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Non-PVC IV Bags Market Size Worth $3.19 Billion By 2028 | CAGR: 9.9% Exclusive Report by Polaris Market Research

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Non-PVC IV Bags Market Size Worth $3.19 Billion By 2028 | CAGR: 9.9% Exclusive Report by Polaris Market Research

October 20
23:24 2021
Non-PVC IV Bags Market Size Worth $3.19 Billion By 2028 | CAGR: 9.9% Exclusive Report by Polaris Market Research
Polaris Market Research
The global non-PVC IV bags market was valued at USD 1.53 billion in 2020 and is expected to reach USD 3.19 billion by 2028 to grow at a CAGR of 9.9% during the forecast period 2021 – 2028

The global 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. The report “Non-PVC IV Bags Market Share, Size, Trends, Industry Analysis Report, By Product (Single Chamber, Multi-Chamber); By Material; By Content (Frozen Mixture, Liquid Mixture); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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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Key Companies Include:

Baxter, Angiplast Pvt. Ltd., RENOLIT, Jiangxi Sanxin Medtec Co., Ltd., PolyCine GmbH, Shanghai Xin Gen Eco-Technologies Co., Ltd., B. Braun Melsungen AG, Pfizer, Inc., and Kraton Corp.

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

Non-PVC IV Bags, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Austria
    • Netherlands
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
    • Malaysia
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • South Africa
    • UAE

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Other Studies Relevant to this industry: https://www.polarismarketresearch.com/industry/Healthcare

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers

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