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    Intravenous Product Packaging Market Report

    Intravenous Product Packaging Market Report
    Report code - SRHL331 Delivery - 2 Weeks
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    Global Intravenous Product Packaging Market, Dynamics, Trends, and Market Analysis
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    Impact of COVID-19 on Intravenous Product Packaging Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Intravenous Product Packaging Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Intravenous Product Packaging Market is projected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over 6.2% during the forecast period.

    Figure: Global Intravenous Product Packaging Market Size, 2020-2026 (USD Billion)

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    What is Intravenous Product Packaging?

    The intravenous products are clinic gadgets which are used in forestalling, helping, and treatment of the different issue, for instance, ostomy, ophthalmic ailments, malignant growth, and respiratory maladies. These devices are used to convey supplements, liquids, medications, such as antipyretics, anti-infection agents, and analgesics. The packaging items are primarily used in blood transfusions and the amendment of electrolyte incongruities in patients.

    Key Players

    Key players operating in the global intravenous product packaging market are-

    • Baxter (The U.S),
    • Nipro (Japan),
    • Renolit (Germany),
    • Sippex (France),
    • Wipak (Finland), Amcor (Switzerland),
    • B.Braun Medicals (Germany),
    • Dupont (The U.S),
    • MRK Healthcare (India), and
    • Minigrip (The U.S).

    Market Dynamics

    The rising geriatric population as well as a surge in chronic diseases, due to the lifestyle change are likely to propel the product demand.

    • Also, the key participants have set up distribution channels to facilitate the easy flow of business, resulting in minimized overall run cost, which spurs the market growth.
    • However, the presence and availability of many alternative products coupled with low awareness among medical professionals, mainly in emerging countries are likely to hamper the industry growth.

    Segment Analysis

    Product Trends

    By product, the intravenous product packaging market has been bifurcated into IV bags and cannulas.

    • Under these, the IV bags segment garnered the largest market share in 2020 and is likely to register a healthy CAGR in the coming years.
    • IV fluid bags are primarily used to hold intravenous liquid, which is mainly used for purposes including correcting electrolyte imbalances, maintaining the basal hydration level, and expanding the intravenous volume in the hypovolemic state of a patient, thus boosts the segment growth.

    Regional Trends

    By region, the North America market witnessed the highest market share in 2020 and is projected to grow at a steady CAGR during the review period.

    • This is mainly attributed to presence of a large number of industry players, increasing income, and strong R&D investments in the region, which augments the regional growth.
    • In addition, changing demographics such as the rising awareness of diseases, and a growing number of minimally invasive surgeries, and presence of well-established health care infrastructure has further driven the regional demand for intravenous product packaging.

    COVID-19 Impact on Global Intravenous Product Packaging Market

    The ongoing COVID-19 pandemic has positively influenced the intravenous product packaging industry. The coronavirus surge has witnessed the medicinal services segment battle with issues of deficiencies of medical devices and raw material supply, particularly with regards to pharmaceutical bundling and PPE kit for clinic staff. Thus, there is a need for sterile medical packaging, thus drives the product demand.

    Critical Questions Answered in the Report

    • What are the key trends in the global intravenous product packaging market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global intravenous product packaging market?
    • What are the key strategies adopted by the major vendors to lead in the global intravenous product packaging market?
    • What is the market share of the top vendors?

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    Target Audience

    • Intravenous product packaging companies
    • Hospitals
    • R&D labs
    • Medical devices companies
    • NGOs

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The intravenous product packaging market is expected to witness an impressive growth of 6.2% CAGR in the foreseeable future.

    Baxter (The U.S), Nipro (Japan), Renolit (Germany), Sippex (France), Wipak (Finland), Amcor (Switzerland), B.Braun Medicals (Germany), Dupont (The U.S), MRK Healthcare (India) and Minigrip (The U.S) are among the key players in the intravenous product packaging market.

    The IV bags segment is expected to register a healthy growth in the intravenous product packaging market in the coming years.

    North America witnessed the highest share in the intravenous product packaging market in 2020.

    Rising geriatric population as well as a surge in chronic diseases are the factors driving the growth of intravenous product packaging market.

    Intravenous product packaging companies, Hospitals, R&D labs, Medical devices companies, NGOs are the target audience in the intravenous product packaging market.

    •