Pressure Infusion Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Pressure Infusion Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Pressure Infusion Bags Market: Overview 

Pressure infusion bags are a lifesaver for millions of patients around the world each year. These bags are often deployed in emergency care, wherein patients require immediate and safe transfusion of blood and other liquid fluids. These bags help care providers maintain an optimum pressure flow and transfer fluids on an urgent basis. The growing cases of emergencies worldwide and rising access to healthcare are expected to drive significant growth for the pressure infusion bags market. The pressure infusion bags market is also expected to witness significant innovation in the near future as portable, small size, and material advances promise new opportunities. 

Pressure Infusion Bags Market: Notable Developments 

The supply of saline fluids continues to face shortages in major markets in the world. Additionally, this is a major challenge as despite the rising costs of products in the pressure infusion bags market, quality remains unreliable. On the other hand, the prices seem to continuously rise as consolidation in the market seems to have reached its peak. For example, in 2015 US senators from both democratic and republican parties came together to investigate shortages of saline. Despite the public hearings held in Federal Trade Commission, during the large outbreak of flu in 2017, saline shortages were visible once again. Pressure infusion bags for a wide variety of reasons continue to remain in short supplies.

Additionally, these bags are in rising demand also for recreational purposes today. Causes like hangovers, healthy skin, and food poisoning are driving people to purchase fluid IVs other than the demand for hospitals. Moreover, the supply is not expected to meet the demands of quality in the near future. In 2017, the US FDA issues a warning to B.Braun, a major supplier of pressure infusion bags as contaminated products and leaky bags made their way into the market. This warning was issued after several consumer complaints and a brief history of manufacturing errors on the part of the company. The growing demand for bags and the quantity and quality of supply remain a key challenge and an opportunity in the pressure infusion bags market. 

Pressure Infusion Bags Market: Drivers and Restraints 

According to WHO or the World Health Organization, each year nearly 1.4 million people were killed in car accidents in 2016. Additionally, due to geographical nature of countries like the US, driving is an essential part of life and lifestyle. In 2016, nearly 28,000 people were killed in the US. This averaged to 102 per day. Additionally, growing demand for vehicles, increased consumption of substances like marijuana, and lack of healthy lifestyles are expected to drive demand for the pressure infusion bags market. The pressure infusion bags are ideal for liquid intake of various vitamins which is becoming a necessity for various people in urban areas. Due to worsening environmental conditions, lack of unhealthy eating habits, and growing awareness about intake of vitamins are expected to drive growth for the pressure infusion bags market. 

Pressure Infusion Bags Market: Geographical Analysis 

The pressure infusion bags market is expected to register significant growth in North America region. The advancements in bags with new appealing products for children inclusion teddy shaped bags among others are expected to open new opportunities. Additionally, the market in North America region can also see new entries in the near future as start-ups and established players continue to invest significantly in advancement of pressure infusion bags. Moreover, the pressure infusion bags market is expected to reach significant new heights in Asia Pacific region as well. The improving access to healthcare in the region is a major turnaround for the growth of the pressure infusion bags market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?