PRESSURE INFUSION BAGS MARKET ANALYSIS

The global pressure infusion bags market was valued at US$ 301.1 Mn in 2022 and is forecast to reach a value of US$ 490.7 Mn by 2030 at a CAGR of 6.3% between 2023 and 2030. The global pressure infusion bags market is experiencing strong growth due to the rise in prevalence of chronic diseases and rise in emergency transfusion cases across the world. Moreover, increase in demand for pressure infusion bags and increasing research and development is expected to boost growth of the market. However, factors such as dearth of skilled or trained personnel/professionals and the lack of awareness of handling the blood products are expected to hamper the growth of the global pressure infusion bags market.

Global Pressure Infusion Bags Market: Regional Insights

Based on geography, the global pressure infusion bags market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period owing to the increasing prevalence of chronic diseases and surge in emergency transfusion cases in the region. For instance, with the increase in prevalence of cancer, the use or demand for pressure infusion bags is also increasing, as they are used in the cancer treatment for administering treatment drugs and therapies. According to the American Cancer Society (ACS), in 2022, around 1.9 million new cancer cases will be diagnosed in the United States and there will be over 609,360 cancer deaths. This in turn is expected to propel the growth of the market.

Asia Pacific is also expected to witness robust growth in the global pressure infusion bags market due to the increasing prevalence of cancer and technological advancements and increasing research and development initiatives in the region. For instance, the prevalence of cancer is increasing with the rapid pace. For instance, according to the cancer report by Indian Council of Medical Research (ICMR), India’s cancer cases are expected to increase by 12% over the next five years, with around 1.5 million people expected to suffer from the non-communicable disease by 2025, up from 1.39 million in 2020. This in turn is driving the market growth.

Figure 1. Global Pressure Infusion Bags Market Share (%), by Region, 2023

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Global Pressure Infusion Bags Market Drivers:

Rise in burden of chronic diseases to propel market growth

One of the key factors expected to augment the growth of the global pressure infusion bags market during the forecast period is the increase in prevalence of chronic diseases across the world. With the rise in burden of chronic diseases, such cancer, the use of or demand for pressure infusion bags is also increasing rapidly. Pressure infusion bags are use in the cancer treatment for administering treatment drugs and therapies. According to the World Health Organization (WHO), cancer is one of the leading cause of death worldwide, accounting for nearly ten million deaths in 2020, or nearly one in six deaths. This is driving the growth of the market.

Rise in emergency transfusion cases to drive market growth

Another factor which is driving the growth of the global pressure infusion bags market is the rise in emergency transfusion cases. For instance, with the increase in number of road accidents and other accidents, surgeries, and/or other medical conditions (which requires intravenous fluids), the demand for pressure infusion bags is also increasing. Road accidents continue to be a leading cause of death, disabilities, and hospitalizations in India. According to the World Bank Report on road accidents in India (released in February 2021), India accounts for about 11% of total road accident deaths worldwide with just 1% of the global vehicles in the country.

Global Pressure Infusion Bags Market Opportunities:

Increase in demand for pressure infusion bags worldwide is expected to provide significant growth opportunities for players in the global pressure infusion bags market. For instance, market players are focusing on developing and launching novel products in the market or involved in the strategic collaboration with other market players for both the product development and commercialization. In April 2022, Fresenius Kabi announced the launch of the calcium gluconate in sodium chloride injection in ready-to-administer freeflex. It is an innovative, non-PVC and non-DEHP, multilayer polyolefin film bag that promotes the safety and convenience of infusion therapy.

Increasing research and development is expected to offer lucrative growth opportunities for players in the global pressure infusion bags market. For instance, in May 2021, Smiths Medical and Ivenix, Inc. teamed up to offer a comprehensive suite of infusion management solutions for the healthcare needs in the United States. Moreover, the global investment in research and development (R&D) in the medical fields by the governments and other entities have also increased manifold. This in turn is expected to aid in the growth of the global pressure infusion bags market.

Global Pressure Infusion Bags Market Trends:

Rise in research and development funding is a recent trend

Medical technology and device manufacturing companies across the globe are investing heavily in research and development (R&D) of next-generation technologies or therapies for the treatment of a variety of diseases, which may revolutionize the pressure infusion bags market. The market is currently revolutionizing the treatment regimen for various diseases, and the market is in a drastic developmental phase right now. This trend is expected to continue over the forecast period, driving the growth of the global pressure infusion bags market.

Technological advancements is another trend

Technological advancements are playing a very crucial role as new advancements and innovations are not only smoothening the manufacturing process of devices and equipment but also increasing their efficiency and array of application of their use. Moreover, players in the market are actively involved in the research and development of new technologies and therapies. This trend is expected to continue during the forecast period, driving the market growth.

Global Pressure Infusion Bags Market Restraints:

Lack of skilled personnel to hinder market growth

One of the key factors expected to hamper the growth of the global pressure infusion bags market is the dearth of skilled or trained personnel/professionals. Even though many countries worldwide have programs of extension and education for infusion therapy, the lack of awareness and dearth of skilled/trained personnel/professionals or proper training for physicians and nursing staff affects the use of pressure infusion bags.

Lack of awareness to hamper the market growth

Another factor which is hampering the growth of the global pressure infusion bags market is the lack of awareness of handling the blood products. Even though several countries worldwide have programs of extension and education for infusion therapy, the lack of awareness of handling the blood products affects the use of pressure infusion bags. Pressure infusion bags which are mostly used to minimize the chances of cross-contamination during fluid infusion process, makes them an effective tools to ensure patient’s safety.

Figure 2. Global Pressure Infusion Bags Market Share (%), by Product Type, 2023

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Global Pressure Infusion Bags Market Segmentation:

The global pressure infusion bags market report is segmented into Product Type, Material, Application, End Users, and Region.

Based on Product Type, the market is segmented into Reusable and Disposable. Out of which, Disposable Segment is expected to dominate the pressure infusion bags market over the forecast period and this is attributed to the increase in use of disposable pressure infusion bags. The use of disposable pressure infusion bags prevents cross contamination and eliminates costly cleaning and repairs of reusable bags.

Based on Material, the market is segmented into Nylon, Polyurethane, and Others. Out of which, Nylon Segment is expected to dominate the market over the forecast period and this is attributed to the rise in usage of nylon to make pressure infusion bags. Nylon bags provide excellent abrasion and wear resistance, has high tensile and compressive strength, and low coefficient of friction.

Polyurethane Segment is also expected to witness significant growth in the near future and this is due to the rise in usage of polyurethane to make pressure infusion bags. Durable, easy-to-clean, polyurethane allows pressure infusion bags to be re-used if desired.

Based on Application, the market is segmented into Blood and Drug Infusion and Invasive Pressure Monitoring Procedures. Out of which, Blood and Drug Infusion Segment is expected to dominate the market over the forecast period and this is attributed to the increase in emergency transfusion cases worldwide.

Based on End Users, the market is segmented into Hospitals and Clinics, Outpatient Facilities, and Others. Out of which, Hospitals and Clinics Segment is expected to dominate the market over the forecast period and this is attributed to the rise in patient population and rise in prevalence of chronic diseases across the world.

Global Pressure Infusion Bags Market: Key Developments

In May 2021, Smiths Medical announced it has formed an exclusive partnership with Ivenix, Inc. to offer a comprehensive suite of infusion management solutions to meet healthcare needs across the continuum of care. The long-term partnership unites two innovators under a common goal of revolutionizing infusion management to improve patient safety and meet the needs of healthcare providers today and into the future.

In December 2020, Eakin Healthcare Group announced that it is expanding into a new therapeutic area with the acquisition of Coleraine based Armstrong Medical, which specialises in respiratory care products. The deal represents a diversification for the Group which to date has specialised in ostomy and wound care products.

Global Pressure Infusion Bags Market: Key Companies Insights

The global pressure infusion bags market is highly competitive. This is attributed to the increase in demand for pressure infusion bags worldwide, as a result, players in the market are focusing on launching novel products in the market.

Some of the key players in the global pressure infusion bags market are Vaira Medical Inc., Tap medic LLC, Sun Med, Smiths Group PLC, Sestet AG & Co. KG, Salter Labs, Merit Medical Systems Inc., Eakin Healthcare Group, and Guangzhou AMK Medical Equipment Co. Ltd.

*Definition: Pressure infusion bag is a specially designed cuff and bladder device often used to pressurize sterile parenteral fluids (such as blood or IV solutions) to provide for rapid infusion into patients suffering from hypovolemia and its complications.