Quadintel published a new report on the Non-Pvc Iv Bags Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
The global non-PVC IV bags market size was US$ 1.6 billion in 2021. The global non-PVC IV bags market is forecast to grow to US$ 4.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.
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Non-PVC IV bags are intravenous bags that contain non-polyvinyl chloride film. The bags are safe to use and are lightweight in nature. In addition, they also possess a low risk of contamination, less pollution, and are compatible and convenient.
Factors Influencing the Market
The increasing awareness related to preventive measures to prevent errors, such as the delivery of the inappropriate dose, will surge the growth of the market. The beneficial properties of non-PVC IV bags, such as the lightweight and low risk of contamination, will contribute to the growth of the market.
Increasing concerns on the problems related to traditionally-used IV containers, such as the interaction of drugs & packing materials and difficulty in transport, handling, & disposal of containers, will surge the demand for non-PVC IV bags.
The growing prevalence of chronic diseases and the applications of non-PVC IV bags in chemotherapy and targeted drug delivery will escalate the market growth.
The introduction of novel materials and different bags designs will accelerate the growth of the market. For instance, In July 2016, B. Braun Melsungen AG unveiled its flexible plastic IV bag, DUPLEX Container. The product was specifically designed to streamline intravenous delivery to patients.
The beneficial applications of non-PVC IV bags for frozen mixtures, such as high instability and durability, as compared to PVC bags, will benefit the overall market during the study period. On the contrary, the high cost of non-PVC IV bags may limit the growth of the market.
The Asia-Pacific non-PVC IV bags market is estimated to hold the highest CAGR due to improving healthcare expenditure and growing spending on healthcare. Furthermore, growing awareness about technologically advanced healthcare solutions will soar the demand for medical specialty bags. In addition, the increasing rate of the geriatric population, growing prevalence of chronic diseases, and rising healthcare costs will contribute to the growth of the Asia-Pacific non-PVC IV bags market.
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COVID-19 Impact Analysis
The wake of the COVID-19 pandemic was an eye-opener for many economies to focus more on healthcare. Many governments increased the healthcare expenditure for their respective nations. Furthermore, growing consumer spending on healthcare and improving healthcare infrastructure will benefit the non-PVC IV bags market even after the pandemic.
Competitors in the Market
Jiangxi Sanxin Medtec Co., Ltd.
Kraton Performance Polymers, Inc.
Shanghai Solve Care Co., Ltd.
Cryovac Inc. (Sealed Air)
Shanghai Xin Gen Eco-Technologies Co., Ltd
ANGIPLAST PVT. LTD.
Other Prominent Players
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The global non-PVC IV bags market segmentation focuses on Type, Material, and Region.
By Type Outlook
By Material Type Outlook
By Content Type Outlook
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
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Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Non-Pvc Iv Bags Market, a large number of indigenous manufacturers of syringes and needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the Non-Pvc Iv Bags Market. It begins with the introduction section which mentions the features and uses of syringes and needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes and needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes and needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section. A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability
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