Increase In The Incidence Of Cancer To Drive Growth Of The Empty IV Bags Market
Empty IV Bags Market: Market Overview
IV bags or Intravenous therapy bags are employed in the prevention of dehydration and maintenance of blood pressure and are also used to give medicines or nutrients to patients that are not able to eat on their own.
According to the latest research by Fact.MR, the empty IV bags market is set to witness significant growth during the forecast period of 2021-2031. Demand for empty IV bags will suggestively surge due to the rising awareness towards the positive environmental impact of the non-PVC IV bags. The growing prevalence of malnutrition on a global scale is also a factor responsible for the growth in the demand for empty IV bags in consensus with rising government initiatives supporting healthcare and awareness.
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Empty IV Bags Market Demand Drivers
Non-PVC IV Bags are gaining increasing demand due to their environment-friendliness. The usage of phthalate IV bags is decreasing worldwide as a trend and various countries and government agencies are taking several steps to reduce their usage. This directly translates to increased usage in non-PVC IV bags and thus, an increase in the market growth of empty IV bags.
The prevalence of malnutrition around the globe is witnessing an increase due to which the use of empty IV bags for the administration of vital nutrients is expressing a significant rise.
The global increase in the incidence of cancer is one of the major driving factors for the growth of the empty IV bags market and will suggest a high growth rate during the forecast period.
Incidence of Cancer as a High Impact Driver on Empty IV Bags Market
The rising incidence of stomach ulcers is generally a result of cancer. The global prevalence of cancer has witnessed an increase in the last ten years. Apart from stomach ulcers, this increased prevalence also results in the disruption of normal GI tract functioning, which is subsequently followed by the development of physical obstructions. The mentioned ailments thus require administration of parenteral nutrition, which is aided by the use of empty IV bags. This is proportional to an increase in the sales and growth of the empty IV bags market.
In addition, the oncology processes display growth in demand in terms of treatment, predominantly for chemotherapy and targeted drug delivery. Traditional use of IV bags poses the issue of the therapeutic agents interacting with the plasticizers and converting them into harmful agents. The demand for empty IV bags with the product type as Ethylene-Vinyl Acetate and Polypropylene minimizes the threat related to harmful interaction and thus justifies the surge in demand for the empty IV bags in the market.
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US and Canada Empty IV Bags Market Outlook
US holds the largest market share in the empty IV bags market in the region of North America. The factor of following strict guidelines and regulations regarding improved patient safety has substantially aided in the growth of demand for non-PVC IV bags instead of the increase in the prevalence of stomach cancer.
Patients with ailments such as stomach cancer are rendered unable to ingest food orally and hence the use of parenteral solutions and their administration is made to complete the dietary needs of such patients and sustain their survival. This in turn might surge the demand for EVA infusion bags, which will translate to a rise in the pace and result in higher growth of the empty IV bags market in the region of North America.
Apart from these factors, the presence of systems related to novel drug delivery and its adoption as well as new technological innovations are other driving factors anticipated to aid the growth of the empty IV bags market in this region.
Europe Demand Outlook for Empty IV Bags Market
The empty IV bags market in the region of Europe is primarily driven by the use of disposable IV fluid bags. With the presence of non-PVC IV bags and their use over traditional products, the growth of the empty IV bags market in this region is estimated to increase significantly over the forecast period.
Who are the Key Manufacturers and Suppliers of Empty IV Bags?
Some of the leading manufacturers and suppliers of Empty IV Bags include
- B. Braun Melsungen AG
- Sippex IV bag
- WiPAK Group
- POLYCINE GmbH
- ICU Medical
- RENOLIT SE
- West Pharmaceutical Services Inc.
- Changzhou Holinx Industries Co. Ltd.
- Jinan Youlyy Industrial Co. Ltd.
- Baxter International Inc.
B. Braun Melsungen AG is a major player in the empty IV bags market and adopts the strategy of new product launch and acquisitions to retain its market presence and expand its product portfolio.
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By Product Type
- Single Chamber
By Material Type
- Ethylene Vinyl Acetate (EVA)
- Copolyester Ether
- Frozen Mixture
- Liquid Mixture
By Application Area
- Ambulatory Surgical Centers
- North America
- Latin America
- The U.K.
- South Asia
- Rest of Asia Pacific
- East Asia
- South Korea
- The Middle East and Africa
- GCC Countries
- South Africa
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