Medical Fluid Bags Market to cross $4 billion by 2024
The Industry growth report “Medical Fluid Bags Market  By Product (Blood Bags, Intravenous Bags, Drain Bags [Surgical, Urinary], Enema Bags, Biohazard Disposable Bags, Breast Milk Bags, Reagent Bags, Dialysis Bags), By Material (PVC Compounds, Polyolefins, TPE, TPU), By End-Use (Hospital, Blood Banks, Clinics, Homecare Settings, Diagnostic Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Brazil, Argentina, Mexico, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says Medical Fluid Bags Market share is anticipated to reach USD 4 billion by 2024.

Growing elderly population coupled with rising prevalence of age related disorders will drive medical fluid bags market size. Common geriatric problems such as loss of appetite and difficulty in swallowing will maintain the rising demand. Chronic disorders escalate the consequential demand for intravenous nutrition stimulating the medical fluid bags market growth over the forecast years.

Rising number of surgical procedures should boost medical fluid bags market size. Increasing natality rates and spurring incidence of feeding intolerance among premature babies will stimulate demand for intravenous parenteral nutrition through these products.

Presence of favorable reimbursement scenario and growing awareness should propel business growth. Increasing number of healthcare centers will further drive industry expansion. Highly fragmented nature of the medical fluid bags industry acts as an entry barrier for new players. Adverse impact of PVC used for manufacturing of medical fluid bags on the environment and human anatomy may impede business growth over the forecast years.

Blood bags market demand is set to grow over the forecast years owing to rising public awareness regarding blood donations, escalating number of surgeries and medical emergency transfusions. Increasing number of hospitals, clinics and blood banks should accelerate the business growth.

Breast milk bags are projected to witness fastest growth owing to increasing birth rate and rising number of working women. Several government initiatives promoting breast feeding should further stimulate breast milk bags demand.

TPU medical fluid bags market growth estimation can be attributed to higher tensile strength and resistance to chemicals and abrasion. Higher blood biocompatibility of thermoplastic elastomers as compared to other materials make it a popular raw material for blood bags and blood transfusion kits. Thermoplastic elastomers are forecast to witness lucrative growth. Presence of significantly higher tear resistance and elongation with low density and weight as compared to traditional materials like PVC will escalate material demand.

Increasing preference towards receiving home treatment along with inability of severely ill patients to visit hospitals and clinics will prove favorable for the homecare setting. Hospitals are expected to dominate the overall revenue over the forecast years. Increasing prevalence of incontinence disorders; rising number of surgeries and medical casualties will boost the segment growth.

Germany medical fluid bags market accounted for the largest regional industry share and is anticipated to follow a similar trend over the forecast timeline. Increasing geriatric population along with growing prevalence of chronic diseases should propel demand. Strategic technological tie ups will further augment growth.

Mexico medical fluid bags market is forecast to grow at a lucrative rate over the forecast period owing to developing healthcare infrastructure and growing access to healthcare services. Increasing number of surgical procedures coupled with rising demand for cosmetic surgeries will boost industry expansion.
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