PRESSURE INFUSION BAGS MARKET ANALYSIS

Market Challenges And Opportunities

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 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.