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Medical Fluid Bags Market Trends

Report ID: GMI1677
Published Date: Jun 2023
Report Format: PDF

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Medical Fluid Bags Market Trends

The growing prevalence of chronic diseases and favorable initiatives focused on increasing health awareness among the population will drive the medical fluid bags industry through 2032. Lifestyle-related chronic disorders comprising musculoskeletal diseases, cardiovascular disorders, etc., have been on the surge across the globe. As per the WHO, in 2020, cancer claimed the lives of around 10 million individuals worldwide. Patients suffering from diabetes, liver disorders, and cancer, among others, require long-term hospitalization. This further augments the need for the administration of drugs & medicine and parenteral nutrition, which will favor the adoption of medical fluid bags in the long-term perspective.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

Global market for medical fluid bags surpassed USD 3.5 billion in 2022 and is poised to depict over 5.5% CAGR between 2023 and 2032 due to rising health awareness across developing economies.

The drain bags segment held around 29% share of the market in 2022, driven by the prevalence of chronic diseases such as diabetes, hypertension, kidney diseases, etc.

The medical fluid bags market size from the hospital segment could reach over USD 2 billion by 2032 due to a notable rise in the number of patients undergoing treatment across these facilities.

North America medical fluid bags industry garnered over USD 975 million in revenue in 2022, credited to the expanding geriatric population base and robust strategic landscape.