North America Empty Iv Bags Market Size & Outlook
North America empty iv bags market, 2018-2030 (US$M)
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North America empty iv bags market highlights
- The North America empty iv bags market generated a revenue of USD 1,984.4 million in 2021.
- The market is expected to grow at a CAGR of 8.5% 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, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 1,984.4 million |
| Market revenue in 2030 | USD 4,136.0 million |
| Growth rate | 8.5% (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, North America region accounted for 47.2% 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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North America 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 50.41% in 2021. Horizon Databook has segmented the North America empty iv bags market based on pvc, non-pvc covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the largest share of this market and is expected to grow at a significant rate during the forecast period. The ease of access to healthcare technologies and presence of strong distribution channels are among the factors contributing to the increasing adoption of empty IV bags in the region.
High disease prevalence, supportive reimbursement policies, and well-defined regulatory framework are further expected to boost the adoption of empty IV bags in the region. The FDA has undertaken various initiatives to address shortage of IV solutions faced by North America, For instance, in 2012, the FDA introduced Title X of the Food and Drug Administration Safety and Innovation Act.
The guideline requires manufacturers to send a prior notice of 6 months to the FDA explaining the discontinuation of a critical drug or interruption of production. The FDA is also accelerating the new drug application review process to commercialize more IV solution products. This factor is expected to majorly drive the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America empty iv bags market , including forecasts for subscribers. This continent databook contains high-level insights into North America empty iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America empty iv bags market size, by country, 2018-2030 (US$M)
North America Empty IV Bags Market Outlook Share, 2021 & 2030 (US$M)
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