Global Intravenous IV fluid bags Market

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.

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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).

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. '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'

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.

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.

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.

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Global Intravenous IV fluid bags Market

Product ID: SQSG35A2033

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