The North America Empty IV Bags Market would witness market growth of 6.7% CAGR during the forecast period (2022-2028).
IV fluids are specifically prepared liquids that are injected into a vein to treat or prevent dehydration. IV fluids may also be referred to as intravenous fluids. They are administered to patients of any age who are ill, wounded, suffering from dehydration as a result of activity or heat, or who are undergoing surgical procedures.
A popular practice that is uncomplicated, risk-free, and safe, intravenous rehydration also has relatively minimal potential for consequences. As people become more conscious of their impact on the environment, there has been a rise in the demand for non-PVC IV bags.
There has been a general tendency toward decreasing the use of phthalate in IV bags all over the globe, and several nations and government organizations are now implementing a variety of measures to bring this about. This immediately corresponds to increased use of non-PVC IV bags and, therefore, an increase in the development of the market for empty IV bags.
According to the statistics supplied by the CDC, there were 1,752,735 newly diagnosed cases of cancer in the United States in 2019, and 599,589 individuals lost their lives to the disease. There were 439 newly diagnosed instances of cancer and 146 deaths attributed to cancer for every 100,000 individuals in the population. The most recent year for which incidence statistics are available is 2019, which is also the current year. The National Cancer Institute estimates that there will be 290,560 new instances of breast cancer diagnosed in people in the United States in the year 2022. This makes breast cancer the most frequent kind of cancer. Prostate cancer and lung cancer are the types of cancer that occur the second most often. Which in turn accelerates the expansion of the regional market.
The US market dominated the North America Empty IV Bags Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,064.4 Million by 2028. The Canada market is poised to grow at a CAGR of 8.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Empty IV Bags Market is Predict to reach $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.
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