Driving Forces Surge In Surgical Procedures Fueling Growth Of Empty Intravenous (IV) Bag Market: Strengthening the Growth Trajectory of the Empty Intravenous (IV) Bags Market

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What Is the Expected CAGR for the Empty Intravenous (IV) Bags Market Through 2025?
The market for empty intravenous (iv) bags has seen a swift expansion in recent times. It is projected to rise from $6.36 billion in 2024 to $7.15 billion in 2025, with a compound annual growth rate (CAGR) of 12.4%. Factors leading to the historical growth can be linked to the rising occurrence of chronic illnesses, amplified need for intravenous treatments, increased geriatric population, advancements in healare systems, and widening of hospital and clinic services.

What's the Projected Size of the Global Empty Intravenous (IV) Bags Market by 2029?
In the coming years, rapid expansion is anticipated in the market size for empty intravenous (iv) bags, with it projected to reach $11.35 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 12.3%. This significant growth over the forecasted period can primarily be ascribed to a burgeoning home healare market, elevated instances of malnutrition, an escalating demand for tailored treatments, the broadening of healare services in developing markets, and an increase in surgical procedures. The forecast period identifies key trends, namely smart IV bags equipped with sensors, biodegradable IV bags, enhancements in sterility and contamination prevention, the incorporation of sophisticated manufacturing techniques, and seamless integration with digital health records (EHR).

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Top Growth Drivers in the Empty Intravenous (IV) Bags Industry: What's Accelerating the Market?
The increase in surgical procedures is projected to spur the expansion of the empty intravenous (IV) bag market. Surgical procedures, which are medical treatments involving invasive techniques to remedy or rectify health issues, injuries, or abnormalities within the body, are on the rise. This increase is a result of advancements in medical technology, an aging populace, the prevalence of chronic illnesses, enhanced healare accessibility, and patient expectations. Empty IV bags are integral in delivering essential fluids, medications, blood products, and anesthesia support during surgeries. For example, based on data from the National Healare Statistics, a US governmental agency, in February 2024, cataract surgery was the predominant surgical procedure in 2022 with 39,347 cases, with 98.3% carried out as day cases. This was trailed by 20,537 caesarean sections and 12,830 hip replacements, the majority of which were inpatient procedures. Consequently, the escalating number of surgical procedures is propelling the expansion of the empty IV bag market.

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What Long-Term Trends Will Define the Future of the Empty Intravenous (IV) Bags Market?
Leading businesses in the Empty intravenous (IV) bags market are concentrating on progressing the recycling of IV bags by innovating eco-friendly collection, processing, and repurposing techniques. This is aimed to mitigate the environmental effects and encourage circular economy strategies in the healare sector. Progressing intravenous (IV) bags recycling implies enhancing and upgrading the mechanisms and procedures for reusing old IV bags, typically manufactured from plastics such as polyvinyl chloride (PVC) or other recyclable polymers. Baxter International Inc., a US-based healare service provider, launched the first-ever IV bag recycling pilot program in the United States in collaboration with Northwestern Medicine in December 2023. This venture seeks to tackle the environmental issues caused by single-use plastic IV bags that are usually disposed of in landfills post their utilization.

What Are the Main Segments in the Empty Intravenous (IV) Bags Market?
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

Subsegments:
1) By Polyvinyl Chloride (PVC): Flexible PVC IV Bags, Rigid PVC IV Bags
2) By Non-Polyvinyl Chloride (Non-PVC): Ethylene Vinyl Acetate (EVA) IV Bags, Other Non-PVC Materials

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Which Top Companies are Driving Growth in the Empty Intravenous (IV) Bags Market?
Major companies operating in the empty intravenous (IV) bags market are Pfizer Inc., Fresenius Medical Care AG KGaA, Becton inson and Company, Amcor LLC, Baxter International Inc., Grifols S.A., Hospira Inc., Nipro Corporation, B. Braun Medical Inc., ICU Medical Inc., RENOLIT Healare, 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

Which Regions Will Dominate the Empty Intravenous (IV) Bags Market Through 2029?
North America was the largest region in the empty intravenous (IV) bags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the empty intravenous (IV) bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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