Intravenous Product Packaging Market Report

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

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