According to a new report, published by KBV research, The Global Empty IV Bags Market size is expected to reach $6.7 billion by 2028, rising at a market growth of 7.8% CAGR during the forecast period.
The PVC segment is leading the Global Empty IV Bags Market by Product in 2021 thereby, achieving a market value of $3.6 billion by 2028. When it comes to the production of films for flexible parenteral packaging, PVC is one of the primary polymers that is employed. It is a common material because it has a variety of beneficial technical features, it is simple to deal with, and it is manufactured at a relatively low cost. In addition, PVC empty IV bags find widespread use in the packaging of rehydration solutions. These solutions include sodium chloride, lactated Ringer's solution, glucose, sterile water, parenteral nutrition, antibiotics, and analgesics for use in hospitals and veterinary practices, amongst other applications.
The North America market dominated the Global Empty IV Bags Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.8 billion by 2028. The Europe market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 8.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/empty-iv-bags-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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