Press release
Medical Fluid Bags: Essential Containers for Safe and Efficient Delivery of Medical Liquids
Medical fluid bags are containers designed for holding and administering various medical liquids such as intravenous fluids, medications, blood products, and biological samples. They are usually made of a flexible, sterile material and are equipped with a connection for an IV tubing or a needle for injection. The bags come in various sizes and capacities and are used in various healthcare settings, including hospitals, clinics, emergency medical services, home healthcare, and laboratories.
According to the report published by Allied Market Research, the global medical fluid bags market generated $3.5 billion in 2020, and is projected to reach $6.05 billion by 2030, witnessing a CAGR of 5.5% from 2021 to 2030.
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The rise in incidences of various chronic conditions, including diabetes, cancer, cardiovascular diseases, kidney and liver infections, is among the key drivers propelling the growth of the medical fluid bags market globally.
Impact of COVID-19 on Medical Fluid Bags Market-
The outbreak of the COVID-19 pandemic had a large economic impact, inflicting significant loss across many countries, which in turn, resulted in financial adversities in the healthcare sector.
Furthermore, factors such as supply chain disruptions and raw material shipment delays, have affected the antipsychotic drugs industry growth.
On the other hand, rise in the demand for intravenous bags used in IV therapy supplemented the market growth even more.
Get detailed COVID-19 impact analysis on the Medical Fluid Bag Market-
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Which segments use in Medical Fluid Bags?
Medical fluid bags are used in various segments, including:
Hospitals and clinics for administering intravenous fluids, medications, and blood transfusions.
Emergency medical services for administering fluids during transport and for providing fluid resuscitation in the field.
Home healthcare for patients who require long-term intravenous therapy.
Laboratories for collecting and storing biological samples.
Pharmaceutical companies for the production, storage, and transportation of drugs and other fluids.
Based on region, the global antipsychotic drugs market across North America contributed to the highest share in terms of revenue in 2020, holding more than one-third of the total market share, and is estimated to continue its dominant share by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 6.3% during the forecast period.
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Here are the top 10 companies in the medical fluid bags market:
B. Braun Melsungen AG
Baxter International Inc.
Fresenius SE & Co. KGaA
Terumo Corporation
Hospira (Pfizer Inc.)
Nipro Corporation
Becton, Dickinson and Company
Gerresheimer AG
ICU Medical, Inc.
Grifols S.A.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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