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.
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