New York, NY, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Medical Fluid Bags Market by Product (Blood Bags, Intravenous Bags, Drain Bags, Enema Bags, Biohazard Disposable Bags, Breast Milk Bags, Reagent Bags, and Dialysis Bags), by Material (PVC Compounds, Polyolefins, Thermoplastic Elastomers, and Thermoplastic Polyurethanes), by End-Use (Hospital & Clinics, Blood Banks, Homecare Settings, and Diagnostic Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2024”. According to the report, global medical fluid bags market was valued at approximately USD 2.44 billion in 2017 and is expected to reach around USD 3.71 billion by 2024, growing at a CAGR of 6.72% between 2018 and 2024.
The inpatient hospital care has shown remarkable growth over the past decade. Inpatient care is the care of patients whose condition requires admission to a hospital. During the hospital stay often there is a need for fluid replacement therapy. This therapy is carried out to provide proper body fluid collection and maintain the nutrition status of the patient. In this type of therapy, medical fluid bags play a vital role; the bags are becoming an essential part of inpatient care. These are used to collect body fluids and maintain the body’s nutrition status through oral or enteral routes. Apart from use in hospital care, these bags are also used in dialysis, biohazard disposal, blood transfusion, and blood storage facilities. Owing to the large-scale use of medical fluid bags in different medical sectors the global medical fluid bags market has shown a positive industrial growth in recent years.
Browse through 41 Tables & 12 Figures spread over 110 Pages and in-depth TOC on “Global Medical Fluid Bags Market: Industry Type, Size, Share, Trends and Forecast, 2018 - 2024”.
Request Free Sample Report of Global Medical Fluid Bags Market Report @ https://www.zionmarketresearch.com/sample/medical-fluid-bags-market
Rising prevalence of chronic diseases such as heart, kidney, liver disorders, cancer, and diabetes worldwide is one of the key factors for medical fluid bags market growth. Soaring incidences of gastrointestinal diseases among elderly population such as bowel obstruction, gastroschisis and the stipulated demand for medical fluid bags for patient care and disease management are some other factors driving the growth of medical fluid bags market. Chronic diseases require long-term hospitalization, which, in turn, facilitates administration of medicine, drugs, and nutrition by infusion, and intravenous therapy. The growing patient pool around the world undergoing surgical procedures for the treatment of various chronic diseases will boost the medical fluid bags market growth during the forthcoming years.
However, widespread use of polyvinyl chloride with Di(2-ethylhexyl)phthalate for manufacturing of medical fluid bags may hamper the market growth over the forecast period. Fluid bags manufactured from these materials emit cancer causing toxic materials that are harmful to humans as well as environment. Moreover, the release of Di(2-ethylhexyl)phthalate during medical procedures such as hemodialysis and administration of IV fluids might hinder the industry growth to some extent. Growing technological advancements in the production and design of polymer bags and pouches for a diverse range of medical applications are expected to offer lucrative business opportunities in the future.
Download Free PDF Report Brochure: https://www.zionmarketresearch.com/requestbrochure/medical-fluid-bags-market
On the basis of the product type, the global medical fluid bags market is segmented into drain bags, blood bags, breast milk bags, dialysis bags, intravenous bags, enema bags, reagent bags, and biohazard disposable bags. Among these, drain bags segment dominated the medical fluid bags market in 2017 and is expected to lead the market owing to its wide applications in various medical treatments and surgical procedures. The demand for blood bags in blood banks, hospitals, diagnostic labs is expected to poise the growth of blood bags segment in the coming years. Breast milk bags was the fastest growing segment due to the increasing birth rate and rising number of working women.
On the basis of material type, the market is divided into PVC, thermoplastic polyurethanes, elastomers, and polyolefins. Among these, the thermoplastic elastomers segment was the major revenue grossing segment in 2017. The end-user segment includes hospital & clinics, blood banks, homecare settings, and diagnostic centers. Blood banks segment was the leading segment in end-users and held the dominant share in terms of revenue in 2017. According to the WHO (World Health Organization), 112.5 million blood donations are collected globally. Escalating demand for blood bags in blood transfusion, chemotherapies, and growing number of blood banks in developed as well as developing countries is expected to drive the blood bank segment in the future.
Request for Discount on This Report: https://www.zionmarketresearch.com/requestdiscount/medical-fluid-bags-market
North America was the leading regional segment in the medical fluid bags market with more than 40% share of the total market. The U.S. was the leading segment with the highest growth rate due to the presence of advanced healthcare facilities. The U.S. dominated the medical fluid bags market owing to the high prevalence of chronic diseases. According to current stats provided by the National Institute of Health U.S. more than 21.7 million people are hospitalized for digestive diseases. These digestive diseases include abdominal wall hernia, diverticular disease, Crohn’s disease, gastrointestinal infections, pancreatitis, etc. Furthermore, the presence of advanced healthcare infrastructure and the increasing demand for medical fluid bags in blood banks is accelerating the growth of the medical fluid bags market in North America.
Europe was the second largest market followed by the Asia Pacific. The growth in this region was majorly due to the increasing geriatric patient pool coupled with increasing incidences of chronic diseases such as heart disease, cancer, and kidney and digestive disorders. Favorable reimbursement policies and a growing number of healthcare centers are positively impacting the growth of European medical fluid bags market.
Browse the full "Medical Fluid Bags Market by Product (Blood Bags, Intravenous Bags, Drain Bags, Enema Bags, Biohazard Disposable Bags, Breast Milk Bags, Reagent Bags, and Dialysis Bags), by Material (PVC Compounds, Polyolefins, Thermoplastic Elastomers, and Thermoplastic Polyurethanes), by End-Use (Hospital & Clinics, Blood Banks, Homecare Settings, and Diagnostic Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2024" report at https://www.zionmarketresearch.com/report/medical-fluid-bags-market
The Asia Pacific is expected to witness the fastest growth in the near future. China and India dominated the Asia Pacific medical fluid bags market. Demand for improved medical facilities, growing investments in healthcare infrastructure, increasing healthcare expenditure, and the rising prevalence of chronic diseases is boosting the growth of the medical fluid bags market in the Asia Pacific region. In addition, rising geriatric population is fostering the growth of the medical fluid bags market in the Asia Pacific.
Latin America and the Middle East & Africa are emerging markets growing at a significant speed. Increasing healthcare sector in Brazil and Rest of Latin America is projected to fuel the market growth in the forecast period. The Middle East & Africa is estimated to witness steady growth during the forecast period.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/medical-fluid-bags-market
Some of the key players in medical fluid bags market include B. Braun, Terumo, Baxter, Fresenius Kabi, Hospira, Kawasumi Laboratories, Kraton, Maco Pharma, Pall Corporation, Westfield Medical,Amsino,Coloplast, Renolit, C.R.Bard, Thermo Fisher,Sippex, Smiths Medical, Technoflex, and ConvaTec, among others.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/3428
This report segments the global medical fluid bags market as follows:
Global Medical Fluid Bags Market: Product Segment Analysis
- Blood Bags
- Intravenous Bags
- Drain Bags
- Enema Bags
- Biohazard Disposable Bags
- Breast Milk Bags
- Reagent Bags
- Dialysis Bags
- Other
Global Medical Fluid Bags Market: Materials Segment Analysis
- PVC Compounds
- Polyolefins
- Thermoplastic Elastomers
- Thermoplastic Polyurethanes
Global Medical Fluid Bags Market: End-user Segment Analysis
- Hospital and Clinics
- Blood Banks
- Homecare Settings
- Diagnostic Centers
Global Medical Fluid Bags Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Medical Disposables Market: https://www.zionmarketresearch.com/report/medical-disposables-market
- Physiotherapy Devices Market: https://www.zionmarketresearch.com/report/physiotherapy-devices-market
- Vascular Stent Market: https://www.zionmarketresearch.com/report/vascular-stents-market
- Ophthalmic Ultrasound Imaging Systems Market: https://www.zionmarketresearch.com/report/ophthalmic-ultrasound-imaging-systems-market
- Fundus Cameras Market: https://www.zionmarketresearch.com/report/fundus-cameras-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://www.intenseresearch.com | http://www.mrsresearchgroup.com | http://www.marketresearchtrade.com | https://qyresearchgroup.com | http://marketnreports.com | https://zmrnewsjournal.us | http://www.e-marketresearch.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com