The Global Pressure Infusion Bags Market trend was valued at US$ 300.0 Mn in 2021 and is expected to reach US$ 494.5 Mn by 2029, finds Future Market Insights (FMI) in a recent market survey.
The measurement of continuous beat to beat blood pressure by a pressure infuser coupled with other monitoring devices is an invasive method that is widely used by physicians.
Major fluids in rapid infusion includes blood, blood products, blood expanders and intravenous solution. Certain factors that are driving the pressure infusion bags market growth include rapid infusion of blood and drugs that are necessary for patients suffering from trauma-induced haemorrhage, postpartum haemorrhage, and cardiac surgery.
An increase in the number of transfusion and emergency cases account for the rise in demand for pressure infusion bags.
Likewise, the rising prevalence of chronic diseases, surge in emergency transfusion cases, technological advancements and increasing R&D initiatives anticipates the market growth. The growing cases of blood transfusion in emergencies, coupled with the growing geriatric & immunocompromised population account for the increase in demand for pressure infusion bags.
Globally, the burden of cancer incidence and mortality are rapidly growing among the growing population. The high prevalence reflects increase in both ageing and growth of the population, as well as changes in the prevalence and distribution of the main risk factors for cancer, associated with socio-economic development.
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According to the World Cancer data, in 2020 around 18.1 million cancer cases were estimated around the world. Among which, annually around 1.24 Mn blood cancer cases occur worldwide. Blood cancers are characterized by the overproduction of an abnormal type of cell.
Pressure infusion bags market holds nearly 21.4% of the US$ 1.4 Bn Infusion Bags Market in 2021. Advancements and developments made in the pressure infusion bags market in recent years are expected to boost the growth of the market.
According to Future Market Insights Analysis, the global pressure infusion bags market will observe an increased change in the Basis Point Share (BPS) by nearly 04 units in H1- 2022 (O) as compared with H1-2021. This was majorly due to the impact of the pressure infusion bags in perioperative period for protection against air embolism, thus determining increased adoption.
This is based on value consumption as per the companies’ reported revenue. The variation between the BPS values observed within this market in H1, 2022 – Outlook over H1, 2022 Projected reflects a decline of 10 BPS.
Key driving factors in the market include the cost effectiveness of pressure infusion bags within perioperative settings, and the aid provided by pressure infusion bags to anesthesiologists with tightly controlled flow rates for enhanced patient safety.
Conversely, low induction into under-developed regions will restrain the growth of the pressure infusion bags market. The development of intravenous smart pumps with built-in drug libraries for secondary medication administration proves beneficial to the providers while monitoring patient stability. This factor is set to further promote the positive impact upon the BPS change observed within the market in H1-2022.
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2014-2021 Market Demand Outlook for Pressure Infusion Bags compared to 2022-2029 Forecast
Currently, medical treatments are reliant on advanced technological development and innovative designs in the healthcare sector. Increasing number of medical emergencies and rising cases of chronic diseases have urged the need for advanced medical products that will benefit patient’s treatment effectively.
The pressure infusion bags are widely used in the medical sector for rapid IV infusion, to infuse blood, drugs, and, and invasive pressure monitoring.
The demand for pressure infusion bags grew at a CAGR of 5.4% between 2014 and 2021.
One of the significant factors contributing to the growth of the global pressure infusion bags market is related to the increasing significance of invasive pressure monitoring and assessment of wounds in arterial conditions. The application of pressure infusion bags has grown significantly in hospitals and outpatient centers for enhanced and instantaneous treatment.
Moreover, increasing the focus of manufacturers towards the upsurge demand for cost-effective product lines has led to focus on developing reliable products. With such developments taking place, the growth in the global pressure infusion bags market is expected to grow significantly in the coming years.
Considering this, FMI expects the global pressure infusion bags to grow at a CAGR of 6.5% through 2029.
Which Factors Are Restraining the Demand for Pressure Infusion Bags?
The restraints for the global pressure infusion bags market include pressure on pricing, lack of specialized personnel, and lack of awareness of handling the blood products. As the pressure infusion bags space is a fairly fragmented market, and also due to the high volume & low-value nature of the markets, the prominent players are actively focusing on strengthening inorganic growth.
The competition among manufacturers from China is driving the price down owing to the availability of low-cost labour as compared to other countries manufacturing cost.
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Even if many countries have programs for expansion and education for infusion therapy, lack of awareness and proper training to the clinicians and nursing staff affect the use of pressure infusion bags. Pressure infusion bags which are mostly used to minimize the chances of cross-contamination during fluid infusion process, makes them an effective tools to ensure patient’s safety.
An increase in awareness about patient safety is also a boon for the entire pressure infusion bags market. There have been many concerns raised against the high incidence of critical incidents which are related to the devices. The great number of these incidents have been reported to the Medical Devices Agency (which is now a part of Medicines and Healthcare products Regulatory Agency (MHRA)) and most of these incidents is considered to be attributable to human error.
Additionally, lack of skilled professionals and occurrence of complications can be attributed to the misuse of the device, such as incorrect calibration or interpretation of the pressure display, etc. High incidence of long term complications associated with invasive arterial blood pressure monitoring has also been reported.
Thus, the reliability and reproducibility of this instrument are highly dependent on skilled technicians or operators who interpret the results of pressure monitoring devices.
What is the Impact of the COVID-19 Crisis on the Pressure Infusion Bags Market?
The COVID-19 pandemic has caused unprecedented challenges for surgical staff to minimize exposure to coronavirus and save medical resources without harmful patient outcomes, following the statement of each surgical society. Despite of strict lockdowns and restriction, patients with critical diseases and cancers still had to receive surgery as usual; whereas, cases with benign diseases were postponed.
Thus, the outbreak disruption due to halt on transportations, lack of supplies, and lack of labors projected a short-term downfall in the medical equipment production. Although there was postponement in the procedures, the pressure infusion bags market anticipated a significant short term negative impact owing to the lack of supplies.
Country-wise Insights
What Makes the U.S. a Large Market for Pressure Infusion Bags?
In 2021, the U.S. accounted for about 96.4% of the North American pressure infusion bags market. The country is witness to account for high revenue share and has been highly driven by raised awareness regarding such health conditions for early diagnosis and treatment. In addition, the rising prevalence of various chronic conditions is also fueling the market growth across the country.
According to CDC, around 1,000,000 people are suffered with Traumatic Injury per year. Traumatic Injury is the single largest cause of death from injury in the U.S. and is the leading cause of death for individuals up to the age of 45 years.
Why is Germany Considered a Lucrative Market for Pressure Infusion Bags?
Germany is expected to account for 39.8% of the European Market by 2022. The country dominates the European market owing to the high prevalence of cancer among the population and the growing number of surgeries. For instance, in 2018, Germany spent $5,472 per capita on health, the second-highest amount in the EU.
Germany spends a greater proportion of its GDP on health (11.2%) than any other country in the EU. While 84.5% of health spending is publicly funded – again the highest share in the EU – out-of-pocket spending amounts to 12.5% and is below most other EU countries.
What are the Factors Fueling the Demand for Pressure Infusion Bags in Japan?
The market for pressure infusion bags in Japan is projected to grow at a 5.6% CAGR in the East Asian pressure infusion bags market throughout the forecast period. The rapid rise in Japan’s adult population suffering from cancer anticipates boosting the growth of the country’s pressure infusion bags market.
Age is an additional risk factor as the country has a high number of the ageing population and ageing population are susceptible to chronic diseases like cancer. The main cause for the high incidence in Japan is imprecise, though smoking, obesity and old age, are the strongest risk factors. The Japanese population is not at higher risk from obesity and smoking-related illnesses than the other markets.
How will the Pressure Infusion Bags Market expand across India?
Demand for pressure infusion bags in India is expected to rise at an impressive 9.9% CAGR over the forecast period. 90% of global trauma mortality occurs in low-and-middle-income countries. With the growing research activities, awareness for early treatment, there is a greater chances that expect to offer lucrative opportunities for manufacturers in India.
Disposable Pressure Infusion Bags anticipated continuing Gaining Traction
Based on the Product, the disposable pressure infusion bags segment held the maximum share of 65.4 % in 2021, expanding at 7.2% CAGR during the forecast period. Disposable pressure infusion bags are highly preferred over reusable bags owing to avoid cross-contamination.
Which type of material is highly preferred for Pressure Infusion Bags?
In terms of material, nylon will continue to be a prominent material segment of the pressure infusion bags market as there is increasing usage of polyester and nylon materials due to their durability and tensile properties. Nylon accounted for the highest market share of 62.9% in 2021 and is expected to dominate throughout the forecast period.
Why does 500 cc contribute the highest market share by Capacity?
In terms of capacity, the pressure infusion bags with 500 cc capacity has gained traction and is accounting for 55.6% of the global market share in 2021 owing to the high demand for these bags.
Which application has projected to dominate the Pressure Infusion Bags market?
The blood & drug infusion segment accounted for the highest market share of 72.1% in the year 2021 owing to the growing trauma cases.
Why Trauma induced Haemorrhage account for the highest market share in the global market?
Trauma induced haemorrhage expects to continue to be a prominent segment of the pressure infusion bags market in the application type accounting for the highest share of 47.9% in 2021. An increase in the number of transfusion and emergency cases account for the rise in demand for pressure infusion bags.
Competitive Landscape
Companies in the pressure infusion bags market are pursuing new product innovation and launches, regulatory approvals and company expansions as the key strategies. The global pressure infusion bags market is exceptionally fragmented with the presence of several players.
The players are heavily investing in research to develop a novel product as an effective strategy to provide products to end consumers with an effective minimum price. The key players are highly focused on strengthening their product portfolio and expanding their sales footprint across the globe by entering into strategic agreements with the local distributors which are essential to enhance the distribution efficiency.
This is majorly practiced by manufacturers to increase their market share. Thereby, focusing on the development of novel and cost-effective pressure infusion bags to eradicate the unmet needs. Along with this, the players are establishing distribution agreements to increase geographic reach.
For instance:
- In April 2021, Gland Pharma Ltd. received approval from the United States Food and Drug Administration (US FDA) for generic Foscarnet Sodium Injection, 6000 mg/250 mL (24 mg/mL) Single-Dose bag for infusion. With this approval, Gland Pharma secured the first generic offering status in Single-Dose Bag for infusion.
- In February 2017, ICU Medical, Inc. acquired Hospira Infusion Systems (HIS) business from Pfizer, Inc. This acquisition helped the company improve its infusion therapy segment.
Pressure Infusion Bags Market 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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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