Empty IV Bags Market Size is Estimated to Value $5.6 Billion by 2026: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.

The Empty IV Bags Market size is expected to reach USD 5.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. Rising incidence of cancer, favorable government initiatives related to non-PVC IV bags, and growing risk of malnutrition across the globe are the key driving factors for the market.

Government agencies of various countries are taking several steps to reduce usage of phthalate IV bags wherever possible without compromising on patient safety. For instance, Denmark introduced a national ban on Di-(2-ethylhexyl) phthalate (DEHP), Dibutyl Phthalate (DBP), Dibp Plasticizer (DIBP), and Butyl Benzyl Phthalate (BBP) under its national phthalate strategy, which was initially set for December 2013 and was later postponed to 2015. The Danish Health and Medicines Authority (DHMA) announced certain set of guidelines pertaining to usage of particular types of phthalates in medical devices. The aim of these initiatives was to ensure continued reduction in the use of classified phthalates in medical devices. Similarly, in May 2006, the Federal Institute for Drugs and Medical Devices, Germany, issued a recommendation for hospitals to minimize or avoid use of DEHP-containing medical devices for specific population groups, such as premature babies, infants, children, adolescents, pregnant women, and nursing mothers. The recommendation necessitates manufacturers to produce alternative products that are PVC-free and nontoxic.

Malnutrition is one of the major drivers of the market. According to the UNICEF, poor nutrition in the first 1,000 days of an infant’s life may lead to stunted growth and impaired cognitive ability. An infant’s diet must contain a proper balance of starch, minerals, vitamins, amino acids, and lipids. These essential nutrients can be administered, if need be, through parenteral route, which is expected aid growth.

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Further key findings from the report suggest:

• In terms of revenue, non-PVC empty IV bags segment held the largest share in 2018 owing to the environment-friendliness of non-PVC
• The demand for multi-chambered bags is expected to increase due to presence of separate storage for different components
• Under the type segment, single chambered empty IV bags held the largest share in 2018
• Asia Pacific is expected to witness the fastest growth over the forecast period, owing to growing malnutrition in the region
• Some prominent players in empty IV bags market are Technoflex, Wipak Group, Baxter, and ICU Medical, Inc.

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Grand View Research has segmented the empty IV bags market on the basis of product, type, and region:

Empty IV Bags Product Outlook (Revenue, USD Million, 2015 – 2026)

• PVC Empty IV Bags
• Non PVC Empty IV Bags
  • Polypropylene
  • Copolyester ether
  • Ethylene-vinyl acetate
  • Others

Empty IV Bags Type Outlook (Revenue, USD Million, 2015 – 2026)

• Single Chamber
• Multi Chamber

Empty IV Bags Regional Outlook (Revenue, USD Million, 2015 – 2026)

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Netherlands
  • Spain
  • Sweden
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa

Browse Related Reports @

Non-PVC IV Bags Market – https://www.grandviewresearch.com/industry-analysis/non-pvc-iv-bags-market

Medical Disposables Market – https://www.grandviewresearch.com/industry-analysis/medical-disposables-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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