Non-PVC IV Bags Market Outlook
According to a new report by Expert Market Research titled, “Global Non-PVC IV Bags Market Size, Share, Trends, Growth, Key Players, Report and Forecast 2024-2032, the non-PVC IV bags market reached a value of USD 474 million in 2023. Aided by the escalating demand for safer and more eco-friendly medical packaging and the widening applications of non-PVC IV bags in the healthcare sector, the market is projected to further grow at a CAGR of 5.50% between 2024 and 2032 to reach a value of USD 652 million by 2032.
Non-PVC IV bags are used in the medical field for fluid replacement, medication administration, blood transfusion, and nutritional purposes. They are increasingly replacing traditional PVC (polyvinyl chloride) bags due to their reduced environmental footprint and increased safety profile, as they do not release harmful plasticisers like DEHP (Di(2-ethylhexyl) phthalate) during incineration.
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The increasing demand for safe, sustainable medical packaging is a primary driver of the global non-PVC IV bags market growth. With rising awareness of the potential health risks linked to plasticisers in PVC bags and growing environmental concerns over PVC disposal, there has been a significant shift towards non-PVC alternatives. Moreover, regulatory bodies worldwide are imposing stringent standards on medical packaging materials, further propelling the shift towards non-PVC IV bags.
Additionally, the expanding applications of non-PVC IV bags in various medical scenarios are also significantly contributing to the non-PVC IV bags market development. These bags are widely used in hospitals, clinics, and ambulatory surgical centres for chemotherapy, total parenteral nutrition (TPN), rehydration therapy, antibiotic administration, and other clinical procedures.
The burgeoning geriatric population worldwide, coupled with the increasing prevalence of chronic diseases requiring IV therapy, is another factor boosting the non-PVC IV bags market expansion. The ease of use, safety, and convenience offered by these bags make them an ideal choice for long-term care facilities, home care settings, and hospice care centres catering to older adults and chronically ill patients.
Furthermore, the ongoing technological advancements in IV bag materials and designs present exciting opportunities for the market. The development of multilayer and high-barrier non-PVC bags has enhanced the compatibility and stability of sensitive drugs, such as biologics and chemotherapy agents. Simultaneously, the emergence of smart IV bags with integrated sensors and connectivity features is expected to revolutionise IV therapy monitoring and management, opening new avenues for the non-PVC IV bags market growth.
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Non-PVC IV Bags Market Segmentation
The market can be divided based on product type, material, content, and region.
Market Breakup by Product Type
- Single Chamber
- Multi Chamber
Market Breakup by Material
- Ethylene Vinyl Acetate
- Copolyester Ether
Market Breakup by Content
- Frozen Mixture
- Liquid Mixture
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global non-PVC IV bags companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Fresenius Kabi AG
- Rusoma Laboratories Pvt Ltd
- JW Chemi Town
- PolyCine GmbH
- Vonco Products, LLC
- RENOLIT SE
- Baxter International, Inc.
- ICU Medical, Inc
- PolyCine GmbH
- JW Life Science
- BAUSCH Advanced Technology Group
- Otsuka Pharmaceutical Co., Ltd.
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