IV Containers Market: An Array of Graphics and Analysis of Major Industry Segments
Global IV containers market: Dynamics
The global healthcare packaging industry has undergone significant transformation in the last couple of decades, increasing the quality of packaging solutions over the years. This, coupled with increased per capita spending on healthcare and higher consumer awareness regarding safe and sterile medication has increased demand for packaging solutions, such as IV containers, which are reliable and efficient. The same rise in demand is expected to continue to fuel growth of the global IV containers market.
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As a response to these demands, some manufacturers such as Baxter Healthcare, B. Braun Medical, and Hospira Inc. have reduced production of IV containers with high PVC and DEHP (di-2-ethylhexyl phthalate). Plastic IV containers are known to leach harmful chemicals in landfills, thus resulting in decreased preference over time. Therefore, failure in emphasizing new product launches without plastic content might hamper growth of the IV containers market, over the forecast period.
The North America region is anticipated to lead the global IV containers market, over the forecast period, owing to high demand and preference given to medication hygiene and quality. Since IV containers are now available with integrated technologies such as bar code systems, IV containers are expected to have more penetration in Western Europe and North America than any other region.
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The APEJ and the Latin America region are poised to witness increase in demand for packaging solutions such as IV containers, owing to growing need for improvement in healthcare services, coupled with increased per capita expenditure on healthcare. The global IV containers market share of Japan and Eastern Europe is expected to be low; however, IV containers are expected to have high penetration in the respective regional markets.
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Global IV containers market: Key Players
Few of the players operating in the global IV containers market are – Hospira Inc., Baxter International Inc., B. Braun Melsungen AG, Medico Pak, and Vioser SA.
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