PRESSURE INFUSION BAGS MARKET ANALYSIS

Pressure Infusion Bags MarketSize and Trends

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 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.