December 14, 2024
Non-PVC IV Bags Market

Non-PVC IV bags are flexible medical products used to administer fluids, blood products, and medications intravenously to patients. They are usually made from materials other than polyvinyl chloride (PVC) like ethylene vinyl acetate and polypropylene. The growing usage of intravenous solutions to treat certain medical conditions like dehydration, chemotherapy treatments and electrolyte imbalances has propelled the demand for non-PVC IV bags. They provide benefits like reduced risk of plasticizer exposure and leachables/extractables compared to conventional PVC bags. Moreover, non-PVC bags have high biocompatibility which minimizes blood accumulation and do not require DEHP plasticization.

The global Non-PVC IV Bags Market is estimated to be valued at US$ 2494.04 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends in the Global Non-PVC IV Bags Market Size is the increasing adoption of single-use non-PVC IV bags. Single-use non-PVC IV bags help reduce the risk of contamination as they are used only for one patient. They ensure improved safety and lower healthcare costs compared to multi-use bags. Growing awareness about the ill effects of plasticizers like DEHP used in conventional PVC IV bags is another key trend spurring the demand for non-PVC alternatives. Strict regulatory frameworks banning the use of certain plasticizers are further propelling the non-PVC IV bags market.

Porter’s Analysis

Threat of new entrants: Low barrier to entry as manufacturing plants do not require large capital investments however established players have advantages of economies of scale and brand credibility.

Bargaining power of buyers: Moderate as buyers have many alternatives and can negotiate on price however suppliers have differentiation advantage based on material quality and designs.

Bargaining power of suppliers: Moderate as prominent suppliers operate at global scale and have significant production capacity however industry concentration is low with presence of local suppliers.

Threat of new substitutes: Low as non-PVC IV bags have established themselves as safer substitutes to PVC and other materials however continuous innovation can pose threat in long run.

Competitive rivalry: High among leading players to gain market share and create brand loyalty through differentiated product offerings, certifications and expansion into new regions.

Key Takeaways

The global Non-PVC IV Bags market is expected to witness high growth. The global Non-PVC IV Bags Market is estimated to be valued at US$ 2494.04 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.

North America region currently dominates the market supported by regulatory push towards safer materials and growing prevalence of chronic diseases driving hospital visits. Key players are focusing on geographical expansion and capacity additions to cater to increasing demand. Asia Pacific is fastest growing region for non-PVC IV bags market driven by improving healthcare infrastructure, rising medical tourism and increasing incidence of lifestyle diseases. China and India are emerging as lucrative markets.

Key players: Key players operating in the Non-PVC IV Bags market are Al Kuwaiti Industrial Solutions, Ziligen A.S., Arabian Universal, Semperit AG Holding, Bridgestone Corporation, Schieffer Magam Industries Ltd., ContiTech AG (Continental AG), Phoenix Conveyor Belt Systems Gmbh, Derby Conveyor Belt Industry and Trade Inc., Kale Conveyor, FaBa Commercial Services, and Fenner Dunlop Conveyor Belting.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →