PORTLAND, OREGON, UNITED STATES, September 2, 2024 /EINPresswire.com/ -- 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. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Increase in incidence of chronic diseases, rise in geriatric population, and surge in number of premature births drive the growth of the global medical fluid bags market. However, health concerns associated with the use of BPA and DEHP medical bags restrain the market to some extent. On the other hand, increase in number of hospitals and growing pharmaceutical sector presents new opportunities in the upcoming years.

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.
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The report offers detailed segmentation of the global medical fluid bags market based on product type, material, end user, and region.

Based on product type, the intravenous bags segment held the highest market share in 2020, holding nearly half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the dialysis segment is estimated to register the highest CAGR of 6.3% from 2021 to 2030.

Based on end user, the hospital segment held the largest market share in 2020, holding nearly half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the blood banks segment is projected to register the highest CAGR of 5.4% from 2021 to 2030.

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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.

Leading players of the global medical fluid bags market analyzed in the research include Amsino International Inc., B. Braun Medical, Baxter International, ConvaTec, Fresenius Kabi, Hospira Inc., Pall Corporation, Smiths Medical, Terumo, Thermo Fisher Scientific Inc. and Westfield Medical Ltd.

About Allied Market Research:

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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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