Coherent Market Insights

Pressure Infusion Bags Market to Surpass US$ 490.7 Mn by 2030

Pressure Infusion Bags Market to Surpass US$ 490.7 Mn by 2030 - Coherent Market Insights

Publish In: Feb 01, 2023

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. These bags are used in parenteral fluids IV bags where the pressure causes the fluid to be infused more quickly into patient. Pressure infusion bags allow an effective and safe delivery of intravenous treatments.

Market Statistics:

The global Pressure Infusion Bags Market is estimated to account for US$  319.0 Mn in terms of value by the end of 2023.

Drivers:

Increase in demand for or use of pressure infusion bags across the globe is expected to drive growth of the global pressure infusion bags market over the forecast period. 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.

Opportunities:

Increase in prevalence of chronic diseases and rise in emergency transfusion cases is expected to offer significant growth opportunities for players in the global pressure infusion bags market. For instance, According to the American Cancer Society, in 2022, around 1.9 million new cancer cases will be diagnosed in the U.S. and there will be over 609,360 cancer deaths. Pressure infusion bags are use in the cancer treatment for administering treatment drugs and therapies.

Moreover, with the increase in number of road accidents and other accidents, surgeries, and other medical conditions (which requires intravenous fluids), the demand for pressure infusion bags is also increasing with a rapid pace. According to Ministry of Road Transport and Highways report 'Road accidents in India - 2021', there were over 412,432 unfortunate incidences of road accidents during 2021 which claimed 153,972 lives and caused injuries to 3, 84,448 persons.

Restraints:

Lack of awareness and lack of skilled/trained personnel is expected to hamper the growth of the global pressure infusion bags market. For instance, even though many countries have programs of extension and education for infusion therapy, the lack of awareness as well as dearth of skilled or trained personnel/professionals or proper training for physicians and nursing staff affects the use of pressure infusion bags. However, pressure infusion bags which are mostly used to minimize the chances of cross-contamination during fluid infusion process, makes them safe and effective tools to ensure the patient’s safety.

Global Pressure Infusion Bags Market - Impact of Coronavirus (Covid-19) Pandemic:

Outbreak of COVID-19 had a positive impact on the pressure infusion bags market. The demand for pressure infusion bags surged considerably during the pandemic, as the number of COVID-19 cases increased at a faster rate with growing hospital admissions. In February 2021, the U.S. Food and Drug Administration (FDA) approved the use of Regeneron's monoclonal antibody infusion to treat COVID-19 patients, which in turn increased the demand for monoclonal antibody infusion. In short, the market is significantly impacted by the COVID-19 pandemic.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/pressure-infusion-bags-market-5520

Key Takeaways:

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.

Among product type, disposable segment held dominant position in the global pressure infusion bags market in 2022, accounting for 57.5% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Market Trends:

One of the key trends expected to boost the growth of the global biosurgery market is the increase in research and development funding and technological advances. Medical device manufacturing companies worldwide are investing heavily in R&D of next-generation technologies and therapies for the treatment of a variety of diseases, revolutionizing the pressure infusion bags market.

Moreover, technological advancements are playing a very crucial role as new advancements and innovations are not only smoothening the manufacturing process of devices and/or equipment but also increasing their efficiency and array of application of their use.

Competitive Landscape:

Major players operating in the global pressure infusion bags market include 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.

Recent 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.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports


Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail


Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Created billion dollars of revenue impact on thousands of clients

trusted clients logo
LogoCredibility and Certifications

Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.