IV Bags Market Size, Growth, Share, Trends and Forecast 2022-2027

global IV bags market

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Economic Price Point, and Increasing Market Availability to Push IV Bag Sales

Stable sales of IV bags continue to be well-supported by their higher affordability, and growing availability. When compared with other alternate parenteral nutrition products like infusion pumps, IV bags are way more affordable, and more importantly are widely available on the market. Besides high availability, and affordability, IV bags have been recently gaining traction for secondary applications like dispensing, transportation, and storage of fluids. This is also expected to remain an important factor bolstering market growth.

IV Bags to Remain in Demand with Rising Cancer Burden on World Healthcare System

Rising prevalence of cancers, and the subsequently following conditions like stomach ulcers, and GI tract dysfunction further generate remarkable demand for IV bags. With massive funds being directed to research on cancers, chemotherapy, and targeted drug delivery procedures, effective parenteral nutrition methods will remain in demand. Moreover, as oncology treatment continues to receive noteworthy investments from both governmental, and non-governmental entities, IV bags are anticipated to see unwavering demand in the near future.

High Prevalence of Diarrhoea Accounts for Remarkable IV Bag Sales in the US

Developed regional markets like North America, and Europe will continue to gain from the sophisticated healthcare industry, and incessant investments in medical and healthcare technology. The prevalence of chronic health conditions, mounting rate of cancer cases, soaring prevalence of diarrhoea, and higher rates of viral outbreak incidences are expected to maintain demand for IV bags across these regions on a higher side. The US is particularly likely to generate notable demand for IV bags in the near future as the country continues to witness increasing Norovirus prevalence that has been accounting for a large number of hospitalisations, as well as deaths.

Leading IV Bags Market Players

Some of the major players that will continue to drive competition in the global IV bags market landscape, include B. Braun, ICU Medical Inc., Baxter International, Technoflex, POLYCINE GmbH, Sippex, and Wipak Group. The report would cover a section dedicated to competition analysis to reveal some of the most interesting actionable financial, and strategic insights about the leading companies actively participating in IV bags space.

Key Competitors to Keep Sustainability at the Heart of their Innovations

To align themselves with the global sustainability drive that aims to minimise the overall environmental footprint, major companies operating in global IV bags market are projected to maintain their strategic focus on material innovations that would boost the sustainability of IV bags. Manufacturers have been revisiting, and re-innovating their manufacturing processes to raise their disposability, and recyclability quotient, such as that of non-PVC, and non-DEHP bags. Recently, Baxter launched DEHP/PVC-free IV bags under its new line, i.e., Aviva. In 2021, B. Braun Medical Inc. also introduced its new PVC-free IV bags exclusive to the US market.

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