Asia Pacific Non-pvc Iv Bags Market Size & Outlook
Asia Pacific non-pvc iv bags market, 2018-2030 (US$M)
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Asia Pacific non-pvc iv bags market highlights
- The Asia Pacific non-pvc iv bags market generated a revenue of USD 386.3 million in 2023.
- The market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, single chamber was the largest revenue generating product in 2023.
- Multi Chamber is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 386.3 million |
| Market revenue in 2030 | USD 865.1 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Single chamber |
| Fastest growing segment | Multi Chamber |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Chamber, Multi Chamber |
| Key market players worldwide | Baxter International Inc, B. Braun, Pfizer Inc, Fresenius SE & Co KGaA, Angiplast, Kraton Performance Polymers |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.6% of the global non-pvc iv bags market in 2023.
- 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 865.1 million by 2030.
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Non-PVC IV Bags Market Scope
Non-PVC IV Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific non-pvc 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 non-pvc iv bags market will help companies and investors design strategic landscapes.
Single chamber was the largest segment with a revenue share of 60.45% in 2023. Horizon Databook has segmented the Asia Pacific non-pvc iv bags market based on single chamber, multi chamber covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific holds a significant share of this market and is expected to grow at a significant rate during the forecast period owing to the rising healthcare spending, growing awareness among patients, and increasing demand for healthcare solutions that are both technologically advanced & cost-effective.
Moreover, the growing geriatric population and the increasing incidence of chronic disorders are expected to boost the need for non-PVC IV bags in the Asia Pacific region in the coming years. For instance, as per the data published by the Economic and Social Commission for Asia and the Pacific in 2022, the Asia Pacific region is witnessing a rapid increase in its geriatric population.
Currently, there are 630 million individuals aged 60 and above, making up 60% of the global elderly population. Projections indicate that by 2050, this number is expected to reach 1.3 billion. As people age, they often experience an increase in health issues and the need for medical treatments. This frequently results in a greater need for IV therapies, consequently driving the demand for non-PVC IV bags in this region industry growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific non-pvc iv bags market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific non-pvc iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific non-pvc iv bags market size, by country, 2018-2030 (US$M)
Asia Pacific Non-PVC IV Bags Market Outlook Share, 2023 & 2030 (US$M)
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