This report provides exclusive insights into the COVID-19 impact on the Medical Fluid Bags Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Medical Fluid Bags Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Medical Fluid Bags Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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
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 the administration
of medicine, intravenous therapy, and drugs. Various surgical procedures
required 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 the 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 the 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 boost regional growth.
The report on global medical
fluid bags market covers segments such as product type and end user. On the
basis of product type, 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,
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.