Non-PVC IV bags are medical devices that deliver medications, fluids, blood and electrolytes to patients undergoing medical treatments and surgery through intravenous method. Made from non-toxic materials like polyethylene and polypropylene, these bags help avoid harmful effects associated with PVC such as toxicity, plasticizers and medical waste. They ensure safe administration of treatment to patients and help in reducing environmental pollution. The global Non-PVC IV Bags Market is estimated to be valued at US$ 1.2 billion in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of non-PVC IV bags is mainly driven by the growing awareness about adverse effects of PVC among patients and healthcare providers. Various studies have established association between PVC and toxicity issues like leaching of phthalates plasticizers which can potentially harm patients undergoing long term treatments. Non-PVC bags are free from such risks and allow for safer treatment of chronic diseases like cancer requiring lengthy IV therapies. Many countries have also imposed regulatory norms favoring usage of non-toxic alternatives to PVC in medical devices. This growing regulatory push along with rising health conscious consumer behavior is expected to boost the non-PVC IV bags market substantially over the forecast period.
Segment Analysis
The global non-PVC IV bags market is dominated by the crystalline polymers sub-segment. Crystalline polymers such as polyolefins provide superior strength and breaking resistance as compared to other material like lipids, which makes them ideal for manufacturing IV bags. These bags can withstand high temperatures during autoclaving or sterilization processes.
Key Takeaways
The Global Non-PVC IV Bags Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: North America region currently dominates the non-PVC IV bags market due to stringent regulations banning use of PVC and presence of major players. The region is expected to continue its dominance owing to growing healthcare expenditure and increasing adoption of non-PVC materials. Asia Pacific region is expected to register fastest growth during the forecast period majorly due to rising medical tourism in countries like India and China.
Key players operating in the non-PVC IV bags market are Baxter, Sippex, B.Braun, Kawasumi Laboratories, Medline, and Renolit.
For more details on the report, Read- https://www.insightprobing.com/non-pvc-iv-bags-market-demand-share-analysis/