Europe Non-pvc Iv Bags Market Size & Outlook, 2023-2030
Europe non-pvc iv bags market, 2018-2030 (US$M)
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Europe non-pvc iv bags market highlights
- The Europe non-pvc iv bags market generated a revenue of USD 502.0 million in 2023.
- The market is expected to grow at a CAGR of 11% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 502.0 million |
| Market revenue in 2030 | USD 1,041.8 million |
| Growth rate | 11% (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, Europe region accounted for 26.8% 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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Europe 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 60.18% in 2023. Horizon Databook has segmented the Europe non-pvc iv bags market based on single chamber, multi chamber covering the revenue growth of each sub-segment from 2018 to 2030.
Europe held a significant market share 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 cancer cases are diagnosed, and 1.9 million deaths occur due to cancer every year. Moreover, it reported that cancer is the second major cause of morbidity and death in the region.
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 the manufacturing of medical devices by the French government, which was imposed in 2015.
This ban is expected to boost the adoption of non-PVC alternatives such as non-PVC IV bags. As a result of the widespread movement across Europe, which aimed at eliminating PVC, 62 Spanish cities have been declared PVC-free. Ongoing advancements in materials science and manufacturing processes have resulted in the development of non-PVC materials that are not only safer but also more cost-effective and compatible with a wider range of medications.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe non-pvc iv bags market , including forecasts for subscribers. This continent databook contains high-level insights into Europe non-pvc iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe non-pvc iv bags market size, by country, 2018-2030 (US$M)
Europe Non-PVC IV Bags Market Outlook Share, 2023 & 2030 (US$M)
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