Medical Fluid Bags Market Size - By Product (Blood Bags, Intravenous Bags, Drain Bags, Enema Bags, Biohazard Disposable Bags, Breast Milk Bags, Reagent Bags, Dialysis Bags), By Material (PVC Compounds, Polyolefins, Thermoplastic Elastomers, Thermoplastic

Medical Fluid Bags Market Size - By Product (Blood Bags, Intravenous Bags, Drain Bags, Enema Bags, Biohazard Disposable Bags, Breast Milk Bags, Reagent Bags, Dialysis Bags), By Material (PVC Compounds, Polyolefins, Thermoplastic Elastomers, Thermoplastic Polyurethanes), By End-Use, & Forecast, 2023 - 2032

Global 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.

The overall medical fluid bags market is categorized based on product, material, end-use, and region.

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.

In terms of end-use, the market size from the clinics segment will depict an appreciable growth rate from 2023 to 2032, owing to the growing demand for urgent care and the rise in the number of clinics. According to the Urgent Care Association’s (UCA) 2019 report, the number of clinics in the U.S. reached 9,616 in November 2019, highlighting a 9.6% surge from the previous year. Urgent care clinics address approximately 89 million patient visits in the country annually. The growing patient demand for quick access to healthcare services, better convenience, and cost-effectiveness is driving the uptake of medical fluid bags in urgent care clinics.

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. The growing geriatric population in Europe also contributes to the demand. Strict regulations by bodies like EMA and Ph. Eur. ensure safety and quality standards, which will contribute to the expansion of the medical fluid bags market in Europe.