The global IV bag market value is estimated to be US$ 1.9 billion in 2024 according to the updated industry analysis report. One of the key forces propelling the demand for IV bags forward is the growing need for preventative measures to address problems like incorrect dose delivery and the increased need for cutting-edge IV containers.
The overall market is predicted to grow at a moderate CAGR of 6.1% over the next ten years. By 2034, analysts anticipate the global IV bag industry is expected to be worth US$ 3.4 billion. IV bag companies are also expected to adopt new strategies that emphasize relevant consumer marketing and selling across expanding channels.
Report Attribute | Details |
---|---|
IV Bag Market Size (2024) | US$ 1.9 billion |
Market Anticipated Forecast Value (2034) | US$ 3.4 billion |
Market Projected Growth Rate (2024 to 2034) | 6.1% CAGR |
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The global empty intravenous (IV) bag market was valued at US$ 1.5 billion in 2019. According to the industry survey report the sales of IV bags on average surged at 5% per year between 2019 and 2023. The overall market value was about US$ 1.8 billion by 2023.
The IV bag industry has recovered from a turbulent time during this period made worse by the COVID-19 issue. However, the pandemic period in 2020 probably helped them to build their portfolios and place their brands and categories on the winning side of disruptive developments.
Attributes | Details |
---|---|
Empty IV Bag Market Value (2019) | US$ 1.5 billion |
Market Revenue (2023) | US$ 1.8 billion |
Market Historical Growth Rate (CAGR 2019 to 2023) | 5% CAGR |
Leaders in the IV bag industry are beginning to structure their supply chains around cost-saving measures that don't compromise product quality or client accessibility.
Due to their capacity to satisfy skill and quality requirements, nations like Malaysia and Costa Rica have developed into lucrative manufacturing hubs. In response, the governments of these nations have responded positively to such initiatives by providing a range of incentives in an effort to draw in multinational firms.
Many authorities are concerned that leaving the IV bag needle in place for an extended length of time increases the danger of infection and vein collapse. An imbalance in nutrients in the patient's body may also result from inadequate monitoring of the intravenous treatment and is expected to hamper the growth of the market.
The table below lists the countries that are expected to present higher growth opportunities for IV bag market players.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 4.1% |
Germany | 4% |
United Kingdom | 5.4% |
India | 7.6% |
China | 7.1% |
The United States is expected to lead the global market over the forecast period by thriving at a CAGR of 4.1%.
The regional demand for IV bags in the United Kingdom is expected to increase at a rate of 5.4% per year till 2034.
Production and sales of infusion bags in China are expected to rise at a robust CAGR of 7.1% from 2024 to 2034.
The growth of IV bag sales in Germany is expected to remain moderate over the forecast period by following a 4% CAGR.
The IV bag sales in India are projected to increase at the most lucrative annual rate of 7.6% between 2024 and 2034.
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Based on chamber type, the single chamber segment is estimated to contribute to 87.9% share of the global sales.
Attributes | Details |
---|---|
Top Chamber Type or Segment | Single Chamber |
Market share in 2024 | 87.9% |
Based on application, intravenous therapies have emerged as the key market segment with principal application in hospital care. The supply of IV bags used for intravenous therapy is estimated to account for 82.8% of the total sales in 2024.
Attributes | Details |
---|---|
Top Application Type or Segment | Intravenous Therapies |
Market share in 2024 | 82.8% |
IV bag manufacturing plants are usually found in lucrative markets, such as those in North America and Europe. However, in light of new developments, many industry leaders are currently reevaluating their approaches to serve the growing demand in emerging economies of Asia, Latin America, and Africa.
Recent Developments in the Global IV Bag Market
In Feb 2023, Bowmed Ibisqus Company introduced Levofloxacin fluid bags in a ready-to-use format. To shield the fluid from light, the bag is wrapped with foil, which also serves as a showcase for the important product details.
Winpak Ltd. and Wipak Walothen GmbH came together in April 2021 to launch their new brand Wiicare. The firms declared to provide healthcare packaging solutions, including medical fluid containers under this global brand.
Attribute | Details |
---|---|
Estimated Market Size (2024) | US$ 1.9 billion |
Projected Market Size (2034) | US$ 3.4 billion |
Anticipated Growth Rate (2024 to 2034) | 6.1% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | US$ million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Material Type, By Application, By IV Bag Size, By Chamber Type, By End Use, and By Region |
Key Companies Profiled |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global IV bag market is estimated to be around US$ 1.9 billion in 2024.
The global IV bag market is to grow at 6.1% during the forecast period.
The global IV bag market is predicted to be valued at US$ 3.4 billion by 2034.
The global IV bag market was valued at US$ 1.5 billion in 2019.
India is predicted to witness a CAGR of 7.6% in sales of IV bags through 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Used 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Used, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Used, 2024 to 2034 5.3.1. PVC 5.3.2. Ethylene Vinyl Acetate 5.3.3. Polypropylene 5.3.4. Copolyester Ether 5.4. Y-o-Y Growth Trend Analysis By Material Used, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Material Used, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034 6.3.1. Electrolyte Imbalances Corrections 6.3.2. Medicine Delivery 6.3.3. Blood Transfusions 6.3.4. Blood Storage 6.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Size 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Size, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Size, 2024 to 2034 7.3.1. 0 - 250 ml 7.3.2. 250 - 500 ml 7.3.3. 500 - 1000 ml 7.4. Y-o-Y Growth Trend Analysis By Size, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Size, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Material Used 9.2.3. By End Use 9.2.4. By Size 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material Used 9.3.3. By End Use 9.3.4. By Size 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Material Used 10.2.3. By End Use 10.2.4. By Size 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material Used 10.3.3. By End Use 10.3.4. By Size 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Material Used 11.2.3. By End Use 11.2.4. By Size 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material Used 11.3.3. By End Use 11.3.4. By Size 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Material Used 12.2.3. By End Use 12.2.4. By Size 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material Used 12.3.3. By End Use 12.3.4. By Size 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Material Used 13.2.3. By End Use 13.2.4. By Size 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material Used 13.3.3. By End Use 13.3.4. By Size 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Material Used 14.2.3. By End Use 14.2.4. By Size 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material Used 14.3.3. By End Use 14.3.4. By Size 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Material Used 15.2.3. By End Use 15.2.4. By Size 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Material Used 15.3.3. By End Use 15.3.4. By Size 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Material Used 16.1.2.2. By End Use 16.1.2.3. By Size 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Material Used 16.2.2.2. By End Use 16.2.2.3. By Size 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Material Used 16.3.2.2. By End Use 16.3.2.3. By Size 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Material Used 16.4.2.2. By End Use 16.4.2.3. By Size 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Material Used 16.5.2.2. By End Use 16.5.2.3. By Size 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Material Used 16.6.2.2. By End Use 16.6.2.3. By Size 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Material Used 16.7.2.2. By End Use 16.7.2.3. By Size 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Material Used 16.8.2.2. By End Use 16.8.2.3. By Size 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Material Used 16.9.2.2. By End Use 16.9.2.3. By Size 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Material Used 16.10.2.2. By End Use 16.10.2.3. By Size 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Material Used 16.11.2.2. By End Use 16.11.2.3. By Size 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Material Used 16.12.2.2. By End Use 16.12.2.3. By Size 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Material Used 16.13.2.2. By End Use 16.13.2.3. By Size 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Material Used 16.14.2.2. By End Use 16.14.2.3. By Size 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Material Used 16.15.2.2. By End Use 16.15.2.3. By Size 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Material Used 16.16.2.2. By End Use 16.16.2.3. By Size 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Material Used 16.17.2.2. By End Use 16.17.2.3. By Size 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Material Used 16.18.2.2. By End Use 16.18.2.3. By Size 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Material Used 16.19.2.2. By End Use 16.19.2.3. By Size 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Material Used 16.20.2.2. By End Use 16.20.2.3. By Size 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Material Used 16.21.2.2. By End Use 16.21.2.3. By Size 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Material Used 16.22.2.2. By End Use 16.22.2.3. By Size 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Material Used 16.23.2.2. By End Use 16.23.2.3. By Size 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Material Used 17.3.3. By End Use 17.3.4. By Size 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Mountainside Medical Equipment 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Kraton Performance Polymers Inc 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Renolit 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Angiplast Pvt. Ltd 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Medline Industries, Inc 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Baxter 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Sippex IV bag 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Wipak Group Management 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. B. Braun Medical Inc. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. ICU Medical, Inc 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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