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The pressure infusion bags market share is expected to increase by USD 2.63 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.97%.
This pressure infusion bags market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pressure infusion bags market segmentation by type (disposable and reusable) and geography (North America, Asia, Europe, and ROW). The pressure infusion bags market report also offers information on several market vendors, including ASP Global, ERKA. Kallmeyer Medizintechnik GmbH & Co. KG, Friedrich Bosch GmbH and Co. KG, Merit Medical Systems Inc., SARSTEDT AG & Co. KG, SCW Medicath Ltd., Smiths Group Plc, SunMed LLC, TG Eakin Ltd., and Vyaire Medical Inc. among others.
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The rising R&D investments in advanced products are notably driving the pressure infusion bags market growth, although factors such as risks associated with the use of pressure infusion bags may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pressure infusion bags industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Pressure Infusion Bags Market Driver
One of the key factors driving growth in the pressure infusion bags market is the rising R&D investments in advanced products. Vendors are offering pressure infusion bags with new technologies, owing to the technological developments and increased investments in R&D facilities. For instance, Sunmed LLC (Sunmed) offers Infu-Surg pressure infusion bag. With its adaptable character, this pressure infusion bag is simple and reliable to use. Rising developments and investments in advanced pressure infusion bags with this feature are increasing the number of product offerings, thereby driving the growth of the global market. Another key technological advance in the market is the availability of pressure infusion bags with RFID tags. RFID-tagged blood bags are also trending in the market, owing to their increased benefits and value-added features. The profit margins of vendors in the market are increasing with the increased adoption rates and the bulk procurement of products through tender-based sales.
Key Pressure Infusion Bags Market Challenge
The risks associated with the use of pressure infusion bags will be a major challenge for the pressure infusion bags market. Some risks associated with the use of pressure infusion bags include infections; bleeding; phlebitis, which is inflammation in the veins; occlusions; air embolism; infiltration; hematoma; and the collapsing of veins due to the attachment of the needle to the patient for long periods. Pressure infusion bags that are made of PVC contain DEHP chemicals, which can leach out through the IV fluid solution and cause damage to the liver, kidneys, lungs, and reproductive system. The disposal of PVC pressure infusion bags is another concern, as it has an adverse impact on the environment due to the release of harmful gases. The inaccurate monitoring of IV fluid in IV fluid bags while injecting intravenously to the patient causes a nutrient imbalance in patients. The inappropriate reprocessing and use of reusable pressure infusion bags cause health-related issues. Thus, the risks associated with the use of pressure infusion bags affect the growth of the market.
This pressure infusion bags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the pressure infusion bags market encompasses successful business strategies deployed by the key vendors. The pressure infusion bags market is fragmented and the vendors are deploying growth strategies such as focusing on product innovation and increasing the existing product capabilities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The pressure infusion bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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39% of the market's growth will originate from Asia during the forecast period. China and India are the key markets for pressure infusion bags in Asia. Market growth in this region will be faster than the growth of the market in the European and North American regions.
The presence of a large patient pool, the increasing aging population, and the rising prevalence of chronic diseases will facilitate the pressure infusion bags market growth in Asia over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The pressure infusion bags market share growth by the disposable segment will be significant during the forecast period. The disposable segment is expected to drive the growth of the global pressure infusion bag market in terms of value. Disposable pressure infusion bags are mainly used to avoid and reduce the risk of cross-contamination during fluid infusion, as well as to safeguard the safety of the patient. Thus, the increasing adoption of disposable pressure infusion bags will lead to market growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the pressure infusion bags market size and actionable market insights on post COVID-19 impact on each segment.
Pressure Infusion Bags Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.97% |
Market growth 2022-2026 |
$ 2.63 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.36 |
Regional analysis |
North America, Asia, Europe, and ROW |
Performing market contribution |
Asia at 39% |
Key consumer countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ASP Global, ERKA. Kallmeyer Medizintechnik GmbH & Co. KG, Friedrich Bosch GmbH and Co. KG, Merit Medical Systems Inc., SARSTEDT AG & Co. KG, SCW Medicath Ltd., Smiths Group Plc, SunMed LLC, TG Eakin Ltd., and Vyaire Medical Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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