Global IV Bags Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global IV Bags market:
The latest research study on the global IV Bags market finds that the global IV Bags market reached a value of USD 3611.98 million in 2022. It’s expected that the market will achieve USD 5794.12 million by 2028, exhibiting a CAGR of 8.19% during the forecast period.

IV bags are primarily used for delivering the medications intravenously. A solution is administered into a vein through an infusion set that includes a plastic or glass vacuum bottle or bag containing the solution and tubing connecting the bottle to a catheter or a needle in the patient's vein. Factors such as the availability of specialized medical equipment help the hospitals and health care centers to maintain the market value. IV bags are used to deliver liquid substances directly into veins. As the IV bags meet various medical requirements, such as preserving capacity, sterilization, transportation, and handling needs, the global IV bags market is anticipated to gain more popularity in the upcoming years.

The new coronavirus has had a major impact on all industries. The pandemic has caused mass production shutdowns and supply chain disruptions, affecting the economy of almost every country in the world. In the first quarter of 2020, the coronavirus spread globally, so many countries were blocked. Initially, the blockade disrupted the product supply chain and the supply chain of raw materials. As the coronavirus spreads more and more worldwide, many manufacturing plants have also closed.

Among all the industries affected, the IV Bags industry is also one of them. At the beginning of the spread of COVID-19, it was difficult for companies to supply their products to the market for sale, and the production of products also faced the problem of lack of labor and interruption of the raw material supply chain. In addition, consumers pay more attention to some essential products, such as food and water. And not the other. Over time, companies slowly started to reopen to meet some of the market's demand for products.

COVID-19 is a major medical and health problem. With the increase of patients, the demand for medical equipment has increased. This aspect has promoted the demand for IV Bags. Under this driving factor, the market's demand for IV Bags has begun to increase substantially. After the spread of the virus, consumers have become more cautious about hygiene. Manufacturers are therefore focusing on using packaging materials that will offer protection against contaminants during transit. The factor is expected to favor the growth of the market for IV bags.

Political Factors
Political factors determine the extent of government influence on the economy or a particular industry. Factors such as changes in standards and regulations will affect the market demand for IV Bags. Political factors include tax policies, fiscal policies, trade tariffs, etc. The government may implement these policies around the fiscal year and then influence the business environment (economic climate) to some extent. For example, the government may impose new taxes or tariffs and the revenue generating structure of the entire organization may change as a result.

Social Factors
Social factors have a direct impact on how marketers understand customers and the factors that drive them. The increase in demand has brought opportunities to the development of the industry and has had a positive impact on the development of the industry. With economic growth, technological progress and the development of modern society, it has an impact on the demand for IV bags.
With the improvement of people's living standards, the enhancement of medication safety awareness and the advancement of hospital drug delivery technology, major domestic hospitals and patients have gradually increased the safety requirements for medication. In the past, glass infusion bottles and plastic infusion bottles were used for infusion in many places. Glass bottles are the first-generation packaging materials, which are easily damaged, heavy, and easily contaminated. Plastic bottles are the second-generation packaging materials. Compared with glass bottles, the difficulty of material damage and weight have been significantly improved, but the problem of secondary pollution still exists. The mouth of IV bags has better sealability, is not suitable for contamination, and is safer to use. In the future, it will be the main development trend of the infusion industry.

Region Overview:
From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects

Company Overview:
Baxter international Inc. is one of the major players operating in the IV Bags market, holding a share of 29.6% in 2023.

Baxter international Inc.
Medical products manufacturer Baxter International is a leading producer of intravenous (IV) fluids and systems. The company makes a range of sterile IV solutions, generic injectable pharmaceuticals, and parenteral nutritional products, along with IV administration sets, infusion systems and devices.

Fresenius SE & Co. KGaA
Fresenius Kabi Contract Manufacturing is Fresenius Kabi’s business-to-business platform dedicated to tailor-made contract development and manufacturing services for sterile drugs and medical equipment.

Segmentation Overview:
As for product types, the 0 – 250 ml segment held the largest market share in 2022.

Application Overview:
By application, the Hospital segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global IV Bags market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global IV Bags market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the IV Bags and its sub-markets in an intuitive way.

Key Companies in the global IV Bags market covered in Chapter 3:
Otsuka Pharmaceutical
ICU Medical
Qosina Corporation
B.Braun Melsungen AG
Medicopack A/S
Fresenius SE & Co. KGaA
The Metrix Company
Sippex
Haemotronic SpA
Baxter International Inc.
Technoflex SA
Alfa Laboratories
SSY

In Chapter 4 and Chapter 14.2, on the basis of types, the IV Bags market from 2018 to 2029 is primarily split into:
0-250 ml
250-500 ml
500-1000 ml
Above 1000 ml

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the IV Bags market from 2018 to 2029 covers:
Hospital
Clinic
Blood center
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the IV Bags market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029