The Global Non-PVC IV Bags Market Estimated to Grow at $2681.1 Million by 2028

December 06 20:00 2021
The Global Non-PVC IV Bags Market Estimated to Grow at $2681.1 Million by 2028
The Global Non-PVC IV Bags Market
As per Triton’s research report, in 2021, the global non-PVC IV bags market acquired $1630.8 million, and is estimated to grow at a CAGR of 7.32% by 2028

A recent study by Triton Market Research titled ‘Global Non-PVC IV Bags Market’ includes the Global Analysis and Forecasts by Product (Single Chamber, Multi-Chamber), Material (Copolyester ether, Polypropylene, Ethylene-vinyl acetate, Other Materials), Type (Frozen Mixture, Liquid Mixture), and by Geography (North America, Asia-Pacific, Latin America, Middle East and Africa, Europe). 

Non-PVC IV products are relatively lighter than glass. The growing demand for precautionary measures to reduce errors, coupled with the rising demand for innovative IV products, supports the adoption of non-PVC IV bags to a large extent. 

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Based on Triton’s estimates, the global non-PVC IV bags market is expected to witness growth at a CAGR of 7.32% over the period 2022-2028. It is likely to reap $2681.1 million by 2028. 

The surging prevalence of chronic conditions, such as cancer, affects the use of parenteral nutrition globally. Parenteral nutrition is essential as it helps administer vital nutrients, maintaining the strength and hydration levels in patients. Several companies have developed PVC-free IV bags primarily for total parenteral nutrition. Hence, the high prevalence of chronic conditions supports the overall development of the non-PVC IV bags market.

Conversely, in recent years, there has been a substantial rise in the price of non-PVC products. Since PVC-free bags are eco-friendly and more durable than PVC bags, they are costlier. Other than this, there are strict regulations imposed by authorities like the FDA, which impact the production of IV solutions. Hence, these factors negatively impact the growth of the non-PVC IV bags market. 

The global non-PVC IV bags market is sectioned into product, material, and type. Based on the product, it is sectioned into a single chamber and multi-chamber. The material section is divided into copolyester ether, polypropylene, ethylene-vinyl acetate, and other materials. Lastly, the type is bifurcated into frozen mixture and liquid mixture.

North America accounts for the largest share in the non-PVC IV bags market and is expected to continue its stronghold till 2028. The market’s robust growth is mainly owing to a well-defined regulatory framework supporting the adoption of non-PVC IV bags. Additionally, the high prevalence of chronic conditions, along with supportive reimbursement policies, highlight the need for non-PVC IV bags. The availability of advanced healthcare technologies and strong distribution channels are another set of factors contributing to the growth of the non-PVC IV bags market across the United States and Canada. 

Shanghai Xin Gen Eco Technologies, Baxter International Inc, Sealed Air, Huaren Pharmaceutical, Pfizer Inc, Medipharmaplan, Kraton Corporation, Fresenius Kabi, ICU Medical, Renolit, B Braun Melsungen AG, and JW Life Science, Otsuka, Angiplast Pvt Ltd, and Polycine GmbH are major firms in the non-PVC IV bags market. 

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Question & Answer: Non-PVC IV Bags Market

Question 1: What factor supports the overall development of the non-PVC IV bags market?

Answer: The surging prevalence of chronic conditions, such as cancer, affects the use of parenteral nutrition globally. Parenteral nutrition is essential as it helps administer vital nutrients, maintaining the strength and hydration levels in patients. Several companies have developed PVC-free IV bags primarily for total parenteral nutrition. Hence, the high prevalence of chronic conditions supports the overall development of the non-PVC IV bags market.

Question 2: What factors negatively impact the growth of the non-PVC IV bags market?

Answer: In recent years, there has been a substantial rise in the price of non-PVC products. Since PVC-free bags are eco-friendly and more durable than PVC bags, they are costlier. Other than this, there are strict regulations imposed by authorities like the FDA, which impact the production of IV solutions. Hence, these factors negatively impact the growth of the non-PVC IV bags market. 

Question 3: Which region accounts for the largest share in the non-PVC IV bags market?

Answer:  North America accounts for the largest share in the non-PVC IV bags market and is expected to continue its stronghold till 2028. The market’s robust growth is mainly owing to a well-defined regulatory framework supporting the adoption of non-PVC IV bags. Additionally, the high prevalence of chronic conditions, along with supportive reimbursement policies, highlight the need for non-PVC IV bags. The availability of advanced healthcare technologies and strong distribution channels are another set of factors contributing to the growth of the non-PVC IV bags market across the United States and Canada. 

Question 4: Which are the major firms in the non-PVC IV bags market?

Answer: Shanghai Xin Gen Eco Technologies, Baxter International Inc, Sealed Air, Huaren Pharmaceutical, Pfizer Inc, Medipharmaplan, Kraton Corporation, Fresenius Kabi, ICU Medical, Renolit, B Braun Melsungen AG, and JW Life Science, Otsuka, Angiplast Pvt Ltd, and Polycine GmbH are major firms in the non-PVC IV bags market. 

Related Report:

Global Clinical Nutrition Market

The global clinical nutrition market is estimated to grow at a CAGR of 5.27% during the period of 2019-2028 while gaining $48.58 billion in revenue by 2028.

Clinical nutrition includes pharmaceutical products that are employed to ensure a patient’s fitness. It is used to improve the metabolic system through various supplements, including vitamins and minerals. 

The rise in chronic disease cases and the growing number of malnutrition patients are driving the demand for clinical nutrition products. In addition, the increasing geriatric population opens new avenues for the studied market. 

However, the difficulties related to enteral feeding, coupled with a lack of awareness pertaining to clinical nutrition, are obstructing the overall market’s growth. 

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