An IV is a bag made of plastic layers, used for intravenous therapies and parenteral nutrition. These bags are used for effective supply of medications and nutrition directly into the blood.
IV bags are either single chambered or multiple chambered. Multi-chambered IV bags are preferred for intravenous therapy wherein a combination of medications has to be delivered to the patient.
Multi Chamber IV bags are designed with materials such as non-PVC film with easy peel off/fast seal properties used as much as possible in healthcare industry for any emergency situations. In Pharmaceuticals, multi chamber IV bags are having prominent usage for excellent stability, endurance for high pressure, outstanding transparency, toughness and thermal sealing which are also reusable.
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Multi Chamber IV Bags Market: Dynamics
The factors driving the multi chamber IV bags market are growing healthcare and personal care business coupled with increasing awareness about hygiene in medical facilities.
Multi Chamber IV Bags market are designed in separate sectors that are dual functionally used for patients safety in healthcare industry as they reduce risk of inappropriate supervision and contamination of separate nutrients. Also the multi chamber IV bags are very useful in pharmaceuticals industry as they have very low waiting time in opening hours of manufacturing units reducing the inefficiency of normal IV bags that are regularly used in market.
Multi Chamber IV Bags have significant usage in the healthcare departments in hospitals as they provide “All in One” feature by circulating vitamins and dietary minerals as constant supply in patients. Besides, the demand for medical specialty bags (Multi Chamber IV Bags Market) is expected to increase due to the rapidly aging population, increasing incidence of chronic diseases, and rising healthcare expenditure. Polypropylene material is highly preferred in manufacturing of Multi chamber IV bags due to its resistivity to chemicals and heat. Polypropylene is also an oxygen barrier which nullifies the chance of oxidation of supply fluids. Such material is beneficial in handling the blood and other body fluids.
Multi Chamber IV Bags Market: Segmentation
The Multi chamber IV bags market is segmented on the basis of three factors which are material, end-use and size.
The types of material use in manufacturing Multi chamber IV bags are
- Polyvinyl Chloride
- Others (Copolyester Ether & EVA)
End-use application of Multi chamber IV bags includes
- Parenteral Nutrition
- Intravenous Therapies
The market of Multi chamber IV bags are fragmented on the basis of size
- 0-250 ml
- 250-500 ml
- Above 1000 ml
Multi Chamber IV Bags Market: Regional Outlook
On a global scale, developed economies such as North America as well as high growth economies in Asia-Pacific such as India and China are contributing a major share to the Multi chamber IV bags market primarily due to enhancement in healthcare and personal care sector. The adoption of non-PVC bags in the North American region is high owing to rising acceptance of innovative healthcare technologies, high disease prevalence, better reimbursement policies, and increasing investments for improving healthcare infrastructure. Rising geriatric population, increasing consumption of unhealthy food, and low awareness are expected to aid growth the regional market.
Asia Pacific Multi Chamber IV bags market is anticipated to witness the fastest growth over the forecast period owing to increasing healthcare expenditure, rising patient awareness, and growing need for technologically advanced & cost-efficient healthcare solutions. As per Non-communicable diseases (NCD) burden in the South-East Asia Region Regional Action Plan and Targets, 2014 (WHO), approximately 7.9 million people die due to various NCDs in this region. It also reported that cardiovascular diseases, diabetes, and cancer are common in this region. All these factors contributes in increasing demand for multi chamber IV bags over the forecast period.
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Multi Chamber IV Bags Market: Key Players
Some of the key players on a global level in Multi chamber IV bags market are B Braun Melsungen AG, Baxter International Inc., Hospira Inc., West Pharmaceutical Services Inc., Fresenius SE & Co KGaA, Sippex, The Metrix Company, Medicopack A/S, Otsuka Pharmaceutical India Private Limited, Alfa Laboratories, and Qosina Corporation.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Multi chamber IV bags market segments and geographies.
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