The global Non-pvc IV Bag Market is estimated to be valued at US$ 2164.96 Mn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Non-pvc IV bags are medical devices used to administer fluids, blood and medications intravenously to patients. They are more flexible, sterile and safe for extended storage as compared to traditional PVC bags.
Market key trends:
One of the key trends in the non-pvc IV bag market is the growing preference of pharmaceutical and healthcare industries for non-toxic and non-hazardous products. Non-pvc IV bags are manufactured using materials such as ethyl vinyl acetate and cyclic olefin polymer which are non-DEHP and non-phthalate. They avoid leaching of toxic plasticizers into intravenous solutions thereby providing safe administration of therapies to patients. The DEHP content in PVC IV bags poses health risks especially to pregnant women, infants and other sensitive groups. Stringent regulatory norms and rising health awareness among consumers have increased the demand for non-pvc IV bags.
Segment Analysis
The global non-PVC IV bags market is dominated by the polyethylene (PE)-based IV bags segment. PE-based IV bags have high biocompatibility and are widely used for short-term storage and delivery of medicines and fluids. These bags are transparent, lightweight, and have good chemical and puncture resistance. PE offers excellent barrier properties against moisture, oxygen, and external contaminants, thereby maintaining the sterility, safety, and chemical stability of solutions.
Key Takeaways
The global Non-PVC IV Bags Market Share Size is expected to witness high growth, exhibiting CAGR of 9.5% over the forecast period, due to increasing regulations banning the use of PVC in medical devices and growing preference for non-toxic and biocompatible materials.
Regional analysis
Asia Pacific region is expected to grow the fastest in the non-PVC IV bags market owing to increasing healthcare infrastructure, rising medical tourism, and growing need for safe and effective IV solution delivery in countries like China, India, Japan and South Korea. North America currently dominates the market due to stringent regulations, developed healthcare system, and presence of major players.
Key players
Key players operating in the non-PVC IV bags market are Renolit SE, Kraton Corporation, Shanghai Solve Care Co., Ltd., Shanghai Xin Gen Eco-Technologies Co., Ltd., PolyCine GmbH, Jiangxi Sanxin Medtec Co., Ltd., Sealed Air, Baxter, B. Braun Melsungen AG, Sichuan Kelun Pharmaceutical Co., Ltd., Fresenius Kabi AG, Otsuka Holdings Co., Ltd., Sartorius AG, Technoflex, and Huaren Pharmaceutical Co., Ltd.
Read More,
https://www.insightprobing.com/non-pvc-iv-bags-market-trends-size-and-share-analysis/
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