IV Bags Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The IV Bags Market is segmented by Material Type (Polyethylene, Polyvinylchloride, Polypropylene, Other Material types) Capacity, Chamber Type, and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.3 %

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Market Overview

The IV Bags market is projected to record a CAGR of nearly 5.3% over the forecast period. The major factor attributing to the growth of the market is the increase in the prevalence of diseases, such as gastrointestinal diseases, neurological diseases, 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. Globally, there are nearly 1.7 billion cases of childhood diarrhoeal disease every year. However, the risk of leaching of chemicals from the plastic IV bags is the major factor restraining the market.

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. This report is segmented by material type, capacity, chamber type, and geography.

By Material Type
Polyethylene
Polyvinyl Chloride
Polypropylene
Other Material Types
By Capacity
0-250 ml
250-500 ml
500-1000 ml
By Chamber Type
Single Chamber
Multi Chamber
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Polypropylene Segment is Dominating the IV Bags Market.

The increasing usage of polypropylene for manufacturing IV bags can be attributed to the advantages of the material over the other existing ones. PVC usage has been declined due to the risk of release of toxins in the packaged solution. The advantages of polypropylene are that it is relatively inexpensive, possesses high flexural strength because of its semi-crystalline nature, very resistant to moisture, possesses good fatigue resistance. Apart from the advantages of the material, the increasing gastrointestinal and neurological diseases and increasing prevalence of cancer are a few major factors boosting the segment growth. Furthermore, increasing geriatric population globally is enhancing the segment expansion.

Diarr

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to the factors, such as the presence of key players, high prevalence of diseases like cancer, vomiting, diarrhea in the region, established healthcare infrastructure are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. In this region, the United States has the maximum share due to supportive healthcare policies, the high number of patients, and a developed healthcare market. According to the Centers for Disease Control and Prevention, Norovirus is the leading cause of vomiting and diarrhea from acute among people of all ages in the United States. It is estimated that 19 to 21 million cases of acute gastroenteritis are caused due to the virus and contribute to about 56,000 to 71,000 hospitalizations and 570 to 800 deaths, mostly among young children and the elderly. As per the statistics, the increasing patient pool and increasing disposable revenue in this country boosts the market growth of the region.

IV Bags Market - Growth Rate by Region

Competitive Landscape

The IV Bags market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Baxter International Inc., Technoflex, Sippex IV bag, POLYCINE GmbH, ICU Medical Inc., B. Braun Medical Inc., Haemotronic, Otsuka Pharmaceutical India Private Limited, Kraton Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Diseases Such as Gastrointestinal Disorder, Neurological Diseases, Cancer

      2. 4.2.2 Increasing Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 The Risk of Leaching of Chemicals from Plastic IV Bags

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material Type

      1. 5.1.1 Polyethylene

      2. 5.1.2 Polyvinyl Chloride

      3. 5.1.3 Polypropylene

      4. 5.1.4 Other Material Types

    2. 5.2 By Capacity

      1. 5.2.1 0-250 ml

      2. 5.2.2 250-500 ml

      3. 5.2.3 500-1000 ml

    3. 5.3 By Chamber Type

      1. 5.3.1 Single Chamber

      2. 5.3.2 Multi Chamber

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Baxter international Inc.

      2. 6.1.2 Technoflex

      3. 6.1.3 Sippex

      4. 6.1.4 POLYCINE GmbH

      5. 6.1.5 ICU Medical Inc.

      6. 6.1.6 B. Braun Medical Inc.

      7. 6.1.7 Haemotronic

      8. 6.1.8 Otsuka Pharmaceutical India Private Limited

      9. 6.1.9 Kraton Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The IV Bags Market market is studied from 2018 - 2026.

The IV Bags Market is growing at a CAGR of 5.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Baxter international Inc., Technoflex, POLYCINE GmbH, ICU Medical, Inc., Sippex are the major companies operating in IV Bags Market.

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