IV Bags Market worth USD 6,515.44 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "IV Bags Market by Material (Polypropylene, Polyvinyl Chloride, Polyethylene, Glass, Others), by Capacity (0-250 ml, 250-500 ml, 500-1000ml, above 1000 ml), by Container, by Therapeutics, By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global iv bags market size is expected to grow from USD 3,615.49 million in 2022 to USD 6,515.44 million by 2033, at a CAGR of 5.5% from 2023 to 2033.

The iv bags market consists of sales of iv bags services by entities (organizations, sole traders, and partnerships). The increase in the incidence of disorders such as gastrointestinal diseases, neurological diseases, and cancer, where IV fluids are administered to patients, is a key factor contributing to the market's growth. Additionally, one of the primary driving factors in the IV bag market is the growing elderly population. After surgery, most elderly people require supplementary nutrition and minerals. The IV injection can immediately establish this. Moreover, the growing concerns regarding plastic use and its harmful impact on the environment are the prime factors that hamper the market growth in the forecasting years. Further, the growing awareness and preference for home healthcare has created opportunities in the market for new and existing players.

Global IV Bags Market Segmentation

The overall iv bags market has been segmented into material, capacity, container, therapeutics, and region.

• By Material (Polypropylene, Polyvinyl Chloride, Polyethylene, Glass, Others)
• By Capacity (0-250 ml, 250-500 ml, 500-1000ml, above 1000 ml)
• By Container (Plastic Containers, Glass Containers)
• By Therapeutics (Parenteral Nutrition, Intravenous therapy)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Plastic Containers segment is at the highest CAGR during the forecast period

The Plastic Containers segment is expected to grow at the highest CAGR during the forthcoming period. PVC is used in over 25% of all plastic healthcare items, including IV bags. PVC is a rigid and brittle material. Certain PVC types have been shown to be carcinogenic in nature, reducing the market share of PVC-based fluid bags. As the demand for personalized and novel intravenous containers and fluid bags is expanding, this market is growing.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. due to rising healthcare spending, more patient awareness, and a growing desire for technologically innovative and cost-effective healthcare solutions.

Factors such as an rise in the number of chronic disease patients and an increase in the urban population are expected to favor the Asia Pacific iv bags market. The growing geriatric population, increasing respiratory problems, and kidney issues are further expected to accelerate the market's growth rate.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the iv bags market. It also consists of the profiles of leading companies such as  Baxter international Inc., Technoflex, POLYCINE GmbH, ICU Medical, Inc, Sippex IV bags, Kraton Performance Polymers Inc, Angiplast Private Limited, Renolit, Hospira Incorporation, Amcor, Company 11, Company 12, Company 13, Company 14 and Company 15. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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