Non-PVC IV Bags Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Non-PVC IV Bags Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : February, 2021 | Medical Devices

Report Digest

Global Non-PVC IV Bags Market: Overview

Non-PVC IV bags are acknowledged for their since safe nature and the convenience they offer during handling and transportation. These bags have a strong demand in oncology treatment. Several agents used under these therapies are prone to interaction with compounds present in traditional PVC IV containers and tend to convert into hazardous agents. Hence, the risk of drug contamination is playing an important role in the growth of the global non-PVC IV bags market. Favorable government initiatives are also impacting the market positively. On the basis of type, the market can be divided into single chamber and multi chamber. Based on content, the market can be segmented into liquid mixture and frozen mixture.

Global Non-PVC IV Bags Market: Key Trends

PVC materials are widely used for packaging. However, they are non-decomposable and thus, their disposal has a negative impact on the environment. The rising environmental concerns are, therefore, paving way for the development of eco-friendly substitutes to PVC, which in turn is stoking the growth of the global non-PVC IV bags market. Moreover, the soaring demand for safer and effective medical packaging is augmenting the global market. The improving healthcare facilities in emerging countries and strict norms pertaining to the usage and disposal of PVC are also providing a fillip to the market. Despite the environment-friendly nature of non-PVC IV bags, their high cost is limiting their widespread adoption.

Global Non-PVC IV Bags Market: Market Potential

The demand for single-chambered bags will remain high throughout the forecast period. The increasing number of point-of-care facilities and home care setups is accentuating the demand for single-chamber bags, which will work in favor of the overall market. On the other hand, manufacturers are now increasingly focusing towards the development of multi-chambered bags and pouring large sums into research activities in the field. The growing utilities of this type of non-PVC IV bags in numerous applications, including parental nutrition services, chemotherapy, and drug reconstruction are likely to render the market highly lucrative.

Moreover, players are paying high attention to the development of customized non-PVC IV bags that can better adapt and scale to suit the requirements of end users. The surging number of local players in India and China market are leading to the availability of non-PVC IV bags at competitive pricing, which in turn is likely to trigger their sales.

Global Non-PVC IV Bags Market: Geographical Segmentation

From a geographical standpoint, the report segments the global non-PVC IV bags market into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America and Europe will account for a substantial cumulative share throughout the review period. The increasing stringency of regulatory bodies towards patient safety along with the rising adoption of novel medical devices is driving the growth of the regions. Moreover, stringent norms for disposal of PVC materials are propelling the demand for non-PVC IV bags in these regions.

Asia Pacific, on the other hand, will exhibit a noteworthy CAGR during the same period. The growth of the market can be attributed to the presence of several fast-developing economies, including India and China. The improving healthcare infrastructure and booming medical tourism industry in these economies are fuelling the growth of the overall region. Besides this, the rising environmental concerns and growing foreign direct investments are playing a vital role in the growth of APAC.

Global Non-PVC IV Bags Market: Key Players

Some of the key participants in the global non-PVC IV bags market are Shanghai Xin Gen Eco-Technologies Co. Ltd, PolyCine GmbH, RENOLIT, Jiangxi Sanxin Medtec Co. Ltd., Kraton Corporation, Cryovac Inc. (Sealed Air), Shanghai Solve Care Co. Ltd., and ANGIPLAST PVT. LTD.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?