Non-PVC IV Bags Market Will Witness Growth Based On Enhanced Application Scope In Medical As Well As Non-Medical Industries Till 2025:Grand View Research,inc.
The global non-PVC IV bags market is expected
to reach USD 2.29 billion by 2025, according to a new report by Grand View
Research, Inc. Globally, increasing demand for safer medical packaging and
strict regulations against usage of PVC are the key factors anticipated to
boost the demand for non-PVC alternatives. Extensive research and developments
for novel alternatives are expected to fuel the growth further.
As per the current market
scenario, usage of non-PVC IV bags is limited to fields such as chemotherapy
and parenteral nutrition. With the introduction of different types of
alternatives such as ethylene vinyl acetate and polypropylene, PVC packaging is
anticipated to be replaced by non-PVC alternatives. These materials can be used
for specific purposes such as cold/frozen storage and customized mixtures. The
non-PVC packaging market is expected to witness lucrative growth during the
forecast period owing to the versatility of applications.
Demand for non-PVC plastics is
increasing in medical as well as non-medical industries owing to stricter
regulations against their usage since their disposal can cause high level of
pollution. The changing trend of using non-PVC materials provides a huge scope
for growth, thus attracting manufacturers and investors to this market.
The demand for non-PVC IV bags is
increasing in parenteral nutrition services. They also have high demand for
multichambered bags; as the formulation differs from patient to patient. The
scope for customized IV bags providers is anticipated to increase with the
development of personalized therapeutic solutions.
Browse full research report on Non-PVC IV Bags Market: http://www.grandviewresearch.com/industry-analysis/non-pvc-iv-bags-market
Further key findings from the report suggest:
- Single chamber bags dominated the market by capturing
64.6% of the total market share in 2016. High usage in IV drips and other
mixtures is a principal factor that can be attributed to the large share.
- Ethylene vinyl acetate captured the largest share in
2016 and this dominance is expected to continue over the forecast period.
Higher safety and utility of its usage in frozen mixtures including in
blood banks are expected to have a high impact on the segment growth.
- The demand for copolyester ether is expected to
showcase highest growth during the forecast period due to advantages such
as transparency, durability, and chemical resistance.
- North America dominated the market and is expected to
dominate throughout the forecast period. On the other hand, Asia Pacific
is expected to showcase fastest growth, fueled by factors such as
emergence of a large number of local players and increasing foreign direct
investment.
- Key players include ANGIPLAST PVT. LTD.; RENOLIT;
Shanghai Xin Gen Eco-Technologies Co., Ltd; PolyCine GmbH; Jiangxi Sanxin
Medtec Co., Ltd.; Kraton Corporation; Pfizer, Inc. (Hospira).; Baxter; and
B. Braun Melsungen AG
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global non-PVC IV bags
market on the basis of type, material, content type, and region:
Non-PVC IV Bags Type Outlook (Revenue, USD Million, 2014
- 2025)
- Single
Chamber
- Multichamber
Non-PVC IV Bags Material Outlook (Revenue, USD Million,
2014 - 2025)
- Ethylene
Vinyle Acetate
- Polypropylene
- Copolyester
ether
- Others
Non-PVC IV Bags Content Type Outlook (Revenue, USD
Million, 2014 - 2025)
- Frozen
Mixture
- Liquid
Mixture
Non-PVC IV Bags Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-non-pvc-iv-bags-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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