IV Bag Market

Global IV Bag Market Outlook for 2024 to 2034

The global IV bag market value is estimated to be USD 1.9 billion in 2024 according to the updated industry analysis report. One of the key forces propelling the demand for IV bags forward is the growing need for preventative measures to address problems like incorrect dose delivery and the increased need for cutting-edge IV containers.

The overall market is predicted to grow at a moderate CAGR of 6.1% over the next ten years. By 2034, analysts anticipate the global IV bag industry is expected to be worth USD 3.4 billion. IV bag companies are also expected to adopt new strategies that emphasize relevant consumer marketing and selling across expanding channels.

Report Attribute	Details
IV Bag Market Size (2024)	USD 1.9 billion
Market Anticipated Forecast Value (2034)	USD 3.4 billion
Market Projected Growth Rate (2024 to 2034)	6.1% CAGR

IV Bag Market Trends & Analysis

• IV bag costs around USD 1, while alternative products such as infusion pumps cost around USD 2300. The easy availability and affordability of IV bags have made them a widely preferred parenteral packaging solution. A significant number of countries across the globe have limited capacity in terms of procuring infusion pumps for intravenous therapy, due to which the demand for IV bags is strengthening globally.
• The need for blood storage is another important factor driving the demand for the IV bags market, as blood stored in the IV bags can be important for saving the life of a patient during critical times. The increasing penetration of medical facilities in underdeveloped areas of many countries is expected to soar the global medical fluid bags and IV bags demand over the forecast period.

Global IV Bag Market Historical Analysis Vs Forecast Outlook

The global empty intravenous (IV) bag market was valued at USD 1.5 billion in 2019. According to the industry survey report the sales of IV bags on average surged at 5% per year between 2019 and 2023. The overall market value was about USD 1.8 billion by 2023.

The IV bag industry has recovered from a turbulent time during this period made worse by the COVID-19 issue. However, the pandemic period in 2020 probably helped them to build their portfolios and place their brands and categories on the winning side of disruptive developments.

Attributes	Details
Empty IV Bag Market Value (2019)	USD 1.5 billion
Market Revenue (2023)	USD 1.8 billion
Market Historical Growth Rate (CAGR 2019 to 2023)	5% CAGR

Prominent Opportunities and Challenges Impacting the Growth of the Global IV Bag Market

Leaders in the IV bag industry are beginning to structure their supply chains around cost-saving measures that don't compromise product quality or client accessibility.

Due to their capacity to satisfy skill and quality requirements, nations like Malaysia and Costa Rica have developed into lucrative manufacturing hubs. In response, the governments of these nations have responded positively to such initiatives by providing a range of incentives in an effort to draw in multinational firms.

Many authorities are concerned that leaving the IV bag needle in place for an extended length of time increases the danger of infection and vein collapse. An imbalance in nutrients in the patient's body may also result from inadequate monitoring of the intravenous treatment and is expected to hamper the growth of the market.

Country-wise Insights

The table below lists the countries that are expected to present higher growth opportunities for IV bag market players.

Regional Market Comparison	CAGR (2024 to 2034)
United States	4.1%
Germany	4%
United Kingdom	5.4%
India	7.6%
China	7.1%

The United States IV Bag Market Players are Adopting Leading-edge Technologies

The United States is expected to lead the global market over the forecast period by thriving at a CAGR of 4.1%.

• An increased incidence of chronic diseases and the aged population has increased the need for IV bags and intravenous treatments in the country.
• IV bag producers in the United States are increasing their chances of success by employing a rigorous, data-driven approach.

The United Kingdom Market is Progressing with Growing Healthcare Sector

The regional demand for IV bags in the United Kingdom is expected to increase at a rate of 5.4% per year till 2034.

• The extension of home healthcare services in the country has surged the need for bagged IV solutions to give patients easy access to intravenous therapy.
• The replacement of PVC material with eco-friendly materials is expected to provide development opportunities for disposable IV bags in the regional market.

Chinese Manufacturers are Benefiting More from IV Bag Exports to Other Countries

Production and sales of infusion bags in China are expected to rise at a robust CAGR of 7.1% from 2024 to 2034.

• The need for IV bags in hospitals and surgical facilities is a result of the frequent need for intravenous fluids during surgical operations.
• Improving healthcare infrastructure in Asia as well as Africa and the Middle East has increased the export of small IV bags from China.

Germany Remains the Favorable Country for European IV Bag Manufacturers

The growth of IV bag sales in Germany is expected to remain moderate over the forecast period by following a 4% CAGR.

• Many European IV bag manufacturers still prefer to operate in Germany due to local favorable rules or the desire to remain near to their clients in the healthcare sector.
• Regional players are adopting a new operating model that emphasizes consumer closeness and clever productivity improvements to drive commercial investments.

India to Emerge as Most Lucrative Market for IV Therapy Bag Suppliers

The IV bag sales in India are projected to increase at the most lucrative annual rate of 7.6% between 2024 and 2034.

• In developing countries, like India, where patient to staff ratio is low, the sales of IV bags thrived at a moderate rate in the past decades.
• Economic development and higher investment in strengthening healthcare infrastructure have boosted sales in recent years.

Category-wise Insights

Single-chambered IV Bags Dominate over Multi-chambered IV Solution Bags

Based on chamber type, the single chamber segment is estimated to contribute to 87.9% share of the global sales.

Attributes	Details
Top Chamber Type or Segment	Single Chamber
Market share in 2024	87.9%

• The higher use and low cost of IV bags with single chambers make it the leading segment in the global market.
• By improving utility and safety, advanced designs, like multi-chamber bags and better materials, can make IV bags more desirable to medical professionals.

IV Bags are sought more during Intravenous Therapies at Healthcare Institutes

Based on application, intravenous therapies have emerged as the key market segment with principal application in hospital care. The supply of IV bags used for intravenous therapy is estimated to account for 82.8% of the total sales in 2024.

Attributes	Details
Top Application Type or Segment	Intravenous Therapies
Market share in 2024	82.8%

• IV bags are also useful in intravenous therapy for delivering medications and for blood transfusion directly to veins as patients suffering from diarrhea and fever are prone to experience low electrolyte levels.
• Integrity and high-performance quality are necessary features for products supplied in the parenteral bags and nutrition packaging segment.

Competitive Landscape for the IV Bag Market

IV bag manufacturing plants are usually found in lucrative markets, such as those in North America and Europe. However, in light of new developments, many industry leaders are currently reevaluating their approaches to serve the growing demand in emerging economies of Asia, Latin America, and Africa.

Recent Developments in the Global IV Bag Market

In Feb 2023, Bowmed Ibisqus Company introduced Levofloxacin fluid bags in a ready-to-use format. To shield the fluid from light, the bag is wrapped with foil, which also serves as a showcase for the important product details.

Winpak Ltd. and Wipak Walothen GmbH came together in April 2021 to launch their new brand Wiicare. The firms declared to provide healthcare packaging solutions, including medical fluid containers under this global brand.

Key Players Profiled in the IV Bag Market Report

• Mountainside Medical Equipment
• Kraton Performance Polymers Inc.
• Renolit, Angiplast Pvt. Ltd
• Medline Industries, Inc.
• Baxter
• Sippex IV Bag
• Wipak Group Management
• B. Braun Medical Inc.
• ICU Medical, Inc.
• Guangdong Lejin Medicine Co., Ltd
• Fresenius Kabi Group

Key Coverage in the IV Bag Market Report

• Adjacent study on medical bags market size, Non-PVC IV bags market size, and Flex Plastic IV bags market size.
• Demand analysis of IV bag filling machines.
• Growing impact of IV bag monitoring and alert systems.
• Coalescence of IV bag and Bottle Rubber Stopper Markets

IV Bag Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 1.9 billion
Projected Market Size (2034)	USD 3.4 billion
Anticipated Growth Rate (2024 to 2034)	6.1%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Material Type, By Application, By IV Bag Size, By Chamber Type, By End Use, and By Region
Key Companies Profiled	Mountainside Medical Equipment; Kraton Performance Polymers Inc.; Renolit, Angiplast Pvt. Ltd; Medline Industries, Inc.; Baxter; Sippex IV bag; Wipak Group Management; B. Braun Medical Inc.; ICU Medical, Inc.; Guangdong lejin medicine Co., Ltd; Fresenius Kabi Group
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Segments Covered by IV Bag Industry Survey Report

By Material Type:

• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Ethylene vinyl acetate (EVA)
• Polypropylene (PP)
• Copolyester Ether
• Other Materials

By IV Bag Size:

• Less than 250 ml
• 250 ml to 500 ml
• 500 ml to 1000 ml
• More than 1000 ml

By Chamber Type:

• Single Chamber
• Multiple Chamber

By Application:

• Parenteral Nutrition
• Intravenous Therapies

By End Use:

• To correct electrolyte imbalances
• To deliver medications
• Blood transfusions
• Blood Storage
• Other End Uses

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Global IV Bag Market Currently?

The global IV bag market is estimated to be around US$ 1.9 billion in 2024.

What is the Growth Outlook of the IV Bag Market?

The global IV bag market is to grow at 6.1% during the forecast period.

What is the projected Value of IV Bag Market by 2033?

The global IV bag market is predicted to be valued at US$ 3.4 billion by 2034.

What was the Historical Size of the IV Bag Market?

The global IV bag market was valued at US$ 1.5 billion in 2019.

Which Regional IV Bag Market has the Highest Growth Potential?

India is predicted to witness a CAGR of 7.6% in sales of IV bags through 2034.