Press release
Non-PVC IV Bags Market Size Projected To Reach $2.86 Billion By 2034 With A Cagr Of 9.7%
Non-PVC IV Bags Market Size
What Is the Projected Growth of the Non-PVC IV Bags Market?
The non-PVC IV bags market has expanded rapidly, forecasted to grow from $1.79 billion in 2024 to $1.97 billion in 2025 at a CAGR of 10.1%. Growth drivers include the shift to non-toxic materials, increased cancer and kidney disease treatments, aging populations, and healare access improvements.
The non-PVC IV bags market is anticipated to grow steadily, reaching $2.86 billion by 2029 at a CAGR of 9.7%. Growth is driven by increasing cancer incidence, expanding healare facilities, rising patient traffic, government initiatives, and demand for error prevention. Major trends include healare infrastructure development, modern material availability, service quality improvements, demand for advanced containers, and adoption of single-chambered non-PVC IV bags.
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What Are the Different Non-PVC IV Bags Market Segments?
The non-PVC IV bags market covered in this report is segmented -
1) By Product: Single Chamber, Multi Chamber
2) By Material: Ethylene Vinyl Acetate, Polypropylene, Copolyester Ether, Other Materials
3) By Content: Frozen Mixture, Liquid Mixture
4) By Application: Chemotherapy, Targeted Drug Delivery, Glucose Injection, Sodium Chloride Solution, Electrolyte Injection, Nutrient Injection, Other Applications
5) By End User: Hospitals, Clinics, Emergency Service Centers, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Single Chamber: Standard Single Chamber Iv Bags, Flexible Single Chamber Iv Bags
2) By Multi Chamber: Dual Chamber Iv Bags, Triple Chamber Iv Bags, Multi-Camber Iv Bags (More Than Three Chambers)
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What Are the Primary Drivers Shaping the Non-PVC IV Bags Market?
The increasing patient traffic in healare facilities is expected to fuel the growth of the non-PVC IV bags market in the future. Patient traffic refers to the number of individuals seeking medical care or services within healare settings, such as hospitals and clinics. The demand for healare services is rising, driven by various factors such as policy changes and insurance coverage. Non-PVC IV bags are required due to concerns over harmful chemicals leaching from PVC materials into intravenous fluids, minimizing patient exposure to potential toxins. For example, in January 2024, the National Health Service reported that 1.63 million patients initiated treatment, and over 2.3 million diagnostic tests were conducted in November 2023. In December 2023 alone, over 2.1 million emergency visits occurred. Thus, the rising patient traffic is driving the growth of the non-PVC IV bags market.
Which Companies Are Leading in the Non-PVC IV Bags Market?
Major companies operating in the Non-PVC IV bags market are Cardinal Health Inc., Pfizer Inc., Abbott Laboratories, Medline Industries LP, Becton inson 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
What Are the Latest Developing Trends in the Non-PVC IV Bags Market?
Companies in the non-PVC IV bags market are working on innovations like polyolefin shrink films to improve safety, sustainability, and compatibility. In February 2024, Innovia Films, a UK-based film manufacturer, launched RayoFloat white APO, a floatable, low-density shrink film with light-blocking and recycling-friendly properties, supporting EU packaging regulations and sustainable practices.
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What Are the Top Revenue-Generating Geographies in the Non-PVC IV Bags Market?
North America was the largest region in the non-PVC IV bags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the Non-PVC IV bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Non-PVC IV Bags Market?
2. What is the CAGR expected in the Non-PVC IV Bags Market?
3. What Are the Key Innovations Transforming the Non-PVC IV Bags Industry?
4. Which Region Is Leading the Non-PVC IV Bags Market?
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