Empty IV Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Empty IV Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2019 | Medical Devices | PPT format

Report Digest


Global Empty IV Bags Market: Overview 

To enhance the environmental-friendliness, governments are banning the application of phthalate IV bags as much as possible. However, the bans are aimed to reduce the impact of the phthalate IV bags and cautiously take the well-being of the patients under consideration. These bans, for instance, the one posed by Denmark Health Commission on application of (2-ethylhexyl) phthalate (DEHP), Dibutyl Phthalate (DBP), have stimulated IV bags manufacturers to produce eco-friendly bags. As a result, the demand for non-PVC IV bags has risen atan accelerated pace. This surging demand for bio-degradable IV bags is the major reason for growth of the global empty IV bags market. 

A report from TMR Research encapsulates similar factors that are responsible for growth of global empty IV bags market in the forecast period of 2018 to 2028. The report offers an in-depth analysis of the market covering essential facets such as notable developments, key players, and challenges in the market. 

Global Empty IV Bags Market: Notable Developments and Competitive Landscape 

Being highly competitive, the global Empty IV bags market is dominated by few prominent players. This results in moderately consolidated landscape and is luring new players. However, getting established themselves in market is not as simple as it appears for the new comers.Companies like B.Braun Melsungen AG, Baxter international Inc., Hospira Inc., West Pharmaceutical Services Inc., have significant dominance over the market based on their technical expertise and wide range of resourceswhich makes it is tough for the new players to compete with them. 

The sustainability of the new players is expected to be backed by strategies such as partnerships and collaborations. With the help of these strategies, the new comers can acquire necessary resources better production and greater sales. Moreover, with the help of these strategies the players can also leverage the technology of partnered organization which can further boost their position in global empty IV bags market. 

On the other hand, veterans of the market are strengthening their position by acquiring small and medium scale businesses. This strategy allow the players to expand their production capacity, technological expertise, and product portfolio in multiple domain of the market. This further allows the players to boost their profit quotient and achieve a noteworthy position in the market. 

  • In 2019, Scripps Health Announced to acquire ICU Medical, Inc. The acquisition allowed the company to take-over the IV consumables and solutions of ICU Medical which allowed the company to expand its portfolio of IV bags and other associated solutions. As a result of this acquisition, the Scripps health is expected to account for a staggering 36% share of global empty IV bags market in the forecast period of 2018 to 2028. 

Global Empty IV Bags Market: Key Drivers

Ban of PVC IV Bags Boosts Growth 

Since majority of countries have banned the use of the PVC IV bags to reduce their adverse effect on environment, the demand for eco-friendly IV bags has raised significantly in past few years. The demand for these IV bags are majorly from the specialty hospitals which deals with surgery of gall bladder, kidney stones, and intestine infections. This hiked demand for eco-friendly IV bags has surged the growth of global empty IV bags market in the forecast of 2018 to 2028. 

Favorable Reimbursement Policies 

Government agencies like Centers for Medicare & Medicaid Services (CMS) offer flexible reimbursement policies that covers surgeries involving IV bags in the procedures. Moreover, agencies of other countries have reimbursement plans in their clause for the surgeries that requires IV bags. These policies are fueling the sales of IV bags across the globe which as result is increasing the growth of global empty IV bags market. 

Rising Prevalence of Cancer

Cancer treatment deprives human body from nutrition. . Moreover, it also impacts the human body by creating physical obstructions, dysfunction of GI tracks, and ulcers generation. All of these restrict the body to extract nutrition naturally from the food. As a result, they have to be injected externally. Since cancer has grown in prevalence over past few years, the demand for IV bags has also spiked exponentially. This is yet another reason that is expected to boost growth of global empty IV bags market in the forecast period 

Global Empty IV Bags Market: Regional Analysis 

North America is expected to witness a maximum growth in empty IV bags market during the projected period. The adoption of empty IV bags in region is highs as a result of growing acceptance of innovative technologies, high disease prevalence, improved government investments to enhance the healthcare infrastructure, and flexible reimbursement policies. Moreover, growing geriatric population in the region is another factor that is promoting its dominance in empty IV bags market. 

The global empty IV bags market is segmented on the basis of: 

Product Type 

  • PVC Empty IV Bags
  • Non-PVC Empty IV Bags
    • Polypropylene (PP)
    • Copolyester Ether (COPE)
    • Ethylene-vinyl acetate (EVA)
    • Others

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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