IV Bags Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material Type (PVC, PP, PE), By Capacity (Less Than 100 Ml, 100-250 Ml, 250-500 Ml, 500-1000 Ml, Above 1000 Ml), By Chamber Type (Single Chamber, Multi-Chamber), By End User (Blood Banks, Hospitals, Ambulatory Services), And By Geography - Forecasts From 2019 To 2024

The IV bags market is estimated to grow at a CAGR of 5.38% to reach a market size of US$ 2,462.758 million in 2024 from US$ 1,798.424 million in 2018. IV Bags are used for delivering of fluid substances directly into the veins. The growing number of chronic diseases along with rising usage of IV Bags for delivering of the medication directly to the veins are driving the market for IV bags. Further, the rising number of healthcare centres in urban areas of many countries is expected to boost he IV Bag market during the forecast period. Moreover, the governmental influence to increase the number of blood banks along with rising need for blood storage is anticipated to be a key factor propelling the demand for IV bags in the coming years. Additionally, growing geriatric population is predicted to fuel the market. The market for IV Bags has been segmented by material type, capacity, chamber type, end user and geography. In the chamber type segment, the multi chamber IV bags is projected to grow at a significant rate owing to the easy delivering of two or more fluids at the same time. In the end user segment, hospitals are anticipated to hold a major share owing to the wide usage of IV Bags in hospitals. Geographically, North America is projected to be a significant shareholder owing to high presence of healthcare institutions in the region. Asia-Pacific is projected to grow at a substantial rate on account of the increasing construction of healthcare institutions.

 

Growing need for blood storage

Rising number of chronic diseases

 

Environment concerns due to difficult recycling

 

The major players profiled in the IV Bags market include Sippex, Kraton Corporation, Renolit Solmed, Alfa Laboratories, Polycine Gmbh, Haemotronic S.P.A., Baxter International Inc., Hospira Inc., Technoflex S.A., The Metrix Company, Medicopack A/S, Wipak Group, West Pharmaceutical Services Inc., and Qosina Corporation.

 

PVC

PP

PE

 

Less than 100 ml

100-250 ml

250-500 ml

500-1000 ml

Above 1000 ml

 

Single Chamber

Multi Chamber

 

Blood Banks

Hospitals

Ambulatory Services

 

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others