The empty IV bags market size is expected to reach USD 5.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. Rising incidence of cancer, favorable government initiatives related to non-PVC IV bags, and growing risk of malnutrition across the globe are the key driving factors for the market.
Government agencies of various countries are taking several steps to reduce usage of phthalate IV bags wherever possible without compromising on patient safety. For instance, Denmark introduced a national ban on Di-(2-ethylhexyl) phthalate (DEHP), Dibutyl Phthalate (DBP), Dibp Plasticizer (DIBP), and Butyl Benzyl Phthalate (BBP) under its national phthalate strategy, which was initially set for December 2013 and was later postponed to 2015. The Danish Health and Medicines Authority (DHMA) announced certain set of guidelines pertaining to usage of particular types of phthalates in medical devices. The aim of these initiatives was to ensure continued reduction in the use of classified phthalates in medical devices. Similarly, in May 2006, the Federal Institute for Drugs and Medical Devices, Germany, issued a recommendation for hospitals to minimize or avoid use of DEHP-containing medical devices for specific population groups, such as premature babies, infants, children, adolescents, pregnant women, and nursing mothers. The recommendation necessitates manufacturers to produce alternative products that are PVC-free and nontoxic.
Malnutrition is one of the major drivers of the market. According to the UNICEF, poor nutrition in the first 1,000 days of an infant’s life may lead to stunted growth and impaired cognitive ability. An infant’s diet must contain a proper balance of starch, minerals, vitamins, amino acids, and lipids. These essential nutrients can be administered, if need be, through parenteral route, which is expected aid growth.
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Empty IV Bags Market Report Highlights
• In terms of revenue, non-PVC empty IV bags segment held the largest share in 2018 owing to the environment-friendliness of non-PVC
• The demand for multi-chambered bags is expected to increase due to presence of separate storage for different components
• Under the type segment, single chambered empty IV bags held the largest share in 2018
• Asia Pacific is expected to witness the fastest growth over the forecast period, owing to growing malnutrition in the region
• Some prominent players in empty IV bags market are Technoflex, Wipak Group, Baxter, and ICU Medical, Inc.
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Empty IV Bags Market Segmentation
Grand View Research has segmented the empty IV bags market on the basis of product, type, and region:
Empty IV Bags Product Outlook (Revenue, USD Million, 2015 - 2026)
• PVC Empty IV Bags
• Non PVC Empty IV Bags
• Polypropylene
• Copolyester ether
• Ethylene-vinyl acetate
• Others
Empty IV Bags Type Outlook (Revenue, USD Million, 2015 - 2026)
• Single Chamber
• Multi Chamber
Empty IV Bags Regional Outlook (Revenue, USD Million, 2014 - 2026)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Spain
• Italy
• France
• Netherlands
• Sweden
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa
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Browse More Related Report:
Non-PVC IV Bags Market Size, Share & Trends Analysis Report By Material (EVA, PP), By Product (Single Chamber, Multi Chamber), By Content (Frozen Mixture, Liquid Mixture), By Region (Europe, APAC), And Segment Forecasts, 2021 - 2028
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Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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