Medical Fluid Bags Market Size 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, Thermoplastic Elastomers, Thermoplastic Polyurethanes), By End-Use (Hospital, Blood Banks, Clinics, Homecare Settings, Diagnostic Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 - 2024

Published Date: May 2018  |  Report ID: GMI1677  |  Authors: Sumant Ugalmugale

Report Format: PDF   |   Pages: 250   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Medical Fluid Bags Market size was valued at USD 2.8 billion in 2017 and is expected to witness more than 6.5% CAGR from 2018 to 2024.
 

India Medical Fluid Bags Market, By Material, 2013 – 2024 (USD Million) 

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Rising prevalence of chronic diseases such as heart, kidney and liver disorders, cancer, diabetes and anaemia worldwide will serve to be a high impact rendering factor for medical fluid bags market growth. High incidences of gastrointestinal diseases among geriatric population such as bowel obstruction, Crohn’s disease and gastroschisis will fuel the demand for medical fluid bags. Treatment of these diseases require hospitalization to facilitate administration of drugs and nutrition thereby increasing the industry growth over the forecast period.
 

The number of surgical procedures is increasing across the globe owing to the growing number of healthcare centers in developed as well as emerging economies and advancements in healthcare facilities. Moreover, favourable reimbursement policies in regions such as North America and Europe will encourage patients to undergo expensive treatments. Growing patient base undergoing surgical procedures for treatment of various diseases will serve to be a high impact rendering factor that will drive the medical fluid bags market growth during the forthcoming years.
 

Wide use of Poly Vinyl Chloride (PVC) with DEHP plasticizer for manufacturing medical fluid bags is forecasted to hamper the market growth over the forecast period. These materials, on incineration, emit carcinogenic and toxic material that adversely affect humans as well as environment. Moreover, leaching out of DEHP plasticizer during medical procedures such as haemodialysis and administration of IV fluids will restrain industry growth to some extent. 
 

Medical Fluid Bags Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 2.8 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Forecast Period 2018 to 2024 CAGR: 6.5% 2024 Value Projection: 4.4 Billion (USD)
Pages: 250 Tables, Charts & Figures: 221
Geographies covered (17): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Brazil, Argentina, Mexico, South Africa, Saudi Arabia, UAE
Segments covered: Product, End-Use and Region
Companies covered (23): Amcor Ltd., Amsino International Inc., Baxter International, B. Braun Medical, Coloplast, ConvaTec, C.R. Bard, Inc., Eagle Flexible Packaging Inc., Fresenius Kabi, Hospira Inc., Kawasumi Laboratories, Inc., Kraton Corporation, Maco Pharma, Pall Corporation, Renolit, SIPPEX Medical Bags, Smiths Medical, Technoflex, Terumo, Thermo Fisher Scientific Inc., Westfield Medical Ltd., Wipak, Vonco Products, LLC
Growth Drivers:
  • Increasing geriatric population in Europe
  • Increasing prevalence of chronic diseases in North America
  • Rising number of premature births in Asia-Pacific
  • Growing number of healthcare centers and surgical procedures in North America and Europe
  • Growing healthcare awareness in Latin America and Middle East and Africa
  • Favorable reimbursement scenario in North America and Europe
Pitfalls & Challenges:
  • Environmental impact
  • Fragmented market

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Medical Fluid Bags Market, By Product

Drain bags segment of medical fluid bags market dominated the industry in 2017 with a revenue share of USD 867.5 million and will continue to dominate during forecast period owing to its wide applications in various surgical procedures. Rising prevalence of kidney related diseases such as diabetes, hypertension and renal failure among the geriatric population base leading to increasing number of surgical procedures will further accelerate the industry growth over the forecast period.
 

Breast milk bags segment is projected to grow at fastest rate of around 7.1% CAGR during the forecast period. Breast milk bags are widely used in developed as well as developing economies due to growing number of working women that makes it difficult to feed their babies at regular intervals. Increased usage of pre-sterilized breast milk bags with dependable closure to avoid leakages will stimulate segment growth over the coming years.
 

Medical Fluid Bags Market, By Material

Thermoplastic elastomer segment will grow at a robust CAGR of 6.8% over the forecast timeframe owing to its benefits over traditional PVC bags. Thermoplastic elastomers offer greater elongation, tear resistance and light weight than PVC bags. Additionally, capability of recycling renders thermoplastic elastomers, as potential replacement for widely used PVC bags that negatively hamper humans as well as environment thereby accelerating the segment growth of medical fluid bags market.
 

Polyolefins are widely used for manufacturing medical fluid bags and accounted for the largest market share with a revenue of USD 925.2 million in 2017. This is attributable to its high thermal stability, low leaching and extracting levels and excellent organoleptic properties. Polyolefins are highly unreactive in nature and eliminate the need of chemical analyzer due to its high stability. Aforementioned factors will drive the segment growth during the forthcoming years.
 

Medical Fluid Bags Market, By End-use

Blood banks segment accounted for USD 310.2 million in 2017 and is expected to grow during the forecast period. Growing number of blood banks in developed as well as developing countries coupled with various government initiatives for increasing awareness for blood donation is expected to increase the usage of medical fluid bags. Increasing demand for cellular therapies, customized vaccines and blood transfusion will fuel the demand for blood bags over the forecast period. Moreover, need for reliable blood storage during mobile donor sessions, transportation of blood samples to laboratory for testing and processing will further drive the medical fluid bags market growth.
 

Homecare settings segment is projected to witness highest growth rate of 6.8% over the forecast period. This is attributable to the increasing ageing population suffering from chronic diseases as well as favourable reimbursement policies that influence patients to undergo expensive treatments. Developments in healthcare facilities and increasing affordability of people owing to rising disposable incomes will boost the segment growth of medical fluid bags market over the coming years.
 

Medical Fluid Bags Market, By Region

Europe region dominated the medical fluid bags market with a revenue of USD 901 million in 2017 and is projected to grow at a significant rate over the forecast period. This is attributable to huge geriatric patient pool coupled with increasing incidences of age related chronic diseases such as cancer, kidney disorders and skin diseases. Favourable reimbursement policies and growing number of healthcare centers will fuel the regional growth during the forthcoming years.
 

Asia pacific medical fluid bags market is estimated to witness fastest growth rate of around 6.9% during the forecast period owing to increasing prevalence of chronic diseases. Growing disposable income and developments in healthcare facilities in the emerging economies will boost the regional growth. Moreover, increasing number of premature births leads to necessity of providing total parenteral nutrition to preterm babies thereby accelerating the demand for intravenous bags throughout the forecast period.
 

Competitive Market Share

Some of the prominent players of global medical fluid bags market are Amsino, B. Braun, Baxter, C.R.Bard, Coloplast, ConvaTec, Eagle, Fresenius Kabi, Hospira, Kawasumi Laboratories, Kraton, Maco Pharma, Pall Corporation, Renolit, Sippex, Smiths Medical, Technoflex, Terumo, Thermo Fisher, Vonco, Westfield Medical, Wipak. Industry players are focusing on strategic expansion through collaborations, acquisitions and partnerships to help the players strengthen and enhance the product portfolio. For instance, in March 2016, Becton Dickinson and Company partnered with Apax Partners to enhance respiratory solutions provided by the company.
 

Medical Fluid Bags Industry Background

Rising prevalence of chronic diseases such as cardiac diseases, musculoskeletal diseases and gastrointestinal diseases will drive global medical fluid bags industry. Increasing number of healthcare centers coupled with increasing number of surgical procedures worldwide will further augment industry growth over the forecast period. The industry is expected to witness rapid growth in the future owing to rising adoption of medical fluid bags among the geriatric patient pool. Availability of positive reimbursement scenario and ongoing research and development activities allows the key market players to maintain their market position.


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