Intravenous Fluid Bags Market by End-user and Geography - Forecast and Analysis 2020-2024

The intravenous fluid bags market share is expected to increase by USD 667.51 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 5.67%.

This intravenous fluid bags market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers intravenous fluid bag market segmentations by end-user (hospitals, home healthcare, and others) and geography (North America, Europe, APAC, and South America). The intravenous fluid bags market report also offers information on several market vendors, including Amcor Ltd., B. Braun Melsungen AG, Baxter International Inc., Fresenius Kabi AG, ICU Medical Inc., JW Lifescience Corp., Merit Medical Systems Inc., PolyCine GmbH, Sippex - A MEDIPPEX Co., and Smiths Medical Group Ltd. among others.

What will the Intravenous Fluid Bags Market Size be During the Forecast Period?

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Intravenous Fluid Bags Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising prevalence of chronic diseases is notably driving the intravenous fluid bags market growth, although factors such as risks associated with use of iv fluid bags may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the intravenous fluid bags industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Intravenous Fluid Bags Market Driver

The rising prevalence of chronic diseases is one of the key factors driving the intravenous fluid bags market growth. The Centers for Disease Control and Prevention (CDC) reported that around 795,000 people in the US suffer from a stroke every year. About 87% of these people get ischemic strokes, which leads to blockage of the arteries leading to the brain. In such cases, surgeries such as embolectomy, angioplasty, and surgical arteriovenous malformation repair are performed to remove the blood clot. Chronic conditions such as diabetes are increasing the prevalence of diabetic retinopathy, which can damage the blood vessels of the retina, leading to blindness. Moreover, the rising prevalence of diabetes in the US will increase the number of diabetic retinopathy cases, which will increase the demand for intravenous fluid bags in the market. Similarly, the number of surgeries for breast and ovarian cancer has increased in Australia, driving the demand for intravenous fluid bags in the country. Essentially, the increasing prevalence of chronic diseases is driving the global intravenous fluid bags market growth during the forecast period.

Key Intravenous Fluid Bags Market Trend

The technological innovations will fuel the global intravenous fluid bags market growth. Vendors that offer intravenous fluid bags are focused on improving the features of their products. They have developed specialized intravenous blood fluid bags that can withstand low temperatures and offer a high level of safety. For instance, the Reusable Pressure Infusion Bag by Pacific Hospital Supply is a reusable latex-free polyurethane (PU) bag that is used for the infusion of blood, blood plasma, and other liquids. Similarly, in April 2019, Amcor Plc. launched a recyclable, high-barrier flexible packaging, AmLite Ultra Recyclable, for packaging pharmaceutical products. Companies also use this high-barrier flexible packaging product to pack up a range of food, home care, and personal care products. Moreover, the vendors have also developed customized intravenous fluid bags to provide personalized therapeutic solutions. For instance, Technoflex provides 2-CHAMBER BAGS made of DEHP-free or PP material. They are used to provide customized solutions to various applications such as parenteral nutrition and drug reconstruction. Such innovations in intravenous fluid bags drive the global intravenous fluid bags market growth.

Key Intravenous Fluid Bags Market Challenge

The risks associated with the use of intravenous fluid bags are a major challenge for global intravenous fluid bag market growth. Intravenous fluid bags made of PVC contain DEHP chemicals which can leach out through the intravenous fluid solution and cause damage to the liver, kidneys, lungs, and reproductive system. The use of a sodium chloride-containing substance called saline in intravenous bags causes kidney disease. As the disposal of PVC intravenous fluid bags causes an adverse impact on the environment due to the release of harmful gases, disposal of these materials is a growing concern. The incineration of PVC intravenous fluid bags produces toxic hydrochloric acid (HCL), which causes acid rain. The inaccurate monitoring of intravenous fluid in intravenous fluid bags while injecting it into the patient causes a nutrient imbalance in patients. The inappropriate reprocessing and use of reusable intravenous fluid bags also cause health-related issues. Essentially, the risks associated with the use of intravenous fluid bags affect the market growth during the forecast period. 

This intravenous fluid bags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global intravenous fluid bags market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the intravenous fluid bags market during the forecast period.

Who are the Major Intravenous Fluid Bags Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Amcor Ltd.
• B. Braun Melsungen AG
• Baxter International Inc.
• Fresenius Kabi AG
• ICU Medical Inc.
• JW Lifescience Corp.
• Merit Medical Systems Inc.
• PolyCine GmbH
• Sippex - A MEDIPPEX Co.
• Smiths Medical Group Ltd.

This statistical study of the intravenous fluid bags market encompasses successful business strategies deployed by the key vendors. The intravenous fluid bags market is fragmented and the vendors are deploying growth strategies such as focusing on product innovation and increasing the existing product capabilities to compete in the market.

Product Insights and News

• Amcor Ltd. - The company offers intravenous fluid bags in the form of Surface Nylon VN, Polyolefin P, and Duplex OPET/PP.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The intravenous fluid bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Intravenous Fluid Bags Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the intravenous fluid bags market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global healthcare supplies market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Intravenous Fluid Bags Market?

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36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for intravenous fluid bags market in North America. Market growth in this region will be faster than the growth of the market in South America.

The rising prevalence of chronic diseases will facilitate the intravenous fluid bags market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Many elective surgeries, such as the appendix, kidney, and gallbladder stone surgeries were postponed for two to three months in early 2020 to prevent the spread of COVID-19. More than 500,000 surgical procedures were either postponed or canceled in 2020, which led to a decline in the adoption of intravenous fluid bags. However, in 2021, the initiation of large-scale vaccination drives has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating End-User Segments in the Intravenous Fluid Bags Market?

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The intravenous fluid bags market share growth by the hospital segment will be significant during the forecast period. Intravenous fluid bags are used in hospitals, including both multispecialty hospitals and general government hospitals, to provide intravenous solutions to prevent dehydration, maintain blood pressure, and provide medicines or nutrients to patients. Such factors will increase the demand for the market in focus during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the intravenous fluid bags market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Intravenous Fluid Bags Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive intravenous fluid bags market growth during the next five years
• Precise estimation of the intravenous fluid bags market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the intravenous fluid bags industry across North America, Europe, APAC, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of intravenous fluid bags market vendors

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