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Global Market Insights Inc. presents the Medical Fluid Bags Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.
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Medical Fluid Bags Market: Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2032
Industry Insights • Medical Fluid Bags Market is poised to exhibit a decent growth rate between 2023 and 2032, attributed to the rising number of premature births. • Preterm birth and related complications are the leading cause of death among newborns in Asia Pacific countries. • According to the WHO report, India contributes 60% of the world's premature deliveries. In India, an estimated 15 million babies are born preterm every year. • Babies that survive premature births may face chronic conditions that require long-term follow-up. • These adverse events, in line with the rise in chronic diseases in premature babies, are anticipated to expedite the adoption rate of medical fluid bags for precise fluid, electrolyte, and nutrition management.
Regarding the product, the dialysis bags segment could reach over USD 930 million by 2032. The rising prevalence of diabetes and hypertension, which are risk factors for kidney diseases, is driving the demand for dialysis and related supplies. • Improved access to healthcare services has contributed to the increased demand for dialysis treatments, which will favor the uptake of medical fluid bags. • Furthermore, advancements in dialysis technology have improved treatment options and efficiency, further boosting the need for these products. • With respect to material, the medical fluid bags market share from the PVC compounds segment is estimated to be worth over USD 1.5 billion by 2032. PVC compounds are widely used in medical fluid bags due to their excellent compatibility with various fluids, ensuring the integrity and safety of contents. • The flexibility of PVC allows for diverse bag sizes and shapes, catering to different healthcare settings. Moreover, PVC is cost-effective compared to alternative materials, enabling affordable production and widespread availability of medical fluid bags.
Regional Analysis • The European medical fluid bags market was valued at over USD 1.1 billion in 2022, driven by factors like the rising prevalence of chronic diseases, increasing surgical procedures, and the need for efficient fluid management in healthcare. Advancements in medical technology have led to innovative fluid bag systems, enhancing safety and ease of use. • Competitive Analysis • Baxter International • B. Braun Medical • Coloplast • Macopharma • Thermo Fisher Scientific • ConvaTec
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