Global Non-PVC IV Bags Market | Growth, Analysis, Size - PowerPoint PPT Presentation

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Global Non-PVC IV Bags Market | Growth, Analysis, Size


Global non-PVC IV bags market is projected to grow at a CAGR of 7.32%, and is expected to reach $2681.1 million by 2028. Get Free Sample Report. – PowerPoint PPT presentation

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Title: Global Non-PVC IV Bags Market | Growth, Analysis, Size

The Global Non-PVC IV Bags Market to Advance at
CAGR of 7.32 by 2028
Triton Market Research presents the Global
Non-PVC IV Bags Market segmented by Material
(Polypropylene, Copolyester ether, Ethylene-vinyl
acetate, Other Materials), Type (Liquid Mixture,
Frozen Mixture), Product (Multi-Chamber, Single
Chamber), and Geography (Middle East and Africa,
Asia-Pacific, Europe, Latin America, North
America). The report further discusses the Market
Summary, Industry Outlook, Impact of COVID-19,
Key Insights, Porters Five Forces Model, Market
Attractiveness Matrix, Vendor Scorecard, Key
Strategic Developments, Drivers, Challenges,
Opportunities, Company Profile, Research
Methodology, Global Market Size, Forecasts
Analysis (2022-2028). According to Tritons
research report, the global market for non-PVC IV
bags market is expected to witness growth at a
CAGR of 7.32 over the forecasted period. Non-PVC
IV containers are lighter and less breakable
compared to glass. The rising demand for
preventive measures against errors and increasing
demand for innovative IV products are driving the
demand for non-PVC IV bags.
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In recent years, the instances wherein PVC IV
bags have proven to be hazardous have increased.
Moreover, the disposal of PVC products through
the incineration process leads to toxic HCL,
contributing to acid rains. This has encouraged
companies like Baxter to manufacture IV bags
produced from non- PVC materials. Hence, the
adoption of PVC-free IV bags will ensure health
safety, ultimately contributing to the growth of
the non-PVC IV bags market. However, stringent
guidelines imposed by regulatory bodies and the
high cost of non-PVC IV bags hamper the overall
development of the studied market. The
Asia-Pacific is expected to attain the fastest
growth rate in the non-PVC IV bags market
globally. The rise in patient awareness,
increasing healthcare expenditure, and the
surging need for technologically advanced
healthcare services are driving the markets
growth in the region. Additionally, the
technological solutions offering cost-saving
benefits are gaining traction across China,
India, Japan, South Korea, and others. Hence,
these factors increase the demand for PVC-free IV
bags, which ultimately widens the scope and
development of the non-PVC IV bags market. The
major firms in the non-PVC IV bags market are
Angiplast Pvt Ltd, Medipharmaplan, Renolit,
Shanghai Xin Gen Eco Technologies, Pfizer Inc,
Kraton Corporation, Huaren Pharmaceutical,
Polycine GmbH, B Braun Melsungen AG, ICU Medical,
Baxter International Inc, Fresenius Kabi, Sealed
Air, Otsuka, and JW Life Science. The high brand
recognition of existing players challenges the
growth of new players in the market. However, the
ability to manufacture high-quality PVC-free IV
bags at a cheap cost in emerging countries has
lowered the entry barriers. This indicates the
threat of new entrants to be moderate to low over
the forecasted period. Furthermore, the surging
demand for nontoxic PVC-free IV bags is
intensifying the competition among prominent
players. Moreover, the band on PVC IV bags in
various nations has compelled companies to shift
manufacturing to non-PVC IV bags. Hence, these
factors infer the competition level to be high
over the upcoming years.
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