastructure and growing aging population are driving the market growth in this region. Asia Pacific is expected to grow at fastest pace during the forecast period. Countries such as China, India and Japan are expected to offer lucrative growth opportunities for empty IV bags market. Factors such as improving healthcare infrastructure, increasing per capita healthcare expenditure, growing medical tourism industry and increasing incidence of chronic diseases in the region is supporting the market growth.

Get more insights on this topic: Global Empty IV Bags Market

Comments

Post a Comment

Popular posts from this blog

The Global Electric Powertrain Market Poised for Growth Driven by Sustainable Transportation

Image
  Electric Powertrain Market The global electric powertrain market is seeing rapid adoption as consumers seek more environmentally friendly transportation options. Electric powertrains offer much lower operating costs than internal combustion engines while also being more energy efficient with fewer moving parts. Battery electric vehicles and hybrids containing electric motors and batteries are able to deliver torque instantly for smooth acceleration and regenerative braking that captures kinetic energy to charge the batteries while slowing down. Automakers are developing advanced powertrain technologies that combine smaller, lighter electric motors with improved batteries capable of longer ranges between charges. The global Electric Powertrain Market is estimated to be valued at US$ 94.12 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the majo
Read more

The Bladder Liners Market Is Estimated To Witness High Growth Owing To Rising Prevalence Of Urinary Incontinence

Image
  Bladder Liners Market Market Overview: Benzodiazepines are a class of psychoactive drugs belonging to the benzodiazepine family. These drugs are prescribed for various medical conditions such as anxiety disorders, panic disorders, insomnia, seizures, alcohol withdrawal syndrome, muscle spasms, and as an anesthesia aid. Some common examples of benzodiazepines include alprazolam, clonazepam, diazepam, and lorazepam. These drugs work by increasing the action of gamma-aminobutyric acid (GABA), a major inhibitory neurotransmitter in the central nervous system. Due to their calming properties, they are widely used to treat insomnia, anxiety, panic attacks, agitation, seizures, muscle spasms, and alcohol withdrawal. Market Dynamics: The Benzodiazepine Drugs Market is primarily driven by the rising prevalence of anxiety disorders worldwide. As per Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting nearly 40 million adul
Read more

Poultry Market is Expected to be Flourished by Growing Demand for Protein-Rich Food

Image
Poultry Market The poultry market comprises farming of domesticated birds such as chickens, ducks, turkeys, and geese, primarily for their meat and eggs. Poultry meat is one of the most consumed meats globally owing to its high protein content. Chicken is the most commonly produced meat worldwide, with over 95 million tons produced annually. Poultry farming provides affordable animal protein to consumers while generating income and employment for farmers and allied industries. The global poultry industry includes large integrated production facilities, small commercial farms, and backyard flock operations. Technological advancements have increased efficiency in breeding, hatching, feeding, housing, and disease control. The global poultry market is estimated to be valued at US$ 15.88 billion in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key driv
Read more