IV Bags Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Single Chamber IV Bags, Multi-Chamber IV Bags), By Material Type (Polypropylene, Polyvinylchloride (PVC), Ethylene Vinyl Acetate, Copolyester Ether), By Size (500-1000 ml, 250-500 ml, Up to 250 ml), By Application (Blood Storage, Blood Transfusions, Medications, Electrolyte Imbalance), and Region Forecast 2019-2030

IV bags market size was valued at US$ 7,831.4 million in 2023 and is projected to reach US$ 14,782.2 million by 2030, growing at a CAGR of 9.5% from 2024-2030. In 2023, 35,140 million units were sold and are projected to grow at a CAGR of 5.7 % over the forecast years to reach 51,800 million units by 2030. Moreover, in the USA, US$ 1,799.5 million in 2023 and is projected to reach US$ 3,185.4 million by 2030, growing at a CAGR of 8.5% from 2024-2030. In 2023, 1,260 million units were sold and projected to grow at a CAGR of 3.8% over the forecast years.  

The market is witnessing rapid growth thanks to the increasing chronic diseases and aged population, increased surgeries, and preference for single-use bags to prevent infection. World healthcare expenditures are on the rise; while WHO reports that the aged population of developing nations and the growing requirement for IV solutions is on the increase. There are also limitations in the market, which may impact the expansion, such factors include the disposal of disposable plastic bags creating an environmental issue, expensive production processes, the setting of tight regulations, and competition from alternative treatments, among others. Manufacturers respond by designing eco-friendly, biodegradable versions that are also supported by grants from the government, such as the recent U.S. $10 million grant for sustainable medical products. There is also room for growth in emerging markets, such as healthcare investments.

Technologies include multi-chamber bags and IV bags suitable for home use that the NIH, with a $400 million funding initiative in the US, supports. Other current trends in the market are PVC-free bags, ready-to-use solutions, and customized products which reflect the continuing modernization of environmental and operational efficiency demands. Outsourcing production is also the new trend, and in the US, it grows by 8% annually and supports IV bag supply chains worldwide.

Key Players

The IV Bag Market size includes several companies, such as ICU Medical, Inc., Medline Industries, Inc., Kraton Corporation, Braun Melsungen AG, Otsuka Pharmaceutical Co. Ltd, Haemotronic S.p.A, Wipak Group, Fresenius SE & Co. KGaA, Polycine GmbH, and others. 

Key Takeaways

• Asia-Pacific is the fastest-growing region in the market.
• The Single Chamber IV Bags segment dominates the market with maximum market shares within the product type classification.
• Based on material, the segment is dominated by Polyvinyl Chloride (PVC). PVC is traditionally used as it is strong and flexible.
• The 500-1000 ml segment has the highest market share in terms of size.
• In terms of application, medications hold the largest share. IV bags, in this respect, play a crucial role in medication delivery across almost all kinds of treatment in hospitals, clinics, and home healthcare.

Facts and Figure

• It has been estimated that 30 percent of all plastic waste generated in health facilities comes from disposable items which raises ecological concerns.
• According to the World Health Organization, by 2030, in developing nations, the incidence of chronic diseases will increase by nearly 70%.
• According to the United Nations, the elderly population worldwide is expected to increase by 2050 and reach double, to 1.5 billion.
• According to the WHO, it is estimated that approximately 313 million surgeries take place every year worldwide.
• United States healthcare spending grew 4.1% to reach $4.5 trillion in 2022, faster than the increase of 3.2% in 2021, but much slower than the rate of 10.6% in 2020. 

Key Developments

• Feb 2023: Bowmed Ibisqus is launched Ready to Administer Levofloxacin Bag. The product provides a convenient 500mg/100ml dose in a 10 pack and customers might like this easier dose form and all the associated advantages in reducing glass waste. The foil overwrap has packed the bag with protection against light, and the overwrap will indicate essential product information.
• September 2021: B. Braun Melsungen AG acquires remaining minority interest of cofounders Jean-Philippe Gentes and Bertrand Bolduc in Sterinova Inc. From now on, the company is 100% owned by B. Braun Melsungen AG Sterinova will be continued as an independent subsidiary of B. Braun Melsungen AG.

IV Bags Market Segmentation

By Product Type: The Single Chamber IV Bags segment dominates the market with maximum market shares within the product type classification. Single chamber bags are widely used within various IV therapies for hydration, electrolyte balancing, and generally for simple medication administration within healthcare settings. They are convenient to use and relatively cheaper and hence suitable for standard procedures, mostly within areas of resource constraints where multi-chamber bags might be regarded as unnecessary or relatively costlier. Single-chamber bags meet most of the simple requirements of everyday clinical work and for that reason are at the leading position in not only developed but also developing healthcare systems.

By Material: Based on material, the segment is dominated by Polyvinyl Chloride (PVC). PVC is traditionally used as it is strong and flexible. Additionally, the cost-effectiveness of PVC also makes it a reliable choice for most healthcare providers. Even though environmentally related concerns and increased regulatory scrutiny have sparked dissent in favor of PVC use, it will continue to dominate application spaces, especially in regions where polypropylene or ethylene vinyl acetate is more expensive.

By Size: The 500-1000 ml segment has the highest market share in terms of size. This is the appropriate size for intravenous hydration and nutrient administration for adult patients who need large volumes of fluids.

By Application: In terms of application, medications hold the largest share. IV bags, in this respect, play a crucial role in medication delivery across almost all kinds of treatment in hospitals, clinics, and home healthcare. The need for this segment increases with the increasing percentage of chronic diseases and the growing number of surgeries, making medication-based IV bags critical in various settings of healthcare.