Inkwood Research anticipates that the Global Non-PVC IV Bags Market is evaluated to project a CAGR of 7.23% in terms of revenue during the forecasting years of 2021-2028.
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An intravenous bag (IV) bag is a sterile
bag that holds fluids administered to a patient through intravenous therapy.
These fluids can vary from medicines to saline. In terms of PVC IV bags, the
packing materials and interaction of drugs are major concerns. Hence, there is
a growing demand for non-PVC IV bags, given their eco-friendly nature and
materials.
Eco-Friendly
Nature of Non-PVC IV Bags propels Market Growth
PVC IV bags are gaining a bad reputation in
the medical sector due to the phthalates leaching from equipment, which is
hazardous to human health and the environment. At the same time, their disposal
can lead to toxic HCL production. Such aspects contribute to acid rains. As a
result, companies manufacture IV bags free of PVC, with environmental-friendly
disposal, inertness required for IV medications, moisture-barrier, and thermal
stability. For instance, Kaiser Permanente, as of January 2012, is adopting
eco-friendlier PVC-free alternatives with regard to its IV medical equipment.
Therefore, the healthcare industry’s significant strides to protect the safety
and health of the patient population contribute to the global non-PVC IV bags
market growth.
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Fastest-Growing
Material: Polypropylene
Non-PVC materials like EVA (Ethylene Vinyl
Acetate) have limitations like autoclaving sterilization. Polypropylene
materials, unlike EVA, withstand autoclaving sterilization. For example, Kraton
Performance Polymers develops ERS EBS bags that are resistant to steam
sterilization. The other characteristics of polypropylene include
low-temperature impact strength, flexibility, heat sealability, withstanding
varied fluids, and transparency.
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North
America is the Largest Revenue-Generating Region
North America has several market players
making progress in developing efficient IV bags. Also, several academic
universities receive research grants for developing product alternatives. In
addition, government initiatives to curb the use of phthalate bags, patient
well-being, and environmental concerns offer ample growth opportunities.
Moreover, there is a surging demand for bio-degradable IV bags, further contributing
to market growth.
Given their toxic nature, the rising bans
on PVC IV bags are leading to a shift in manufacturing capabilities from PVC IV
bags to non-PVC IV bags. This further intensifies the degree of competitive
rivalry. Baxter International Inc, B Braun Melsungen AG, Fresenius Kabi, Kraton
Corporation, Pfizer Inc, etc., are among the key market players.
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