The Infinium Global Research analyzes the Medical Fluid Bags Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global medical fluid bags market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of medical fluid bags. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the medical fluid bags market during the period. The global medical fluid bags market is projected to grow at a CAGR of 6.8% over the forecast period of 2018-2024.
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Medical fluid bags are the latest developments in the design and production of polymer bags and pouches for fluid containment. Medical fluid bags have numerous range of medical application, these bags are used in dialysis, blood transfusion, biohazard disposal, and blood storage facilities. Nowadays, a medical fluid bags have become an integral part of life for many patients globally.
Growing Usage of Medical Fluid Bags Such as Urinary Drainage Bags by Bed-Ridden Patients, Hospitalized Patients are Also Promoting to the Growth of the Market
The global medical fluid bags market is driven by growth in of prevalence’s of chronic diseases such as heart, kidney and liver disorders, cancer, diabetes and anemia and increasing aging population. Moreover, growing usage of medical fluid bags such as urinary drainage bags by bed-ridden patients, hospitalized patients are also promoting to the growth of the market. Furthermore, the growing use of intravenous bags, blood bags, collection bags, drain bags in the Ambulatory Surgery Centers are likely to aid the growth of the medical fluid bags market. However, harmful chemical material such as PVC compounds, polyolefins, and many others are used for manufacturing of medical fluid bags which may hamper the growth of the market. Going further, technical advancements in medical fluid bags is expected to create lucrative opportunities for the growth of the market in coming years.
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Growing Segments in the Medical Fluid Bags Industry
Medical fluid bags Market is segmented on the basis of product type and end user. The product type segment is further segmented into intravenous bags, blood bags, enema bags, reagent bag, drain bags, biohazard disposable bag, dialysis bags, breast milk bag, and others. Drain bags hold maximum share in the medical fluid bags market owing to its significant use in surgical procedures. Drain bags are generally used in abdominal surgery, craniotomy, breast surgery, mastectomy, thoracic surgery and joint replacement (arthroplasty). On the basis of the end user, the sub-markets include blood banks, clinics & hospitals, diagnostic centers, home care settings, and others.
North America Holds the Highest Share in the Global Medical Fluid Bags Market
Medical fluid bags Market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). North America holds the highest share in the global medical fluid bags market as there is highly developed infrastructures. North America, the U.S. dominates the market followed by Canada and Mexico. Moreover, Europe is expected to hold the second largest share in this market during the forecast period due to growing prevalence of age-related chronic diseases. Furthermore, Asia-Pacific is expected to grow with the highest CAGR during 2018-2025. Among the Asia-Pacific regions, Japan, Singapore, Malaysia, China, and India had the highest healthcare expenditure in 2015. The increase in spending power on healthcare are promoting the Asia-Pacific medical fluid bag market.
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Key Players of the Medical Fluid Bags Industry
The Global medical fluid bags market comprises with the players, 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. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the medical fluid bags.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.