Market Overview:
The global medical IV bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising demand for home healthcare, and technological advancements in medical devices. Based on type, the global medical IV bags market is segmented into flex plastic IV bags, semi-rigid IV bags, and others. The flex plastic IV bag segment is expected to account for the largest share of the global medical IV bags market in 2018 owing to its low cost and high durability.
Product Definition:
A medical IV bag is a container in which fluids and other substances can be administered intravenously to patients. The fluid can be a simple saline solution or something more complex, such as antibiotics or chemotherapy drugs.
Flex Plastic IV Bags:
Flexible plastic IV bags, also known as non-woven or artificial membrane bags, are used for the collection and storage of fluid in medical treatments. These flexible plastic bags have a thickness of around 0.3 to 3 mm and a width ranging from 5 to 50 cm depending on the requirement. They are majorly used for fluid transportation during intravenous therapy but can also be used for blood transfusion and tissue preservation purposes.
Semi-rigid IV Bags:
Semi-rigid IV bags are used to transfer fluid from a source to a destination. It is also known as volume transfer device (VTD). They are majorly used in medical IV bags market for the infusion of fluids such as antibiotics, dextrose, saline solution and others. These semi-rigid IV bags have two components namely tubing and collection reservoir that work together during the process of fluid transfer.
Application Insights:
Based on the application, the global medical IV bags market is segmented into hospital, clinic and others. The hospital segment dominated the market in 2017 owing to increasing number of surgeries and rising prevalence of chronic diseases. In addition, government initiatives such as National Health Insurance in China that covers drug costs may further drive demand from this sector.
The Clinic segment is expected to be fastest-growing application over forecast period due to an increase in patients visiting clinics for treatment or check-ups. Increasing awareness about availability of advanced healthcare facilities with highly skilled personnel at a domestic level coupled with higher living expenses has encouraged people from middle-income countries to seek care at clinics instead of hospitals for minor ailments or injuries. This trend can also be witnessed among high income countries where personal injury cases are concerned; hence driving demand for these products at a domestic level as well as abroad through air ambulance services when required by law enforcement agencies or military hospitals during times of armed conflicts or natural disasters such as earthquakes etc.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving the regional growth. Moreover, increasing demand for home healthcare is also expected to drive the North American market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising medical tourism and improving healthcare infrastructure in emerging countries such as India and China. In addition, an increase in chronic diseases burden will also boost IV bag demand over this period due to growing need for long term care & treatment at a lower cost than hospital settings with better outcomes (Tetra Bags). Rising awareness about blood donation coupled with increased incidence of trauma injuries has led to an increase in overall blood donations which further drives product sales globally (Sangio bags).
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases such as heart disease, stroke, cancer, and diabetes accounted for 63% of all deaths in 2012. This number is expected to rise to 73% by 2030. This will create a large demand for medical IV bags in the coming years.
- Technological advancements: The medical IV bag market is witnessing rapid technological advancements due to the intense competition among players in this space. These advancements are helping manufacturers offer innovative products that meet the needs of patients and healthcare professionals alike. For instance, some companies are now offering bags with built-in sensors that can track various parameters such as fluid volume and temperature levels remotely. Such innovations are likely to fuel growth in this market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical IV Bags Market Research Report
By Type
Flex Plastic IV Bags, Semi-rigid IV Bags, Others
By Application
Hospital, Clinic, Others
By Companies
Baxter, SSY Group, B.Braun, Fresenius Kabi, Hospira, Otsuka, Cisen Pharmaceutical, Renolit, Technoflex, Huaren Pharmaceutical, CR Double-Crane, ICU Medical, Pharmaceutical Solutions Industry Ltd, Vioser, Sippex, Well Pharma
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Medical IV Bags Market Report Segments:
The global Medical IV Bags market is segmented on the basis of:
Types
Flex Plastic IV Bags, Semi-rigid IV Bags, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baxter
- SSY Group
- B.Braun
- Fresenius Kabi
- Hospira
- Otsuka
- Cisen Pharmaceutical
- Renolit
- Technoflex
- Huaren Pharmaceutical
- CR Double-Crane
- ICU Medical
- Pharmaceutical Solutions Industry Ltd
- Vioser
- Sippex
- Well Pharma
Highlights of The Medical IV Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flex Plastic IV Bags
- Semi-rigid IV Bags
- Others
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical IV Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical IV bags are a type of medical device that is used to administer medications and other treatments through an intravenous (IV) line. They are typically made from plastic or metal, and come in various sizes to accommodate different types of needles.
Some of the major players in the medical iv bags market are Baxter, SSY Group, B.Braun, Fresenius Kabi, Hospira, Otsuka, Cisen Pharmaceutical, Renolit, Technoflex, Huaren Pharmaceutical, CR Double-Crane, ICU Medical, Pharmaceutical Solutions Industry Ltd, Vioser, Sippex, Well Pharma.
The medical iv bags market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical IV Bags Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical IV Bags Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical IV Bags Market - Supply Chain
4.5. Global Medical IV Bags Market Forecast
4.5.1. Medical IV Bags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical IV Bags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical IV Bags Market Absolute $ Opportunity
5. Global Medical IV Bags Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical IV Bags Market Size and Volume Forecast by Type
5.3.1. Flex Plastic IV Bags
5.3.2. Semi-rigid IV Bags
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical IV Bags Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical IV Bags Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical IV Bags Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical IV Bags Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical IV Bags Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical IV Bags Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical IV Bags Demand Share Forecast, 2019-2026
9. North America Medical IV Bags Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical IV Bags Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical IV Bags Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical IV Bags Market Size and Volume Forecast by Type
9.7.1. Flex Plastic IV Bags
9.7.2. Semi-rigid IV Bags
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical IV Bags Demand Share Forecast, 2019-2026
10. Latin America Medical IV Bags Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical IV Bags Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical IV Bags Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical IV Bags Market Size and Volume Forecast by Type
10.7.1. Flex Plastic IV Bags
10.7.2. Semi-rigid IV Bags
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical IV Bags Demand Share Forecast, 2019-2026
11. Europe Medical IV Bags Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical IV Bags Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical IV Bags Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical IV Bags Market Size and Volume Forecast by Type
11.7.1. Flex Plastic IV Bags
11.7.2. Semi-rigid IV Bags
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potntial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical IV Bags Demand Share, 2019-2026
12. Asia Pacific Medical IV Bags Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical IV Bags Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical IV Bags Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical IV Bags Market Size and Volume Forecast by Type
12.7.1. Flex Plastic IV Bags
12.7.2. Semi-rigid IV Bags
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical IV Bags Demand Share, 2019-2026
13. Middle East & Africa Medical IV Bags Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical IV Bags Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical IV Bags Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical IV Bags Market Size and Volume Forecast by Type
13.7.1. Flex Plastic IV Bags
13.7.2. Semi-rigid IV Bags
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical IV Bags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical IV Bags Market: Market Share Analysis
14.2. Medical IV Bags Distributors and Customers
14.3. Medical IV Bags Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baxter
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SSY Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B.Braun
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fresenius Kabi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hospira
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Otsuka
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cisen Pharmaceutical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Renolit
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Technoflex
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Huaren Pharmaceutical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CR Double-Crane
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ICU Medical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pharmaceutical Solutions Industry Ltd
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Vioser
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sippex
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Well Pharma
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
