Intravenous Product Packaging Market Report
Global Intravenous Product Packaging Market, Dynamics, Trends, and Market Analysis See less
Global Intravenous Product Packaging Market, Dynamics, Trends, and Market Analysis
The report on the Global Intravenous Product Packaging Market is segmented By Product (IV bags, Cannulas), By Application (Hospitals, Clinics, ASCs, Home care, Military), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global intravenous product packaging market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Intravenous Product Packaging Market is segmented By Product (IV bags, Cannulas), By Application (Hospitals, Clinics, ASCs, Home care, Military), and Region. This market research report provides in-depth ...
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.
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 operating in the global intravenous product packaging market are-
The rising geriatric population as well as a surge in chronic diseases, due to the lifestyle change are likely to propel the product demand.
By product, the intravenous product packaging market has been bifurcated into IV bags and cannulas.
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.
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.
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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.