Non-PVC IV Bags Market Size & Share Growing at 9.9% CAGR, to Reach $3.19 Billion By 2028: Polaris Market Research
The non-PVC IV bags market size is expected to reach USD 3.19 billion by 2028 according to a new study by Polaris Market Research.
Major factors contributing to the upward growth of the global market include the adoption of advanced materials for the production of containers along with the increase in the use of chemotherapy in oncology. The other driving factors for the growth of the market are improved healthcare infrastructure in developing economies and stringent regulations against the production of PVC containers.
The increase in cases of cancer has increased the use of chemotherapy drugs. In the U.S. alone there were around 1.8 million cancer cases diagnosed, in 2020. It is estimated that the use of chemotherapy will be increased by 53% between 2018 and 2040. The emergence of new targeted drugs in cancer therapeutics has increased the chemotherapy in cancer treatment when compared to other forms of cancer treatment.
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Non-PVC bags are of two types that include single chamber and multiple chamber bags. Single chambers are most widely used as they are suitable for drips and storage of sterile water. The containers are used to pack both the liquid mixture and the frozen mixture. containers are primarily used in liquid mixtures since these containers are adopted more in blood banks and drips. Frozen mixtures such as methylprednisolone and ceftriaxone are also packaged in non-PVC containers.
Companies are increasingly introducing new products in the industry. In March 2021, Fagron Sterile Services U.S. launched a new platform of intravenous (IV) containers for the packaging of COVID-19 medications such as HYDROmorphone, fentaNYL, and Midazolam. In December 2020, Fresenius Kabi announced the introduction of acetaminophen injection in free flex containers for the U.S. market.
COVID-19 is expected to fuel the growth of the global industry for non-PVC containers during the forecast period. The severely infected need hospitalization and they will require ventilator and oxygen support. The increased hospitalization will increase the usage of bags in the treatment of COVID-related complications.
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Polaris Market Research has segmented the non-PVC IV bags market report on the basis of product, material, content, and region:
Non-PVC IV Bags, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Single Chamber
- Multi-Chamber
Non-PVC IV Bags, Material Outlook (Revenue – USD Million, 2016 – 2028)
- Ethylene Vinyl Acetate
- Polypropylene
- Co-polyester Ether
- Others
Non-PVC IV Bags, Content Outlook (Revenue – USD Million, 2016 – 2028)
- Frozen Mixture
- Liquid Mixture
| ATTRIBUTES | DETAILS |
|---|---|
| Estimated Year | 2022 |
| Base Year | 2021 |
| Forecast Year | 2030 |
| Historical Year | 2018-2020 |
| Unit | Value (USD Million/Billion) |
| Segments Covered | Types, Applications, End-Users, and more. |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| By Region | North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
| Customization Scope | We customize your report according to your research need. Ask our sales team for report customization. |
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Geographic Segment Covered In The Report:
The section encloses challenges and opportunities in the region. All major regions and countries have been covered. The regional analysis will help Non-PVC IV Bags Market players identify new regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
Recent Market Updates Covered in this Report:
- Top key segments holding the major market share from 2022 to 2030
- Top companies are working with a sense of urgency and consumer focus
- Business Trends, Drivers, and Restraints that will define 2022 – and beyond
- Future Economic Impact Analysis – COVID – 19 Recovery Scenarios to 2030
- North America is expected to dominate the Overall Non-PVC IV Bags Market
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