Global Empty IV Bags Market: Industry, Size,

Share, Growth, Trends and Forecast, 2019–

2029
June 2022

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 Research Methodology

Identification
of data
Collection Verification
Collaboration
of
Evaluation of of Data and Analysis
Data
Market
Dynamics

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and secondary data research sources, including of gathering data,
Prophecy internal data sources. accessing proprietary
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and interviews with policy makers, industry experts, out to key industry
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include a thorough study of market journals, press operate in the market
releases, annual reports, and Others and non Others across the value chain.
agencies websites. It also involves studying
This phase includes a detailed evaluation of several several patterns in
factors that are likely to affect the market dynamics. the historical data and
It involves a comprehensive assessment of major comparing it with the
market pain points, drivers, and trends. current scenario.
3.This stage involves the
validation of data and
arrival at actual statistics,
and evolution of the
market over the years. It
entails the study and
analyzes various segments
and Applications of the
market. An impact analysis
is also performed to
observe which factors will
affect the market in the
next few years.
4. This is the final stage,
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Research Objective

To analyze several micro-market

indicators considering growth To offer wide ranging market
To predict the
statistics with a detailed
factors, market prospects, and size of the
classification along with the
strategic market contribution market
market size of each segment

To analyze key
To outline and forecast the strengths,
Governance, Risk Management and opportunities,
Compliance (GRC) market in globally and strategies
based on segmentation and region of major
companies

To study market
To examine competitive scenarios opportunities for
such as collaborations, mergers and participants and To provide comprehensive
acquisitions, R&D activities, and stakeholders by information about factors that affect
advanced developments identifying high market dynamics
growth sectors in
the market

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Research Process

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MARKET
PRELIMINARY
ANALYSIS &
RESEARCH
SEGMENTATION

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 Research Methodology
Global Market Size

Market/Revenue share split by each market segment

Market/Revenue share of each key player in each
such as By Product Fracturing Fluids/Fracturing
Type segment
Fluids sector/end user

Market/Revenue share of each key player in the Market/Revenue share split by each region and
global market country in the global market

Bottom-up Approach – Top-down Approach –

Collection of market related data and information Market size and analysis validation through primary
from primary and secondary sources, and data and secondary research participants and key opinion
analysis. leaders.
Primary Sources: Primary Sources:
 Demand Side Key Opinion Leaders  Demand Side Key Opinion Leaders
 Supply Side Key Opinion Leaders  Supply Side Key Opinion Leaders
Secondary Sources: Secondary Sources:
 Annual Reports  Annual Reports
 Financial Reports and Presentations  Financial Reports and Presentations
 Press Releases  Press Releases
 Research Journals  Research Journals
 Paid Data Sources  Paid Data Sources

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 Research Methodology
Definition and Scope – Prophecy Market Insights provide the market definition to
understand the target Type/service and provide the market scope to understand
the report coverage after thoroughly understanding of target market and market
specific requirements.

Primary Research – We formulates a detailed discussion guide to perform primary

research. In primary research collection of data is performed through telephonic
interview, E-mail questionnaire’s, and in-depth discussion with industry experts,
manufacturers, suppliers, and distributors. The primary research participant
includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and
etc.

Secondary Research – Our research analyst performs in-depth secondary research

and extensive data mining to collect market related information through various
authentic data sources such as Annual Reports, Trade Publications, Magazines,
Research Publications, Company Press Release, and some paid data sources.

In-house Data Analysis – After extensive data mining, we perform in-house market
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Scope & Coverage

The report considers 2019 as the base year. All calculations involving quantitative data are
based on 2019. The values represented in the report are actual values for 2019, whereas,
the values are estimated for the period 2020−2029.

2019 2020 2021-2029

Base Year Estimated Year Forecast Years

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Market Segmentation

Global Empty IV Bags Market

By Product By Type By Region

 PVC  Single  North America

 Non-PVC  Multi-chamber  Europe
 Asia Pacific
 Latin America
 Middle East & Africa

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 Currency Conversion

Currency Conversion 2013-2018

The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate
(January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below
represents the standard conversion rates used in the report.

Currency Conversion 2013 2014 2015 2016 2017 2018

$/€ USD/EUR 0.7532 0.7535 0.8969 0.8988 0.8605 0.8566

$/£ USD/GBP 0.6395 0.6072 0.6526 0.7309 0.7607 0.7586

$/¥ USD/JPY 98.58 105.84 120.9 107.5269 113.8867 111.0019

$/₭ USD/SEK 6.5127 6.8587 8.404 8.9328 8.4135 8.8826

$/A$ USD/AUD 1.0362 1.1094 1.3112 1.343 1.3042 1.3578

$/¥ USD/RMB (CNY) 6.1905 6.1432 6.1606 6.61 6.6294 6.6675

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 Executive Summary (1/9)

Overview

 The Global Empty IV Bags Market accounted for US$ 3.42 billion in 2020 and is estimated to be US$ 7.03 billion by 2030 and is
anticipated to register a CAGR of 7.50%. The increase in the prevalence of disorders such as gastrointestinal diseases, neurological
diseases, and cancer, where IV fluids are given to patients, is a major factor contributing to the market's growth.

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 Executive Summary (3/9)

Table 2.1: Global Empty IV Bags Market Overview

Parameters 2019 (E) 2029 (F)

Global Empty IV Bags Market Value (US$ Bn) 3.42 bn 7.03 bn| CAGR: 7.50% |

By Product Segment with Largest Value (US$ Bn) PVC: XX PVC: XX

By Product Segment with Highest CAGR (%)-2019-2029 CAGR- XX%

By Type Segment with Largest Value (US$ Bn) Single: XX Single: XX

By Type Segment with Highest CAGR (%)-2019-2029 CAGR-XX%

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 Executive Summary (4/9)

Table 2.2: Global Empty IV Bags Market Overview

Parameters 2019 (E) 2029 (F)

By Region with Largest Value (US$ Bn) North America : XX North America xx

By Region with Highest CAGR (%)-2019-2029 Asia-Pacific: CAGR- XX%

Baxter International Inc.,

Technoflex
Key Market Players: Sippex
POLYCINE GmbH
ICU Medical Inc.
B. Braun Medical Inc.
Haemotronic
Otsuka Pharmaceutical India Private Limited

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 Executive Summary (5/9)
Figure 2.1: Global Empty IV Bags Market Value Share (%), By Product – 2020
Description (E)

 Global Empty IV Bags Market accounted for US$ 3.42 billion in 2020
and is estimated to be US$ 7.03 billion by 2030 and is anticipated to
register a CAGR of 7.50%. The advantages of polypropylene over
other available materials can be ascribed to its growing use in IV
bag manufacturing. The use of PVC has decreased due to the PVC Non-PVC
possibility of contaminants being released into the packaged
solution.

Analysis
 The Non-PVC IV bags segment dominated the market in 2018.
On the basis of materials, the non-PVC market has been
segmented into polypropylene (PP), Copolyester Ether
(COPE), Ethylene-vinyl acetate (EVA), and others. The COPE
segment is anticipated to witness the fastest growth over the
forecast period.
 COPE for empty IV bags is used in combination with other
materials such as polypropylene or other polyolefin resins. It
improves strength of the product and imparts more clarity.

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 Executive Summary (6/9)

Figure
Figure 2.2:2.2:
GlobalGlobal Portable
Empty IV Bags Market Value Share (%), By Type – 2020 (E) Figure 2.3:
2.4: Global Empty IV Bags Market Value Share (%), By Type - 2020(E)
Region – 2019 (E

North America

Single Chamber Europe

Latin America
Multiple
Chamber Asia Pacific

Middle East & Africa

Analysis and Outcome

 North American region held the largest share in 2018 and is

expected to maintain its dominance over the forecast period. The
adoption of non-PVC bags in the region is high owing to rising
acceptance of innovative healthcare technologies, high disease
prevalence, better reimbursement policies, and increasing
investments for improving healthcare infrastructure. Rising geriatric
population, increasing consumption of unhealthy food, and low
awareness are expected to aid growth the regional market.

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Executive Summary

Market at Glance (2020)

Europe:
North America:
XX Mn
XX Mn
CAGR: XX%
CAGR: XX%

APAC:
XX Mn
CAGR: XX%

Latin America:
XX Mn
MEMA:
CAGR: XX%
XX Mn
CAGR: XX%

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 Drivers (1/2)

Rising prevalence of cancer patients & Malnutrition

 Growth is also expected to be aided by favorable reimbursement rules in a number of nations. In the United States, the CMS covers a
variety of surgeries and treatments that require IV bags. Similarly, in other nations, various government organizations cover some
aspects of treatment processes, which is likely to boost IV bag sales.

 The rising frequency of chronic diseases such as cancer has a favourable impact on the usage of parenteral nutrition in the United
States. In patients suffering from an illness, parenteral nutrition entails the administration of critical nutrients that aid in the
maintenance of strength, energy, and hydration levels.

 According to WHO figures, cancer claims the lives of 8.2 million people per year, accounting for 13.0% of all fatalities globally.
Furthermore, during the following two decades, the proportion of cancer cases is expected to rise by 70.0 percent. A major driver is the
rising prevalence of cancer. In general, cancer causes an increase in the incidence of stomach ulcers, disruptions in normal GI tract
function, and the formation of physical blockages, all of which increase the need for parenteral nutrition.

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 Drivers (2/2)

Environment-friendliness of non-PVC IV bags

 Government agencies of various countries are taking several steps to reduce the usage of phthalate IV bags wherever possible, without
compromising patient safety. For instance, Denmark introduced a national ban on Di-(2-ethylhexyl) phthalate (DEHP), Dibutyl Phthalate
(DBP), Dibp Plasticizer (DIBP), and Butyl Benzyl Phthalate (BBP) under its national phthalate strategy, which was initially set for
December 2013 and was later postponed to 2015.

 The Danish Health and Medicines Authority (DHMA) announced certain set of guidelines pertaining to usage of particular types of
phthalates in medical devices. The aim of these initiatives was to ensure continued reduction in use of classified phthalates in medical
devices. Similarly, in May 2006, the Federal Institute for Drugs and Medical Devices of Germany issued a recommendation for hospitals
to minimize or avoid the use of DEHP containing medical devices for specific population groups, such as premature babies, infants,
children, adolescents, pregnant women, and nursing mothers.

 The recommendation necessitates manufacturers to opt for the production of alternative products that are PVC-free and non-toxic.
Such government initiatives are expected to aid growth of the market during the forecast period.

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 Drivers and Restraints Impact Analysis

Drivers
High

D1 Rising prevalence of cancer patients

and Malnutrition

Environment-friendliness of non-PVC IV
Impact on Market Growth Rate

D2 bags

D3 Favorable reimbursement policies

Likely Growth

Restraints

R1 Stringent regulations

R2 Chemical leaching from PVC bags

Low

R3 High cost of non-PVC bags

Low Impact on Market Value High

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 PORTER’S FIVE FORCES ANALYSIS

Analysis Outcome
 The Porter’s five forces model studies the five identified
competitive forces that shape every industry and market, in
SU TH order to determine the intensity of the competition, and
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thus, the profitability and attractiveness of the industry.

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competitive forces in a manner that may improve the

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position of the organization. This study includes an

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exhaustive Porter’s five forces framework, incorporating

COMPETITIVE the factors influencing each force, to analyze the market
RIVALRY from a microeconomic perspective.
 In the study, Porter’s five forces are analyzed considering
the factors influencing each force and quantifying the
High factors, through primaries and quantitative analysis. The
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quantified factors are further mapped out, to derive the

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impact of each force on competitive dynamics.

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