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Published Date: 2017-10-25Number of Pages: 178

IV Bags Market (Material Type- PE, PP, and PVC; Capacity Type - 0-250 ml, 250-500 ml, 500-1000 ml, and above 1000 ml; Chamber Type - Single Chamber and Multi Chamber) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2027

Global IV Bags Market: Snapshot

In a fragmented albeit competitive global IV bags market, keen players are expending money on product innovation to gain competitive advantage. These players are also considering strategic partnerships and alliances that will consolidate the vendor landscape to some extent.

The increasing adoption of injection-based therapeutic practices and rising prevalence of chronic diseases is primarily driving the global IV bags market. IV bags are considered to be ideal for the administration of drugs and vital nutrients to patients who are unable to ingest anything orally.

Apart from this, the rising aging population globally that is susceptible to health conditions is also a key factor stoking growth of IV bags market.

On the downside, the risk of leaching of chemicals from plastic IV bags is inhibiting the growth of IV bags market to some extent.

As per estimates of a report by Transparency Market Research (TMR), the global IV bags market is likely to secure a valuation of US$1,363.8 mn in 2017. Expanding at a rate of 5.4% between 2017 and 2027, the market is likely to peg a valuation of US$2,316.5 mn by 2027 end.

Global IV Bags Market Revenue

Favorable Physical Properties Make PP Material Type Segment Dominant

The global IV bags market is studied on the basis of material type, capacity type, chamber type, and region in this report. On the basis of material type, the global IV bags market has been segmented into PE, PP, PVC, and others (EVA and copolyester ether). Amongst all, PP segment is anticipated to dominate over the forecast period due to its chemically inert and non-reactive nature with the packaged solution. On the other hand, the PVC segment is anticipated to lose its market share due to the risk of release of toxins in the packaged solution.

In terms of capacity, the segments into which the global IV bags market is divided are 0-250 ml, 250-500 ml, 500-1000 ml, and above 1000 ml. Vis-à-vis volume, the segment of 0-250 ml is anticipated to continue its dominance over the forecast period.

Depending upon chamber type, the global IV bags market is segmented into single chamber and multi chamber IV bags. Of the two, single chamber IV bags are expected to hold the leading share in the IV bags market. However, multi chamber IV bags segment is anticipated to surpass in terms of growth rate. The growth of multi chamber IV bags segment is attributed to the ease of delivering two or more fluids at the same time.

Asia Pacific to Register Leading CAGR through 2027

The worldwide IV bags market has been divided geographically into: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America leads the overall market in terms of revenue, and is anticipated to represent a year-on-year growth of US$300.6 mn over the forecast period. Powered by the U.S., the North America IV bags market is anticipated to rise at a CAGR of 5.0% between 2017 and 2027.

However, it is Asia Pacific that is anticipated to register the leading CAGR of 6.1% over the 2017-2027 forecast period.

Europe is also a significant market for IV bags; the region is likely to display 5.3% CAGR between 2017 and 2027 to contribute a revenue of US$510.7 mn by 2027 end.

Key participants in the global IV bags market profiled in this report include B.Braun Melsungen AG, Baxter international Inc., Hospira Inc., West Pharmaceutical Services Inc., Wipak Group, Technoflex S.A., Fresenius SE & Co. KGaA, Sippex, Polycine GmbH, Kraton Corporation, The Metrix Company, Medicopack A/S, Macopharma SA, Haemotronic S.p.A, Renolit Solmed, Otsuka Pharmaceutical India Private Limited, Alfa Laboratories, and Qosina Corporation.

Global IV Bags Market: Overview

This Transparency Market Research report examines the Global IV bags market for the forecast period 2017–2027. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the Global IV bags market. 

The report begins with an overview of the Global IV bags market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.

To compute the market size, in-depth secondary research is done.  Data points such as regional splits and market split by capacity, material type, and chamber type has been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the sales of IV bags market.

TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of IV bags market.

Global IV Bags Market: Research Methodology

Market numbers have been estimated based on extensive secondary and primary research, average pricing of IV bags by capacity and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The IV bags market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional IV bags manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of IV bags in the different regions. Bottom-up approach has been used to estimate the IV bags market by regions. Global market numbers by capacity, by material type, and by chamber type have been derived using the bottom-up approach, which is cumulative of each country’s demand. The same has also been validated from top-down approach. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, FAO, Packaging Digest, and Hoover’s, and company annual reports and publications.

TMR not only conduct forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

Global IV Bags Market: Market Segmentation

In order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of capacity, material type, chamber type, and region. The report analyses the Global IV bags market in terms of value (US$ Mn) and volume (Tonnes/Units)

Another vital feature of this report is the analysis of the IV bags market by region, material type, capacity type, and chamber type; and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the Global IV bags market. 

To understand key segments in terms of their growth and performance in the IV bags market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the Global IV bags market.

In the final section of the report, IV bags market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of IV bags market. The report contains company profiles of some of the key players in the Global IV bags market.

Global IV Bags Market: Competitive Landscape

Some of the key players in global IV bags market include B. Braun Melsungen AG, Baxter International Inc., Hospira, Inc., West Pharmaceutical Services, Inc., Wipak Group, Technoflex S.A., Fresenius SE & Co KGaA, Sippex, Polycine GmbH, Kraton Corporation, The Metrix Company, Medicopack A/S, Macopharma SA, Haemotronic S.p.A, Renolit Solmed, Otsuka Pharmaceutical India Private Limited, Alfa Laboratories, and Qosina Corporation.

The global IV bags market is segmented as follows:

By Material Type

  • PE
  • PP
  • PVC
  • Others (Copolyester ether, EVA etc.)

By Capacity Type

  • 0-250 ml
  • 250-500 ml
  • 500-1000 ml
  • Above 1000 ml

By Chamber Type

  • Single Chamber
  • Multi Chamber

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa


 
 
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