USD 6 billion
Global Intravenous IV Fluid Bags Market Size, Share, Growth Analysis, By Fluid Type(Total Parenteral Nutrients, Peripheral Parenteral Nutrition), By Nutrients(Carbohydrates, Vitamins) - Industry Forecast 2024-2031
Report ID:
SQSG35A2033 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
65 |
Figures:
75
Global Intravenous IV Fluid Bags Market Insights
Intravenous IV Fluid Bags Market size was valued at USD 6 billion in 2019 and is poised to grow from USD 6.21 billion in 2023 to USD 9.2 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Peripheral Parenteral Nutrition
Fastest Growth
Peripheral Parenteral Nutrition
Growth Rate
4.9% CAGR
Global Intravenous IV Fluid Bags Market ($ Bn)
Country Share for North America Region (%)
Country Share for Aisa Pacific Region (%)
Global Intravenous IV Fluid Bags Market By Fluid Type ($ Bn)
Global Intravenous IV Fluid Bags Market By Fluid Type (%)
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Global Intravenous IV Fluid Bags Market Segmental Analysis
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.
Global Intravenous IV Fluid Bags Market By Fluid Type, 2023 (%)
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Global Intravenous IV Fluid Bags Market Regional Insights
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.
Global Intravenous IV Fluid Bags Market By Region, 2024-2031
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Global Intravenous IV Fluid Bags Market Dynamics
Intravenous IV Fluid Bags Market Driver
- The aging population is a factor in the expansion of the intravenous fluid bags industry globally. Aging causes a variety of illnesses, which in turn increases the need for effective drug administration techniques. Drugs administered intravenously are preferred to those administered orally because the former produce outcomes more quickly and accurately. Increased consumer knowledge is expected to result in a preference for intravenous fluid administration, which will support market expansion over the course of the projected period.
Intravenous IV Fluid Bags Market Restraint
- Many authorities are worried about the possibility of infection and vein collapse brought on by the needle remaining in place for an extended period of time, which could hurt the IV bag market. Nutrient imbalance in the patient's body can also be brought on by inadequate monitoring of intravenous therapy.
- The IV fluid bags market may be hindered by the availability of alternatives such as plastic bottles, glass bottles, and infusion pumps to control the flow of solution into veins. Children should not be exposed to an electrolyte solution of this size, which is typically manufactured in IV bags of the standard 1 liter size.
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Global Intravenous IV Fluid Bags Market Competitive Landscape
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
- Baxter International Inc.
- B. Braun Melsungen AG
- Hospira Inc. (Pfizer Inc.)
- Sippex IV Infusion Bags
- Otsuka Pharmaceutical Co. Ltd.
- Amcor Limited
- Wipak Group
- KRaton Corporation
- ICU Medical Inc.
- Renolit SE
- West Pharmaceutical Services Inc.
- Nipro Corporation
- PolyCine GmbH
- Terumo Corporation
- Grifols S.A.
- Fresenius SE & Co. KGaA
- Angiplast Private Limited
- Maco Pharma
- Technoflex
- Polycine GmbH
Intravenous IV Fluid Bags Market Recent Developments
- In January 2021, Critical care wards in England were completely occupied. One of the key components in managing these patients is nutritional care. Due to the fact that many patients, particularly the elderly population, are put on ventilators and are unable to swallow food, this has increased the demand for intravenous (IV) fluids.
Global Intravenous IV Fluid Bags Key Market Trends
- One of the main factors boosting the growth of the medical fluid bags market globally is the increase in the prevalence of various chronic diseases like diabetes, cancer, cardiovascular diseases, kidney, and liver infections. Additionally, the industry will grow as gastrointestinal diseases become more common, especially among the elderly population. The use of PVC-based medical fluid bags can have negative health effects on patients, and improper disposal can have a negative environmental impact. These issues could slow the market's expansion. On the other hand, the use of intravenous fluid bags has increased significantly due to the global expansion of hospitals and the healthcare industry.
Global Intravenous IV Fluid Bags Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6 billion |
| Market size value in 2031 | USD 9.2 billion |
| Growth Rate | 4.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Intravenous IV Fluid Bags Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Intravenous IV Fluid Bags Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Intravenous IV Fluid Bags Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Intravenous IV Fluid Bags Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Intravenous IV Fluid Bags Market Report Snapshots
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