Vision Research Report, Recently Announced New Report on “Non-PVC IV Bags market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “Non-PVC IV Bags market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Non-PVC IV Bags research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The Non-PVC IV Bags market revenue share is set to grow at a yearly rate of 19.8% during 2021-2030, while its valuation is Projected to jump from $ 11.51 Bn in 2020 to $13.09 Bn in 2030.
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Report Highlights
The single-chamber segment accounted for the largest revenue share of over 63% in 2020. The usage of single-chamber products is increasing constantly as IV bags replace other IV containers. The advent of non-PVC materials has accelerated the replacement of glass containers with plastic bags, owing to benefits, such as the ease of handling, transportation, and disposal. Irrigation fluids, drip bags, and sterile water are also commonly used intravenous solutions. As a result, single-chamber bags are widely used.
The multi-chambered segment is estimated to exhibit the fastest CAGR during the forecast period. Multi-chambered IV bags are preferred for intravenous therapy when a combination of medications must be administered to the patient. Multi-chamber products are manufactured from materials, such as non-PVC film with easy peel-off and fast-seal properties that are widely used in the healthcare industry for any emergency.
Moreover, these products are beneficial in the pharmaceutical industry as they lower the inefficiency of standard IV bags that are commonly used in the market. Furthermore, due to their excellent stability, high-pressure agility, outstanding transparency, toughness, and thermal sealing, as well as the fact that they are reusable, these bags are widely used in pharmaceuticals. Thus, growing product utility in several materials, such as parenteral nutrition and drug reconstitution, along with the availability of customized product offerings are expected to drive the multi-chambered segment growth.
The EVS segment held the largest revenue share of more than 33% in 2020 and is anticipated to witness considerable growth over the forecast period. It is the most widely used PVC alternative. The material is anticipated to be widely used in blood banks and the storage of frozen mixtures. Growing recognition and high demand for blood and blood component storage as a result of an increasing number of blood banks are projected to boost the segment growth over the forecast period.
Moreover, the demand for EVA infusion bags is expected to be driven by increased understanding of parenteral nutrition therapy and the high prevalence of Chronic Kidney Disease (CKD). For instance, according to the CDC, more than 1 in 7, that is 15% of the adult population in the U.S., or 37 million people, are likely to have CKD. Compounding fluids are delivered parenterally using EVA bags. Various medicines are sometimes combined using ingredients or drugs.
For instance, fluid from compounding parenteral nutrition and chemotherapy medications. The copolyester ether segment is projected to exhibit the fastest CAGR during the estimated period. Durability, transparency, chemical resistance, and the ability to withstand a variety of sterilization processes, such as autoclave, radiation, and electron beam, are some of the benefits associated with copolyester ether.
Copolyester ether’s strength is increased by the addition of other materials, such as PP and other polyolefin resins. The development of Ecdel elastomer has proven to be a watershed moment in the evolution of copolyester ether in pharmaceutical packaging. Abbott Laboratories, Sealed Air Corporation, B. Braun Melsungen AG, and Eastman Chemical Company are among the key companies engaged in developing these combinations.
The liquid mixture segment captured the largest revenue share of over 78% in 2020 and will retain the leading position throughout the forecast period. This growth can be credited to the implementation of novel designs and the high use of IV drips in hospitals. In the blood banks, there is an increasing demand for specialized IV containers, which resist low temperatures and offer greater security than PVC.
In addition, major players in the non-PVC IV bags market are concentrating on increasing their production to gain a higher market share. For instance, in November 2019, Grifols initiated the production at its novel blood-collection systems plant in Brazil with a capacity of more than 10 million blood collection bags yearly.
The market share obtained from non-PVC IV bags used for frozen mixes is very low. Bags of PVC tend to explode at low temperatures. However, EVA has been considered to be a successful alternative to the lower temperatures of PVC. Thus, the segment is estimated to register the fastest CAGR from 2021 to 2028. Some examples of frozen mixture include methylprednisolone, cefazolin, ceftriaxone, nafcillin, and nicardipine hydrochloride.
North America captured the largest revenue share of more than 46% in 2020. In the U.S., strict regulations aimed at improving patient safety have increased the demand for non-PVC IV containers, which provide treatments without any harm. Moreover, the demand for IV bags has risen significantly due to the increased prevalence of stomach cancer. For instance, the American Cancer Society estimated that in 2020 there were about 27,600 cases of stomach cancer in the U.S. The patients suffering from stomach cancer are unable to ingest food through the mouth and thus have to entirely rely on total parenteral solutions for dietary needs and survival. This might surge the demand for EVA infusion bags, which, in turn, is expected to boost the regional market. In addition, the rising adoption of novel drug delivery systems and technological innovations are anticipated to push the market growth in this region.
Asia Pacific is expected to be the fastest-growing regional market during the forecast period. The advent of local manufacturers that encourage international demand by selling goods at affordable rates, increased foreign direct investment, and rapid improvement in healthcare infrastructure, including a rise in the number of hospitals, clinics, and blood banks, are all factors that are having a significant effect on the industry’s growth.
Global Non-PVC IV Bags market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Non-PVC IV Bags trade trends and promoting channels analysed. Non-PVC IV Bags Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Market Segmentation
Global Non-PVC IV Bags Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Non-PVC IV Bags market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
Non-PVC IV Bags Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Non-PVC IV Bags Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Non-PVC IV Bags Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Non-PVC IV Bags Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Non-PVC IV Bags Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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