The Asia Pacific Empty IV Bags Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Since the majority of such therapeutic agents are susceptible to interaction with plasticizers and have a tendency to translate into harmful agents, there is a thriving market for empty IV bags in the treatment of oncology processes, primarily for chemotherapy and targeted drug delivery. This is because the demand for empty IV bags is on the rise. The utilization of containers that do not contain plasticizers is one way to reduce the severity of this discordance. Polypropylene and ethylene-vinyl acetate are the two materials that go into the production of these bags. The market for empty IV bags is being driven by a number of other reasons, including technical advancements that improve service quality as well as a growth in the number of hospitals.
The nutrients in IV treatment are administered directly into the bloodstream rather than being taken orally, which means that they skip the digestive system and are thus completely absorbed. This results in larger concentrations of the nutrients, which in turn provide significant health benefits. Minerals, amino acids, and common vitamins such as B and C could be administered by IV treatment.
The lack of road safety is a significant barrier to global development, a threat to public health, and the primary reason for both deaths and injuries on a global scale. According to the Globe Health Organization, at least one out of every ten individuals who are murdered while traveling on roads throughout the world comes from India. According to the government of India, there have been a total of 4,12,432 registered road accidents in the nation during the year 2021. These incidents have resulted in the deaths of 1,53,972 people and the injuries of 3,84,448 other people. As a result, the market for empty IV bags is expected to grow in the Asia-Pacific region over the course of the projected period. This is mostly because to the increasing number of vehicular accidents that are occurring throughout the area's countries.
The China market dominated the Asia Pacific Empty IV Bags Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $485.6 Million by 2028. The Japan market is estimated to grow a CAGR of 8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.3% during (2022 - 2028).
Based on Product, the market is segmented into PVC and Non-PVC (Single Chamber and Multi Chamber). Based on Non-PVC Material Type, the market is segmented into Polypropylene, Copolyester ether, Ethylene-vinyl acetate, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Empty IV Bags Market is Projected to reach USD 6.7 Billion by 2028, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Baxter International, Inc., B. Braun Medical Inc., ICU Medical, Inc., Becton, Dickinson and Company, Fresenius SE & Co. KGaA, Wipak Oy (Wihuri Group), Renolit SE, Technoflex, Medippex Group, and Polycine GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Product
- PVC
- Non-PVC
- Non-PVC Type
- Single Chamber
- Multi Chamber
- Non-PVC Materia Type
- Polypropylene
- Copolyester ether
- Ethylene-vinyl acetate
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Baxter International, Inc.
- B. Braun Medical Inc.
- ICU Medical, Inc.
- Becton, Dickinson and Company
- Fresenius SE & Co. KGaA
- Wipak Oy (Wihuri Group)
- Renolit SE
- Technoflex
- Medippex Group
- Polycine GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Empty IV Bags Market, by Product
1.4.2 Asia Pacific Empty IV Bags Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Empty IV Bags Market by Product
3.1 Asia Pacific PVC Market by Country
3.2 Asia Pacific Non-PVC Market by Country
3.3 Asia Pacific Empty IV Bags Market by Non-PVC Type
3.3.1 Asia Pacific Single Chamber Market by Country
3.3.2 Asia Pacific Multi Chamber Market by Country
3.4 Asia Pacific Empty IV Bags Market by Non-PVC Material
3.4.1 Asia Pacific Polypropylene Market by Country
3.4.2 Asia Pacific Copolyester ether Market by Country
3.4.3 Asia Pacific Ethylene-vinyl acetate Market by Country
3.4.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Empty IV Bags Market by Country
4.1 China Empty IV Bags Market
4.1.1 China Empty IV Bags Market by Product
4.1.1.1 China Empty IV Bags Market by Non-PVC Type
4.1.1.2 China Empty IV Bags Market by Non-PVC Material
4.2 Japan Empty IV Bags Market
4.2.1 Japan Empty IV Bags Market by Product
4.2.1.1 Japan Empty IV Bags Market by Non-PVC Type
4.2.1.2 Japan Empty IV Bags Market by Non-PVC Material
4.3 India Empty IV Bags Market
4.3.1 India Empty IV Bags Market by Product
4.3.1.1 India Empty IV Bags Market by Non-PVC Type
4.3.1.2 India Empty IV Bags Market by Non-PVC Material
4.4 South Korea Empty IV Bags Market
4.4.1 South Korea Empty IV Bags Market by Product
4.4.1.1 South Korea Empty IV Bags Market by Non-PVC Type
4.4.1.2 South Korea Empty IV Bags Market by Non-PVC Material
4.5 Singapore Empty IV Bags Market
4.5.1 Singapore Empty IV Bags Market by Product
4.5.1.1 Singapore Empty IV Bags Market by Non-PVC Type
4.5.1.2 Singapore Empty IV Bags Market by Non-PVC Material
4.6 Malaysia Empty IV Bags Market
4.6.1 Malaysia Empty IV Bags Market by Product
4.6.1.1 Malaysia Empty IV Bags Market by Non-PVC Type
4.6.1.2 Malaysia Empty IV Bags Market by Non-PVC Material
4.7 Rest of Asia Pacific Empty IV Bags Market
4.7.1 Rest of Asia Pacific Empty IV Bags Market by Product
4.7.1.1 Rest of Asia Pacific Empty IV Bags Market by Non-PVC Type
4.7.1.2 Rest of Asia Pacific Empty IV Bags Market by Non-PVC Material
Chapter 5. Company Profiles
5.1 Baxter International, Inc.
5.1.1 Company Overview
5.1.2 Financial Analysis
5.1.3 Segmental Analysis
5.1.4 Research & Development Expense
5.2 B. Braun Melsungen AG
5.2.1 Company Overview
5.2.2 Financial Analysis
5.2.3 Segmental and Regional Analysis
5.2.4 Research & Development Expenses
5.2.5 Recent strategies and developments:
5.2.5.1 Trials and Approvals:
5.3 ICU Medical, Inc.
5.3.1 Company Overview
5.3.2 Financial Analysis
5.3.3 Regional Analysis
5.3.4 Research & Development Expenses
5.3.5 Recent strategies and developments:
5.3.5.1 Partnerships, Collaborations, and Agreements:
5.4 Becton, Dickinson and Company
5.4.1 Company Overview
5.4.2 Financial Analysis
5.4.3 Segmental and Regional Analysis
5.4.4 Research & Development Expense
5.5 Fresenius SE & Co. KGaA
5.5.1 Company Overview
5.5.2 Financial Analysis
5.5.3 Segmental and Regional Analysis
5.5.4 Research & Development Expenses
5.6 Wipak Oy (Wihuri Group)
5.6.1 Company Overview
5.7 Renolit SE
5.7.1 Company Overview
5.8 Technoflex
5.8.1 Company Overview
5.9 Medippex Group
5.9.1 Company Overview
5.10. Polycine GmbH
5.10.1 Company Overview
TABLE 1 Asia Pacific Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 5 Asia Pacific PVC Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific PVC Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Non-PVC Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Non-PVC Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Single Chamber Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Single Chamber Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Multi Chamber Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Multi Chamber Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Polypropylene Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Polypropylene Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Copolyester ether Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Copolyester ether Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Ethylene-vinyl acetate Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Ethylene-vinyl acetate Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Empty IV Bags Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Empty IV Bags Market by Country, 2022 - 2028, USD Million
TABLE 27 China Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 28 China Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 29 China Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 30 China Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 31 China Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 32 China Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 33 China Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 34 China Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 35 Japan Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 36 Japan Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 37 Japan Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 38 Japan Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 39 Japan Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 40 Japan Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 41 Japan Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 42 Japan Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 43 India Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 44 India Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 45 India Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 46 India Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 47 India Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 48 India Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 49 India Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 50 India Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 51 South Korea Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 52 South Korea Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 53 South Korea Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 54 South Korea Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 55 South Korea Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 56 South Korea Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 57 South Korea Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 58 South Korea Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 59 Singapore Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 60 Singapore Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 61 Singapore Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 62 Singapore Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 63 Singapore Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 64 Singapore Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 65 Singapore Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 66 Singapore Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 67 Malaysia Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 68 Malaysia Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 69 Malaysia Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 70 Malaysia Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 71 Malaysia Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 72 Malaysia Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 73 Malaysia Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 74 Malaysia Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Empty IV Bags Market, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Empty IV Bags Market, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Empty IV Bags Market by Product, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Empty IV Bags Market by Product, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Empty IV Bags Market by Non-PVC Type, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Empty IV Bags Market by Non-PVC Type, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Empty IV Bags Market by Non-PVC Material, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Empty IV Bags Market by Non-PVC Material, 2022 - 2028, USD Million
TABLE 83 Key Information – Baxter International, Inc.
TABLE 84 key Information – B. Braun Melsungen AG
TABLE 85 Key information – ICU Medical, Inc.
TABLE 86 Key information – Becton, Dickinson and Company
TABLE 87 key information – Fresenius SE & Co. KGaA
TABLE 88 Key Information – Wipak Oy
TABLE 89 Key Information – Renolit SE
TABLE 90 Key Information – Technoflex
TABLE 91 Key Information – Medippex Group
TABLE 92 Key Information – Polycine GmbH
List of Figures
FIG 1 Methodology for the research