According to FutureWise analysis the market for IV Bags in 2023 is US$ 2.1 billion, and is expected to reach US$ 4.88 billion by 2031 at a CAGR of 11.12%.
For products supplied in the parenteral packaging market, integrity and high performance quality are essential features. The IV bags market has emerged as a leading segment of parenteral packaging and is characterized by supplies of plastic materials used for intravenous therapy with principal applications in hospital care. Patients who suffer from diarrhea and fever are likely to experience low electrolyte levels, resulting in moderate to severe dehydration, especially in children. Patients receive intravenous therapy using IV bags to hydrate or cure themselves. IV bags are also useful for delivering medications and for blood transfusions directly into veins. Another important factor driving the market for IV bags is the need for blood storage, as blood stored in the bags can be vital for saving the life of a patient during critical moments. The administration of medications to a patient directly through the veins using IV bags. The availability of IV bags that can satisfy storage, transportation, sterilization, and handling requirements is driving the growth of the IV bag market vertically.
FutureWise Market Research has instantiated a report that provides an intricate analysis of IV Bags Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the IV Bags Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.