USD 6 billion
Report ID: SQSG35A2033 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 65 | Figures: 75
Intravenous IV Fluid Bags Market size was valued at USD 6 billion in 2021 and is poised to grow from USD 6.21 billion in 2022 to USD 9.2 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).
Medical fluid bags come in a range of sizes and are made of an interior pouch and an outer plastic coating. The fluids are protected by the compartmentalization of these bags into an inner pouch and an outside coating up until the proposed expiration date written on the bags. These bags are frequently employed in healthcare settings with a multipurpose approach to maintain adequate sterilized conditions for the blood samples that help in assuring infection-free premises, slowing the transmission of disease, and preventing any loss of blood samples or medications. Additionally, these bags are employed in fluid replacement therapy, which is carried out to guarantee proper body fluid collection, blood transfusions, electrolyte imbalances, and maintenance of the patient's healthy nutritional intake via an oral or enteral route of administration.
End-users are using disposable IV fluid bags more frequently in an effort to prevent hospital-acquired infections, cross-contamination, and to lower healthcare costs. They are also becoming more popular in blood bank facilities to meet the demands for emergency blood infusions as well as to treat various blood-borne illnesses. Additionally, to deliver IV fluids precisely and safely, PVC-free bags made of non-latex components are being produced by IV fluid bag manufacturers. These fluid bags can also be used to store customized mixtures that are cold, frozen, or both. As a result, the market is expected to grow due to an increasing number of innovations as well as a growing preference for IV fluid bags over conventional IV bags in the years to come.
US Intravenous IV Fluid Bags Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6 billion
Peripheral Parenteral Nutrition
Peripheral Parenteral Nutrition
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The global Intravenous IV fluid bags market is segmented based on fluid type, nutrient, and region. Based on fluid type, the Intravenous IV Fluid Bags Market is segmented into total parenteral nutrition and peripheral parenteral nutrition. On the basis of nutrient, the Intravenous IV Fluid Bags Market can be bifurcated into carbohydrates, vitamins and minerals, single dose amino acids, parenteral liquid emulsion segments. The regional insights of the Intravenous IV Fluid Bags Market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Intravenous IV Fluid Bags Market Analysis by Fluid Type
With a 66.0%sales share in 2021, the total parenteral nutrition (TPN) segment had the biggest revenue share. Additionally, it is expected that during the forecast year, this segment will have the fastest CAGR. This is a result of the prevalence of gastrointestinal conditions including Ulcerative Colitis (UC) and Crohn's Disease (CD), in which patients cannot absorb critical nutrients; as a result, these nutrients must be administered intravenously. The increase in the elderly population, whose patients require intravenous feeding of nutritionally vital goods, can also be attributable to the expansion.
Intravenous IV Fluid Bags Market Analysis by Nutrients
In 2021, the category selling single-dose amino acid solutions had the highest revenue share (31.5%). A single-dose amino acid solution is administered to the patient when the patient's metabolic needs for protein are noticeably increased as a result of severe burns, the gastrointestinal system is destroyed, and the alimentary tract cannot be used in such circumstances.
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In 2021, North America held the largest share of the global market and generated more than 40.7% of the total revenue. This is owing to increase in the number of elderly people, which raises the demand for intravenous solutions, the prevalence of chronic diseases, and the industry's expansion in response to the flu and coronavirus pandemic's increased demand. During the projection period, the Asia-Pacific region is anticipated to have the quickest CAGR.
The high rate of growth in this area can be attributed to the fact that both public and private organizations spend a lot of money on research, as well as to advancements in technology and an increase in partnerships between different groups of stakeholders, such as universities and the medical community. Additional important factors that are anticipated to fuel market growth in the Asia Pacific region include the rising prevalence of chronic diseases brought on by bad eating habits and the rising desire for cost-effective treatments.
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Intravenous IV Fluid Bags Market Driver
Intravenous IV Fluid Bags Market Restraint
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The top players are concentrated on expansion tactics such as teaming up with successful individuals and national initiatives or programmes that advertise their goods. Key development strategies, market share analysis, and market ranking analysis of the players globally are also included in the competitive landscape section.
Top Players in the Global Intravenous Fluid Bags Market
Intravenous IV Fluid Bags Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global intravenous fluid bags market is segmented based on fluid type, application, end-user and regions. With a 66.0% sales share in 2021, the total parenteral nutrition (TPN) segment had the biggest revenue share. In 2021, the category selling single-dose amino acid solutions had the highest revenue share (31.5%). In 2021, North America held the largest share of the global market and generated more than 40.7% of the total revenue.
|Market size value in 2021||USD 6 billion|
|Market size value in 2030||USD 6.21 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Intravenous IV Fluid Bags Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Intravenous IV Fluid Bags Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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