About Non-PVC IV Bag
The Non-PVC IV bags are acknowledged for their since safe nature and the convenience they offer during handling as well as transportation. These bags have a strong demand in the oncology treatment area. Numerous agents used under various therapies are prone to interaction with compounds present in traditional PVC IV containers and tend to convert into hazardous agents. Therefore, 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States and Chinese Players will contribute the maximum growth to Global Non-PVC IV Bag market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baxter International Inc. (United States), SSY Group Limited (China), B. Braun Medical Inc. (United States), Fresenius Kabi Ltd. (United Kingdom), ICU Medical Inc. (United States), Otsuka Pharmaceutical India Private Limited (India), Cisen Pharmaceutical Co., Ltd., (China), Technoflex S.A (France), Huaren Pharmaceutical (China) and Renolit (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CR Double-Crane (China), Vioser (Greece), Sippex (France), Well Pharma (United States) and Douglas (United States).
Segmentation Overview
AMA Research has segmented the market of Global Non-PVC IV Bag market by Type (Single-chambered and Multi-chambered), Application (Chemotherapy, Targeted Drug Delivery, Glucose injection, Sodium chloride solution, Electrolyte injection, Nutrient injection and Others) and Region.
On the basis of geography, the market of Non-PVC IV Bag has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Non-PVC IV Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Ethylene Vinyle Acetate will boost the Non-PVC IV Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Safer & Environmental Friendly Medical Components
Market Growth Drivers:
The Increasing Number of Point-of-Care Facilities, The Increasing Adoption of Injection-Based Therapeutic Practices, Rising Prevalence of Chronic Diseases and The Rising Aging Population Globally
Restraints:
Availability of PVC IV Bags & Others
Opportunities:
Emerging Demand from Developed & Developing Countries
Market Leaders and their expansionary development strategies
In September 2022, B. Braun Medical Inc. (B. Braun), a renowned leader in infusion therapy and pain management, acquired Starboard Medical, Inc.'s Clik-FIX catheter securement device portfolio. This acquisition strengthens B. Braun's commitment to enhancing the patient experience and improving outcomes in peripheral intravenous (IV) therapy through continuous product and program innovation.
In January 2023, Baxter International Inc., a prominent global medtech company, unveiled a comprehensive strategic roadmap aimed at enhancing operational effectiveness, driving long-term performance, fostering innovation, and generating added value for stakeholders. Key changes include the proposed spin-off of the Renal Care and Acute Therapies global business units (GBUs) into a separate publicly traded company, streamlining commercial and manufacturing operations for improved business performance, and evaluating strategic alternatives for the BioPharma Solutions (BPS) business to enhance Baxter's capital structure.
Key Target Audience
Non-PVC IV Bag Manufacturers, Non-PVC IV Bag Raw Material Suppliers, Non-PVC IV Bag Distributors, Non-PVC IV Bag Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.