Increased use of injections for delivering fluids and medicines, among other liquid nutritional substances directly into the bodies of patients with swallowing issues is contributing to the expansion of the global IV bags market.
IV Bags Market
Global IV Bags Market: Overview
IV bags are used to deliver liquid substances directly into veins. As the IV bags meet various medical requirements, such as preserving capacity, sterilization, transportation, and handling needs, the global IV bags market is anticipated to gain more popularity in the upcoming years.
Global IV Bags Market: Growth Factors
Increased use of injections for delivering fluids and medicines, among other liquid nutritional substances directly into the bodies of patients with swallowing issues is contributing to the expansion of the global IV bags market. In addition, the easy availability, ease of use, cost-effectiveness, and varied kinds based price range and materials make IV bags a popular medical tool, which, in turn, is fuelling the growth of the market for global IV bags. The growing penetration of the clinical facilities, particularly in emerging economies, is also fuelling the expansion of the global IV bag market.
Increase in the cases of counterfeiting of the IV bags and chemical leaching, among other factors, might hamper the global development of IV bags market.
Global IV Bags Market: Segmentation
The global IV bag market can be classified in terms of material type, end-use, chamber type, and size. On the basis of type, the IV bags market can be fragmented into PVC, ethylene vinyl acetate, polypropylene (PP), and copolyester ether. The PP segment is anticipated to be the most popular in the upcoming years. This is due to this segment’s non-reactive and chemically inert nature in relation to the packaged solution. Based on end use, the market for IV bags can be divided into to deliver medications, to rectify electrolyte imbalances, blood storage, and blood transfusions. On the basis of chamber type, the IV bag market can be categorized into single and multi chambers. The multi-chamber segment is preferred more, due to the ease with which they deliver more than one fluid simultaneously. Based on size, the IV bag market can be bifurcated into more than 1,000 ml, between 500 and 1,000 ml, between 250 and 500 ml, and between 0 and 250 ml.
Global IV Bags Market: Regional Analysis
Based on regions, the global market for IV bags can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The North America region is projected to lead the global IV bags market in the upcoming years. This is due to the region’s extensive scope in the healthcare division, mainly owing to the high number of obese population, who are more prone to diseases. The Asia Pacific region is anticipated to show a good growth rate in the IV bags market in the coming years. This is due to the growing penetration of healthcare facilities in rural sectors, densely populated districts, and increased knowledge and demand for a healthier life.
Global IV Bags Market: Competitive Players
Some of the key players of the global IV bags market include Kraton Performance Polymers Inc., Technoflex, Angiplast Private Limited, Renolit, Hospira Incorporation, Baxter International, Sippex, Medline Industries, B. Braun Melsungen, Wipak Group Management, ICU Medical, West Pharmaceutical Services, Polycine, Medicopack, The Metrix Company, Otsuka Pharmaceutical, Terumo, Nipro, Minigrip, Amcor, Qosina Corporation, Alfa Laboratories, Macopharma, and Fresenius, among others.
Global IV Bags Market: Regional Segment Analysis
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