IV Bags Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

October 13 20:50 2022
IV Bags Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
The Global IV Bags Market is estimated to reach a high CAGR of 5% during the forecast period (2022-2029).

Market Overview:

IV Bags Market size was valued at US$ YY million in 2021 and is estimated to reach US$ YY million by 2029, growing at a CAGR of 5% during the forecast period (2022-2029).

The IV Bags are used to supply extraordinary scientific dietary fluids including sodium chloride or different parenteral nutrients to the patient’s body to deal with a particular sickness consisting of continual sicknesses. The patient’s IV fluids for particular functions encompass remedy administration, fluid, and electrolyte replacement and stability protection, blood or blood product delivery, and nutrient and dietary supplement delivery.

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Market Dynamics

The growing adoption of parenteral nutrition therapy is predicted to force the marketplace increase

The rising incidence of different sicknesses together with most cancers and cardiovascular diseases is anticipated to enhance the marketplace over the forecast length. According to the WHO 2022 data document, because of non-communicable sicknesses forty one million humans are killed each yr. The ailment includes cancers, diabetes, and others.

In this case, parenteral nutrients is needed in an emergency case. The rising prevalence of diseases such as malignancy, ischemic gut illness, gastrointestinal issues, Crohn’s ailment, and diabetic intricacies is propelled interest in parenteral nutrition. Increasing demand for parenteral nutrients remedy drives the IV bags marketplace worldwide.

In addition, the key gamers are applying their marketplace strategies which include new product launching and collaboration with different marketplace gamers. For instance, In January 2022, ICU Medical collect Smiths Medical from Smiths Group p.C, this acquisition of Smiths Medical syringe and ambulatory infusion gadgets, vascular get entry to, and vital care products to the ICU Medical portfolio strengthen a leading infusion remedy company with a greater robust worldwide attain.

Also, in March 2021, Fagron Sterile Services (FSS) multiplied its product portfolio with the aid of introducing a new platform with a couple of presentations available for Intravenous (IV) Bags.

Market Segmentation:

By Type

  • Single Chamber
  • Multi-Chamber

By Material 

By Size 

  • 0 – 250 ml
  • 250 – 500 ml
  • 500 – 1000 ml

By Application

  • Deliver Medications
  • Blood Transfusions
  • Blood Storage
  • Others

By End User

  • Hospitals
  • Hydration Centers / Clinics
  • Home Care Settings
  • Others

Competitive Landscape

The IV bags market is a moderately competitive presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market are Baxter, B. Braun Melsungen AG, Pfizer, Inc., Fresenius Kabi AG, JW Life Science, RENOLIT, PolyCine GmbH, Sealed Air, ANGIPLAST PVT. LTD, Shanghai Solve Care Co Ltd., Kraton Corporation, and Jiangxi Sanxin Medtec Co., Ltd. among others.

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