Europe Empty Iv Bags Market Size & Outlook, 2021-2030
Europe empty iv bags market, 2018-2030 (US$M)
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Europe empty iv bags market highlights
- The Europe empty iv bags market generated a revenue of USD 1,076.1 million in 2021.
- The market is expected to grow at a CAGR of 8.1% 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, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 1,076.1 million |
| Market revenue in 2030 | USD 2,175.7 million |
| Growth rate | 8.1% (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, Europe region accounted for 25.6% 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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Europe 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 50.83% in 2021. Horizon Databook has segmented the Europe empty iv bags market based on pvc, non-pvc covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held a significant market share of around 25.68% in 2020 owing to the presence of various key players in the region, increasing prevalence of cancer, and supportive government initiatives. For instance, as per WHO, more than 3.7 million new cases are diagnosed, and 1.9 million deaths occur due to cancer every year.
Moreover, it also reported that cancer is the second major cause of morbidity and death in the region. Non-PVC empty IV bags market is anticipated to witness the fastest growth over the forecast period.
Extensive efforts being undertaken by the European Commission to control hazards caused by the usage of phthalates and PVC as raw materials in the production of medical devices are boosting the market. For instance, in 2012, a ban was announced on the use of phthalates in manufacturing of medical devices by the government of France, which was imposed in 2015.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe empty iv bags market , including forecasts for subscribers. This continent databook contains high-level insights into Europe empty iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe empty iv bags market size, by country, 2018-2030 (US$M)
Europe Empty IV Bags Market Outlook Share, 2021 & 2030 (US$M)
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