Technavio, a tech-focused market research firm, has published a new report on the global IV fluids bags market, which is expected to experience a slow but steady CAGR of close to 2% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global IV fluids bags market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global IV fluids bags market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global IV fluids bags market for 2015 (market share %)
|
Americas |
41.77% |
|
EMEA |
34.71% |
|
APAC |
23.52% |
Source: Technavio
The Americas: largest revenue generating region for IV fluids bags
The global IV fluids bags market in the Americas was valued at around $652 million in 2015 and is predicted to grow at a CAGR of more than 5% by 2020. The increase in older adult population and growing awareness about chronic diseases such as HIV and cancer will lead to the growth of the American market. North and South America will emerge as the key revenue generating areas in this region. The implementation of the Affordable Care Act (ACA) aims to reduce cost, increase access, and improve the quality of healthcare available and this will boost the demand for IV fluid bags in the American market.
“The American market is driven by the well-developed healthcare infrastructure for diagnostics and treatment. The availability of IV fluids in multi-chamber bags is one of the factors propelling demand across the region. The vendors in the region are focusing on the development of light injection to meet the rising requirement for IV treatments at home. The high prevalence of chronic diseases, such as cancer and HIV, in the region will increase the demand for IV fluid bags during the forecast period,” says Amber Chourasia, a lead analyst at Technavio, specializing in research on health and wellness.
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IV fluid bags market in EMEA
The global IV fluids bags market in EMEA was valued at almost $542 million in 2015 and is predicted to grow at a CAGR of more than 6% by 2020. The rising awareness about health issues and high disposable income in the European region will lead to the growth of the market in this region. The adoption of improved and better mode of sales and distributions is enabling vendors to offer better customer services in this region. The requirement for medical intervention including IV fluids is increasing due to the presence of a large number of age-related chronic diseases like skin disorders, kidney diseases, and cancer. Countries like Germany, the UK, France, and Netherlands will emerge as the key revenue generators in this region. The manufacturers are focusing on providing consistent and convenient solutions that convey a combination of quality assurance, tamper resistance, and patient comfort. The introduction of major health insurance plans, liberalization, and the aspirations of governments to become independent in the manufacture of medical devices in the Middle East will boost the demand for these products in the area.
IV fluid bag market in APAC
The global IV fluids bags market in APAC was valued at around $367 million in 2015 and is predicted to grow at a CAGR of almost 7% by 2020. The increasing number of government initiatives toward healthcare with the aim to increase awareness will make APAC the fastest growing region in the market. Countries like India, Japan, China, Australia, the Philippines, Singapore, and Indonesia are the primary revenue contributors in this region. The government in India and China is taking initiatives to enhance the quality of medical products manufactured in these countries. The vendors are also focusing on providing cost-efficient, and standard solutions and adequate reimbursement policies, which, in turn, is driving hospitals and consumers to look for cost effective solutions for therapeutic drugs. The research and development to provide innovative IV fluids and delivery mechanism will fuel the growth of this market segment.
The top leading vendors operating in the global IV fluids bags market are:
- B. Braun Melsungen
- Baxter
- Hospira
- SIPPEX
Other prominent vendors in the market include Amcor, DiaMedicalUSA, Fresenius Kabi, JW Life Science, MRK Healthcare, Minigrip, Nipro, Renolit, Smith Medical, Terumo, Technoflex SA, and Wipak.
A more detailed analysis is available in the Technavio report titled, ‘Global IV Fluids Bags Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Intravenous Product Packaging Market 2016-2020
- Global Enteral Feeding Bags Market 2016-2020
- Global Intravenous Solutions Market 2016-2020
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