USD 3.57 billion
Medical Fluid Bags Market Size, Share, Growth Analysis, By By Product(Blood Bags, Intravenous Bags, Drain Bags, Surgical), By By Material(PVC Compounds, Polyolefins, Thermoplastic Elastomers, Thermoplastic Polyurethanes), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2551 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
73
|Figures:
80
Medical Fluid Bags Market Insights
Medical Fluid Bags Market size was valued at USD 3.75 Billion in 2023 and is poised to grow from USD 3.94 Billion in 2024 to USD 5.82 Billion by 2032, growing at a CAGR of 5.0% during the forecast period (2025-2032).
The global medical fluid bags market has experienced a time of consistent expansion recently. This growth can be owed to a rise in need for efficiently safe products that can store and administer medical fluids. Medical fluid bags can be used in various applications in healthcare and home care. They include IV therapy, Parenteral nutrition, blood transfusions, and more.
There has been a rise in the aging population of the world. This has led to a higher rate of chronic illnesses. This in turn has fueled the need for efficient fluid management solutions. Medical technology advancements have allowed innovative fluid bags to hit the market. These are equipped with bonus features like ergonomic designs and antimicrobial coatings to improve safety and performance.
The market’s growth was accelerated during the COVID-19 pandemic. There was a surge in demand for IV solutions and blood at the time of the global health crisis. This was reflected in the boom of production and high usage of medical fluid bags. In order to keep the successful trajectory of the industry, market players are focusing on regulatory compliance , innovation, and sustainability. Through these, manufacturers will cater to the diverse demands of patients and healthcare providers. This in turn will lead to further market expansion and growth.
The growing healthcare industry, health awareness, and increased expenditure in healthcare infrastructure projects have also fueled the growth and demand of this market. Though this market has several opportunities for expansion, it can also be hindered by some challenges. These possible market inhibitors include growing environmental concerns and strict regulatory frameworks influencing production costs and profitability. Regardless of these worries, the market is predicted to continue on its recent trajectory and keep expanding in the near future.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
IV bags
Fastest Growth
drain bags
Growth Rate
5.0% CAGR
Global Medical Fluid Bags Market ($ Bn)
Country Share for North America Region (%)
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Medical Fluid Bags Market Segmental Analysis
The market regions include Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. The various products that are offered by this market are blood bags, IV bags, surgical, urinary, and enema bags, drain bags, biohazard disposable bags, dialysis bags, breast milk bags, and reagent bags, among others. Hospitals, clinics, blood banks, homecare settings, and diagnostic centers are the end-users of this market. By material. The following materials are used to make the market product: polyolefins, thermoplastic elastomers, PVC compounds, thermoplastic polyurethanes, and others.
Analysis By Product
Intravenous (IV) bags lead the medical fluid bags market. IV bags are utilized in multiple applications all over the healthcare industry. These include administration of saline solutions, medications, and other intravenous drugs. They are widely adopted by clinics, hospitals, and home healthcare, to safely deliver necessary fluids and medications to patients. Factors that have solidified the market dominance of this segment are many. They include the rise in surgical procedures and demand for emergency medical care, due to the boom in chronic illness prevalence. New IV bag materials and design have also fueled its supremacy. For example, non-PVC materials being used in manufacturing of bags for improved patient safety.
Conversely, drain bags have gained ground quickly in the market. These bags collect and handle bodily fluids like wound exudate and urine. Aging population, an increase in surgical procedures, and higher rate of urinary incontinence illnesses, have fueled the growth of this product segment in postoperative drainage management. This category has also witnessed many advancements in manufacturing. These include more user-friendly designs which are equipped with anti-reflux features. In order to maintain a hygienic and comfortable setting for patients, this segment is vital. It has been widely adopted by healthcare and homecare, sementing its place in the market.
Analysis By Material
PVC (Polyvinyl Chloride) compounds are the largest material segment in the market. These materials are widely adopted due to their cost-friendly and flexible nature, which makes them a preferred choice for easy production. Their exceptional barrier properties guarantee safe containment of a number of medical fluids. These include blood and IV solutions. Though PVC is harmful to the environment, it has still maintained its market position due to its familiarity among healthcare manufacturers and providers.
Thermoplastic Polyurethanes (TPU) materials have rapidly gained ground in the market. TPU-based bags are now widely adopted due to their increasing popularity. Its success can be credited to its multiple benefits. These include chemical resistance, biocompatibility, and flexibility. These features have transcended this segment above PVC in recent times. TPU is also more ecologically sound, thus driving its demand in the new sustainable healthcare sector. Their green nature and high-performance will continue fueling its popularity, leading to more growth of the segment and market.
Global Medical Fluid Bags Market By Product
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Medical Fluid Bags Market Regional Insights
North America has typically led the market for medical fluid bags. This region has led the way due to the large contributions of Canada and the US. There’s a variety of reasons for North America’s supremacy in the market. They include its large population of patients and the resulting added investments in the healthcare sector. Additionally, the region’s advanced and well-established healthcare system can also be credited for its heightened demand for medical fluid bags. Its robust medical centers have constantly driven market demand for blood storage, enteral nutrition, and intravenous therapy. These factors have made the region the top contributor of market expansion.
Though North America is the largest market region, the APAC region has been expanding quickly. Countries like South Korea, India, and China have led the way in this region. Asia-Pacific has earned this title due to a number of reasons. The growing healthcare network and growing health awareness, along with a bigger population armed with higher incomes, have fed market growth in this region. There are a few other factors that have made the APAC region one of the fastest-growing regions in the medical fluid bags market. They include the growing trend of medical tourism and the increase in government initiatives that aim to provide enhanced healthcare services. All of these factors have contributed to the high market demand, which has resulted in market expansion.
Global Medical Fluid Bags Market By Region
- Largest
- Fastest
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Medical Fluid Bags Market Dynamics
Drivers
Technological Advancements:
- There have been many advancements within the market when it comes to production technologies of medical bags. New designs, materials, and sterilization techniques have cropped up in manufacturing. This has led to the creation of more user-friendly, safe, and efficient medical fluid bags. For instance, the market has generated DEHP-free and PVC-free bags to reduce usage of dangerous chemicals thus enhancing patient safety. These improve product performance and versatility.
Rising Healthcare Expenditure:
- The healthcare sector is making huge investments in infrastructure development. This surge in expenditure has been a good sign for the medical fluid bags market. As healthcare systems evolve and expand to serve the growing needs of the world’s population, the market demand also grows. Medical fluid bags are required for enteral nutrition and intravenous therapy, along with blood transfusions. This demand leads to certain market growth.
Restraints
Stringent Regulatory Compliance:
- Strict regulations have been placed on the production and use of medical fluid bags. These products must fulfill rigid requirements pertaining to safety, labeling, and quality. This compliance can result in heavy costs to target R&D and quality control. This can restrain market growth and expansion. Additionally, compliance with these standards are mandatory. This is because if it is not maintained it can lead to legal risks and product recalls, which might be difficult for producers to handle. This challenge is continuous and needs to be managed efficiently so as to not hinder market growth.
Environmental Concerns:
- The growing worries about the environment has had an impact on the market for medical fluid bags. Now that single-use plastic bags are out due to their harmful disposal, there is a demand for eco-friendly materials. The growing rate and awareness of plastic pollution has surged sustainability goals. This includes the growing pressures of environmental regulations that demand the shift to recyclable or biodegradable materials. These developments can result in an incline in cost of production, which can reduce profit margins, affecting market growth.
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Medical Fluid Bags Market Competitive Landscape
The global market for medical fluid bags is defined by an intense competitive environment. This terrain is made up of several companies that are putting out a different product and application portfolio to cater to the diverse needs of patients and healthcare providers. The industry leaders of this market include Baxter International Inc., Fresenius SE & Co. KGaA, B. Braun Melsungen AG, Terumo Corporation, and C.R. Bard (a subsidiary of Becton, Dickinson, and Company).
These firms dominate the market asn employ several strategies to retain their market position. These include product innovation and collaborations with other companies and healthcare institutes, all done to broaden their product range and retain market share. In order to stay relevant in the market, players focus on product quality and differentiation, along with compliance to regulatory standards. Their versatile products can thus serve multiple applications like blood transfusion, enteral feeding, and intravenous therapy.
The market competition has been kicked into fourth gear by a new type of demand. Innovations like biodegradable fluid bags have gripped the market due to the producers requiring sustainable and green materials for their production processes. The healthcare industry’s growth is reflected in market expansion, leading to fiercer rivalry, product innovation, and more.
Top Player’s Company Profile
- C. R. Bard, Inc. (now part of BD Becton Dickinson) - United States
- Fresenius SE & Co. KGaA - Germany
- B. Braun Melsungen AG - Germany
- Smiths Medical - United Kingdom
- Halyard Health, Inc. - United States
- Baxter International Inc. - United States
- Terumo Corporation - Japan
- Nipro Corporation - Japan
- West Pharmaceutical Services, Inc. - United States
- Kawasumi Laboratories, Inc. - Japan
- Coloplast A/S - Denmark
- Baxter India Pvt. Ltd. - India
- Qosina Corp. - United States
- Poly Medicure Limited - India
- Shanghai Solve Care Co., Ltd. - China
- Kraton Corporation - United States
- Macopharma - France
- Nolato AB - Sweden
- Renolit Group - Germany
- Covidien (now part of Medtronic) - United States
- Romsons International - India
- Sippex L.L.C. - United States
- Transluminal Technologies LLC - United States
- Sarstedt AG & Co. KG - Germany
- Galen Medical (Shanghai) Co., Ltd. - China
Recent Developments
- B. Braun Melsungen AG is a German medical and pharmaceutical device company that develops effective solutions and guiding standards for the healthcare system. This company reported in February 2023 that it will release a new product. Their new line of IV fluid bags will be integrated with infusion pumps. This will help healthcare providers in delivering fluids in a more controlled and accurate manner. This, in turn, can enhance patient results.
- Baxter International Inc. is an American multinational healthcare company that delivers products to treat chronic and acute medical conditions. This company made an announcement in January 2023. It stated that they will debut a new line of PVC-free IV fluid bags. They are created by using a non-latex material which is highly biocompatible. This can also help lower the possibility of allergic reactions.
- Technoflex S.A. is a European leader in the design and production of flexible bags and medical devices. This company reported in May 2023 about its upcoming release. Its new line of IV fluid bags has a longer shelf life, being able to be stored for 3 years. This will help create a better supply chain efficiency.
- ICU Medical Inc. is a medical device company which develops, manufactures, distributes and commercializes devices used in infusion therapy and critical care applications. The company made an announcement in April 2023. It shared about its upcoming launch of a new line of IV fluid bags with antimicrobial coatings. They will bolster prevention of bacterial and other microorganism growth. This, in turn, will lower infection risk.
- Nipro Corporation is a Japanese medical equipment manufacturing company that manufactures high quality disposable medical equipment for hospitals and home care. This company’s medical fluid bags business was bought by Fresenius Kabi AG. This company is a global healthcare company that specializes in lifesaving medicines and technologies for infusion, transfusion and clinical nutrition. The purchase is going to help Fresenius Kabi AG expand its presence in the global market for medical fluid bags.
Medical Fluid Bags Key Market Trends
- Customization and Patient-Centric Solutions: Personalized care for patients has gained popularity in the healthcare industry who are understanding its significance. Even the medical fluid bags market is subjected to this trend. The market is focused on product innovation to roll out specialized products that can serve the varying needs of the consumers. These bags are designed keeping in mind specific patient conditions like for pediatric and geriatric patients. Customized bags could be equipped with new features like specialized sizes, ports, or labeling to guarantee securely accurate fluid administration. This trend is a result of the prioritization of patient-centric care and the realization that not one solution can optimally cater to all patient needs in healthcare.
- Shift Towards Eco-Friendly and Sustainable Materials: The healthcare industry is being influenced by the global shift to sustainability amidst the rising environmental concerns. This has also affected the market for medicinal fluid bags, driving the use of sustainable materials which are environmentally sound in the production process. This trend is a result of consumer demand for eco-conscious goods and the heightened pressures of the regulatory framework. Market producers are now lowering chemical use and using biodegradable materials to create these products. They are focusing on the development of products which are effective, secure, and have a lesser impact on the environment.
Medical Fluid Bags Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, recently the global medical fluid bags market has gone through a period of consistent expansion. This is owed to the growth in aging population, along with healthcare advancements and increasing incidence of chronic illnesses. Medical fluid bags can be of various types. These blood bags, IV bags, and drainage bags. These products are a vital component in the process of safe storing and administering medicinal fluids and drugs in healthcare facilities.
There is a notable development that has influenced the steady growth of this market. that is the expansion of the healthcare industry, particularly in developing nations. Large investments for the production of healthcare infrastructure and centers have pushed this expansion. Medical fluid bags are in huge demand from this sector as they require efficient and affordable fluid management solutions. The COVID-19 pandemic accelerated the growth of this market. It highlighted the need for these products in the treatment and therapy of patients in critical or intensive care. There was a massive boom in hospitalizations during the global health crisis, which further boosted the demand for medical fluid bags.
Market producers are furthering market growth by constantly innovating new products. In order to meet the green requirements of the world, manufacturers are developing PVC-free bags which are more eco-conscious. Though these requirements fuel innovation, the rigid standards for quality can also pose a challenge to market participants. Regionally, North America is the top region as a result of its well-established healthcare infrastructure. The APAC region is increasingly gaining with its higher population of patients and growing investments in the healthcare industry. As healthcare practices and methods continue to change, the global market for medical fluid bags will also stay on the path of continued expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.57 billion |
| Market size value in 2031 | USD 5.54 billion |
| Growth Rate | 5.0% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Fluid Bags Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Fluid Bags Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Fluid Bags Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Fluid Bags Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Fluid Bags Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Fluid Bags Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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