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Medical Fluid Bags Market Top Key Players are Amsino International Inc., Amcor, Baxter International Inc., B. Braun Medical, Coloplast, CR Bard, Fresenius Kabi, Hospira, Macopharma, RENOLIT, Smiths Medical, Thermo Fisher Scientific

08-02-2018 11:44 AM CET | Health & Medicine

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Medical Fluid Bags Market

Medical Fluid Bags Market

The expansive growth of the healthcare space has led to medical fluid bags market witnessing an ever-rising projectile in the recent years, given the indispensability of medial fluid bags before, during and after medical procedures. One of the most exemplary incidences that brought forth the creativity of medical fluid bags market players was the hurricane Maria. After the tornado devastated Puerto Rico in the late 2017, the United States faced a critical shortage of IV bags and solutions which were mostly sourced from Puerto Rico. As prominent hospitals scrambled to find alternative supply and solutions, numerous industry firms had begun to devise innovative means of administering drugs and fluids to patients.

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The product that got affected the most and wrecked a havoc on the medical community was sodium chloride, better known as saline. This ubiquitous solution is largely used to rehydrate patients and to dilute medications from pain killers to antibiotics to cancer drugs. Hurricane Maria caused damage in facilities and the loss of multiple production days in Puerto Rico, bringing about a shortage in not only small saline solution bags but also various medicines that are manufactured in the island country.

Medical institutions such as the Rush University Medical Center of Chicago used the small bags to mix prescribed drugs before administering them, while the Duke University Hospital in Durham had to switch to other methods of drug and saline administration within a very short period of time. The turmoil that the shortage of saline bags created worked as good indicator to highlight the prominence medical fluid bags market demands and the extent of potential it has in the years ahead. Add to it the rising incidences of chronic diseases and a cumulative geriatric population, and medical fluid bags industry trends are all set to observe a revolution.

Growth Drivers:
1. Increasing geriatric population in Europe
2. Increasing prevalence of chronic diseases in North America
3. Rising number of premature births in Asia-Pacific
4. Growing number of healthcare centers and surgical procedures in North America and Europe
5. Growing healthcare awareness in Latin America and Middle East and Africa
6. Favorable reimbursement scenario in North America and Europe

Some of the prominent players of global medical fluid bags market are Amsino, B. Braun, Baxter, C.R.Bard, Coloplast, ConvaTec, Eagle, Fresenius Kabi, Hospira, Kawasumi Laboratories, Kraton, Maco Pharma, Pall Corporation, Renolit, Sippex, Smiths Medical, Technoflex, Terumo, Thermo Fisher, Vonco, Westfield Medical, Wipak.

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According to experts, the IV solutions market witnessed significant upheaval in the United States in 2017, leading to a profitable growths spectrum for medical fluid bags industry as well. There had been rapid business development in the IV solution market when Pfizer bought Hospira and spun off its IV products to ICU Medical Inc., an infusion company. Another company that has a remarkable presence in the medical fluid bags industry, B. Braun Medical Inc., also owns a notable share of the IV solution market.

Baxter, despite being a dominant player in the U.S. IV solutions market, failed to provide the saline bags from its Puerto Rican production facility that jeopardized several medical institutions. The Food and Drug Administration had to finally step in and give Baxter International the permission to import saline and other IV solutions from its manufacturing facilities in Australia and Ireland to ease shortages in the United States. The rapidly increasing demand for IV solutions, especially among the elderly, owing to swallowing difficulties will thus push medical fluid bags market outlook.

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