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Sales of Non-PVC IV Bags Market will climb to US$ 6.5 Bn by the end of 2033 at a CAGR of 12.9% | PMR Study

04-04-2023 10:39 AM CET | Health & Medicine

Press release from: Persistence Market Research

Sales of Non-PVC IV Bags Market will climb to US$ 6.5 Bn by the end

The Non-PVC IV bags market is a rapidly growing industry, driven by the increasing demand for safer and environmentally friendly alternatives to traditional PVC IV bags. PVC, or polyvinyl chloride, is a commonly used material in medical devices and equipment, including IV bags. However, PVC has been linked to harmful effects on human health and the environment, leading to the development and adoption of non-PVC alternatives.

A newly released Non-PVC IV Bags Market analysis report by Persistence Market Research shows that global sales of Non-PVC IV Bags in 2022 was held at US$ 1.8 Bn. With a CAGR of 12.8% during 2023 - 2033, the market is projected to reach a valuation of US$ 6.5 Bn by 2033. Single Chamber is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 12.9% during 2023 - 2033.

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The non-PVC IV bags market is driven by a growing demand for safer and more sustainable healthcare products. The use of PVC in medical devices has been linked to health hazards, including cancer, birth defects, and endocrine disruption. Non-PVC alternatives, such as polyolefin and polyethylene, are free from harmful additives and are biocompatible, making them a safer option for patients and healthcare workers.

 Companies

Baxter
B. Braun Melsungen AG
Pfizer, Inc.
Fresenius Kabi AG
JW Life Science
Renolit
PolyCine GmbH.
Sealed Air
Shanghai Xin Gen Eco-Technologies Co., Ltd.
Angiplast Pvt. Ltd.
Shanghai Solve Care Co Ltd.
Kraton Corporation

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Another factor driving the growth of the non-PVC IV bags market is the increasing emphasis on environmental sustainability. PVC is a non-renewable material that is difficult to recycle and can release harmful chemicals into the environment during its lifecycle. Non-PVC materials are often more environmentally friendly, with some options being fully recyclable or made from renewable resources.

The non-PVC IV bags market is also being propelled by regulatory changes and initiatives. Many governments and regulatory bodies have introduced policies to limit the use of PVC in medical devices and promote the adoption of safer and more sustainable alternatives. For example, the European Union's REACH regulation restricts the use of certain harmful chemicals in medical devices, including PVC.

Some of the recent developments of key Non-PVC IV Bags providers are as follows:

In April 2022, Fresenius Kabi announced the introduction of two new Heparin Sodium presentations in ready-to-administer and handy Freeflex IV bags in the United States.

In 2022, Fagron Sterile Services announced the launch of a PVC-free, environmentally friendly IV bag product line.

In May 2019, Sihuan Pharmaceutical Holdings Group Ltd and its affiliated firm Beijing Ruiye Drugs Manufacture Co. Ltd jointly introduced the non-PVC solid-liquid double chamber bag for ceftazidime/sodium chloride injection.

If you want to Purchase Specific Insights by Segment/Region/Competitor, Request For Customization @ https://www.persistencemarketresearch.com/request-customization/16795

Scope for Non-PVC IV Bags Market Analysis

By Product Type

Single Chamber
Multi Chamber

By Material Type

Ethylene Vinyl Acetate (EVA)
Polypropylene
Copolyester Ether
Other Material Types

By Content

Frozen Mixture
Liquid Mixture

By Region

North America
Latin America
Europe
APAC
MEA

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About Us

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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