Product ID: SQMIG35B2050
Report ID: SQMIG35B2050 | Region: Global | Published Date: September, 2022 | Pages: 157 | Tables: 64 | Figures: 75
Non-PVC IV Bags Market size was valued at USD 1.69 billion in 2021 and is poised to grow from USD 1.73 billion in 2022 to USD 3.97 billion by 2030, growing at a CAGR of 10.9% in the forecast period (2023-2030).
Non-PVC IV bags are considered to be naturally safe and practical to handle and transport. The use of these bags is crucial in operating rooms. These bags are in higher demand in the oncology division. Non-PVC IV bags are used to prevent contamination and assist in lowering the risk connected with using conventional IV bags. Traditional IV bags contain elements like PVC that could interact with the medications inside and cause undesirable compounds to develop. Drugs in IV bags do not react with non-PVC IV bags, and they are simple to discard.
Parenteral feeding and chemotherapy are the two main uses for non-PVC IV bags. PVC packaging is probably going to be replaced by non-PVC equivalents like polypropylene and EVA with the introduction of several sorts of alternatives like EVA and polypropylene. These materials can be used for a variety of tasks, including custom combinations and cold or frozen storage. Therefore, the non-PVC IV bags market is anticipated to develop over the forecast period because to the wide range of applications for these bags.
US Non-PVC IV Bags Market is poised to grow at a sustainable CAGR for the next forecast year.
To get more reports on the above market click here to Buy The Report
The global non-PVC IV bags market is segmented based on the product, material, and region. Based on the product, the global non-PVC IV bags market is segmented as single chamber, multi chamber, and others. Based on material, the global non-PVC IV bags market is segmented as ethylene vinyl acetate, polypropylene, copolyester ether, and others. Based on region, Non-PVC IV Bags Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Non-PVC IV Bags Market Analysis by Product
Based on the product, in 2021, the single chamber sector held the highest share with 63.7%. Since single-chamber IV bags were the first IV containers, their use is currently widespread and is expected to continue in the future. As plastic bags are easier to handle, carry, and dispose of than glass containers, the use of non-PVC materials has sped up this transition. In addition to sterile water, drip bags, and irrigation fluids are frequently utilized intravenous solutions. Single-chamber bags are therefore often utilized, and the market for them is anticipated to expand during the projected period.
According to estimates, the multi-chambered category will increase at the quickest rate during the projection period. For intravenous therapy when a patient needs to receive a variety of drugs, multi-chambered IV bags are preferred. Multi-Chamber IV bags are made from materials like non-PVC film, which is frequently utilized in the healthcare sector for any emergency circumstance and has easy peel-off and quick seal features. Additionally, multi chamber IV bags are advantageous for the pharmaceutical business since they have a very short wait time during production unit opening hours, which reduces the inefficiency of regular IV bags that are widely available.
Non-PVC IV Bags Market Analysis by Material
The global non-PVC IV bags market has been segmented on the basis of materials as ethylene vinyl acetate, polypropylene, copolyester ether, and others. Among these, with a market share of around 33.72% in 2021, the ethylene vinyl acetate sector is expected to increase at a significant rate during the forecast period. The most popular PVC substitute, EVA, held the largest market share in 2020. EVA is projected to be employed extensively in blood banks and during the preservation of frozen mixes. The considerable segment share is being driven by factors such as rising recognition and high demand for blood and blood component storage as a result of a rise in the number of blood banks over the anticipated timeframe. Furthermore, the high frequency of chronic renal illnesses and the growing understanding of parenteral nutrition therapy are predicted to be the main factors driving the need for ethylene-vinyl acetate (EVA) infusion bags.
During the anticipated period of study, it is anticipated that the co-polyester ether segment will develop at the quickest rate. Co-polyester ether has a number of advantages, including toughness, transparency, chemical resistance, and resistance to a range of sterilizing techniques, including autoclave, radiation, and electron beam. By including more components like polypropylene and other polyolefin resins, copolyester ether becomes stronger.
To get detailed analysis on other segments, Request For Sample Report
North America held the largest share of the non-PVC IV bags market. The need for non-PVC IV containers, which can treat patients without endangering them, has surged in the United States as a result of stringent rules aimed at enhancing patient safety. Additionally, as the incidence of stomach cancer has grown over the past few years, so too has the demand for IV bags. For instance, according to the American Cancer Society, there will likely be 27,600 cases of stomach cancer diagnosed in the United States in 2020, which implies that 11,010 patients will pass away from the disease. Stomach cancer patients are unable to swallow food, thus they must fully rely on total parenteral nutrition to meet their nutritional needs and ensure their life.
The highest CAGR is anticipated to be seen in the Asia-Pacific region over the foreseeable period. Increased foreign direct investment, the emergence of local manufacturers who spur demand abroad by offering goods at competitive prices, and the rapid development of the healthcare infrastructure, including an increase in the number of hospitals, clinics, and blood banks, are all factors that are significantly influencing the industry's expansion.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Non-PVC IV Bags Market Driver
Non-PVC IV Bags Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global non-PVC IV bags market is relatively fragmented, with a high level of competition. Many businesses are putting an emphasis on organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were two examples of inorganic growth tactics in the market. These actions have made it possible for market participants to grow their consumer bases and operations. With the increasing demand for non-PVC IV bags in the global industry, it is projected that market participants for non-PVC IV bags would have profitable growth prospects in the future.
Top Players in the Global Non-PVC IV Bags Market
Non-PVC IV 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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global non-PVC IV bags market analysis, in terms of product. Single chamber sector accounted for the major share of 63.7% in 2021. Also, due to more rigorous laws about hospital acquired diseases, improper dose delivery, and the need for creative IV containers, the need for non-PVC bags is gradually rising. A few other factors driving the growth of the non-PVC IV bag market include technological advancements in providing quality services and an increase in hospitals around the world. The traditional IV containers caused drug interactions with the packaging material and were difficult to transport, especially glass vials.
|Market size value in 2021||USD 1.69 billion|
|Market size value in 2030||USD 1.73 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)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Non-PVC IV 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 Non-PVC IV 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Non-PVC IV Bags Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Non-PVC IV 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.