The Global Pressure Infusion Bags Industry is on track for significant growth, according to a recent industry analysis by Future Market Insights (FMI). Valued at a substantial US$318.6 million in 2022, the market is expected to climb steadily at a Compound Annual Growth Rate (CAGR) of 6.5%, reaching an impressive US$494.5 million by 2029.
The surge in the industry is fueled by the escalating adoption of Pressure Infusion Bags for the rapid infusion of blood and medications. This surge in demand is particularly notable in situations that require swift responses to safeguard against end-organ damage. In an era where healthcare systems grapple with challenging scenarios, the increased need for efficient and rapid medical solutions has propelled the prominence of Pressure Infusion Bags in the global market.
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South Asia Continues to Hold Lucrative Opportunities
In terms of value, North America and East Asia are projected to have considerable market shares. However, the South Asian market is expected to grow rapidly in the Global Pressure Infusion Bags Industry from 2022 to 2029.
This expansion is being pushed by the rapid growth and upgrading of healthcare facilities in South Asian countries such as India and ASEAN, particularly trauma care units, intensive care units, and ambulatory surgical centres. The economic conditions in these countries have improved, resulting in newer growth opportunities for market participants.
Macroeconomic factors such as a growing population, an increase in the number of immunocompromised patients, and an increase in the number of players, combined with a strong distribution network and rapid development in healthcare infrastructure, have piqued the interest of manufacturers in establishing a firm collaboration with local distributors in South Asia.
Hospitals and Outpatient Facilities Remain Key End Users for Pressure Infusion Bags
The global market of Pressure Infusion Bags has been segmented based on different types of Pressure Infusion Bag products, their multiple applications, their volume capacity, their material, their targeted indications and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.
- The disposable type of Pressure Infusion Bags segment is predicted to dominate the Global Pressure Infusion Bags Industry in terms of value. This has significantly reduced the likelihood of cross-contamination during fluid infusion, ensuring patient safety.
- The blood and medicine infusion segment is predicted to account for the majority of the Global Pressure Infusion Bags Industry value. The second application that accounts for the remaining market share is invasive pressure monitoring methods.
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Global Pressure Infusion Bags Industry: Vendor Insights
The report highlights some of the prominent market players, who have established themselves as leaders in the Global Pressure Infusion Bags Industry. Some of the examples of key players in the Global Pressure Infusion Bags Industry are VBM Medizintechnik GmbH, ERKA, Smiths Medical (Smiths Group plc.), Friedrich Bosch GmbH & Co. KG, Biegler GmbH, SARSTEDT AG & Co. KG. Vyaire Medical Inc., Spengler SAS, Armstrong Medical, SunMed and Statcorp Medical
Global Pressure Infusion Bags Industry by Category
By Product:
- Reusable Pressure Infusion Bags
- Disposable Pressure Infusion Bags
By Material:
- Nylon
- Polyurethane
- Latex
- Others
By Capacity:
- 500cc
- 1000cc
- 3000cc
- Above 3000cc
By Application:
- Blood & Drug Infusion
- Invasive Pressure Monitoring Procedure
By Indications:
- Trauma-Induced Haemorrhage
- Obstetric Haemorrhage
- Coagulopathy during cardiopulmonary bypass
By End User:
- Hospitals
- Out-patient facilities
- Clinics
- Long-term care centers
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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