Non-PVC IV bags have gained importance due to the rising demand for environmentally benign and clinical safe alternatives to polyvinyl chloride (PVC). Non-PVC IV bags are used for intravenous therapy and infusion of fluids, nutrients and medications. These bags provide advantages such as enhanced durability, flexibility and transparency compared to PVC bags.
The global Non-PVC IV Bags Market is estimated to be valued at US$ 2494.04 million in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for PVC-free alternatives is one of the major trends driving the growth of the non-PVC IV bags market. PVC contains hazardous substances like plasticizers that can leach out into fluids and cause unfavorable health effects. There have been growing concerns about phthalate plasticizers used in PVC mediating inflammation and oxidative stress. The avoidance of PVC has thus become an important factor considered by healthcare facilities and regulatory agencies. This has boosted the demand for non-PVC materials like polyethylene (PE), polyethylene terephthalate (PET), and cyclic olefin polymer (COP) for IV bags production.
Segment Analysis
The Global Non-PVC IV Bags Market Size is dominated by single chamber bags segment. Single chamber bags hold over 70% of market share owing to their widespread application in delivering intravenous therapies. These bags are preferred by medical professionals due to their affordability and compatibility with wide range of drugs and nutrients. Multichamber bags segment is expected to witness fastest growth during forecast period due to rising adoption of these bags for delivery of parenteral nutritional therapies.
Key Takeaways
The global non-PVC IV bags market is expected to witness high growth during the forecast period of 2024 to 2031. The global Non-PVC IV Bags Market is estimated to be valued at US$ 2494.04 million in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024-2031.
The Asia Pacific region is projected to emerge as the fastest growing market for non-PVC IV bags. Rapidly growing healthcare infrastructure, rising medical tourism and evolving demographics are driving the demand for IV therapies in Asia Pacific countries. China currently dominates the Asia Pacific non-PVC IV bags market.
North America represented the largest market for non-PVC IV bags in 2024 owing to well established healthcare systems and high per capita healthcare expenditure in countries like United States. However, Asia Pacific region is expected to surpass North America to become the dominant regional market by 2026.
Key players
Key players operating in the non-PVC IV bags market are Al Kuwaiti Industrial Solutions, Ziligen A.S., Arabian Universal, Schieffer Magam Industries Ltd., and FaBa Commercial Services. These players are focusing on new product launches and partnerships to strengthen their presence across major markets.
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The latest trending report Global Non-PVC IV Bag Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Non-PVC IV Bag market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 6.2% in the forecast period of 2020 to 2025 and will expected to reach USD 1748 million by 2025, from USD 1376.6 million in 2019.The Non-PVC IV Bag market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/18143-non-pvc-iv-bag-market-analysis-reportMarket segmentationNon-PVC IV Bag market is split by Type and by Application.
For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
This analysis can help you expand your business by targeting qualified niche markets.By Type, Non-PVC IV Bag market has been segmented into Flex Plastic, Semi-rigid IV Bags, Glass Bottles, etc.By Application, Non-PVC IV Bag has been segmented into Hospital, Clinic, etc.Regions and Countries Level AnalysisRegional analysis is another highly comprehensive part of the research and analysis study of the global Non-PVC IV Bag market presented in the report.
For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Non-PVC IV Bag market.The report offers in-depth assessment of the growth and other aspects of the Non-PVC IV Bag market in important countries (regions), including United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc.
It also throws light on the progress of key regional Non-PVC IV Bag markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.Competitive Landscape and Non-PVC IV Bag Market Share AnalysisNon-PVC IV Bag competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Non-PVC IV Bag sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
