The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Empty Intravenous (IV) Bags Global Market Report 2023, the empty intravenous (IV) bags market is expected to show significant growth in the forecast period.

The empty intravenous (IV) bags market has seen significant growth in recent years and is poised for continued expansion. Here’s a comprehensive overview of the market trends, drivers, and projections.

Market Growth Overview

• Current Size and Growth: The market grew from $5.63 billion in 2023 to $6.36 billion in 2024, with a compound annual growth rate (CAGR) of 13.0%.
• Future Projections: Expected to reach $10.41 billion by 2028, at a CAGR of 13.1%. This robust growth reflects increased demand across various healthcare applications.

Key Drivers of Market Expansion

• Surgical Procedures: The rising number of surgical procedures is a significant driver. Advances in medical technology, an aging population, and increased healthcare access contribute to the growing need for IV bags during surgeries. In January 2023, the International Society of Aesthetic Plastic Surgery (ISAPS) reported a 19.3% increase in total medical procedures in 2021, highlighting the rising demand for IV bags in surgical settings.
• Chronic Diseases: The high prevalence of chronic diseases fuels demand for IV bags. Chronic conditions, which are increasing due to aging populations and lifestyle factors, require continuous medical interventions and home infusion therapies. The National Library of Medicine projected that the number of individuals with chronic diseases would rise to 142.66 million by 2050.
• Home Healthcare Market: The growing home healthcare market is boosting the need for IV bags. As more patients receive treatments at home, there is an increasing demand for IV solutions for personalized medication, nutrition support, and hydration.

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Major Trends Shaping the Market

• Smart IV Bags: Innovations include smart IV bags with sensors to monitor and manage fluid administration, enhancing patient safety and accuracy.
• Biodegradable IV Bags: There is a growing trend towards eco-friendly and biodegradable IV bags to reduce environmental impact.
• Improved Sterility: Advances in sterility and contamination prevention are critical for maintaining the safety and effectiveness of IV therapies.
• Integration with EHR: Integration with electronic health records (EHR) is improving the efficiency of IV therapy management and patient monitoring.

Strategic Developments

• Technological Innovations: Companies are focusing on developing advanced IV bag technologies. For instance, in March 2021, Fagron Sterile Services launched a new IV Bag Platform to meet the demand for compounded sterile medications during the COVID-19 pandemic. This platform includes latex-free bags with extended beyond-use dating and various medication presentations.

Major Companies

Key players in the empty intravenous (IV) bags market include:

• Pfizer Inc.
• Baxter International Inc.
• Grifols S.A.
• Medisca Inc.
• Bioteque Corporation
• BAUSCH Advanced Technology Group
• Jorgensen Laboratories LLC
• Technoflex
• Sippex IV bags
• AdvaCare Pharma Limited
• Tacy Medical Inc.
• Polycine GmbH

Market Segmentation

The empty intravenous (IV) bags market is segmented into:

• By Product: Polyvinyl Chloride, Non-Polyvinyl Chloride
• By Type: Single Chamber, Multi-Chamber
• By Material: Polypropylene, Polyester Ether, Ethylene Vinyl Acetate (EVA), Other Materials
• By Capacity: 50 ML – 100 ML, 100 ML – 250 ML, 250 ML – 500 ML, Above 500 ML
• By Application: Hospital, Clinic, Other Applications

Regional Insights

• North America: Was the largest region in 2023, driven by high healthcare infrastructure and demand.
• Asia-Pacific: Expected to be the fastest-growing region due to expanding healthcare services and rising patient populations.

Conclusion

The empty intravenous (IV) bags market is experiencing strong growth, driven by increasing surgical procedures, the prevalence of chronic diseases, and the expansion of home healthcare. Innovations in technology and trends towards more sustainable and smart solutions are shaping the future of the market. For detailed insights, consulting comprehensive market reports and analyses is recommended.

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