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Global Empty IV Bags Market Size, Share, Report, Forecast: By Type: PVC, Non-PVC; By Products: Single, Multi-Chamber; Regional Analysis; Patent Analysis; Grants Analysis; Funding and Investment Analysis; Partnership and Collaborations Analysis; Supplier Landscape; Company Competitiveness Analysis; 2024-2032
Empty IV Bags Market Outlook
The global empty IV bags market size was valued at USD 4.4 billion in 2023, driven by the increase in number of surgical procedures across the globe. The market is expected to grow at a CAGR of 7.2% during the forecast period of 2024-2032, with the values likely to rise from USD 4.7 billion in 2024 to USD 8.3 billion by 2032.
Empty IV Bags: Introduction
Empty IV bags are used to administer medications, fluids, blood, and solutions intravenously through a port. It is a vital component of intravenous therapies that are also used to rehydrate or provide nutrients to patients who cannot consume food through the mouth. Empty IV bags are available in different sizes to accommodate various volumes of fluid, depending upon the requirement of the patient. They are commonly composed of plastic.
Global Empty IV Bags Market Analysis
The empty IV bags market value has witnessed significant transformation in the past few years, owing to the COVID-19 pandemic. In response to the shortage of bags, BAUSCH Consumables started their production of customised IV bags tailored for pharmaceutical applications. These bags are crafted from multi-layered non-PVC films with various properties, including gas and vapour barriers, UV protection, lipid safety, and a PE contact layer. The introduction of polypropylene bags offer enhanced safety, compatibility, lightweight design, and eco-friendliness.
With an upswing in minimally invasive surgeries, the demand for such safety-enhancing products has been on the rise. Therefore, BD has launched their SmartSite Bag, which is equipped with a needle-free valve. This is aimed at reducing the risk of needlestick injuries, which are a prominent source of occupational infections among healthcare workers. Such inventions are expected to drive the empty IV bags market growth in the upcoming years.
Furthermore, the convergence of digital technologies into healthcare has given birth to the Internet of Things (IoT) IV bag monitoring and alert system as well. Such technologies are becoming increasingly prevalent, providing real-time monitoring of IV bags, improving patient care, and streamlining healthcare operations.
Global Empty IV Bags Market Segmentation
Market Breakup by Type
- PVC
- Non-PVC
Market Breakup by Products
- Single
- Multi-Chamber
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Empty IV Bags Market Overview
Intravenous therapies find wide applications in various medical procedures including dialysis, chemotherapy and oncology, paediatrics, ambulatory care, and other surgical procedures. Therefore, the empty IV bags market demand has observed rapid growth in recent years.
In North America, the United States holds a substantial portion of the market size owing to an enormous healthcare system that is both technically equipped and digitally enabled to cater to the high demand. In addition, several healthcare companies are present in the market which are working seamlessly to bring the latest innovations that improve patient experiences.
Europe is expected to lead the empty IV bags market share in the forecast period owing to a robust healthcare network to provide necessary treatment to patients across different parts of the region. However, the Asia Pacific region is expected to grow at the fastest rate. The growth can be accredited to continuous infrastructure developments and increasing foreign investments, fostering research and developments to leverage the academic talent present in the region. Moreover, the rising population in countries like China and India is set to maximise the market value in the future.
Global Empty IV Bags Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Sippex IV Bag
- Technoflex
- Wipak Group
- B. Braun
- ICU Medical, Inc.
- Polycine GmbH
- Renolit SE
- Pfizer Inc.
- CODAN Medizinische
- West Pharmaceutical Services Inc.
- Jinan Youlyy Industrial Co.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Products |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Empty IV Bags Market Overview
3.1 Global Empty IV Bags Market Historical Value (2017-2023)
3.2 Global Empty IV Bags Market Forecast Value (2024-2032)
4 Global Empty IV Bags Market Landscape
4.1 Global Empty IV Bags: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Empty IV Bags: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
5 Global Empty IV Bags Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Empty IV Bags Market Segmentation
6.1 Global Empty IV Bags Market by Type
6.1.1 Market Overview
6.1.2 PVC
6.1.3 Non-PVC
6.2 Global Empty IV Bags Market by Products
6.2.1 Market Overview
6.2.2 Single
6.2.3 Multi-Chamber
6.3 Global Empty IV Bags Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Empty IV Bags Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Empty IV Bags Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Empty IV Bags Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Empty IV Bags Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Empty IV Bags Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Funding and Investment Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Supplier Landscape
17.1 Sippex IV Bag
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Technoflex
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Wipak Group
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 B. Braun
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 ICU Medical, Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Polycine GmbH
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Renolit SE
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Pfizer Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 CODAN Medizinische
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 West Pharmaceutical Services Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Jinan Youlyy Industrial Co.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 4.4 billion in 2023, driven by the rising incidence in surgeries across the globe.
The market is anticipated to grow at a CAGR of 7.2% during the forecast period of 2024-2032, likely to reach a market value of USD 8.3 billion by 2032.
The high market demand can be accredited to an increase in the incidence of surgeries and other medical procedures, like dialysis and chemotherapies, that require an external medium to administer medications, fluid, and nutrients to a patient.
The current market trend entails the application of needle less valves. With the prevalence for minimally invasive procedures, BD has introduced their SmartSite line of empty IV bags that contain a needle free valve, which is aimed at reducing the risk of injuries and infections.
PVC and non-PVC are two types of empty iv bags mostly available in the market.
Based on products, market is divided into single and multi-chambers.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Sippex IV Bag, Wipak Group, B. Braun, ICU Medical, Inc., Polycine GmbH, Renolit SE, Shenzhen, CODAN Medizinische, Pfizer Inc., CODAN Medizinische, West Pharmaceutical Services Inc., Jinan Youlyy Industrial Co., and Technoflex.
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