According to the research report, the global non-PVC IV bags market size & share was valued at USD 1.53 billion in 2020 and is expected to reach USD 3.19 Billion By 2028, to grow at a CAGR of 9.9% during the forecast period.
What is Non-PVC IV Bags? How big is Non-PVC IV Bags Market?
Nowadays, non-PVC bags are used for fluids, such as polyethylene and polypropylene. Non PVC bags are like PVC bags dependent on the medicinal agent being used to not generate a reaction, but it relies on the drug. They can be manufactured either with form-filled technology or in the shape of bottles that can be sealed after the filling. Non PVC IV bags are accepted for their safe nature and convenience during transportation and handling.
The demand for non-PVC IV bags has a massive market in oncology treatment. Various agents utilized in these therapies interact with compounds prevalent in conventional PVC IV containers and transform them into hazardous agents. Therefore, the probability of drug contamination plays a crucial role in the growth of the global non-PVC IV bags market.
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Non PVC IV bags market: Growth leading factors
Non-PVC IV bags are predominantly utilized for chemotherapy and parenteral nutrition. With the emergence of various substitutes like polypropylene and EVA. PVC packaging may be restored by non-PVC substitutions. These substances can be used for several purposes, like cold or frozen storage for conventional mixtures. Therefore, there is a broad relevance of non-PVC IV bags anticipated to push the market growth over the forecast period.
Strict regulatory policies pertained to PVC IV bags have caused the growth in the usage of non-PVC materials in the medical and non-medical industries. The worldwide movement towards non-PVC substances offers growth prospects that are tremendous, drawing investors and producers to the sector. In parenteral nutrition services, non-PVC IV bags are becoming the norm. There is a high demand for multi-chambered containers as the competition differs between patients.
With the onslaught of the covid-19 pandemic, there is a growth in the demand for medical supplies required for an infected population. The medical supplies need to grow among healthcare professionals and civilians for preventive steps because the covid-19 cases are increasing globally. Producers of these products have a chance to take advantage of the profit due to the growing demand for medical supplies with the growth in the number of covid-19 cases worldwide.
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Non-PVC IV Bags Market: Report Scope
Report Attribute
Details
Market Size 2020 Value
USD 1.53 billion
Market Outlook for 2028
USD 3.18 billion
Expected CAGR Growth
9.9% from 2021 – 2028
Base year
2020
Forecast period
2021 – 2028
Segments covered
By Product, By Material, By Content, By Region
Key Companies
Baxter, Angiplast Pvt. Ltd., RENOLIT, Jiangxi Sanxin Medtec Co., Ltd., PolyCine GmbH, Shanghai Xin Gen Eco-Technologies Co., Ltd., B. Braun Melsungen AG, Pfizer, Inc., and Kraton Corp.
Regional scope
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Customization Options
Customized purchase options are available to meet your research needs.
Non PVC IV bags market: Key segmentation
By material, Ethylene Vinyl Acetate (EVA) is anticipated to observe healthy growth due to growing usage in blood banks and storage of frozen mixture. Additionally, increasing consciousness of the storage of blood and blood components is due to the growing number of blood banks globally. By product, single chamber non-PVC IV bags is anticipated to observe a high market share due to their convenience in handling, disposables, and transportation. By content, liquid mixture dominated the market due to applications of new designs and the high usage of IV drips in the hospitals.
By region, North America is anticipated to dominate a vital market share due to growing government initiative, increasing strictness for regulatory bodies towards safety and patient care, increasing expenditure on advancing research and development, and increasing familiarity with diseases like cancer and diarrhea accepted healthcare infrastructure and the presence of several major players. Further, the growing assumption for technological advancements and new drug delivery systems are also anticipated to push the market.
Browse the full “Non-PVC IV Bags Market Share, Size, Trends, Industry Analysis Report, By Product (Single Chamber, Multi Chamber); By Material; By Content (Frozen Mixture, Liquid Mixture); By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/non-pvc-iv-bags-market
Objectives of the report
The market primarily depends on the product, material, content, and region
Non PVC IV bags market: By product
Non PVC IV bags market: By material
Non PVC IV bags market: By content
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