Global Empty IV Bags Market Size and Trends
The global empty IV bags market is valued at US$ 4.9 Bn in 2023 and is expected to reach US$ 8.4 Bn by 2030, growing at a compound annual growth rate (CAGR) of 8% from 2023 to 2030.
Global Empty IV Bags Market Trends:
- Customized and specialized IV bags: The growing demand for customized and specialized IV bags from healthcare facilities and patients is having a significant impact on the global empty IV bags market. With advancement in medical technologies, there is an increasing need for tailoring IV therapy to individual patient requirements. This has prompted empty IV bag manufacturers to offer a wide range of customizable options for attributes like size, additives, components, flow rates, etc. They are working closely with healthcare organizations to develop specialized IV formulations for diseases with high volume such as cancer, diabetes, and cardiovascular conditions. This is enabling doctors to more effectively manage patients with complex conditions through precise medication delivery.
- Rise of single-use empty IV bags: The rise of single-use empty IV bags is having a significant impact on the global empty IV bags market. With advancements in medical technology and focus on hygiene, more hospitals and healthcare facilities are preferring single-use empty IV bags over multi-use bags. Single-use bags reduce the risk of contamination and infections related to reuse of bags. They assure greater sterility as each bag is used only once for one patient. This improves patient safety and outcomes. Several developed countries have implemented strict regulations mandating the use of single-use disposable medical devices and supplies. For instance, the US FDA has guidelines that require labelling bags clearly as single-use if intended for one-time use only. This prevents accidental reuse and associated safety issues. Such regulatory push is driving the increased demand for single-use empty IV bags from medical facilities across the U.S. Additionally, with rising healthcare costs, providers are under pressure to reduce hospital stay and turnaround times. Single-use bags allow for quicker set-up and administration of intravenous therapies without the need for additional sterilization steps. This supports faster patient throughput.
- Increasing adoption of inorganic growth strategies such as collaborations: Increasing adoption of organic growth strategies, such as collaborations, by the key players in the market are expected to drive the growth of the market over the forecast period. For instance, on December 15, 2023, Baxter, a global pharmaceutical company, in collaboration with Northwestern Medicine, a non-profit healthcare system based in the U.S., concluded the first phase of its pilot programme for recycling intravenous (IV) bags for U.S. hospitals
- Growing demand for large-volume IV bags: The growing demand for large-volume IV bags is having a significant impact on the global empty IV bags market. With the rising number of complex surgeries and chronic diseases that require intravenous medication and fluid therapy, there is an increasing need for IV bags with larger volumes. Earlier, the standard size for IV bags was up to 1,000 ml but now hospitals and healthcare providers are preferring bags with volumes ranging from 1,000 ml to 3,000 ml. This shift towards larger IV bags is driven by the need for fewer bag replacements during long procedures and therapy cycles. Frequent bag changes can disrupt the IV line and increase the risk of infection. Larger bags allow for continuous infusion of medications and fluids over extended periods without the need for multiple bag replacements. This is more convenient for both medical staff and patients undergoing lengthy treatments. According to the United States Food and Drug Administration, several new drugs approved in recent years require administration over 24 hours or more using an IV bag, thus generating higher demand for IV bags in the 1,000-3,000 ml category.
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