Fish Sauce Market Size Worth $19.50 Billion By 2025

The global fish sauce market size is expected to reach USD 19.50 billion by 2025 registering a CAGR of 3.51%, according to a new report by Grand View Research, Inc. Fish sauce contains numerous vital nutrients and minerals including iodine and vitamins A & D. Rising cases of thyroid problems and related diseases have led to an increased demand across the globe, thereby augmenting market growth.

Fish sauce is widely used as a substitute for soy sauce in many countries as it has a numerous health benefits. It is also used as an ingredient for casseroles and soups, which is propelling its demand further. In addition, manufacturers are using natural fermentation processes by using anchovies and sea salt to retain the product’s nutritional value. This is likely to contribute to the market growth.

Fish sauce is a staple ingredient in many cuisines, which is also expected to spur the demand in future. Moreover, print and media advertisements have played a big role in creating awareness about the product, thereby supporting the overall market growth. U.S. being the largest consumer, North America is expected to be the dominant regional market over the forecast period. The market in Central & South America is projected to register the fastest CAGR of 3.8% from 2019 to 2025.

Some of the key companies in the global market are Teo Tak Seng Fish-Sauce Factory Co. Ltd, Pichai Fish Sauce Co., Masan Consumer Corporation, Rayong Fish Sauce Industry Co., Ltd., Shantou Fish Sauce Factory Co., TANG SANG HAH CO., Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd., Fish Sauce Co., Ltd., Halcyon Proteins Pty. Ltd., and Hung Thanh Co. Ltd.

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https://www.grandviewresearch.com/industry-analysis/fish-sauce-market

Further key findings from the study suggest:

Traditional fish sauce is projected to be the fastest-growing, as well as the largest, product type segment over the forecast years
The restaurants application segment is likely to lead the global market expanding at the fastest CAGR of 3.6% from 2019 to 205
North America led the global fish sauce market in 2018 and accounted for a market share of 45%. The region is estimated to grow further at a steady CAGR during the forecast years
Key companies in the market focus on new product development and capacity and portfolio expansion to estimate existing and future demand patterns from upcoming application segments

Cryogenic Insulation Market Worth $2.9 Billion By 2025

The global cryogenic insulation market size is expected to reach USD 2.9 billion by 2025, expanding at a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Rising preference for low temperature insulation from various application industries including energy and power and metallurgy is likely to propel the market growth.

The growth of aerospace and space exploration industries across the economies is anticipated to fuel the demand for cryogenic insulation systems. In addition, rising demand for LNG as an environment friendly alternative to the conventional energy resources has resulted in high demand for cryogenic engines, pipes, valves, and storage tanks.

Increasing R&D spending by the major players is expected to have positive impact on product enhancement and differentiation strategies. In addition, the participants are focusing on developing novel materials for higher efficiency and lower operational costs. Also, the players are pooling their technology and resources together in order to serve the rising demand.

North America and Europe are anticipated to dominate the market on account of the rising offshore gas production in order to cater the rising demand from various application industries. In addition, the rising LNG/LPG transportation across the regions is further likely to propel the market growth.

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https://www.grandviewresearch.com/industry-analysis/cryogenic-insulation-market

Further key findings from the report suggest:

PUR and PIR accounted for the largest market share of 42.9% in terms of revenue in 2018, owing to its wide range of applications in gas liquefaction and regasification industry
LPG/LNG transport and storage industry dominated the market in 2018 and is estimated to reach USD 1.5 billion by 2025, due to rising demand for LNG or LPG from various sectors including automotive and power generation
North America is anticipated to emerge as one of the prominent regions for the industry over the forecast period and is projected to account for USD 699.9 million by 2025 on account of the rising offshore oil production in countries such as the U.S.
Cryogenic insulation market in China is projected to exhibit a CAGR of 6.5% from 2019 to 2025 on account of the rapid industrialization and rising disposable income
Market participants across the globe have increased their R&D spending in order to develop high performance insulation for various applications.

Ceramics Market Size Worth $407.72 Billion By 2025

The global ceramics market size is expected to reach USD 407.72 billion by 2025, according to a new report by Grand View Research, Inc. Advancement in 3D printing technology coupled with its rising application in dental implants is anticipated to drive the ceramics industry market growth.

Emergence of 3D printing or additive manufacturing is the new prominence application area for advanced product segment of ceramics. The rising use of the technology in dental implants is anticipated to trigger the market growth for advanced ceramic materials such as alumina and zirconium. Alumina is anticipated to dominate the marketspace due to its excellent structural properties and compatibility with human tissues.

Soda ash, kaolin, clay, silica, and sand are key raw materials used in manufacturing of traditional ceramics. Raw materials and energy are the two largest elements in cost structure of ceramics manufacturing process. Raw materials constitute 22% of cost structure in ceramic production closely followed by energy, which accounts for 21%. Labor and overhead costs constitute 16% and 13%, respectively. Other costs include transport, distribution, and depreciation, which account for 28%.

However, rising scrutiny over energy usage and limiting carbon dioxide emission is forcing the vendors of the market to opt for sustainable energy sources. In addition, securing an inexpensive fuel supply in a volatile natural gas market is an important criterion for a company’s sustainability and competitiveness in the industry. On account of the unpredictable nature of natural gas prices, smaller companies primarily focus on looking into alternative fuel options or alternative technologies to manufacture ceramics.

Over the last few years, there has been significant increase in the use of ceramic materials for manufacturing implant devices. Superior properties of alumina and zirconium based ceramics such as toughness and strength together with low wear rates and bio-inert properties is projected to augment their demand in applications such as femoral heads for total hip replacements over the coming years.

Key players such as AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation are focusing on vigorous expansion strategies. These companies have either formed mergers or acquired regional vendors as part of their strategy to enhance their global footprint.

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https://www.grandviewresearch.com/industry-analysis/ceramics-market

Further key findings from the report suggest:

In terms of revenue, traditional product held highest market share of 59.6% in 2018. The growth in this segment is attributed to increasing demand for manufacturing of tiles, bricks, and sanitary ware.
In terms of revenue, advanced product segment is projected to grow at CAGR of 9.1% over the forecast period. Rising popularity of the product in biomedical application is anticipated to boost the segment growth.
In terms of revenue, tiles application segment is projected to dominate the global industry. Rising prominence of premium tiles in luxurious projects is the key driver for the segment growth.
Asia Pacific was leading region with revenue share of 39.6% in 2018. The growth of the region is attributed to expansion of end-use industries in India and China.
In terms of revenue, North America region is projected to grow at a CAGR of 8.5% from 2019 to 2025.
Some of the key players present in the market are AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation. Vendors of the industry are focusing on customize services for applications such as bio ceramics, electronic devices, and many more.

Kids Bicycle Market Size Worth $4.9 Billion By 2025

The global kids bicycle market size is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.6% over the forecast period. The growth is attributed to rising demand for bicycling as a fun activity among children who are hugely influenced by toon characters riding bicycles.

For instance, the character Calvin from the comic Calvin and Hobbes can be seen in the bicycle. The cycle manufacturers have leveraged these features to market bicycles. Cartoon Network Ben Ten Bicycle is one such product that gained tremendous popularity in the countries including India, Maldives, Indonesia, and Pakistan.

In addition, schools and residential societies have been conducting cycling races, marathons, and relays. Such activities develop discipline, sportsmanship, and team spirit among kids. This, in turn, drives the kids, parents, and teachers to take interest in cycling, thereby propelling the kids bicycle market growth. Cycling is further promoted for various health benefits among kids.

It has been proved through various medical researches that cycling improves fitness. Along with improving physical strength and growth, it even results in positive mental attitude by releasing stress. It is also recommended that cycling activity in fresh air improves the metabolism by providing exercise to the cardiovascular muscles and building muscle mass.

Rise in the demand for kids cycle is being leveraged by various manufacturers. In May 2019, Strider Sports International Inc. entered the Indian market by launching two different models, Sport Baby Bundle and 14x Sport Balance Bike bicycles. The product is available online for USD 199.98 and USD 209.99 respectively. The Sport Baby Bundle is for toddlers and it comes with rocking base and no pedals. The 14x Sport Balance Bike is for kids above 2.

Some of the key players are Giant Bicycles, Trek Bicycle Corporation, Specialized Bicycle Components, Cannondale, SCOTT Sports SA, GT Bicycles, MERIDA BIKES, Cervélo, Fuji Bikes, Cicli Pinarello SRL, COLNAGO, Santa Cruz Bicycles, and KONA. Manufacturers have been observing the rapid growth closely and strategically expanding in the countries with growing middle-class income population.

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https://www.grandviewresearch.com/industry-analysis/kids-bicycle-market

Further key findings from the report suggest:

Conventional products accounted for more than 80.0% share of the global revenue in 2018
The online segment for kids bicycle market is expected to expand at the fastest CAGR of 3.0% from 2019 to 2025
The offline segment accounted for 85.0% share of the global revenue in 2018.

Faucets Market Size Worth $28.7 Billion By 2025

The global faucet market size is expected to reach USD 28.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. Continuously changing preferences of consumers, along with improving lifestyles, has been increasing the investments on luxury homes and remodeling. This, in turn, is anticipated to contribute to the demand of the market.

Rapidly expanding residential sector in regions such as North America and Asia Pacific, along with consumers demand for advanced technology driven plumbing fixtures, is a key factor fueling the adoption of modern faucets. Moreover, repairing and remodeling of home utility areas such as kitchens and bathrooms have generated a fair demand for faucets in the recent years.

Manufacturers are focusing on expanding their product portfolios by providing end number of combinations with respect to material and designs to cater to the consumer demand for customized faucets. For instance, Kohler offers Sensate Touchless Kitchen Faucet and has been honored as the best of innovations in 2019 for smart home products. Companies are developing smart products for smart user experience, which is also driving innovations in the global market.

The residential sector is expected to witness significant growth during the forecast period. The market will witness stable growth due to increasing number of households and consumer demand for premium kitchen and bathroom fixture products that serve the purpose as well as compliment the interiors. The residential sector is expected to account for a share of more than 40.0% by 2025. Delta offers kitchen faucets integrated with advanced technology and relevant finishes, such as Delta ShieldSpray.

Kitchen is expected to register the fastest CAGR of 6.0% from 2019 to 2025. This growth is attributed to rising demand for elegant, multifunctional, and sophisticated kitchen faucets. Modern lifestyle has renovated kitchen from a place to cook food to a place for family gathering and friends spending time together. Companies such as Franke Kitchen Systems offer faucets equipped with the ability to swivel 360 degrees and switch between full and needle water spray.

Asia Pacific is expected to be the fastest growing market, expanding at a CAGR of 6.4% from 2019 to 2025. The growth is attributed to increasing construction projects across the residential and commercial sectors. In the year 2018, over ten thousand projects were going on including the construction of malls and shopping complex, restaurant and hotels, hospitals, schools and educational institutions, factories, offices, trains, flights, airports, railway stations, and other similar venues. This scenario is expected to drive the demand for faucets in the next few years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/faucet-market

Further key findings from the report suggest:

North America accounted for the largest share of more than 25.0% in 2018, whereas APAC is expected to expand at the fastest CAGR of 6.4% from 2019 to 2025
Online distribution channel is expected to witness expand at a CAGR of 6.0% from 2019 to 2025
The bathroom application segment held the largest share of over 40.0% in 2018. Kitchen is expected to expand at the fastest CAGR of 6.0% from 2019 to 2025 due to rising demand for elegant, multifunctional, and sophisticated kitchen faucets
The commercial sector held the largest share of over 50.0% in 2018. Commercial places include hotels, restaurants, hospitals, public washrooms and toilets, malls and shopping complex, airports, railway stations, and other recreational and utility areas
Some of the key players of faucets market are Moen Incorporated; Franke Kitchen Systems; DELTA FAUCET COMPANY; American Bath Group; Gerber Plumbing Fixtures LLC; GROHE AMERICA, INC.; Jaquar; Kohler Co.; Colston Bath; PROFLO; and TOTO LTD

Sheet Face Mask Market Worth $447.7 Million By 2025

The global sheet face mask market size is anticipated to reach USD 447.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.2% over the forecast period. Increasing awareness related to skin care, along with increase in demand for Korean skin care products, is expected to drive the market during the forecast period.

Cotton was the most popular product type in 2018. High product visibility, along with cheap pricing, is a major factor contributing to the growth of this segment. However, these sheet masks are disposed in plastic pouches, which affects the environment. Bio-cellulose masks that are made of natural cellulose obtained from bacteria are gaining significant popularity. They perform better as compared to their fabric counterparts. This is expected to increase the demand for bio-cellulose and other natural ingredient-based masks, which will positively influence the overall market growth.

Asia Pacific occupied the largest sheet face mask market share in 2018 owing to high demand in countries such as South Korea and China. China is one of the major countries contributing to the growth of the global cosmetics market. Increase in the consumption of cosmetics is expected to propel the demand for skin care products in this country. This is expected to positively influence the overall product demand. Moreover, product innovation in Asia Pacific countries in terms of the ingredients used in the masks is expected to increase product offerings in the market, which will propel market growth.

North America is anticipated to witness the fastest growth from 2019 to 2025 owing to rising popularity for Korean skin care products. The smooth and flawless skin texture of many Korean actors and celebrities is the major factor influencing product demand in U.S. and Canada. Moreover, consumers are willing to purchase these products at a premium price owing to increasing awareness related to the benefits of these products. This is anticipated to increase the product demand during the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sheet-face-mask-market

Further key findings from the report suggest:

Bio-cellulose sheet face mask is projected to ascend with a CAGR of 10.0% over the forecast period due to its ability to adhere to the skin firmly and improve the elasticity of the skin
Europe is expected to be the largest regional sheet face mask market to expand at a CAGR of 8.0% over the forecast period owing to significant product demand in major countries such as Germany and U.K.
FaceTory, a popular Korean subscription service for face masks, has launched its very first brand of sheet masks known as Sun Bae. Increasing product demand, along with the company’s aim to improve its product offering was the major reason for the launch.

Food Processing Blades Market Size Worth $1.5 Billion By 2027

The global food processing blades market size is expected to reach USD 1.5 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2020 to 2027. Rising demand for poultry, meat, confectionery, along with packaged and healthy food products, is expected to augment the demand for food processing blades.

Food processing blades are widely utilized across the food industries, including bakery and confectionery, meat, seafood and poultry, and dairy, for peeling, skinning, slicing, grinding, and other processes. The regulatory associations such as the Ministry of Food Processing Industries and the Environmental Protection Agency (EPA) are expected to drive the market.

The value chain for food processing equipment has five constituents, namely raw material suppliers, assemblers/manufacturers, suppliers, distributors, and end-use industries. Many companies in the food processing equipment market tend to opt for forward & backward integration in value chain management.

Major players including Marel and JBT Corporation focus on standard and quality products and offer automated operational processes. The market is anticipated to witness significant growth opportunities in the emerging markets of Asia Pacific, Middle East and Africa, and Central and South America, where the demand for processed and packaged food has increased with changing consumer preferences and inclination towards fast food and seafood.

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https://www.grandviewresearch.com/industry-analysis/food-processing-blades-market

Further key findings from the study suggest:

By product, the circular blade segment is expected to witness the fastest growth from 2020 to 2027 on account of production process optimization and improved workflow efficiency
The grinding application segment dominated the market in 2019 owing to its extensive use in the food industry
The proteins end-use segment dominated the market in 2019 on account of the rise in demand for fish, poultry, bovine, and pork
Asia Pacific is estimated to witness the fastest growth from 2020 to 2027 owing to heightened demand for protein-rich convenience food, processed meat, and other packaged food products
Major manufacturers such as Marel, GEA Group Aktiengesellschaft, and JBT Corporation emphasize on the implementation of new technologies, R&D activities, and expansion strategies to gain a competitive advantage over others and serve various markets

Australia Abrasives Market Worth $509.7 Million By 2027

The Australia abrasives market size is anticipated to reach $509.7 Million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 2.2% in terms of revenue, during the forecast period. The increasing utilization of abrasives for the high-quality surface finish in automotive and oil and gas are expected to propel market growth.

Abrasives are used in automotive, transportation, electronics, and manufacturing industries to smoothen surfaces during component manufacturing, to shape materials through grinding, to remove surface layers of paint or corrosion, to cut hard materials made of steel or concrete, and to polish finished products.

Super abrasives segment is expected to register the fastest CAGR across the forecast period on account of its super properties. It offers longer product life and machine downtime, shorter cycle times, thereby reducing machining costs for customers. Its high cost is one of the restraints in its demand; however, its performance is much better than others especially for hard surfaces.

The oil and gas industry is one of the end-users of the product. Surface finish is an important factor that ensures an appropriate barrier coating to oil and gas materials to protect from corrosion and reduce maintenance costs. The use of appropriate abrasive ensures the desired surface finish on large metal structures used in oil and gas exploration. Australia’s oil and gas extraction industry’s GVA was AUD 31.4 billion in 2018.

The oil and gas industry is witnessing growth in Australia, which is expected to propel the demand for abrasives. For example, in June 2020, Saunders International won the contract of $12 million for upgrading and mechanical refurbishment of two tanks of BP, which are located in Queensland. Post this the company shall work for BP in the Bulwer Full Fuel project for which it will refurbish three tanks and two piping projects.

Automotive is the major end-use segment for abrasives in the country. The rise in vehicle registrations in the country indicates increasing demand for cars, thereby, the potential growth for the automotive aftermarket. The motor vehicle registrations increased from 2019 to 2020 in all Australian states except for Northern Territory. Tasmania witnessed the highest number of registrations, an increase of 2.6% as of January 2020 from 2019.

Abrasives are largely used in the aftermarket by mechanics and repair shops. Although, on account of the COVID-19 pandemic, 83% of automotive service and repair workshops have reported a decrease in revenue, according to a survey by the Australian Aftermarket Association. The sector is one of the largest employers in the country with over 150 thousand people and 23 thousand small businesses and a decline in its revenue shall have major implications on economic growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/australia-abrasives-market

Further key findings from the report suggest:

Super abrasives expected to witness the highest growth rate of 2.8%, in terms of volume, over the forecast period owing to its superior properties over other product types in surface finishing
Bonded constituted the largest revenue share of over 60.0% in 2019. High preference for the product over coated and super abrasives in automotive and construction industries on account of its properties and less cost
Automotive anticipated registering growth rate of 2.0% in terms of revenue across the forecast period, which is attributable to the auto service and repair shops in the country
Segments including machinery, metal fabrication, and E&E equipment expected to witness a high CAGR in terms of revenue, owing to the use of super abrasives in their applications
The manufacturing sector is a minor contributor to the GDP of the country, which is further hit hard on account of the COVID-19 pandemic. As a result, the demand for abrasives in the manufacturing sector of Australia is expected to remain low

Acute Hospital Care Market Worth $4.0 Trillion By 2026

The global acute hospital care market is expected to reach USD 4.0 trillion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% over the forecast period. Market growth can be attributed to a significant increase in number of patients suffering from chronic diseases such as cancer, diabetes, heart disease, and stroke. Increase in incidence of trauma, demand for acute hospitals; patient volume, including, geriatric demographic; and unmet medical needs is expected to boost growth. In addition, technological advancements for improving quality of treatment to reduce Length of Stay (LOS) and achieve a faster Turnaround Time (TOT) are expected to aid growth.

Rise in demand for such hospitals is likely to create opportunities for players. Large hospitals are further addressing the increase in demand by building more facilities. These include HCA Healthcare, Inc.; Tenet Healthcare Corporation; & Community Health Systems, Inc. in the U.S. and Fresenius Medical Care & Ramsay Healthcare in Europe.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/acute-hospital-care-market

Further key findings from the report suggest:

Based on medical conditions, emergency care dominated the market in 2018, due to increase in number of patients at hospitals seeking admission for shorter durations. This includes cases of trauma, injury, respiratory disorders, or cardiac problems such as acute myocardial infarction.
Furthermore, availability of higher reimbursement for treatment, when compared with other facilities, supports segment growth
Based on facilities, general acute care facilities held the largest share in 2018, due to majority of admission cases requiring short-term emergency medical attention.
Patients suffering from acute illnesses, diseases, or injuries are first admitted to these facilities
Psychiatric hospitals offering acute psychiatric treatment to patients are expected to grow at the fastest rate over the forecast period. This can be attributed to the increase in prevalence of stroke due to risk factors such as increase in smoking & alcohol consumption and poor lifestyle choices
ICUs dominated the service segment in 2018, owing to increase in number of patients seeking intensive monitoring and round-the-clock nursing.
Hospitals are investing in specialized ICUs for specific issues pertaining to cardiology and surgical & medical needs. NICU is expected to be one of the fastest growing segments over the forecast period
The acute hospital care market has recently experienced expansion of facilities through mergers & acquisitions by key players, which, combined various services, increased overall market revenue
Some key players are Tenet Healthcare Corporation; Fresenius Medical Care; Ramsay Healthcare; Asklepios Kliniken GmbH; Universal Health Services, Inc.; HCA Healthcare, Inc.; Community Health Systems, Inc.; Ascension Health; IHH Healthcare; Mediclinic International; Legacy Lifepoint Health, Inc.; and Ardent Health Services

Empty IV Bags Market Size Worth $5.6 Billion By 2026

The empty IV bags market size is expected to reach USD 5.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. Rising incidence of cancer, favorable government initiatives related to non-PVC IV bags, and growing risk of malnutrition across the globe are the key driving factors for the market.

Government agencies of various countries are taking several steps to reduce usage of phthalate IV bags wherever possible without compromising on patient safety. For instance, Denmark introduced a national ban on Di-(2-ethylhexyl) phthalate (DEHP), Dibutyl Phthalate (DBP), Dibp Plasticizer (DIBP), and Butyl Benzyl Phthalate (BBP) under its national phthalate strategy, which was initially set for December 2013 and was later postponed to 2015. The Danish Health and Medicines Authority (DHMA) announced certain set of guidelines pertaining to usage of particular types of phthalates in medical devices. The aim of these initiatives was to ensure continued reduction in the use of classified phthalates in medical devices. Similarly, in May 2006, the Federal Institute for Drugs and Medical Devices, Germany, issued a recommendation for hospitals to minimize or avoid use of DEHP-containing medical devices for specific population groups, such as premature babies, infants, children, adolescents, pregnant women, and nursing mothers. The recommendation necessitates manufacturers to produce alternative products that are PVC-free and nontoxic.

Malnutrition is one of the major drivers of the market. According to the UNICEF, poor nutrition in the first 1,000 days of an infant’s life may lead to stunted growth and impaired cognitive ability. An infant’s diet must contain a proper balance of starch, minerals, vitamins, amino acids, and lipids. These essential nutrients can be administered, if need be, through parenteral route, which is expected aid growth.

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https://www.grandviewresearch.com/industry-analysis/empty-iv-bags-market

Further key findings from the report suggest:

In terms of revenue, non-PVC empty IV bags segment held the largest share in 2018 owing to the environment-friendliness of non-PVC
The demand for multi-chambered bags is expected to increase due to presence of separate storage for different components
Under the type segment, single chambered empty IV bags held the largest share in 2018
Asia Pacific is expected to witness the fastest growth over the forecast period, owing to growing malnutrition in the region
Some prominent players in empty IV bags market are Technoflex, Wipak Group, Baxter, and ICU Medical, Inc.