Global IV Bags Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global IV Bags Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

IV bags are primarily used for delivering the medications intravenously. A solution is administered into a vein through an infusion set that includes a plastic or glass vacuum bottle or bag containing the solution and tubing connecting the bottle to a catheter or a needle in the patient's vein. Factors such as the availability of specialized medical equipment help the hospitals and health care centers to maintain the market value. IV bags are used to deliver liquid substances directly into veins. As the IV bags meet various medical requirements, such as preserving capacity, sterilization, transportation, and handling needs, the global IV bags market is anticipated to gain more popularity in the upcoming years.

Market Overview:

The latest research study on the global IV Bags market finds that the global IV Bags market reached a value of USD 3611.98 million in 2022. It’s expected that the market will achieve USD 5794.12 million by 2028, exhibiting a CAGR of 8.19% during the forecast period.

The new coronavirus has had a major impact on all industries. The pandemic has caused mass production shutdowns and supply chain disruptions, affecting the economy of almost every country in the world. In the first quarter of 2020, the coronavirus spread globally, so many countries were blocked. Initially, the blockade disrupted the product supply chain and the supply chain of raw materials. As the coronavirus spreads more and more worldwide, many manufacturing plants have also closed.

Among all the industries affected, the IV Bags industry is also one of them. At the beginning of the spread of COVID-19, it was difficult for companies to supply their products to the market for sale, and the production of products also faced the problem of lack of labor and interruption of the raw material supply chain. In addition, consumers pay more attention to some essential products, such as food and water. And not the other. Over time, companies slowly started to reopen to meet some of the market's demand for products.

COVID-19 is a major medical and health problem. With the increase of patients, the demand for medical equipment has increased. This aspect has promoted the demand for IV Bags. Under this driving factor, the market's demand for IV Bags has begun to increase substantially. After the spread of the virus, consumers have become more cautious about hygiene. Manufacturers are therefore focusing on using packaging materials that will offer protection against contaminants during transit. The factor is expected to favor the growth of the market for IV bags.

Political Factors

Political factors determine the extent of government influence on the economy or a particular industry. Factors such as changes in standards and regulations will affect the market demand for IV Bags. Political factors include tax policies, fiscal policies, trade tariffs, etc. The government may implement these policies around the fiscal year and then influence the business environment (economic climate) to some extent. For example, the government may impose new taxes or tariffs and the revenue generating structure of the entire organization may change as a result.

Social Factors

Social factors have a direct impact on how marketers understand customers and the factors that drive them. The increase in demand has brought opportunities to the development of the industry and has had a positive impact on the development of the industry. With economic growth, technological progress and the development of modern society, it has an impact on the demand for IV bags.
With the improvement of people's living standards, the enhancement of medication safety awareness and the advancement of hospital drug delivery technology, major domestic hospitals and patients have gradually increased the safety requirements for medication. In the past, glass infusion bottles and plastic infusion bottles were used for infusion in many places. Glass bottles are the first-generation packaging materials, which are easily damaged, heavy, and easily contaminated. Plastic bottles are the second-generation packaging materials. Compared with glass bottles, the difficulty of material damage and weight have been significantly improved, but the problem of secondary pollution still exists. The mouth of IV bags has better sealability, is not suitable for contamination, and is safer to use. In the future, it will be the main development trend of the infusion industry.

Region Overview:

From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects

Company Overview:

Baxter international Inc. is one of the major players operating in the IV Bags market, holding a share of 29.6% in 2023.

Baxter international Inc.

Medical products manufacturer Baxter International is a leading producer of intravenous (IV) fluids and systems. The company makes a range of sterile IV solutions, generic injectable pharmaceuticals, and parenteral nutritional products, along with IV administration sets, infusion systems and devices.

Fresenius SE & Co. KGaA

Fresenius Kabi Contract Manufacturing is Fresenius Kabi’s business-to-business platform dedicated to tailor-made contract development and manufacturing services for sterile drugs and medical equipment.

Segmentation Overview:

As for product types, the 0 – 250 ml segment held the largest market share in 2022.

Application Overview:

By application, the Hospital segment occupied the biggest share from 2018 to 2022.

Key Companies in the global IV Bags market covered in Chapter 3:

SSY
B.Braun Melsungen AG
Sippex
Baxter International Inc.
Medicopack A/S
Fresenius SE & Co. KGaA
Technoflex SA
ICU Medical
Otsuka Pharmaceutical
The Metrix Company
Qosina Corporation
Haemotronic SpA
Alfa Laboratories

In Chapter 4 and Chapter 14.2, on the basis of types, the IV Bags market from 2018 to 2029 is primarily split into:
0-250 ml
250-500 ml
500-1000 ml
Above 1000 ml

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the IV Bags market from 2018 to 2029 covers:

Hospital
Clinic
Blood center
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)