Global Empty Intravenous (IV) Bags Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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What is the Expected Growth Rate of the Empty Intravenous (IV) Bags Market from 2024 to 2033?
The empty intravenous (IV) bags market has also grown rapidly, expected to rise from $5.63 billion in 2023 to $6.36 billion in 2024, at a CAGR of 13.0%. The historical growth is linked to the rising prevalence of chronic diseases, high demand for IV therapies, an aging population, improved healthcare infrastructure, and expanded clinical services.
The empty intravenous (IV) bags market is expected to see rapid growth, reaching $10.41 billion by 2028 at a CAGR of 13.1%. This growth is driven by the expanding home healthcare market, rising incidences of malnutrition, demand for personalized medicine, expansion of healthcare services in emerging markets, and increasing surgical procedures. Key trends include the development of smart IV bags with sensors, biodegradable options, and improved sterility measures.
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What Key Factors Are Fueling the Growth of the Empty Intravenous (IV) Bags Market?
The high prevalence of chronic diseases is expected to propel the empty intravenous (IV) bag market. Chronic diseases are long-lasting conditions that are rising due to aging populations and lifestyle factors. Empty IV bags are essential for administering personalized medication and facilitating home care. The National Library of Medicine projected that individuals affected by chronic diseases will increase by 99.5% by 2050. Thus, the prevalence of chronic diseases drives growth in this market.
What Are the Major Segments of the Empty Intravenous (IV) Bags Market?
1) By Product: Polyvinyl Chloride, Non-Polyvinyl Chloride
2) By Type: Single Chamber, Multi-Chamber
3) By Material: Polypropylene, Polyester Ether, Ethylene Vinyl Acetate (EVA), Other Materials
4) By Capacity: 50 ML – 100 ML, 100 ML – 250 ML, 250 ML – 500 ML, Above 500 ML
5) By Application: Hospital, Clinic, Other Applications
What New Trends Are Transforming the Empty Intravenous (IV) Bags Market?
Companies in the empty intravenous (IV) bag market are focusing on innovative IV bag platforms to improve patient safety. In March 2021, Fagron Sterile Services launched an IV Bag Platform to support the demand for compounded sterile medications during the COVID-19 pandemic, offering latex-free bags that are individually overwrapped for protection.
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Which Regions Are Driving Growth in the Empty Intravenous (IV) Bags Market?
North America was the largest region in the empty intravenous (IV) bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the empty intravenous (IV) bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Empty Intravenous (IV) Bags Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the empty intravenous (iv) bags market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Empty Intravenous (IV) Bags Market Include
1. Empty Intravenous (IV) Bags Market Executive Summary
2. Empty Intravenous (IV) Bags Market Segments
3. Empty Intravenous (IV) Bags Market Size And Template Market Growth Rate
4. Key Empty Intravenous (IV) Bags Market Trends
5. Major Empty Intravenous (IV) Bags Market Drivers
……
25. Key Mergers And Acquisitions In The Empty Intravenous (IV) Bags Market
26. Top Empty Intravenous (IV) Bags Companies
27. Empty Intravenous (IV) Bags Market Opportunities And Strategies
28. Empty Intravenous (IV) Bags Market, Conclusions And Recommendations
29. Appendix
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