The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global IV Bags Market Dynamics:
The increasing geriatric population is one of the key factors, driving the global IV bags market. As this population base is extremely susceptible to several diseases and health conditions, they will create a demand for IV bags. Old-aged people typically find it difficult because of their many health conditions, to administer vital nutrients orally as well as administer drugs orally. Consequently, for the efficient administration of drugs and nutrients IV bags are required. IV drugs are gradually being favored as compared to oral drugs because they generate faster results and are highly accurate. IV bags are very crucial for parenteral nutrition as they are widely preferred for the administration of amino acids and other compounds.
Global IV Bags Market Segment Analysis:
According to Material Type, the PP segment is expected to be dominant during the forecast period because of its chemically inert and non-reactive nature with the packaged solution. Conversely, the PVC segment is predicted to lose its market share because of the risk of release of toxins in the packaged solution.
The global IV bags market is very fragmented. But, players are also considering strategic M&A, collaborations, and partnerships, which may consolidate the competitive landscape of the global IV bags market to a certain extent. The competition also runs high in the market as leading players within the market are trying hard to grow innovative products for gaining a competitive advantage.
Global IV Bags Market Regional Insights:
Geographically, North America is the leading region in the market and is anticipated to exhibit a year-on-year growth of US$ XX Mn throughout the forecast period from 2019 to 2027. The North America IV bags market will enlarge at a XX % CAGR from 2019 to 2027 contributed primarily by the U.S. Europe is also likely to be one of the key markets for IV bags and exhibit a XX % CAGR between 2019 and 2027. It is estimated that the European IV bags market will be worth US$XX Mn by 2027. However, all the other regions will be left behind by the Asia Pacific in terms of growth rate, because Asia Pacific is expected to register a CAGR of XX % during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global IV bags market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to the emerging segment in the global IV bags market.
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Scope of the Global IV Bags Market Report:
Global IV Bags Market, By Material Type
• Others (Copolyester ether, EVA, etc.)
Global IV Bags Market, By Capacity Type
• 0-250 ml
• 250-500 ml
• 500-1000 ml
• Above 1000 ml
Global IV Bags Market, By Chamber Type
• Single Chamber
• Multi Chamber
Global IV Bags Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global IV Bags Market:
• B.Braun Melsungen AG
• Baxter international Inc.
• Hospira Inc.
• West Pharmaceutical Services Inc.
• Wipak Group
• Technoflex S.A.
• Fresenius SE & Co. KGaA
• Sippex, Polycine GmbH
• Kraton Corporation
• The Metrix Company
• Medicopack A/S
• Macopharma SA
• Haemotronic S.p.A
• Renolit Solmed
• Otsuka Pharmaceutical India Private Limited
• Alfa Laboratories
• Qosina Corporation.
• Pfizer Inc
• ICU Medical, Inc.
• JW Life Science and Angiplast Pvt. Ltd.
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