Industry Background:
Medical IV bags which are used for storage of IV fluids which are use whenever required . Thin tube, often called an IV, that's inserted into one of your veins. IV bags include different IV Fluids which used in emergencies and for normal treatments. IV administers a fluid or medication directly into the patient’s bloodstream these fluid is contained in small bags or according to required amount bag is taken ,kept on stand so it can drip down easily .It then travel down a tube goes through needle that penetrating the skin makes way directly to bloodstream. An IV pump regulates the amount of fluid that comes out of the IV bag. Using a different intravenous fluid instead of the usual saline greatly reduced the risk of death or kidney damage, two large studies found. Intravenous fluid regulation is the control of the amount of fluid you receive intravenously, or through your bloodstream. Bag is connected via intravenous line. They are used to prevent dehydration, maintain blood pressure, or give patients medicines or nutrients if they can't eat.
According to AMA Research, the market for Medical IV Bags is expected to register a CAGR of 5.8% during the forecast period to 2030. This growth is primarily driven by Increasing Demand for Critical Unit In Hospitals
.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Sippex IV Bags (France), Pfizer (United States), Fresenius Kabi (Germany), Baxter International (United States), B. Braun (United States), B. Braun Melsungen (Germany), BD (Becton, Dickinson and Company) (United States), Cardinal Health (United States), ICU Medical (United States) and MedOne (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Pfizer in august 2019 announced the closing of its joint venture with GSK (GlaxoSmithKline) to combine the parties’ respective consumer healthcare businesses to create the world’s largest over the counter business with robust iconic brand. . As previously announced, under the terms of the transaction, Pfizer owns a 32% equity stake in the joint venture and GSK owns 68%. The combined business, which will operate globally as GSK Consumer Healthcare.It also furthers Pfizer’s evolution to be a more focused, global leader in science-based, innovative medicines that delivers breakthroughs that change patients’ lives and creates long-term value for shareholders.
On December 14, 2023, Baxter International Inc. announced the completion of the first phase of its intravenous (IV) bag recycling program pilot, marking a significant step towards sustainability in the healthcare sector.As the critical treatments are on hike the accidents and many other situations requires emergency treatment in which direct infusion of fluid or blood in bloodstream is required for quick results and to save the patient life from danger. Many companies launching the medical IV bags with innovation and easy to use features which increasing the competition between the companies for earning profits. Therefore many companies wanted to get merged or getting acquired by big firms for good hospital service and bettering patient life.
Influencing Trend:
Highly Recommended In Treatment Of Unconscious Patients and Highly Used In Intravenous Therapy
Market Growth Drivers:
Increasing Demand for Critical Unit In Hospitals and Bags Are Easy To Store and easy to handle
Challenges:
Leakage Can Occur and High Price Associated Product
Restraints:
Catheters Are Painful Which Used For Penetration and Occurrence of Vitamin Overdose
Opportunities:
Emergency Treatments To Unconscious Patients and Growing use in Situation Like Disaster And Unpredictable Situations
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical IV Bags Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical IV Bags Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical IV Bags players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical IV Bags Study Sheds Light on
The Medical IV Bags Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical IV Bags industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical IV Bags industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.