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Non-PVC IV Bags Market Size Expected to be Worth $3.19 Billion By 2028, at 9.9% CAGR: Polaris Market Research

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Non-PVC IV Bags Market Size Expected to be Worth $3.19 Billion By 2028, at 9.9% CAGR: Polaris Market Research

April 21
02:50 2022
Non-PVC IV Bags Market Size Expected to be Worth $3.19 Billion By 2028, at 9.9% CAGR: Polaris Market Research
According to the research report, the global non-PVC IV bags market size & share was valued at USD 1.53 billion in 2020 and is expected to reach USD 3.19 Billion By 2028, to grow at a CAGR of 9.9% during the forecast period.

According to the research report, the global non-PVC IV bags market size & share was valued at USD 1.53 billion in 2020 and is expected to reach USD 3.19 Billion By 2028, to grow at a CAGR of 9.9% during the forecast period.

What is Non-PVC IV Bags? How big is Non-PVC IV Bags Market?

  • Overview

 

Nowadays, non-PVC bags are used for fluids, such as polyethylene and polypropylene. Non PVC bags are like PVC bags dependent on the medicinal agent being used to not generate a reaction, but it relies on the drug. They can be manufactured either with form-filled technology or in the shape of bottles that can be sealed after the filling. Non PVC IV bags are accepted for their safe nature and convenience during transportation and handling.

The demand for non-PVC IV bags has a massive market in oncology treatment. Various agents utilized in these therapies interact with compounds prevalent in conventional PVC IV containers and transform them into hazardous agents. Therefore, the probability of drug contamination plays a crucial role in the growth of the global non-PVC IV bags market.

Request Sample Copy of Research Report @ https://www.polarismarketresearch.com/industry-analysis/non-pvc-iv-bags-market/request-for-sample

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Important Questions Being Answered by The Market Report

  • What is the market size and growth?
  • What are the prevalent trends that will impact the market shortly?
  • What are the driving factors, opportunities, and restraints of the non-PVC IV bags market?
  • What are the upcoming estimates that would assist in taking additional steps that are strategic?
  • What is the future prediction for the non-PVC IV bags market?
  • Who are the leading global players in the market?

 

Top Market Players Are:

  • Baxter
  • Angiplast Pvt. Ltd.
  • RENOLIT
  • Jiangxi Sanxin Medtec Co. Ltd.
  • PolyCine GmbH
  • Shanghai Xin Gen Eco-Technologies Co. Ltd.
  • B. Braun Melsungen AG
  • Pfizer Inc.
  • Kraton Corp

 

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Non PVC IV bags market: Growth leading factors

Non-PVC IV bags are predominantly utilized for chemotherapy and parenteral nutrition. With the emergence of various substitutes like polypropylene and EVA. PVC packaging may be restored by non-PVC substitutions. These substances can be used for several purposes, like cold or frozen storage for conventional mixtures. Therefore, there is a broad relevance of non-PVC IV bags anticipated to push the market growth over the forecast period.

Strict regulatory policies pertained to PVC IV bags have caused the growth in the usage of non-PVC materials in the medical and non-medical industries. The worldwide movement towards non-PVC substances offers growth prospects that are tremendous, drawing investors and producers to the sector. In parenteral nutrition services, non-PVC IV bags are becoming the norm. There is a high demand for multi-chambered containers as the competition differs between patients.

With the onslaught of the covid-19 pandemic, there is a growth in the demand for medical supplies required for an infected population. The medical supplies need to grow among healthcare professionals and civilians for preventive steps because the covid-19 cases are increasing globally. Producers of these products have a chance to take advantage of the profit due to the growing demand for medical supplies with the growth in the number of covid-19 cases worldwide.

Directly Purchase a copy of the report with TOC @ https://www.polarismarketresearch.com/checkouts/9141

Non-PVC IV Bags Market: Report Scope

Report Attribute

Details

Market Size 2020 Value

USD 1.53 billion

Market Outlook for 2028

USD 3.18 billion

Expected CAGR Growth

9.9% from 2021 – 2028

Base year

2020

Forecast period

2021 – 2028

Segments covered

By Product, By Material, By Content, By Region

Key Companies

Baxter, Angiplast Pvt. Ltd., RENOLIT, Jiangxi Sanxin Medtec Co., Ltd., PolyCine GmbH, Shanghai Xin Gen Eco-Technologies Co., Ltd., B. Braun Melsungen AG, Pfizer, Inc., and Kraton Corp.

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization Options

Customized purchase options are available to meet your research needs.

 

Non PVC IV bags market: Key segmentation

  • Insight by product, material, content, and region

 

By material, Ethylene Vinyl Acetate (EVA) is anticipated to observe healthy growth due to growing usage in blood banks and storage of frozen mixture. Additionally, increasing consciousness of the storage of blood and blood components is due to the growing number of blood banks globally. By product, single chamber non-PVC IV bags is anticipated to observe a high market share due to their convenience in handling, disposables, and transportation. By content, liquid mixture dominated the market due to applications of new designs and the high usage of IV drips in the hospitals.

By region, North America is anticipated to dominate a vital market share due to growing government initiative, increasing strictness for regulatory bodies towards safety and patient care, increasing expenditure on advancing research and development, and increasing familiarity with diseases like cancer and diarrhea accepted healthcare infrastructure and the presence of several major players. Further, the growing assumption for technological advancements and new drug delivery systems are also anticipated to push the market.

Browse the full “Non-PVC IV Bags Market Share, Size, Trends, Industry Analysis Report, By Product (Single Chamber, Multi Chamber); By Material; By Content (Frozen Mixture, Liquid Mixture); By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/non-pvc-iv-bags-market

Objectives of the report

  • The single-chamber product segment controlled the global market accounting for a significant revenue share in 2020 due to substantial usage of IV drips and other mixtures
  • Ethylene Vinyl Acetate (EVA) was the most significant material segment and will resume its supremacy over the forecast period
  • Greater defense and usage of EVA in mixtures that are frozen like blood banks are anticipated to have a notable influence on the segment growth
  • The liquid mixture segment held the most significant share of revenue in the forecast period because of its increased usage
  • The appearance of an extensive  number of restricted companies and increasing Foreign Direct Investments (FDIs) companies in the Asia Pacific are running the regional market

 

The market primarily depends on the product, material, content, and region

Non PVC IV bags market: By product

  • Single Chamber
  • Multi-Chamber

 

Non PVC IV bags market: By material

  • Ethylene Vinyl Acetate
  • Polypropylene
  • Co-polyester Ether
  • Others

 

Non PVC IV bags market: By content

  • Frozen Fixture
  • Liquid Mixture

 

About Us:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

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