Non-PVC IV Bags Market: Size, Share, Growth Analysis, and Outlook by 2033

The Business Research Company recently released a comprehensive report on the Global Non-PVC IV Bags Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The non-PVC IV bags market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to need for non-toxic material for the packaging of medicines, an increase in chemotherapy, a high prevalence of chronic kidney diseases, an increase in unmet healthcare needs, rise in geriatric population.

The non-PVC IV bags market size is expected to see strong growth in the next few years. It will grow to $2.60 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to rising cancer incidence, expanding hospitals and ambulatory centers, increasing patient traffic within healthcare settings, increasing government initiatives, and increasing demand for preventative measures against errors. Major trends in the forecast period include infrastructure development within healthcare sectors, development and availability of modern materials in different designs, technological advances in service quality, demand for advanced containers, and adoption of single-chambered non-PVC IV bags.

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Market Drivers and Trends:

The increasing patient traffic within healthcare settings is expected to propel the growth of the non-PVC IV bags market going forward. Patient traffic refers to the flow or volume of patients seeking medical care or services within a healthcare facility, such as a hospital, clinic, or doctor's office. Healthcare admission are on higher demand for healthcare services, and changes in healthcare policies or insurance coverage. Non-PVC IV bags are required for patients due to concerns about the potential leaching of harmful chemicals from PVC materials into intravenous fluids, minimizing the risk of patient exposure to toxins. For instance, in January 2024, according to a report published by the National Health Service, a UK-based publicly funded healthcare system, 1.63 million patients initiated treatment, while over 2.3 million diagnostic tests were conducted in November 2023, maintaining significant pressure on emergency departments nationwide, where more than 2.1 million A (accident) and E (emergency) visits and over 547,000 emergency admissions occurred in December 2023. Therefore, the increasing patient traffic within healthcare settings is driving the growth of the non-PVC IV bags market.

Major companies operating in the non-PVC IV bags market are developing innovative products, such as polyolefin film IV containers, for storing and administering fluids and medications. A polyolefin film IV container is a type of intravenous (IV) solution container made from polyolefin film, which is a type of plastic material known for its flexibility, durability, and safety in medical applications. For instance, in April 2021, Fresenius Kabi, a Germany-based manufacturer of non-PVC IV bags, launched sodium chloride injection in Freeflex IV bags. The Freeflex IV bag, available in two strengths (1,000 USP units in a 0.9% sodium chloride 500 mL infusion bag and 2,000 USP units in a 0.9% sodium chloride 1,000 mL infusion bag), stands out with its unique design. The Freeflex bag is crafted from a multilayer, polyolefin film container, offering leak-resistant technology and an easy-to-handle design for infusion therapies, streamlining the administration process compared to traditional vials.

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Major Key Players of the Market:

Cardinal Health Inc., Pfizer Inc., Abbott Laboratories, Medline Industries LP, Becton Dickinson and Company, Otsuka Pharmaceutical Co. Ltd., Baxter International Inc., B. Braun Melsungen AG, Fresenius Kabi AG, Grifols S.A., Terumo Corporation, Sealed Air Corporation, Nipro Corporation, ICU Medical Inc., Kraton Corporation, Haemonetics Corporation, JW Life Science, Jiangxi Sanxin Medtec Co. Ltd., Persico S.p.a., Angiplast Pvt. Ltd., Fagron Sterile Services, Technoflex SA, Medi Pharma Plan Co. Ltd., Bausch Advanced Technologies Inc., PolyCine GmbH

Non-PVC IV Bags Market 2024 Key Insights:

• The non-PVC IV bags market size is expected to see strong growth in the next few years. It will grow to $2.60 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
• Increasing Patient Traffic Enhance The Non-PVC IV Bags Market
• Innovative Polyolefin Film IV Containers Revolutionizing The Non-PVC IV Bags Market
• North America was the largest region in the non-PVC IV bags market in 2023

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