Asia Pacific Empty Iv Bags Market Size & Outlook
Asia Pacific empty iv bags market, 2018-2030 (US$M)
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Asia Pacific empty iv bags market highlights
- The Asia Pacific empty iv bags market generated a revenue of USD 788.6 million in 2021.
- The market is expected to grow at a CAGR of 9.1% from 2022 to 2030.
- In terms of segment, pvc was the largest revenue generating product in 2021.
- Non-PVC is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 788.6 million |
| Market revenue in 2030 | USD 1,729.3 million |
| Growth rate | 9.1% (CAGR from 2021 to 2030) |
| Largest segment | Pvc |
| Fastest growing segment | Non-PVC |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PVC, Non-PVC |
| Key market players worldwide | Baxter International Inc, B. Braun, ICU Medical Inc, JM Holdings Co Ltd, Fresenius SE & Co KGaA, BD |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.8% of the global empty iv bags market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,729.3 million by 2030.
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Empty IV Bags Market Scope
Empty IV Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific empty iv bags market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to empty iv bags market will help companies and investors design strategic landscapes.
Pvc was the largest segment with a revenue share of 51.04% in 2021. Horizon Databook has segmented the Asia Pacific empty iv bags market based on pvc, non-pvc covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific empty IV bags market is anticipated to witness the fastest growth over the forecast period owing to increasing healthcare expenditure, rising patient awareness, and growing need for technologically advanced & cost-efficient healthcare solutions. Moreover, rising elderly population and subsequently growing burden of chronic diseases is expected to boost the demand for empty IV bags in Asia Pacific in the coming years.
As per United Nations Sexual and Reproductive Health Agency (UNFPA) report, the number of aging population in the APAC region is rising at an unprecedented rate and by 2050, one in four people in this region will be over 60 years, reaching close to 1.3 billion people.
It was also reported that cardiovascular diseases, diabetes, and cancer are the most common diseases in this region. The presence of a large patient base and growing need for technologically advanced & cost-efficient healthcare solutions is expected to present significant regional growth opportunities for the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific empty iv bags market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific empty iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific empty iv bags market size, by country, 2018-2030 (US$M)
Asia Pacific Empty IV Bags Market Outlook Share, 2021 & 2030 (US$M)
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