Global IV Bags Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025

Global IV Bags Market was Valued at US$ XX Mn in 2018, Due to Increase in Prevalence of Chronic Diseases and Rise in Adoption of Intravenous Therapy
Analyst Speak:

“The Global IV Bags Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025” owing to increase in aging population and increasing demand for storage of blood and blood products.

The Global IV bags market was valued at US$ XX Mn in 2018 and growing at a significant CAGR over the forecast period due to increase in geriatric population and increase in prevalence of chronic diseases and strategic decisions by the market players for the storage of blood and blood products are major factors that drive the growth of the market over the forecast period. Moreover, the growing penetration of medical facilities in underdeveloped countries offers lucrative opportunities over the forecast period. However, stringent regulatory policies and availability of alternatives such as plastic and glass bottles and improper monitoring of intravenous therapy expected to hinder the growth of the market.

Global IV Bags market segmented on the basis of product type, material type, size, application, and distribution channel.

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0-250 ml Bags Segment, by Size Leads the IV Bags Market with highest revenue share

Based on size, global IV bags market is segmented into 0-250 ml, 250-500 ml, and 500-1000 ml. 0-250 ml bags segment registered highest revenue share in 2018 and expected to dominate over the forecast period owing to growing demand for the blood and easy transportation of this bags boosts the growth of the market. However, PVC segment revenue is expected to decrease owing to the risk of release of toxins in the packaged solution.
North America Dominates the Global IV Bags Market

PBI’s Global IV bags market report analyses the market in different countries such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. According to geographical analysis, North America dominates overall revenue share in 2018 and the same trend is projected to follow over 2019-2025 due to increasing demand for the blood and blood products and increase in R&D activities for innovation drives the growth of the market over forecast years.

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Launch of New products and Expansion of Product Portfolio are the key strategies adopted by the market players

Market Players are increasingly adopting the strategies such as launch of new products into the market and expanding their product portfolio to enhance their revenue and strengthen their position in the market. For instance, In August 2017, Fresenius Kabi Canada launched Moxifloxacin Injection 1.6mg/mL freeflex Bag 250 mL

Key player’s profiles in the report are ICU Medical, Inc. (U.S.), Medline Industries, Inc. (U.S.), Kraton Corporation (U.S.), Braun Melsungen AG (Germany), Hospira Inc. (Pfizer, Inc.) (U.S.)
Otsuka Pharmaceutical Co. Ltd. (Japan), Haemotronic S.p.A (Italy), Wipak Group (Germany), Fresenius SE & Co. KGaA (Germany), Polycine GmbH (Germany)

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Precision Business Insights (PBI) in its report titled “Global IV Bags Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

By Product Type
o Single Chamber IV Bags
o Multi-Chamber IV Bags
By Material Type
o Polypropylene
o Polyvinylchloride (PVC)
o Ethylene Vinyl Acetate
o Copolyester Ether
By Size
o 500-1000 ml
o 250-500 ml
o Up to 250 ml
By Application Type
o Blood Storage
o Blood Transfusions
o Medications
o Electrolyte Imbalance
By Distribution Channel
o Hospital Pharmacies
o Retail Pharmacies
o Online Pharmacy
Region

o North America
o Europe
o Asia Pacific
o Latin America
o Middle East Africa

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