The medical fluid bags market across Germany will gain significant traction through 2024 considering the expansion in the geriatric population. There is a growing prevalence of chronic diseases in the country. Besides, the surge in tie-ups amongst the companies to obtain multiple technological advantages will further favor the regional prospects for medical fluid bag systems.
The demand for various fluid bags is growing with the regulation of favorable reimbursement policies by Medicare and Medicaid. The present COVID-19 pandemic has also drawn a positive impact on the development of the product with the rise in the number of hospital admissions. However, the adverse effects caused on human beings and the environment together with the fragmented nature of the medical fluid bags market will hamper the production of medical fluid bags to a certain extent.
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The growing demand for cellular therapies, customized vaccines, and blood transfusion will fuel the adoption of medical fluid bags across the blood banks. There is a rise in awareness of blood donations in order to secure blood storage in instances of transportation and blood donation camps. On account of these factors, blood banks are anticipated to register significant revenues for the medical fluid bags market through 2024.
Medical institutions such as the Rush University Medical Center of Chicago used the small bags to mix prescribed drugs before administering them, while the Duke University Hospital in Durham had to switch to other methods of drug and saline administration within a very short period of time. The turmoil that the shortage of saline bags created worked as good indicator to highlight the prominence medical fluid bags market demands and the extent of potential it has in the years ahead. Add to it the rising incidences of chronic diseases and a cumulative geriatric population, and medical fluid bags industry trends are all set to observe a revolution.
According to experts, the IV solutions market witnessed significant upheaval in the United States in 2017, leading to a profitable growths spectrum for medical fluid bags industry as well. There had been rapid business development in the IV solution market when Pfizer bought Hospira and spun off its IV products to ICU Medical Inc., an infusion company. Another company that has a remarkable presence in the medical fluid bags industry, B. Braun Medical Inc., also owns a notable share of the medical fluid bags market.
Amcor, Amsino, Technoflex, Coloplast, Renolit, Baxter, Sippex, Thermofisher, Vonco, Terumo, Wipak, Kraton, Fresenius Kabi, Kawasumi Laboratories, Eagle, Smiths Medical, Maco Pharma, Westfield Medical, and Pall Corporation, are few other major market participants.
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Partial Chapter of the Table of Content
Chapter 5. Medical Fluid Bags Market, By Material
- 5.1. Key segment trends
- 5.2. PVC compounds
- 5.2.1. PVC compounds market, by region, 2013-2024 (USD Million)
- 5.2.2. PVC compounds market, by region, 2013-2024 (Kilotons)
- 5.3. Polyolefins
- 5.3.1. Polyolefins market, by region, 2013-2024 (USD Million)
- 5.3.2. Polyolefins market, by region, 2013-2024 (Kilotons)
- 5.4. Thermoplastic elastomers
- 5.5. Thermoplastic polyurethanes
- 5.7. Material substitution opportunities
Chapter 6. Medical Fluid Bags Market, By End-use
- 6.1. Key Medical Fluid Bags Market segment trends
- 6.2. Hospital
- 6.2.1. Hospital market by region, 2013-2024 (USD Million)
- 6.2.2. Hospital market by region, 2013-2024 (Kilotons)
- 6.3. Blood banks
- 6.3.1. Blood banks market by region, 2013-2024 (USD Million)
- 6.3.2. Blood banks market by region, 2013-2024 (Kilotons)
- 6.4. Clinics
- 6.4.1. Clinics market by region, 2013-2024 (USD Million)
- 6.4.2. Clinics market by region, 2013-2024 (Kilotons)
- 6.5. Homecare settings
- 6.5.1. Homecare settings market by region, 2013-2024 (USD Million)
- 6.5.2. Homecare settings market by region, 2013-2024 (Kilotons)
- 6.6. Diagnostic centers
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