China Non-pvc Iv Bags Market Size & Outlook, 2023-2030
China non-pvc iv bags market, 2018-2030 (US$M)
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China non-pvc iv bags market highlights
- The China non-pvc iv bags market generated a revenue of USD 82.5 million in 2023 and is expected to reach USD 185.9 million by 2030.
- The China market is expected to grow at a CAGR of 12.3% 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.
Non-pvc iv bags market data book summary
| Market revenue in 2023 | USD 82.5 million |
| Market revenue in 2030 | USD 185.9 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Single chamber |
| Fastest growing segment | Multi Chamber |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 4.4% of the global non-pvc iv bags market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China non-pvc iv bags market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 181.6 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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China 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 61.58% in 2023. Horizon Databook has segmented the China non-pvc iv bags market based on single chamber, multi chamber covering the revenue growth of each sub-segment from 2018 to 2030.
China has a rapidly developing market for non-PVC IV bags owing to the rising prevalence of cancer, growing healthcare expenditure, and increasing government initiatives. According to the reports published by National Library of Medicine in 2022, approximately 4,820,000 new cases of cancer were estimated to be diagnosed in China.
Among these cases, lung cancer is projected to be the most widespread cancer type in this country. The rising incidence of cancer leads to an increase in the demand for cancer treatments, especially chemotherapy, a common method that entails delivering fluids through IV bags. The rise in the number of individuals undergoing these treatments has resulted in an increased need for various medical supplies, with non-PVC IV bags being a key component of this growing demand.
The healthcare industry is witnessing new trends, with a notable shift toward environmentally friendly and safer medical solutions. This change is expected to boost the demand for non-PVC IV bags in the near future.
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Horizon Databook provides a detailed overview of country-level data and insights on the China non-pvc iv bags market , including forecasts for subscribers. This country databook contains high-level insights into China non-pvc iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China non-pvc iv bags market size, by product, 2018-2030 (US$M)
China Non-PVC IV Bags Market Outlook Share, 2023 & 2030 (US$M)
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