According to the business intelligence report titled ‘GLOBAL NON-PVC IV BAGS MARKET 2022-2028’, available with MarketStudyReport, global non-PVC IV bags market is projected to record a year-over-year growth rate of 7.32% during 2021-2028.
 

Experts claim that global non-PVC IV bags market is primarily driven by escalating demand for parenteral nutrition for newborns. Besides, increasing prevalence of chronic conditions is another major factor driving the industry growth.

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Further, application of non-PVC IV bags for preventing hazardous chemical effects is anticipated to present new business expansion opportunities. On the contrary, high product cost and stringent regulatory scenario are anticipated to negatively impact industry development in the forthcoming years.

Moving on to market segmentation, the market is divided into type (liquid mixture, frozen mixture), material (polypropylene, ethylene-vinyl acetate, copolyester ether, others), and product (single chamber, multi-chamber), and region. All these sub-markets are assessed in terms of important metrics like revenue and growth rate.

Considering regional bifurcation, global non-PVC IV bags industry size and scope is defined by North America (U.S., Canada), Europe (Germany, UK, France, Italy, Spain, Russia), Asia Pacific (China, India, Japan, Australia & New Zealand, South Korea, India), Latin America (Mexico, Brazil), and MEA (Saudi Arabia, United Arab Emirates, South Africa, Turkey).

North America currently captures majority of the industry share and is likely observe strong growth through 2028, creditable to presence of a well-defined regulatory framework, high prevalence of diseases, and favorable reimbursement scenario in the region.

With respect to the competitive landscape, Shanghai Xin Gen Eco-Technologies Co. Ltd., Sealed Air Corp., Renolit Group, PolyCine GmbH, Pfizer Inc., Otsuka Pharmaceutical Co. Ltd., Medi Pharma Plan Co. Ltd., Kraton Corp., JW Life Science Corp., ICU Medical Inc., Huaren Pharmaceutical Co. Ltd., Fresenius Kabi AG, B. Braun Melsungen AG, Baxter Internation Inc., and Angiplast Pvt. Ltd. are the major players influencing worldwide non-PVC IV bags market trends. These companies are actively focusing on R&D activities to remain competitive in the market.