Pressure Infusion Bags Market

Pressure Infusion Bags Market Size and Growth Rate (2023-2028)

The Global Pressure Infusion bags market is estimated to be valued at USD 320.40 million in 2023 and grow to USD 460.20 million by 2028, anticipated to exhibit a CAGR of 5.60% during the projected period.

Impact of Covid-19 on the Pressure Infusion Bags Market:

The pandemic situation has positive impact on the pressure infusion bags market. The rising number of pandemic cases increased the hospital emergency which rise the demand for the pressure infusion bag market. Hospitals and healthcare facilities worldwide faced a significant increase in patient admissions, particularly in critical care settings, which required a higher volume of medical equipment and supplies including pressure infusion bags which rises the growth of the market during a pandemic. The strict regulations such as lockdown, social isolation, and strict restrictions had led to disruption in the supply chain in every sector similarly pressure infusion bag market also faced the issue of disruption in the supply chain which affected the production and distribution facilities, during the pandemic many people adopt digital healthcare solution due to fear of widespread of coronavirus, the digital tools such as telehealth and remote patient monitoring have influenced the demand for pressure infusion bags designed for home care settings, where patients managed remotely by healthcare professionals. The pandemic crisis has significant impact on the pressure infusion bag market.

MARKET DRIVERS:

The key factor that boosts the market growth is a rise in the burden of chronic disease.

There are rapidly rising burden of chronic diseases across the globe. According to the international agency for cancer research, estimated that globally there were 22 million cancer cases in 2022 and it is anticipated that by 2028, the global burden is expected to grow to 34 million, also there are 422 million cases of diabetes worldwide, With the rapidly rising burden of chronic diseases such as cancer, diabetes, rapidly boost the demand for pressure infusion bags. These bags are used in the treatment of cancer for administrating treatment of drugs and therapies. This boosted the demand for pressure infusion bags and the growth of the market during the projected period.

Another major factor that favors the market growth is rise in the emergency transfusion cases. There is a rapid rise in the number of road accidents and other accidents, surgeries, and other medical conditions, which directly relates to the rise in the demand for pressure infusion bags. Road accidents continue to be the leading cause of death, disabilities, and hospitalization in India, pressure infusion bags specially designed used to pressurize sterile parenteral fluids such as blood to provide rapid infusion into patients suffering from any condition, rapidly rising demand for the market during the projected period.

The major driver driving the market growth of the pressure infusion bags market is the growing geriatric and immunocompromised populations boosting the demand for this market. As the global population ages, there is an increased prevalence of age-related medical conditions and chronic illnesses, that often require medical treatment such as intravenous therapies, blood transfusion, and medication, which can need the use of pressure infusion bags to ensure the safe and efficient delivery of fluids. These bags are used in home care settings to ensure safe and controlled fluid administration, allowing patients to receive the necessary treatment without hospitalization fueling the growth of the market during the projected period.

The other factor which propels the market growth is the growing demand for infusion therapies, hospital and healthcare facility usage, emergency medicine and trauma care, technological advancement, and focus on infection control contribute to the overall growth of the market during the projected period.

MARKET RESTRAINTS:

Every sector has some positive driving factors and also has some restraining factors that limit the growth of the market. Death of skilled personnel, pressure of pricing, and lack of awareness of handling the blood products restrict the growth of the market. The pressure infusion bags are subject to cost containment efforts, affecting the profit margin for the manufacturer and potentially limiting the development of advanced features. Due to a lack of awareness or improper training in handling blood products and intravenous equipment, insufficient education and training can lead to improper usage and potential risks to patients. Stringent regulatory compliance can be time-consuming and costly for manufacturers, potentially impacting market growth. Environmental concerns led to the use of single-pressure infusion bags pose challenges for traditional product manufacturers. This factor could restrain the market growth during the projected period.

REPORT COVERAGE:

This research report on the Pressure Infusion Bag Market has been segmented and sub-segmented based on the product, material, application, end-user and region.

Pressure Infusion Bag Market- Based on Product Type

• Reusable
• Disposable

Based on Product Type, the Disposable Segment is expected to dominate the pressure infusion bags market at the fastest CAGR during the projected period and this is attributed to the increase in the use of disposable pressure infusion bags. The rising use of disposable pressure infusion bags helps to prevent cross-contamination and eliminates costly cleaning, this factor drives the market growth during the projected period.

Reusable pressure infusion bags are also anticipated to dominate the market at a steady CAGR during the projected period.

Pressure Infusion Bag Market- Based on Material Type

• Nylon
• Polyurethane
• Others

Based on the material type, Nylon Segment is anticipated to dominate the market at the highest CAGR during the projected period and this is attributed to the rise in usage of nylon to make pressure infusion bags. Nylon bags provide excellent abrasion and wear resistance also it has high tensile and compressive strength, and a low coefficient of friction, as more benefits are associated with this segment, hence this segment is anticipated to dominate the market in upcoming years.

Polyurethane is another Segment expected to witness significant growth in the upcoming year, due to the rise in usage of polyurethane to make pressure infusion bags. Durable, easy-to-clean, polyurethane allows pressure infusion bags to be re-used if desired, hence this segment is also anticipated to fuel the market growth during the projected period.

Pressure Infusion Bag Market- Based on Application

• Blood,
• Drug Infusion
• Invasive Pressure Monitoring Procedures

Based on Application, the Blood segment is anticipated to dominate the pressure infusion bag market during the projected period. Blood transfusion is used in various healthcare settings including hospitals, emergency rooms, and surgical centers, the pressure infusion bags play a crucial role in the safe and controlled administration of blood and blood products to patients in need, patients undergoing surgeries, or managing chronic condition require blood transfusion leading to a rise in the demand for pressure infusion bags in blood segment and fuels the market growth.

Drug Infusion is another segment expected to dominate the market during the projected period. The rising incidence of chronic diseases led to an increased demand for long-term drug-infusion therapies, pressure infusion bags play a crucial role in the controlled and accurate administration of medication during this treatment. After the pandemic, due to the emerging trend of home healthcare expanding the use of drug infusion therapies outside of traditional hospital settings demand for the pressure infusion bag led to fuels the growth of the market during the forecasted period.

Pressure Infusion Bag Market- Based on End-users

• Hospitals and Clinics
• Outpatient Facilities

Based on End-user, Hospital and clinic segment held the largest market share in 2022 and is anticipated to continue to dominate the market during the projected period. The rise in the patient population and increasing prevalence of chronic diseases across the globe contribute to the overall growth of the market in the upcoming years.

Outpatient facilities are another segment anticipated to dominate the market at a significant CAGR during the projected period.

Pressure Infusion Bag Market- Based on Region

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa

North-America region is anticipated to hold the largest market share during the projected period. Factors such as the rising prevalence of chronic disease and emergency transfusion cases in the region contribute to the rise in the demand for pressure infusion bags in this region. With the rising prevalence of cancer, the use or demand for pressure infusion bags is also rising, as they are used in cancer treatment for administering treatment drugs and therapies. According to the American Cancer Society (ACS), in 2022, around 2.1 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 favor the growth of the market.

The Asia-pacific region is expected to dominate the market at the fastest CAGR during the forecasted period. The rising prevalence of cancer, technological advancement, and rising research and development initiatives in the region fueling the market growth. There is a rapidly rising prevalence of cancer in this region. According to the cancer report by the Indian Council of Medical Research (ICMR), India’s cancer cases are anticipated to rise by 14% over the projected period, with around 1.7 million people expected to suffer from non-communicable disease by 2028, this, in turn, is favoring the market growth.

The Europe region is also anticipated to hold a large market revenue and grow at a significant CAGR during the projected period. Increasing healthcare expenditure in the region provides a favorable environment for the adoption of pressure infusion bags. Globally Europe experiencing an aging population often require medical treatment and intervention that involve intravenous therapies driving the demand for pressure infusion bags and rising market revenue in this region.

The Middle-east and African regions also expect to dominate the market at a healthy CAGR during the forecasted period. Factors such as government initiatives, healthcare infrastructure, prevalence of infectious disease, chronic disease, technological advancement, and need for emergency and trauma care contribute to the growth of the market in this region.

The Latin America region is also expected to grow the market at a steady CAGR during the projected period.

KEY MARKET PLAYERS:

The prominent key player in the global Pressure Infusion Bags market are 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., led the global pressure infusion bag market.

RECENT MARKET 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 November 2022, Cardinal Health opened its expanded Sustainable Technologies facility in Florida, United States. The sustainable technology division of the company reprocesses products such as pressure infusion bags.
• In September 2022, SunMed, a provider of consumable medical devices for anesthesia and respiratory care, received Medical Device Regulation (MDR) certification from the European Union (EU) on nine categories of its medical devices. SunMed, a significant provider of medical products, celebrates its EU MDR certification for Salter Labs product families, including Pressure Infusers (Infuse IT), Humidifiers, Aerosol Masks, Nebulizers, Monitor Masks, Oxygen Masks, Oxygen Tubing, Oxygen Cannulas, and Capnography Cannulas.