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Medical Fluid Bags Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A10872
Pages: NA
Jun 2021 | 52 Views
 
Author(s) : Onkar Sumant
Tables: NA
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Medical Fluid Bags Market Outlook - 2027

Medical fluid bags are extensively developed bags designated for successful containment of various medical by products and are utilized in wide range of applications such as urine collection, blood storage, enteral feeding, sterile packaging and various others. Medical fluid bags are generally made up of various types of polymers and consists of pouches for containing bodily fluids in a broad range of biomedical procedures. Medical fluid bags are available in variable sizes and comprises of an inner pouch and external plastic coating. The compartmentalization of these bags in to inner pouch and outer coating aids in safeguarding the fluids until proposed expiration date mentioned on the bags. These bags are extensively utilized with multipurpose approach in healthcare settings for maintenance of proper sterilized conditions for the blood sample, that further aids in ensuring infection-free premises, reduction in disease spreading and potential leakage of blood samples or medicines. Furthermore, these bags are also utilized in fluid replacement therapy performed to ensure appropriate body fluid collection, blood transfusions, electrolyte imbalances and maintenance of healthy nutritional intake of the patient via oral or enteral route of administration.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Product type, Material, End User, Region

  Geographies covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, India, and the Rest of Asia Pacific excluding Japan), Japan, Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.

  Companies covered

Amsino International Inc., B. Braun Medical, Baxter International, ConvaTec, Fresenius Kabi, Hospira Inc., Pall Corporation, Smiths Medical, Terumo, Thermo Fisher Scientific Inc. and Westfield Medical Ltd.


COVID-19 scenario analysis:

  • Due to outbreak of COVID – 19, lockdown implications are in place 
  • There are restrictions on people getting out which includes production line workers as well
  • Few selective industries have been permitted to operate with 30% of workers which has hampered the production output
  • Restrictions on transportation have disrupted the supply of raw materials to the manufacturing sites, as industries are mostly working on their current inventory
  • The distribution channels have also been affected due lockdown amidst COVID-19 pandemic
  • Disposition of biohazardous waste needs to be rapid and the waste cannot be stored for long, but the lockdown enforces disposition workers to limit their transportation
  • Due to diversion of medical field towards treating COVID-19, the funding to R&D activities related to medical fluid bags has been reduced and this segment have to face negligence subsequently causing negative impact on medical fluid bags market

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The rise in incidences of various chronic ailments including diabetes, cancer, cardiovascular diseases, kidney and liver infections is among the key drivers propelling growth of medical fluid bags market globally. Furthermore, rising prevalence of gastrointestinal disease especially in the aging populace would further push the industry growth. 

The rising diseases would surge the number of surgical operatives globally pertaining to growing number of healthcare facilities, growing number of health complications requiring surgical interventions, and availability of a portfolio of surgical procedures in developed as well as emerging countries and technical advents in the healthcare settings which will have a positive impact on the market. Furthermore, healthy reimbursement scenario in developed geographies in the global medical fluid bags market will be beneficial for the manufacturers as well as patients to undergo costly treatments and surgical procedures. Growth in the number of patients opting for surgical procedures for treating various health complications will facilitate the medical fluid bags market development in the long term run. 

On the contrary, the use of Poly Vinyl Chloride (PVC) for manufacturing of medical fluid bags would restrain the market growth as these materials, on burning emit carcinogenic and harmful pollutants that can adversely cause adversities on human health along with environmental pollution. Furthermore, issues related to leaching out of DEHP plasticizer when used in medical procedures like haemodialysis would hamper the marker growth to a certain extent.

Growing prevalence of chronic diseases and rise in surgical procedures to fuel the growth

Rise in various health conditions and growing prevalence of chronic diseases like cardiovascular diseases, kidney and liver related disorders, cancer, anaemia requiring surgical intervention globally will serve as a rendering factor for the market growth. High incidences of bowel obstruction, gastroschisis and Crohn’s disease will further surge the demand for medical fluid bags. Treatment of these diseases consists of diagnosis, surgical intervention followed by hospitalization to ensure proper regulation of drugs and nutritional intake of the patient thereby fostering the medical fluid bags market growth. High number of surgical procedures and increasing diagnostics and surgical centers in developed as well as developing countries are prime factors facilitating the market development for medical fluid bags.

Increasing number of hospitals and growing pharmaceutical sector

The number of hospitals, surgical centers, and clinics is rising day by day.  In a study conducted regarding spend on healthcare globally was 10.4% of total GDP was spent on healthcare and this number would go on increasing with 10.5% spent in 2020. The rising number of hospitals is majorly seen in developing economies like India and China. This increase in number of hospitals would fuel the amount of biohazardous waste generated and would create a demand for medical fluid bags. 

The pharmaceutical sector is experiencing tremendous growth. The sector has grown exponentially from USD 100 billion in 2017 to USD 1.2 trillion and is expected to reach USD 1.5 trillion by 2023 growing at a CAGR of 4-5%. Thus this growing sector will also produce medical byproducts including bodily fluids which would need to be contained via medical fluid bags. China alone generates about 680,000 tons of medical waste each year, which requires disposable medical fluid bags for collection and storage and disposition of medical byproducts that will in turn enhance the demand for medical fluid bags.

Key segments:

Segments

Sub-segments

  Product Type

  • Blood Bags
  • Intravenous Bags
  • Drain Bags
  • Enema Bags
  • Biohazard Disposable Bags
  • Breast Milk Bags
  • Reagent Bags
  • Dialysis Bags

  Material

  • PVC Compounds
  • Polyolefins
  • Thermoplastic Elastomers
  • Thermoplastic Polyurethanes

  End User

  • Hospitals
  • Laboratories, Diagnostic centers
  • Blood Banks
  • Ambulatory Surgical Centers
  • Others

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the global medical fluid bags industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global medical fluid bags market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global medical fluid bags market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global medical fluid bags market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Medical fluid bags Market research report:

  • What are the leading market players active in the medical fluid bags market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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