A recent report published by Infinium Global Research on medical fluid bags market provides an in-depth analysis of segments and sub-segments in the global as well as regional medical fluid bags market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical fluid bags market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical fluid bags market. According to the report, the global medical fluid bags market is projected to grow at a CAGR of 6.8% over the forecast period of 2018-2024.
Medical fluid bags are the latest advancement in the design and production of polymer bags for fluid containment in a various range of medical applications. Medical fluid bags are used in fluid replacement therapy that is carried out to deliver proper body fluid collection, electrolyte imbalances, blood transfusions, and maintain the nutrition status of the patient through oral or enteral routes. The intravenous route is the fastest way to provide medications and fluid replacement throughout the body. Along with fluid replacement therapy, these bags are used in blood storage facilities, dialysis, blood transfusion, and biohazard disposal.
The increasing prevalence of chronic diseases in worldwide drives, the growth of medical fluid bags market. Chronic diseases such as liver disorders, diabetes, heart, kidney, and cancer that require long-term hospitalization that in turn accelerates administration of medicine, intravenous therapy, and drugs. Various surgical procedures require for the treatment of chronic diseases that will fuel the growth of the medical fluid bags market. Rising geriatric population and various incidences of gastrointestinal diseases among geriatric population require hospitalization to facilitate administration of drugs that boost the growth of medical fluid bags market. Furthermore, a favorable reimbursement policy in developed countries regarding expensive treatments propels the growth of medical fluid bags market. Moreover, the rising number of healthcare centers and surgical procedures for the treatment of various diseases drives the growth of the medical fluid bags market. However, the negative impact of synthetic polymers on the environment hampers the growth of the medical fluid bags market. Moreover, manufacturing materials of fluid bags are harmful to humans as well as an environment that hinders the growth of medical fluid bags market. Technological advancement and demand for fluid bags in the hospital, blood banks, and diagnostic labs are expected to provide beneficial opportunities for medical fluid bags market.
Among the geographies, North America dominates the medical fluid bags market. Favorable reimbursement policies regarding expensive treatments in North America and Europe regions encourage patients to undergo an expensive treatment this in turn fuels the growth of medical fluid bags market in these regions. Moreover, in Asia-Pacific, owing to the rising prevalence of chronic diseases along with increasing disposable income and increasing developments in healthcare facilities boosts regional growth.
The report on global medical fluid bags market covers segments such as product and end-user. On the basis of product, the sub-markets include intravenous bags, blood bags, enema bags, reagent bag, drain bags, biohazard disposable bag, dialysis bags, breast milk bag, and others. On the basis of end-user, the sub-markets include blood banks, clinics & hospitals, diagnostic centers, homecare settings, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in this region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Fresenius Kabi AG, Baxter, ConvaTec Inc., KAWASUMI LABORATORIES. INC., KRATON CORPORATION., Sippex IV bag, Pall Corporation, Wipak, McKesson Medical-Surgical Inc., and RENOLIT.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical fluid bags market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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