Empty Intravenous (IV) Bags Market: By Material Type (Polyethylene (PE), Polyvinyl Chloride (PVC), Ethylene vinyl acetate (EVA), Polypropylene (PP), Copolyester Ether and Other Materials), By IV Bag Size (Less than 250 ml, 250 ml to 500 ml, 500 ml to 1000 ml and More than 1000 ml), By Chamber Type (Single Chamber and Multiple Chamber), By Application (Parenteral Nutrition and Intravenous Therapies) By End Use (To correct electrolyte imbalances, To deliver medications, Blood transfusions, Blood Storage and Other End Uses), Geography

Empty Intravenous (IV) Bags Market size was valued at USD 5,389.2 million in 2023 and poised to grow at 9.3% CAGR from (2024-2030). Empty intravenous (IV) bags are sterile containers used to hold fluids for intravenous administration to patients. They are crucial in various medical settings, including hospitals and clinics, for the delivery of medications, nutrients, and other essential fluids. The rising incidence of chronic diseases such as cancer and diabetes, which require regular administration of medications via IV, boosts the demand for IV bags. Moreover, the rising incidence of chronic diseases such as cancer and diabetes, which require regular administration of medications via IV, boosts the demand for IV bags. However, the cost of high-quality IV bags and their production can be a significant barrier, particularly in developing regions. Whereas, expanding healthcare infrastructure in developing countries presents significant growth opportunities.

Empty Intravenous (IV) Bags Market Key Developments:

• In 2023, Baxter International Inc. received FDA approval for their new range of eco-friendly, non-PVC IV bags. These bags are designed to reduce environmental impact while maintaining the safety and efficacy required for medical use.
• In 2022, ICU Medical Inc. launched their innovative closed-system transfer devices (CSTDs) integrated with IV bags, enhancing safety by minimizing exposure to hazardous drugs.