Empty IV Bags Market: Current Landscape, Drivers & Future Prospects
The global empty IV bags market size is expected to reach USD 8.76 billion by 2030, registering a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to witness growth due to the increasing government initiatives, rising Natality rate, and rising geriatric population. The growing risk of malnutrition is another major driver for the market’s growth. According to WHO, millions of people are suffering from different forms of malnutrition across the world. According to the study by the Global Coalition on Aging (GCOA) 2020, on average, 31.0% of patients admitted to hospitals are undernourished, and the prevalence is higher among seniors, affecting up to 52.7% of older people hospitalized with COVID-19. Thus, an aging population is significantly increasing the prevalence of various health issues, including nutritional problems and chronic non-communicable diseases. This is anticipated to support...