The Europe Empty IV Bags Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
Patients suffering from conditions such as stomach cancer are rendered unable to consume food orally; hence, the application of parenteral solutions and their administration is made in order to fulfill the nutritional requirements of such patients and ensure that they continue to live. This, in turn, might result in an increase in the demand for EVA infusion bags, which would translate to a faster rate of growth in the market for empty IV bags, which would ultimately lead to greater growth.
In addition to these reasons, the availability of systems connected to innovative medication delivery and its acceptance, as well as new technological advancements, are additional driving factors that are projected to assist in the expansion of the market for empty IV bags in this area.
There has been an increase in the demand for empty IV bags since these bags are often used to deliver therapy that is necessary for the maintenance of blood pressure and the prevention of becoming dehydrated. They are also utilized as a supplementary method to provide patients with nutrients and medications that cannot be given in the form of oral administration.
Each year, the medical technology industry in the UK has a turnover of roughly $30 billion. It is supported by a solid foundation of mostly small to medium-sized enterprises located all across the nation, with concentrations of activity in regions like the South East of England and the Midlands. The United Kingdom is home to the headquarters or subsidiaries of a large number of multinational corporations, including many of the most successful medical technology firms in the United States. The medical technology sector in Germany is the third biggest in the world, behind only that of the United States and Japan, and the country is also the largest market in Europe. One of the most profitable healthcare marketplaces in the world is located in Germany, and its medical device sector accounts for around 35.8 billion USD annually, which is equivalent to 25.6% of the overall market in Europe. It is anticipated that the continually growing medical equipment sector of the area would provide support to the expansion of the regional market for empty IV bags.
The Germany market dominated the Europe Empty IV Bags Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $438 Million by 2028. The UK market is anticipated to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Empty IV Bags Market will Hit $6.7 Billion by 2028, at a CAGR of 7.8%
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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