Global Empty IV Bags Market, By Product (PVC and Non-PVC), By Type (Single Chamber and Multi Chamber), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

The global empty IV bags market is valued at US$ 4.9 Bn in 2023 and is expected to reach US$ 8.4 Bn by 2030, growing at a compound annual growth rate (CAGR) of 8% from 2023 to 2030.

Figure 1. Global Empty IV Bags Market Share (%), by Region, 2023

Empty IV bags are medical devices intended for intravenous therapy to administer medications, blood, and other medical fluids to patients. They are made up of sterile and non-pyrogenic plastic such as PVC, polyethylene, polypropylene, and ethylene vinyl acetate. The empty IV bags provide a viable solution for the storage and transportation of fluids without any hazardous interactions. Typically, these bags range between 50 ml and 1,000 ml capacities and are available in both single-dose and multi-dose configurations. Rising prevalence of chronic diseases, rapidly growing geriatric population susceptible to various medical conditions, and increasing surgical procedures across the globe are the key factors expected to propel the demand for empty IV bags over the coming years. The empty IV bags market includes a variety of sizes and materials, such as PVC and non-PVC materials, and others that are designed to meet different medical requirements. Non-PVC IV bags have grown in popularity due to concerns over the environmental and health impacts of PVC. These bags are often made from materials, such as polypropylene and ethylene-vinyl acetate, which are more easily recyclable and do not release harmful substances when incinerated.

Market Dynamics:

The increasing prevalence of chronic diseases, such as cancer and asthma, is expected to drive the growth of the market over the forecast period. For instance, according to data published on May 2, 2023, by the Global Asthma Report 2022, prepared by the Global Asthma Network, about 35 million people suffer from asthma in India every year.

Key features of the study:

• This report provides an in-depth analysis of the global empty IV bags market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global empty IV bags market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include POLYCINE GmbH, BAUSCH Advanced Technology Group, BD, Baxter, B. Braun Medical Inc., ICU MEDICAL, INC., Wipak, RENOLIT SE, TECHNOFLEX, Sippex IV bags, JW Life science Corp, and Fresenius Kabi AG
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global empty IV bags market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global empty IV bags market

Detailed Segmentation:

• Global Empty IV Bags Market, By Product
  • PVC
  • Non-PVC
  • Polypropylene
  • Copolyester ether
  • Ethylene-vinyl acetate
  • Others
• Global Empty IV Bags Market, By Type
  • Single Chamber
  • Multi Chamber
• Global Empty IV Bags Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top Companies in the Global Empty IV Bags Market:
  • POLYCINE GmbH
  • BAUSCH Advanced Technology Group
  • BD
  • Baxter
  • B.Braun Medical Inc.
  • ICU MEDICAL, INC.
  • Wipak
  • RENOLIT SE
  • TECHNOFLEX
  • Sippex IV bags
  • JW Life science Corp
  • Fresenius Kabi AG