IV Bags Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Global IV Bags Market: By Product Type (Single Chamber IV Bags, Multi-Chamber IV Bags), By Material Type (Polypropylene, Polyvinylchloride (PVC), Ethylene Vinyl Acetate, Copolyester Ether), By Size (500-1000 ml, 250-500 ml, Up to 250 ml), By Application (Blood Storage, Blood Transfusions, Medications, Electrolyte Imbalance), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Global IV Bags Market
IV bags are used in the intravenous therapy to provide life-sustaining IV fluids, medications, and electrolytes to the patients. In intravenous therapy liquid directly enters into the vein and shows faster therapeutic action compared to oral therapy. Generally, polypropylene bags are used as IV bags due to their inert nature.
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Market Dynamics: IV Bags Market
Rise in adoption of intravenous therapy, increase in the prevalence of chronic diseases, and rise in aging population are anticipated to fuel the IV bags market. Moreover, rise in awareness about advantages of intravenous therapy, affordability and availability, and growing demand for storage of blood and other blood products are anticipated to propel the IV bags market over the forecast timeframe. However, stringent regulatory policies, risk of infection and injuries to vein due to long-term administration of needle, improper monitoring of intravenous therapy, and alternatives for IV bags such as glass and plastic bottles may hamper the growth of IV bags market over the forecast timeframe.
Market Scope: IV Bags Market
IV bags market is segmented on the basis of product type, material type, size, application, distribution channel, and region
Based on the product type, the market is segmented into the following:
- Single Chamber IV Bags
- Multi-Chamber IV Bags
Based on the material type, the market is segmented into the following:
- Polypropylene
- Polyvinylchloride (PVC)
- Ethylene Vinyl Acetate
- Copolyester Ether
Based on the size, the market is segmented into the following:
- 500-1000 ml
- 250-500 ml
- Up to 250 ml
Based on the application, the market is segmented into the following:
- Blood Storage
- Blood Transfusions
- Medications
- Electrolyte Imbalance
Based on the distribution channel, the market is segmented into the following:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Based on the region, the market is segmented into the following:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Market Summary: IV Bags Market
Global IV bags market growing at significant rate owing to increase in the geriatric population leads to increase in the prevalence of chronic disease and need long-term treatment for these diseases. Most of the market players are actively involved in the development of newer products for intravenous therapy. Moreover, product approval, product launches, acquisitions and mergers, and collaborations are the key strategies adopted by the market players for dominating the IV bags market. For instance, in November 2016, Mallinckrodt Pharmaceuticals received FDA prior approval supplement for Ofirmev (Acetaminophen) injection available in IV bag. Similarly in December 2014, Taiho Pharmaceutical Co., Ltd., received approval for the manufacture and marketing of Zosyn 4.5 for IV bag, that contains injectable antibiotic with β-lactamase inhibitor.
Regional Analysis: IV Bags Market
Geographically, IV bags market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America IV bags market is driven by increase in the prevalence of chronic diseases such as cancer and rise in R&D for innovation of newer medications. Europe IV bags market has a lucrative growth owing to well-developed healthcare infrastructure, high adoption of intravenous therapy, and increase in the prevalence of chronic diseases coupled with innovation of newer medicines are anticipated to bolster the market. Asia Pacific IV bags market has a significant share owing to increase in geriatric population in India, China, and Japan, rise in medical tourism in Asia Pacific region, and increase in awareness about intravenous therapy. Latin America IV bags market is growing at a significant CAGR owing to increase in the prevalence of chronic diseases, economic growth, and adoption of newer intravenous medications are boost the market. Middle East and Africa IV bags market has a lucrative growth, which is attributed to expansion of the business by market players, increase in the incidence of malnutrition cases, and rise in healthcare expenditure.
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Competition Assessment: IV Bags Market
Some of the players in the global IV bags market include:
- ICU Medical, Inc. (U.S.)
- Medline Industries, Inc. (U.S.)
- Kraton Corporation (U.S.)
- Braun Melsungen AG (Germany)
- Hospira Inc. (Pfizer, Inc.) (U.S.)
- Otsuka Pharmaceutical Co. Ltd. (Japan)
- Haemotronic S.p.A (Italy)
- Wipak Group (Germany)
- Fresenius SE & Co. KGaA (Germany)
- Polycine GmbH (Germany)
Notable Market Developments: IV Bags Market
- In August 2017, Fresenius Kabi Canada launched Moxifloxacin Injection 1.6mg/mL freeflex Bag 250 mL
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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