IV Bags Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

IV Bags Market Analysis

The IV bags market is expected to record a CAGR of 5.3% over the forecast period.

COVID-19 had a notable impact on the overall healthcare industry. As per the report published in Omnia Health under the title “COVID-19 response: Maintaining effective and safe IV infusion therapy for isolated patients”, during the pandemic, a large pool of patients was isolated and changing their IV bags frequently became a difficult task for the nurses and caretakers. Some clinics started using long extension lines that allowed the patient's pumps to stay outside the isolation room to cut down on the time nurses spend changing the IV bags and intermittently administering IV medications within rooms of patients with COVID-19. Furthermore, as per the article published in 2022 under the title "Vitamin IV & Long COVID", in long-term COVID-19 patients, high-dose IV vitamin C therapy considerably improves exhaustion and fatigue-related symptoms such as sleep problems and loss of focus. Since intravenous infusion speeds up the delivery of Vitamin C to the patient's body, more people are accepting IV infusion therapy, which is fueling the growth of the IV bag market. Additionally, as per the 2020 update from the United States Food and Drug Administration, the authority had issued an emergency use authorization (EUA) for casirivimab and imdevimab which were instructed to be administered together as an intravenous infusion for the treatment of mild to moderate COVID-19 in adults and pediatric patients. Therefore, due to the adoption of IV infusions for COVID-19 treatments, the use of IV bags was anticipated to surge during the pandemic. As per the facts mentioned above, COVID-19 significantly impacted the IV bags market.

The major factor attributing to the growth of the market is the increase in the prevalence of diseases, such as gastrointestinal diseases, neurological diseases, and cancer where IV fluids are given to the patients. According to the World Health Organization, diarrhoeal disease is the second leading cause of death in children under five years old. For instance, as per the “Pneumonia & Diarrhea Progress Report 2020”, in India 233,240 children under the age of 5 died out of pneumonia or diarrhea in 2020. To control the issues related to diarrhea, proper and immediate treatment is necessary. IV bag fluids are used to prevent dehydration, maintain blood pressure, or give patients medicines or nutrients if they are not able to eat, which is best for quick stabilization once the minerals from the body are lost due to diarrhea.

Furthermore, the increasing geriatric population is one of the major driving factors in the IV bag market. Older people mostly needed additional requirement of nutrients and minerals after surgery. This can be quickly established by the IV infusion. For instance, as per the article published in 2022 under the title "The impact of intravenous iron supplementation in elderly patients undergoing major surgery", intravenous iron supplementation increases Hb level and thereby reduces blood transfusion rate in elderly surgical patients with iron deficiency anemia. Hence, IV bags are widely used for essential IV infusion practices, which boosts the market growth over the forecast period. Moreover, a study published in 2021 under the title "Vitamin C Administration by Intravenous Infusion Increases Tumor Ascorbate Content in Patients With Colon Cancer: A Clinical Intervention Study", stated that there were potential advantages to the targeted use of vitamin C infusions, rather than oral supplementation, in patients with solid tumors. Thus the utilization of vitamin C infusions in cancer patients leads to the adoption of IV bags which is likely to boost the market growth.

As per the aforementioned factors, the IV bag market is anticipated to grow over the forecast period. However, the risk of leaching chemicals from plastic IV bags is the major factor restraining the market.

IV Bags Industry Segmentation

As per the scope of the report, IV Bags are the containers of liquid used for intravenous administration to patients that are suspended to slender poles called IV poles. IV fluids are used to prevent dehydration, maintain blood pressure, or give patients medicines or nutrients. The IV Bags Market is segmented by Material Type (Polyethylene, Polyvinylchloride, Polypropylene, Other Material types), Capacity (0-250 ml, 250-500 ml, 500-1000 ml), Chamber Type (Single Chamber, Multi Chamber), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

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IV Bags Market Trends

This section covers the major market trends shaping the IV Bags Market according to our research experts:

Polypropylene Segment is Expected to Dominate the IV Bags Market

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