The global Non-Pvc Iv Bags 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 for administration of fluids, blood and blood products intravenously. They are made from materials like Ethylene Vinyl Acetate (EVA) and Polypropylene which are freely flexible, sterilizable and do not release di (2-ethylhexyl) phthalate (DEHP).
Market key trends:
Polyethylene material segment is witnessing high growth in the global market owing to its reliable properties. Polyethylene provides benefits like high impact resistance, transparency, durability and compatibility with fluids. It does not interact with medicine formulations and is stable chemically. Polyethylene material is gaining popularity as an ideal substitute for PVC in IV bags as it does not release plasticizers like DEHP which could harm human health. Its use ensures safety of patients receiving intravenous treatment through non-PVC bags.
Segment Analysis
The global Non-PVC IV Bags market is dominated by the polyethylene (PE) sub-segment. PE bags are preferred over other materials such as ethyl vinyl acetate (EVA) and polypropylene (PP) due to their high flexibility, clarity, resistance to bacteria and ability to be heat-sealed. PE bags are widely used for intravenous fluids like saline, dextrose, amino acids etc. and injection solutions/drugs due to their inertness.
Key Takeaways
The Global Non-PVC IV Bags Market Size is expected to witness high growth, exhibiting CAGR of 9.5% over the forecast period, due to increasing prevalence of chronic diseases and rising demand for flexible and safer parenteral packaging.
Regional analysis
North America dominates the global Non-PVC IV Bags market and is expected to continue its dominance over the forecast period. This is attributed to increasing healthcare spending and rising cases of chronic diseases in the region. Asia Pacific is projected to be the fastest growing market for Non-PVC IV Bags owing to growing medical tourism industry and rising disposable incomes in countries like China and India.
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.
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