Global Non-PVC IV Bags Market
Global Non-PVC IV Bags Market had a valuation of US$ 1,805.6 million in 2021, and is anticipated to grow at a CAGR of 9.5% during the estimated timeframe (2021-2028), as highlighted in a new report published by Coherent Market Insights.
The expanding pervasiveness of ongoing infections such as disease and kidney-related ailments is supposed to drive the global non-PVC IV bags market development over the forecasted timeframe. As per a report distributed by the Centers for Disease Control and Prevention, more than one out of seven (15%) of the grown-ups, or 37 million individuals in the U.S. are assessed to have persistent kidney illness starting around 2021.
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Effect of the Coronavirus (COVID-19) Pandemic
The pre-COVID circumstance of the non-PVC IV sacks market was good for central participants, and organizations working in the market were centered around acquiring a huge offer on the lookout. The COVID-19 lockdown brought about the conclusion of modern foundations, with the exception of the assembling of fundamental wares, and there was a disturbance in the store network of the items. The COVID-19 pandemic impacted the economy by directly influencing creation and demand, by making disturbances in conveyance channels, and furthermore, by its monetary effect on firms and monetary business sectors.
The coronavirus can influence the economy in three principal ways; by straightforwardly influencing creation and request, by making disturbances in appropriation channels, and through its monetary effect on firms and monetary business sectors. The store network and assembling exercises in India, China, and the U.S. were upset due to the worldwide lockdown, while a few nations, like Saudi Arabia, UAE, Egypt, and others, are dealing with issues concerning the transportation of non-PVC IV sacks starting with one spot then onto the next.
Besides, expanding inorganic systems embraced by the central members, such as associations, are additionally expected to help with the development of the global non-PVC IV bags market over the conjectured timeframe. In October 2021, Kraton Corporation, a main worldwide maker of bio-based synthetics and specialty polymers, reported that it had entered into a definitive consolidation concurrence with DL Chemical Co., Ltd., an extensive petrochemical organization delivering and providing polyethylene and plastic items. Furthermore, under this agreement, DL Chemical Co., Ltd. will receive 100 percent of an all-cash exchange of Kraton in this manner, resulting in a venture worth approximately US $2.5 billion. Kraton investors will receive approximately US $46.50 in real money for each portion of Kraton common stock they own.
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Key Takeaways
The global non-PVC IV bags market is supposed to show a CAGR of 9.5% during the forecasted timeframe due to expanding innovative work consumption by players, associations, nations, and others, as most would consider normal to drive the market’s development. As per the Congressional Research Service Report, April 2020, the total worldwide R&D use expanded by three folds, which was from US$ 676 billion to US$ 2.0 trillion in the years 2000 and 2018, separately.
Among applications, chemotherapy fragment is assessed to represent the biggest piece of the pie in the global non-PVC IV bags market in 2021. Chemotherapy is a kind of disease therapy where at least one anti-malignant growth drug is regulated as a piece of normalized chemotherapy routine. Intravenous (IV) chemotherapy is a kind of disease treatment where chemotherapy medication is infused straightforwardly into a patient’s vein, where it enters the circulation system right away. The rising commonness of disease will bring about an expanding demand for non-PVC IV packs, as would be considered normal to drive the global non-PVC IV bags market development over the estimated timeframe.
Based on locale, North America is assessed to represent the biggest piece of the pie in the global non-PVC IV bags market in 2021, attributable to the presence of driving business sector players like Fagron Sterile Services, Fresenius Kabi, and others in the district, which creates non-PVC IV sacks. In March 2021, Fagron Sterile Services, a U.S.-based drug organization, fostered another foundation of intravenous (IV) holders for the bundling of COVID-19 medications like fentaNYL, HYDROmorphone, and Midazolam.
Key companies contributing to the global non-PVC IV bags market include Baxter, Sealed Air, Jiangxi Sanxin Medtec Co., Ltd., Shanghai Xin Gen Eco-Technologies Co., Ltd., Otsuka Holdings Co., Ltd., Shanghai Solve Care Co., Ltd., Renolit SE, Huaren Pharmaceutical Co., Ltd., Kraton Corporation, Technoflex, Sartorius AG, PolyCine GmbH, Fresenius Kabi AG, Sichuan Kelun Pharmaceutical Co., Ltd., and B. Braun Melsungen AG.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Material
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Mergers and Acquisitions
- PEST Analysis
- Porter’s Five Forces Analysis
- Regulatory Framework
- Market Trends
- Key Development
- Value Chain Analysis
- Company Market Share Analysis
- Market Dynamics
- Global Non-PVC IV Bags Market– COVID-19 Impact Analysis
- Pre-COVID-19 Impact
- Economic Impact
- Demand Supply Impact COVID-19 Epidemiology
- Global Non-PVC IV Bags Market, By Type, 2017 – 2028, (US$ Million)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Single-chambered
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Multi-chambered
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Overview
- Global Non-PVC IV Bags Market, By Material, 2017 – 2028, (US$ Mn)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Polypropylene (PP) IV Bag
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Polyethylene IV Bag
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Copolyester Ether IV Bag
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Ethylene-vinyl Acetate (EVA) IV Bag
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Overview
- Global Non-PVC IV Bags Market, By Application, 2017 – 2028, (US$ Mn)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Chemotherapy
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Targeted Drug Delivery
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Glucose Injection
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Sodium Chloride Solution
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Electrolyte Injection
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Nutrient Injection
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Overview
- Global Non-PVC IV Bags Market, By End User, 2017 – 2028, (US$ Mn)
- Overview
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Emergency Service Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
- Overview
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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