The empty intravenous (iv) bags global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Empty Intravenous (IV) Bags Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The empty intravenous (IV) bags market size has grown rapidly in recent years. It will grow from $5.63 billion in 2023 to $6.36 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to the increased prevalence of chronic diseases, high demand for intravenous therapies, growth in the aging population, improvements in healthcare infrastructure, and expansion of hospital and clinical services.
The empty intravenous (IV) bags market size is expected to see rapid growth in the next few years. It will grow to $10.41 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to the growing home healthcare market, increasing incidence of malnutrition, rising demand for personalized medicine, expansion of healthcare services in emerging markets, and increasing surgical procedures. Major trends in the forecast period include smart IV bags with sensors, biodegradable IV bags, improved sterility and contamination prevention, advanced manufacturing techniques, and integration with electronic health records (EHR).
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Scope Of Empty Intravenous (IV) Bags MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Empty Intravenous (IV) Bags Market Overview
Market Drivers –
The rising number of surgical procedures is expected to propel the growth of the empty intravenous (IV) bag market going forward. Surgical procedures are medical interventions or treatments that involve invasive techniques to address or correct health conditions, injuries, or abnormalities within the body. Surgical procedures are increasing due to advancements in medical technology, an aging population, the prevalence of chronic diseases, improved access to healthcare, and patient demand and expectations. Empty intravenous (IV) bags play a critical role in providing essential fluids, medications, blood products, and anesthesia support during surgical procedures. For instance, in January 2023, according to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional non-governmental organization, there was a 19.3% increase in total medical procedures in 2021, with surgical procedures experiencing an 18.5% rise and non-surgical procedures seeing 19.9% growth compared to 2020. Therefore, the rising number of surgical procedures is driving the growth of the empty intravenous (IV) bag market.
Market Trends –
Major companies operating in the empty intravenous (IV) bag market are focusing on developing innovative intravenous bag platforms to improve patient safety. Intravenous bag platforms are advanced systems designed to ensure the safe and efficient delivery of intravenous medications and fluids. For instance, in March 2021, Fagron Sterile Services, a US-based pharmaceutical company, launched an Intravenous (IV) Bag Platform to support the increased demand for essential compounded sterile medications during and beyond the COVID-19 pandemic. This new platform offers various presentations of medications such as fentaNYL, HYDROmorphone, and Midazolam to hospitals and ambulatory surgery centers. The IV bags are latex-free, individually overwrapped for product protection, and have extended beyond-use dating.
The empty intravenous (IV) bags market covered in this report is segmented –
1) By Product: Polyvinyl Chloride, Non-Polyvinyl Chloride
2) By Type: Single Chamber, Multi-Chamber
3) By Material: Polypropylene, Polyester Ether, Ethylene Vinyl Acetate (EVA), Other Materials
4) By Capacity: 50 ML – 100 ML, 100 ML – 250 ML, 250 ML – 500 ML, Above 500 ML
5) By Application: Hospital, Clinic, Other Applications
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Regional Insights –
North America was the largest region in the empty intravenous (IV) bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the empty intravenous (IV) bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the empty intravenous (IV) bags market are Pfizer Inc., Fresenius Medical Care AG KGaA, Becton Dickinson and Company, Amcor LLC, Baxter International Inc., Grifols S.A., Hospira Inc., Nipro Corporation, B. Braun Medical Inc., ICU Medical Inc., RENOLIT Healthcare, Kiefel GmbH, Medisca Inc., Bioteque Corporation, BAUSCH Advanced Technology Group, Jorgensen Laboratories LLC, Technoflex, Sippex IV bags, AdvaCare Pharma Limited, Tacy Medical Inc., Polycine GmbH, JW Life Science Corp, Mitra Industries Private Limited
Table of Contents
1. Executive Summary
2. Empty Intravenous (IV) Bags Market Characteristics
3. Empty Intravenous (IV) Bags Market Trends And Strategies
4. Empty Intravenous (IV) Bags Market – Macro Economic Scenario
5. Global Empty Intravenous (IV) Bags Market Size and Growth
…
32. Global Empty Intravenous (IV) Bags Market Competitive Benchmarking
33. Global Empty Intravenous (IV) Bags Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Empty Intravenous (IV) Bags Market
35. Empty Intravenous (IV) Bags Market Future Outlook and Potential Analysis
36. Appendix
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