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Non-PVC IV Bags Market is projected to reach a Revenue of US$ 6.5 Bn at a CAGR of 12.9% from 2023 to 2033

04-21-2023 07:09 AM CET | Health & Medicine

Press release from: Persistence Market Research

The non-PVC IV bags market refers to the segment of the medical industry that produces and distributes intravenous (IV) bags that are made without polyvinyl chloride (PVC) material. Non-PVC IV bags are made from alternative materials, such as polypropylene, polyethylene, and ethylene vinyl acetate (EVA). These bags are used for the storage and administration of a wide range of intravenous solutions, including saline, dextrose, and medications.

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 global non-PVC IV bags market has been growing rapidly in recent years, and is expected to continue to do so in the coming years. This growth is primarily driven by the increasing demand for safer and more eco-friendly medical products, as well as the growing awareness of the harmful effects of PVC material on both the environment and human health.

One of the major trends in the non-PVC IV bags market is the shift towards more sustainable and environmentally friendly products. Non-PVC IV bags are typically made from materials that are less harmful to the environment, such as polypropylene, which can be recycled or incinerated without producing harmful emissions. This trend is particularly evident in developed countries, where healthcare providers are increasingly focused on reducing their environmental footprint.

Companies

Baxter
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 trend in the market is the increasing demand for non-PVC IV bags in emerging markets. Many developing countries are investing in their healthcare infrastructure, which is creating new opportunities for non-PVC IV bag manufacturers to introduce their products to the market. In addition, there is a growing awareness among healthcare providers in these regions of the importance of using safe and eco-friendly medical products.

Despite the promising outlook, the non-PVC IV bags market is not without its challenges. One of the major obstacles is the higher cost of non-PVC IV bags compared to PVC IV bags. This can be a barrier for some healthcare providers, particularly in low-income countries where budgets are limited. In addition, there is a risk of supply chain disruptions, particularly during times of global pandemics, which can impact the availability of non-PVC IV bags.

Competitive Analysis

Some of the players in Non-PVC IV Bags Market include Baxter, B. Braun Melsungen AG, Pfizer, Inc., Fresenius Kabi AG, JW Life Science, RENOLIT, PolyCine GmbH, Sealed Air, ANGIPLAST PVT. LTD, Shanghai Solve Care Co Ltd., Kraton Corporation, and Jiangxi Sanxin Medtec Co., Ltd.

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.

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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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