The “Non PVC IV Bags Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Non PVC IV Bags Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global non-PVC IV bags market size was US$ 1.6 billion in 2021. The global non-PVC IV bags market is forecast to grow to US$ 4.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.
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Non-PVC IV bags are intravenous bags that contain non-polyvinyl chloride film. The bags are safe to use and are lightweight in nature. In addition, they also possess a low risk of contamination, less pollution, and are compatible and convenient.
Factors Influencing the Market
The increasing awareness related to preventive measures to prevent errors, such as the delivery of the inappropriate dose, will surge the growth of the market. The beneficial properties of non-PVC IV bags, such as the lightweight and low risk of contamination, will contribute to the growth of the market.
Increasing concerns on the problems related to traditionally-used IV containers, such as the interaction of drugs & packing materials and difficulty in transport, handling, & disposal of containers, will surge the demand for non-PVC IV bags.
The growing prevalence of chronic diseases and the applications of non-PVC IV bags in chemotherapy and targeted drug delivery will escalate the market growth.
The introduction of novel materials and different bags designs will accelerate the growth of the market. For instance, In July 2016, B. Braun Melsungen AG unveiled its flexible plastic IV bag, DUPLEX Container. The product was specifically designed to streamline intravenous delivery to patients.
The beneficial applications of non-PVC IV bags for frozen mixtures, such as high instability and durability, as compared to PVC bags, will benefit the overall market during the study period. On the contrary, the high cost of non-PVC IV bags may limit the growth of the market.
Regional Analysis
The Asia-Pacific non-PVC IV bags market is estimated to hold the highest CAGR due to improving healthcare expenditure and growing spending on healthcare. Furthermore, growing awareness about technologically advanced healthcare solutions will soar the demand for medical specialty bags. In addition, the increasing rate of the geriatric population, growing prevalence of chronic diseases, and rising healthcare costs will contribute to the growth of the Asia-Pacific non-PVC IV bags market.
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COVID-19 Impact Analysis
The wake of the COVID-19 pandemic was an eye-opener for many economies to focus more on healthcare. Many governments increased the healthcare expenditure for their respective nations. Furthermore, growing consumer spending on healthcare and improving healthcare infrastructure will benefit the non-PVC IV bags market even after the pandemic.
Competitors in the Market
- PolyCine GmbH
- RENOLIT
- Jiangxi Sanxin Medtec Co., Ltd.
- Kraton Performance Polymers, Inc.
- Shanghai Solve Care Co., Ltd.
- Cryovac Inc. (Sealed Air)
- Shanghai Xin Gen Eco-Technologies Co., Ltd
- ANGIPLAST PVT. LTD.
- Other Prominent Players
Market Segmentation
The global non-PVC IV bags market segmentation focuses on Type, Material, and Region.
By Type Outlook
- Single Chamber
- Multi-Chamber
By Material Type Outlook
- Ethylene-vinyl acetate
- Polypropylene
- Copolyester ether
By Content Type Outlook
- Frozen Mixture
- Liquid Mixture
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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