Empty Intravenous (IV) Bags Market Trends, Top Companies, Share, Growth And Forecast 2033

The new report published by The Business Research Company, titled "Empty Intravenous (IV) Bags Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the empty intravenous (IV) bags market size has grown rapidly in recent years. It will grow from $5.63 billion in 2023 to $6.36 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The empty intravenous (IV) bags market size is expected to see rapid growth in the next few years. It will grow to $10.41 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.

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Driving Forces Surge In Surgical Procedures Fueling Growth Of Empty Intravenous (IV) Bag Market
The rising number of surgical procedures is expected to propel the growth of the empty intravenous (IV) bag market going forward. Surgical procedures are medical interventions or treatments that involve invasive techniques to address or correct health conditions, injuries, or abnormalities within the body. Surgical procedures are increasing due to advancements in medical technology, an aging population, the prevalence of chronic diseases, improved access to healthcare, and patient demand and expectations. Empty intravenous (IV) bags play a critical role in providing essential fluids, medications, blood products, and anesthesia support during surgical procedures. For instance, in January 2023, according to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional non-governmental organization, there was a 19.3% increase in total medical procedures in 2021, with surgical procedures experiencing an 18.5% rise and non-surgical procedures seeing 19.9% growth compared to 2020. Therefore, the rising number of surgical procedures is driving the growth of the empty intravenous (IV) bag market.

Chronic Diseases Fueling Growth In The Empty Intravenous (IV) Bags Market

The high prevalence of chronic diseases is expected to propel the growth of the empty intravenous (IV) bags market going forward. Chronic diseases are long-lasting conditions that usually develop slowly and persist over an extended period, often for the rest of a person's life. Chronic diseases are increasing due to aging populations, lifestyle factors, urbanization, obesity epidemics, healthcare access and quality, increased stress, and mental health issues. Empty IV bags are crucial for preparing and administering personalized medication solutions, facilitating home infusion therapy, nutrition support, hydration, and palliative care, while also serving as a platform for research and development in chronic disease treatment. For instance, in January 2023, according to the National Library of Medicine, a US-based national library of medicine, the estimated increase in the number of individuals affected by at least one chronic disease is projected to be 99.5%, rising from 71.522 million in 2020 to 142.66 million by the year 2050. Therefore, the high prevalence of chronic diseases is driving the growth of the empty intravenous (IV) bag market.

Advancements In IV Bag Technology Focusing On Patient Safety And Quality Assurance
Major companies operating in the empty intravenous (IV) bag market are focusing on developing innovative intravenous bag platforms to improve patient safety. Intravenous bag platforms are advanced systems designed to ensure the safe and efficient delivery of intravenous medications and fluids. For instance, in March 2021, Fagron Sterile Services, a US-based pharmaceutical company, launched an Intravenous (IV) Bag Platform to support the increased demand for essential compounded sterile medications during and beyond the COVID-19 pandemic. This new platform offers various presentations of medications such as fentaNYL, HYDROmorphone, and Midazolam to hospitals and ambulatory surgery centers. The IV bags are latex-free, individually overwrapped for product protection, and have extended beyond-use dating.

The empty intravenous (IV) bags market covered in this report is segmented -

1) By Product: Polyvinyl Chloride, Non-Polyvinyl Chloride
2) By Type: Single Chamber, Multi-Chamber
3) By Material: Polypropylene, Polyester Ether, Ethylene Vinyl Acetate (EVA), Other Materials
4) By Capacity: 50 ML - 100 ML, 100 ML - 250 ML, 250 ML - 500 ML, Above 500 ML
5) By Application: Hospital, Clinic, Other Applications

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Major companies operating in the empty intravenous (IV) bags market are Pfizer Inc., Fresenius Medical Care AG KGaA, Becton Dickinson and Company, Amcor LLC, Baxter International Inc., Grifols S.A., Hospira Inc., Nipro Corporation, B. Braun Medical Inc., ICU Medical Inc., RENOLIT Healthcare, Kiefel GmbH, Medisca Inc., Bioteque Corporation, BAUSCH Advanced Technology Group, Jorgensen Laboratories LLC, Technoflex, Sippex IV bags, AdvaCare Pharma Limited, Tacy Medical Inc., Polycine GmbH, JW Life Science Corp, Mitra Industries Private Limited

Contents of the report:
1. Executive Summary
2. Empty Intravenous (IV) Bags Market Report Structure
3. Empty Intravenous (IV) Bags Market Trends And Strategies
4. Empty Intravenous (IV) Bags Market - Macro Economic Scenario
5. Empty Intravenous (IV) Bags Market Size And Growth
…..
27. Empty Intravenous (IV) Bags Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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