Global Intravenous Product Packaging Market 2016-2020

Overview of the intravenous (IV) product packaging market

According to the analysts at Technavio, the global intravenous (IV) product packaging market to witness steady growth and will post a CAGR of more than 6% over the forecast period. An increasing aging population around the world is one of the key factors driving the growth prospects of this market in the coming years. With aging, the risk of developing various health problems such as inflammation of kidneys, diabetes, urinary tract infections, and urinary incontinence increases. This considerably increases the use of medical devices and products, which will, in turn, lead to an augmented demand for IV product packaging.

End-stage renal disease (ESRD) is a disorder in which the kidney is no longer able to perform the renal functions and support the patient’s body. The common causes of ESRD are diabetes and hypertension and is considered to the last stage of chronic kidney disease. By 2015, nearly 700,000 people in the US were diagnosed with ESRD. Therefore, an increasing global prevalence indicates a general rise in the number of people requiring care of ESRD. This is anticipated to result in an increase in the number of surgeries, leading to an increasing use of cannulas and IV bags over the forecast period.

Product segmentation and analysis of the IV product packaging market

• IV bags
• Cannulas

During 2015, the IV bags segment dominated the market and accounted for close to 99% of the market share in terms of revenue. IV fluid bags are used to hold intravenous liquid, which is used for several purposes like maintaining the basal hydration level, correcting electrolyte imbalances, and expanding the intravenous volume in the hypovolemic state of a patient, among others. The analysts have estimated factors such as an increasing aging population around the world will impel the growth prospects of this market over the next four years.

Geographical segmentation and analysis of the IV product packaging market

• APAC
• Europe
• North America
• ROW

In terms of geography, North America dominated the global IV product packaging market and is expected to reach close to USD 720 million by 2020. Changing global demographics such as the growing awareness of diseases, rising income, and an increasing number of minimally invasive surgeries is expected to contribute to the growth of this market in North America.

Competitive landscape and key vendors

The global IV product packaging market is highly fragmented due to the presence of numerous multinational, regional, and local players. The smaller and regional providers in the market compete in terms of cost as it is difficult for them with international vendors on the basis of quality, features, and product offerings. The competition is expected to intensify owing to rapid technological changes and several mergers and acquisitions.

Key vendors in this market are -

• Baxter
• Nipro
• Renolit
• Sippex
• Wipak

Other prominent vendors in this market are Amcor, B.Braun Medicals, Dupont, MRK Healthcare, Minigrip, Neotec Medical Industries, Smith Medical, Terumo, and Technoflex SA.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global IV product packaging market?
• What are the key market trends impacting the growth of the global IV product packaging market?
• What are the challenges to market growth for the global IV product packaging market?
• Who are the key vendors in the global IV product packaging market?
• What are the market opportunities and threats faced by the vendors in the global IV product packaging market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global IV product packaging market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Intravenous Solutions Market 2016-2020
• Sterile Medical Packaging Market in the US 2015-2019
• Global Medical Device Packaging Market 2016-2020
• Global Medical Device Packaging Market 2016-2020