Sterile IV Containers Market: An Overview
Growing pharmaceutical industry is likely to drive the growth for sterile IV containers market. Sterile IV containers are used to facilitate medical facilities and management. Increasing chronic diseases such as cardiovascular diseases, stroke, cancer and respiratory diseases are likely to augment the demand for sterile IV containers market. The demand for sterile IV containers is due to the risk of cross-contamination and infections. Sterile IV containers are significant in drug administration to maintain the safety and quality of the drug. Furthermore, studies published by the New England Journal of Medicine suggest that using IV containers instead of saline reduces the risk of death or kidney damage which is expected to fuel the market growth for sterile IV containers.
Sterile IV Containers Market: Dynamics
Sterile IV containers are widely used commonly in the healthcare industry. Since they prevent dehydration, maintain blood pressure and give nutrition to patients when they cannot eat. The design of sterile IV containers prevents it from collapsing reducing the risk of air embolism. Sterile IV containers guarantee the integrity of the containers. Increasing expenditure on healthcare and rising disposable income is anticipated to fuel the market demand for sterile IV containers. Safe and hygienic medication has increased demand for packaging solutions, which are efficient and reliable. Features such as availability of IV containers in various sizes, shapes and configurations are likely to augment the market demand for sterile IV containers. Technological developments and advancements in the manufacturing of sterile IV containers and sustainable raw materials are likely to boost the market demand for sterile IV containers. Various healthcare facilities are preferring sterile IV containers due to demand for minimizing the exposure risk of the containers which can hamper the quality of IV containers resulting in a threat to human life. Furthermore, regulatory compliances regarding healthcare products are expected to grow market demand for sterile IV containers in the years to come.
Sterile IV Containers Market: Regional Outlook
North America region is expected to dominate the global sterile IV containers market owing to the high demand for healthcare facilities. Preference for hygienic and quality products is likely to drive the market demand for sterile IV containers in the region. Technological developments and R & D in the region to integrate technology with medical science is anticipated to augment the market demand for sterile IV containers. Furthermore, the Asia Pacific owing to the growing demand for healthcare services along with an increase in expenditure on healthcare is likely to fuel the demand for sterile IV containers in the region.
Sterile IV Containers Market: Impact of COVID 19
Amidst the COVID 19 outbreak, the healthcare industry is likely to witness major changes. The immediate effect would be the medical facilities concerns regarding the virus’s ability to survive on surfaces which can result in cross-contamination leading to the risk of infections. Therefore, sterilization is of high importance to safeguard the interest of the patients and the end-users. Furthermore, due to the halt in the production facilities and shortage of raw materials can lead to demand and supply imbalance. The fewer number of patients for other diseases have resulted in reduced demand for sterile IV containers market. Thus, the market demand is anticipated to be low for the year 2020. However, in the years to come the growth for sterile IV container is likely to grow due to an increase in the number of ageing population and increase in chronic illnesses.
Sterile IV Containers Market: Key Players
Key players in the Sterile IV Containers Market are as follows,
- Mountainside Medical Equipment
- Kraton Performance Polymers Inc.
- Angiplast Pvt. Ltd
- Baxter, Sippex IV bag
- Fresenius Kabi Group.
- B. Braun Medical Inc.
- Guangdong lejin medicine Co.Ltd
- Medline Industries, Inc.
- CU Medical, Inc.
- Hospira Inc.
- Vioser SA
Sterile IV Containers Market: Segmentation
Sterile IV Containers Market can be segmented on the basis of raw material, capacity, container type, configuration, application and end-user.
By Raw Material, Sterile IV Containers Market can be segmented as
- With PVC and DEHP IV containers
- Non-PVC, non-DEHP IV containers
By Capacity, Sterile IV Containers Market can be segmented as
- Less than 1000 ml
- 1000 ml to 2000 ml
- 2000 ml to 3000 ml
- More than 3000 ml
By Container Type, Sterile IV Containers Market can be segmented as
- Pour Bottles
- Flexible bags
- Uromatic IV containers
- Arthromatic IV containers
By Application, Sterile IV Containers Market can be segmented as
- Fluid Drainage
- Blood Collection
- Parenteral feeding
By Configuration, Sterile IV Containers Market can be segmented as
- Single-lead Sterile IV containers
- Dual-Lead Sterile IV containers
- Four-Lead Sterile IV containers
By End-User, Sterile IV Containers Market can be segmented as
- Ambulatory Care Centres
- Detailed overview of parent market
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- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
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- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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