North America Non-pvc Iv Bags Market Size & Outlook
North America non-pvc iv bags market, 2018-2030 (US$M)
Related Markets
North America non-pvc iv bags market highlights
- The North America non-pvc iv bags market generated a revenue of USD 815.5 million in 2023.
- The market is expected to grow at a CAGR of 11.1% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 815.5 million |
| Market revenue in 2030 | USD 1,707.9 million |
| Growth rate | 11.1% (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, North America region accounted for 43.5% 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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North America 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 63.52% in 2023. Horizon Databook has segmented the North America non-pvc iv bags market based on single chamber, multi chamber covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the largest share of this market in 2023 and is expected to grow at a significant rate during the forecast period. The ease of access to healthcare technologies, surge in healthcare expenditure, and presence of strong distribution channels are among the factors contributing to the increasing adoption of non-PVC IV bags in the region.
High disease prevalence, supportive reimbursement policies, and a well-defined regulatory framework are further expected to boost the adoption of non-PVC IV bags in the region. Furthermore, rising adoption of novel drug delivery systems and technological advancements are expected to fuel market growth in this region.
In addition, owing to environmental damage due to PVC bags, efforts are being undertaken by the FDA to encourage the adoption of alternatives to Polyvinyl Chloride (PVC) bags, which is expected to boost the adoption of non-PVC IV bags in the region. Thus, market players in this region are making efforts to adhere to the FDA guidelines to eliminate the usage of PVC bags.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America non-pvc iv bags market , including forecasts for subscribers. This continent databook contains high-level insights into North America non-pvc iv bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America non-pvc iv bags market size, by country, 2018-2030 (US$M)
North America Non-PVC IV Bags Market Outlook Share, 2023 & 2030 (US$M)
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