Intravenous Product Packaging Market -
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Intravenous product such as catheters and IV fluid bags are mainly used to prevent and treat various chronic illness such as cancer and ophthalmic diseases. Increased sales of intravenous products has boosted overall demand for innovative packaging products. As a result, many packaging companies are trying to capitalize on the intravenous product market.
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Growth in demand for intravenous product packaging is expected to remain strong for several reasons. First, chronic illness is proliferating rapidly owing to changing lifestyle and increased geriatrics population. As a result, demand for sterilized intravenous product has increased. This in turn is propelling overall sales of packaging material for intravenous products. Second, many packaging companies has set up direct distribution channel to facilitate easy flow of business and thereby minimize overall run cost.
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Rising investment in product innovation, rapidly evolving regulatory compliances, increasing medical supplies market, and focus on distribution network has altogether driven the intravenous product packaging market. Despite the momentum and growth intravenous product packaging industry has witnessed over the past few years, availability of alternative product is a major challenge to overall growth of the industry.
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