The global Empty IV Bags market size was valued at USD 2.99 Billion in 2018 and is projected to grow at a CAGR of 9.2% during the forecast period 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Empty IV Bag market.Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Empty IV Bag market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Intravenous therapy bags, also known as IV bags, are given to patients who have trouble eating in order to administer medications or nutritional supplements as well as to prevent dehydration and maintain blood pressure. During the forecast period of 2021–2031, the market for empty IV bags is anticipated to experience significant development. Empty IV bags will become increasingly popular as people become more conscious of the non-PVC IV bags’ favorable environmental effects. Along with rising government efforts to support healthcare and awareness, an increase in the prevalence of malnutrition on a global scale is another factor driving the rise in demand for empty IV bags.
Empty IV Bag market size estimates and forecasts are given in terms of sales volume (K units) and revenue (million USD). Historical and projected data are given for the years 2017 through 2030, with 2022 serving as the benchmark year. In-depth market segmentation for Empty IV Bags is provided in this study. Also provided are regional market sizes for goods broken down by type, application, and player. We considered the COVID-19 and other worldwide crises’ effects when determining the market’s size.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Empty IV Bag market, which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Empty IV Bag market, are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Hospital, clinic, and other are the application segments of the worldwide empty IV bag market. Due to the rising incidence of infectious diseases like COVID-19 around the world in 2019, the hospital sector dominated the market in terms of revenue.
Due to growing awareness of preventive healthcare and rising demand for diagnostic testing services, the clinic segment is anticipated to expand faster than the hospital segment. Due to the rising adoption of cutting-edge medical technologies like gene sequencing and artificial intelligence, the other application segment is anticipated to experience the greatest growth rate in the global market for empty IV bags.
Based on types, the Empty IV Bag market is segmented into:
- PVC Empty IV Bags
- Non-PVC Empty IV Bags
Based on application, the Empty IV Bag market is segmented into:
- Hospital
- Clinic
By Chamber Type
- Single Chamber
- Multi-chamber
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Recent Development
The Hospira Infusion Systems (HIS) business was purchased by ICU Medical, Inc. from Pfizer, Inc. in February 2017. IV solutions, pumps, and equipment are all part of the HIS company. With the aid of this acquisition, the business has been able to improve the infusion therapy market and grow its global market share.
ICU Medical, Inc. and Scripps Health entered into a contract in April 2019 for Scripps Health to buy ICU Medical’s IV consumables & solutions as well as its Plum 360 infusion system, which is based on the ICU Medical MedNet IV medication safety software.
Regional Analysis
In terms of revenue share in 2019, the empty IV bag market was controlled by Asia Pacific. Because of rising healthcare costs and growing patient knowledge of cutting-edge treatment options, the area is anticipated to maintain its leadership over the course of the forecast period. The demand for empty IV bags in this area will also increase due to the expanding medical tourism industry brought on by the accessibility of cutting-edge treatments at reasonable prices. Compared to the other regions, Latin America is anticipated to grow more slowly during the forecast era. This is a result of the region’s rising healthcare costs and high inflation rates. Empty IV bag demand is anticipated to rise in Latin America, driven by rising hospital and clinic demand. The Middle East and Africa region is anticipated to grow faster than other regions during the forecast time. This is brought on by growing local medical tourism business and growing awareness of cutting-edge treatment options.
Regional Empty IV Bag market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Empty IV Bag market include:
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- Empty IV Bag market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the Empty IV Bag market:
Sippex IV Bag (U.S), Technoflex (Japan), Wipak Group (Germany), Baxter (U.S), B. Braun (Germany), ICU Medical, Inc. (U.S), POLYCINE GmbH
Recent Development
The Hospira Infusion Systems (HIS) business was purchased by ICU Medical, Inc. from Pfizer, Inc. in February 2017. IV solutions, pumps, and equipment are all part of the HIS company. With the aid of this acquisition, the business has been able to improve the infusion therapy market and grow its global market share.
ICU Medical, Inc. and Scripps Health entered into a contract in April 2019 for Scripps Health to buy ICU Medical’s IV consumables & solutions as well as its Plum 360 infusion system, which is based on the ICU Medical MedNet IV medication safety software.
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