Global Empty IV Bag Market Analysis and Forecast 2022-2030
The global Empty IV Bags market size was valued at USD 2.99 Billion in 2018 and is projected to grow at a CAGR of 9.2% during the forecast period 2022 to 2030.
Empty IV Bag Market Overview:
IV bags or Intravenous therapy bags are used to prevent dehydration and maintain blood pressure, and are also used to supply medicines or nutritional supplements to patients who have difficulty eating. The empty IV bags market is expected to witness significant growth during the forecast period of 2021-2031. Growing awareness of the positive environmental impact of non-PVC IV bags will drive a surge in demand for empty IV bags. Increasing prevalence of malnutrition on a global scale is also a factor contributing to the growing demand for empty IV bags, coincident with increasing government initiatives supporting healthcare and awareness.
Empty IV Bag market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Empty IV Bag market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
Significant Empty IV Bag Market Dynamics:
Increased Cancer Rates:
A strong rendering driver is the increasing prevalence of cancer. In general, cancer increases the need for parenteral nutrition, such as increased incidence of gastric ulcers, dysfunction of the normal gastrointestinal tract, and formation of physical blockages. Moreover, cancer treatment weakens and fatally deprives the human body of nutrients. Anorexia or unintentional weight loss is another common symptom associated with cancer requiring parenteral management.
Increased PVC IV Bag Ban Growth:
Demand for eco-friendly IV bags has surged in recent years as most countries restrict the use of PVC IV bags to prevent their negative impact on the environment. Most of the demand for these IV bags comes from specialty hospitals dealing with gallbladder surgery, kidney stones and intestinal infections. Growing demand for eco-friendly IV bags has boosted the global empty IV bags market.
The Centers for Medicare & Medicaid Services (CMS) and other government agencies have extensive reimbursement policies for surgeries involving IV bags. Several countries also have reimbursement plans in place for procedures using IV bags. These rules boost the sales of IV bags across the globe, increasing the global empty IV bags market.
Growth is also expected to be aided by favorable refund regulations in many countries. In the United States, CMS covers a variety of surgeries and treatments requiring an IV bag. Likewise, IV bag sales are likely to increase as various government agencies cover some aspects of the treatment process in different countries. The increasing incidence of chronic diseases such as cancer has a favorable impact on the use of parenteral nutrition in the United States.
High costs associated with research and development capabilities in product manufacturing, and limited infrastructure facilities that create challenges for the empty IV bag market. Plastic IV bags, one of the most basic and essential tools in modern medicine, are under a health-threatening attack. PVC bags and tubes can sometimes leak traces of plastic into the items you store.
- In February 2017, ICU Medical, Inc. acquired the Hospira Infusion Systems (HIS) business from Pfizer, Inc. The HIS business includes IV solutions, pumps, and devices. This acquisition has helped the company enhance its infusion therapy segment, thereby increasing its global market share.
- In April 2019, Scripps Health signed an agreement with ICU Medical, Inc. to purchase the latter’s IV consumables & solutions, along with its ICU Medical MedNet IV medication safety software-based Plum 360 infusion system.
The Empty IV Bag market research report is categorized based on type, applications and region.
Market Key Players:
Sippex IV Bag (U.S), Technoflex (Japan), Wipak Group (Germany), Baxter (U.S), B. Braun (Germany), ICU Medical, Inc. (U.S), POLYCINE GmbH (Germany), RENOLIT SE (Germany), Pfizer Inc. (U.S), West Pharmaceutical Services Inc. (U.S), Jinan Youlyy Industrial Co., Ltd. (China), Jiangsu Eyoung Medical Devices Co. Ltd. (China), and others.
- PVC Empty IV Bags
- Non-PVC Empty IV Bags
By Chamber Type
- Single Chamber
Geographically, the global Empty IV Bag market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
North America accounted for the largest share in 2018 and is expected to maintain its dominance throughout the forecast period. Increased adoption of innovative medical technologies, high disease prevalence, better reimbursement policies, and increased investment in improving healthcare infrastructure have led to high adoption of non-PVC bags in the region. Growing geriatric population, rising unhealthy food consumption and low awareness are expected to help the growth of the regional market.
The Asia Pacific empty IV bags market is expected to witness the fastest growth during the forecast period, owing to rising healthcare spending, growing patient awareness, and increasing demand for technologically advanced and cost-effective healthcare solutions. In addition, the demand for special medical bags is expected to increase due to rapid population aging, increase in chronic diseases, and increase in medical expenses. According to the 2014 Southeast Asia Regional Plan of Action and Goals (WHO) Burden of Noncommunicable Diseases (NCDs), various NCDs in the region cause approximately 7.9 million deaths. Cardiovascular disease, diabetes and cancer are also reported to be common in the region.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Empty IV Bag Market report scope
Key Takeaways from this Empty IV Bag Report
- Estimate Empty IV Bag market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Empty IV Bag market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
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