Global IV Bags Market Poised to Gain Remarkable Growth Due to Substantial Revenue Growth in North America during 2017 - 2027


Published on : Nov 17, 2017

Albany, New York, November 17, 2017: Significant number of countries across the globe have limited capacity in terms of procuring infusion pumps for intravenous therapy, due to which the demand for IV bags is strengthening globally. In the present time, the widespread use of IV bags for delivering the treatments to a patient directly to the veins is additional factor influencing the demand for the IV bags market. Market Research Hub (MRH) has freshly broadcasted a new study to its vast repository, which examines the Global IV bags market for the forecast period 2017–2027, and thus titled as “IV Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2027”. This 178-page study aims to identify opportunities in the market and present updates as well as insights affecting to various leading segments of the market.

As per the key highlights, the global IV bags market is likely to gain a value of US$1,363.8 mn in 2017. Expanding at a rate of 5.4% between 2017 and 2027, the market is likely to spike a valuation of US$2,316.5 mn by 2027 end. The growing adoption of injection-based therapeutic practices and rising prevalence of chronic diseases is chiefly driving the global IV bags market. Besides, the rising aging population globally that are mainly prone to health conditions is also a crucial factor stoking growth of IV bags market.

IV bags are either glass bottles or thick plastic bags that hang on a stand mounted next to a patient's bed. They are used in intravenous therapy for curing or rehydrating the patient. They are considered to be ideal for the administration of drugs and vital nutrients to patients who are unable to ingest anything orally. IV bags are also useful for delivering medications and for blood transfusion directly to veins.

Report Highlights

In the first part, the executive summary of the report provides a snapshot of the IV bags. Then, the report provides a comprehensive look at the dynamics of the global IV bags market by summarizing its geographical segments, leading product types and major players. Geographically, the global medical electrodes market is studied across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. As stated in the report, North America leads the overall market in terms of revenue, and is anticipated to represent a year-on-year growth of US$300.6 mn over the forecast period.

The report also offers an estimated market size in terms of US$ Mn for material type, capacity type and chamber type for the forecast period of 2017 to 2026. The report also takes into account the macro and micro factors that are affecting the market. The report also offers Porter’s five force analysis and SWOT analysis. An in-depth analysis of factors resulting in driving and restraining growth of the market and future opportunities has been provided in the report.

Segmental Analysis

Among the key material type segments, PP material is anticipated to hold dominance as it is chemically inert and is non-reactive with a packaged solution. On the basis of capacity, 0-250 ml segment is anticipated to hold on to its dominant share over the forecast period.

At last, the study concludes with an important section of competitive landscape which highlights the key players active in the market. Key players currently occupying projecting positions in the global IV bags market include Medicopack A/S, B. Braun Melsungen AG, Baxter International Inc., Hospira, Inc., West Pharmaceutical Services, Inc., Wipak Group, Macopharma SA, Technoflex S.A., Fresenius SE & Co KGaA, Kraton Corporation, Alfa Laboratories, Sippex, Polycine GmbH, The Metrix Company, Haemotronic S.p.A, Renolit Solmed, Otsuka Pharmaceutical India Private Limited and Qosina Corporation.

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