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The Asia Pacific Empty IV Bags Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Since the majority of such therapeutic agents are susceptible to interaction with plasticizers and have a tendency to translate into harmful agents, there is a thriving market for empty IV bags in the treatment of oncology processes, primarily for chemotherapy and targeted drug delivery. This is because the demand for empty IV bags is on the rise. The utilization of containers that do not contain plasticizers is one way to reduce the severity of this discordance. Polypropylene and ethylene-vinyl acetate are the two materials that go into the production of these bags. The market for empty IV bags is being driven by a number of other reasons, including technical advancements that improve service quality as well as a growth in the number of hospitals.
The nutrients in IV treatment are administered directly into the bloodstream rather than being taken orally, which means that they skip the digestive system and are thus completely absorbed. This results in larger concentrations of the nutrients, which in turn provide significant health benefits. Minerals, amino acids, and common vitamins such as B and C could be administered by IV treatment.
The lack of road safety is a significant barrier to global development, a threat to public health, and the primary reason for both deaths and injuries on a global scale. According to the Globe Health Organization, at least one out of every ten individuals who are murdered while traveling on roads throughout the world comes from India. According to the government of India, there have been a total of 4,12,432 registered road accidents in the nation during the year 2021. These incidents have resulted in the deaths of 1,53,972 people and the injuries of 3,84,448 other people. As a result, the market for empty IV bags is expected to grow in the Asia-Pacific region over the course of the projected period. This is mostly because to the increasing number of vehicular accidents that are occurring throughout the area's countries.
The China market dominated the Asia Pacific Empty IV Bags Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $485.6 Million by 2028. The Japan market is estimated to grow a CAGR of 8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.3% during (2022 - 2028).
Based on Product, the market is segmented into PVC and Non-PVC (Single Chamber and Multi Chamber). Based on Non-PVC Material Type, the market is segmented into Polypropylene, Copolyester ether, Ethylene-vinyl acetate, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Baxter International, Inc., B. Braun Medical Inc., ICU Medical, Inc., Becton, Dickinson and Company, Fresenius SE & Co. KGaA, Wipak Oy (Wihuri Group), Renolit SE, Technoflex, Medippex Group, and Polycine GmbH.
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