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Global Medical Fluid Bags Market – Europe is expected to account for higher market

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Global Medical Fluid Bags Market is expected to grow at a CAGR of 7% to reach US$ 6.78 million in 2024. The growth is coupled with the Rising prevalence of chronic diseases such as heart, kidney and liver disorders, cancer, diabetes, and anemia worldwide will serve to be a high impact rendering factor for Global Medical Fluid Bags Market growth. High incidences of gastrointestinal diseases among geriatric population such as bowel obstruction, Crohn’s disease, and gastroschisis will fuel the demand for medical fluid bags. Treatment of these diseases requires hospitalization to facilitate administration of drugs and nutrition thereby increasing the industry growth over the forecast period.

The number of surgical procedures is increasing across the globe owing to the growing number of healthcare centers in developed as well as emerging economies and advancements in healthcare facilities. Moreover, favorable reimbursement policies in regions such as North America and Europe will encourage patients to undergo expensive treatments. Growing patient base undergoing surgical procedures for the treatment of various diseases will serve to be a high impact rendering factor that will drive the Global Medical Fluid Bags Market growth during the forthcoming years.

Europe Medical Fluid Bags market dominated the overall sector and is expected to maintain its dominance during the study period. The Global Medical Fluid Bags Market is driven by a geriatric patient pool coupled with increasing incidences of age-related chronic diseases such as cancer, kidney disorders, and skin diseases. Favorable reimbursement policies and the growing number of healthcare centers will fuel the regional growth during the forthcoming years.

Asia Pacific medical fluid bags market is estimated to witness the fastest growth rate during the forecast period owing to the increasing prevalence of chronic diseases. Growing disposable income and developments in healthcare facilities in the emerging economies will boost the regional growth. Moreover, the increasing number of premature births leads to the necessity of providing total parenteral nutrition to preterm babies thereby accelerating the demand for intravenous bags throughout the forecast period.

Drain bags segment of Global Medical Fluid Bags Market dominated the industry in 2017 expected to dominate during the forecast period owing to its wide applications in various surgical procedures. The rising prevalence of kidney related diseases such as diabetes, hypertension and renal failure among the geriatric population base leading to an increasing number of surgical procedures will further accelerate the industry growth over the forecast period.

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Global Medical Fluid Bags Market

Global Medical Fluid Bags Market Segmentation:

• Global Medical Fluid Bags Market, By Product

o Blood bags
o Intravenous bags
o Drain bags
o Enema bags
o Biohazard disposable bag
o Breast milk bag
o Reagent bag
o Dialysis bags
•Global Medical Fluid Bags Market, By Material

o PVC compounds
o Polyolefins
o Thermoplastic elastomers
o Thermoplastic polyurethanes
•Global Medical Fluid Bags Market, By End-Use

o Hospitals
o Blood banks
o Clinics
o Homecare settings
o Diagnostic centers

The above data will be provided for following regions/countries from 2013-2024 (USD Million)

• North America
o U.S.
o Canada

• Europe
o Germany
o UK
o France
o Spain
o Italy

• Asia Pacific
o China
o India
o Japan
o Australia

• Latin America
o Argentina
o Brazil
o Mexico

• Middle East and Africa
o South Africa
o Saudi Arabia
Key Players in the Medical Fluid Bags Market

• B. Braun,Terumo,
• Baxter
• Fresenius Kabi,
• Hospira,
• Kawasumi Laboratories,
• Kraton, MacoPharma,
• Pall Corporation,
• Westfield Medical,
• Amsino,
• Coloplast,
• Renolit,
• C.R.Bard,
• Thermo Fisher,
• Sippex,
• Smiths Medical,
• Technoflex,
• ConvaTec,
• among others.

What information is covered in the Report?

• Actual market numbers from 2013-2017, estimates and forecasts from 2018 to 2024
• Detailed market segmentation and market share analysis of each segment
• Impact analysis of various drivers and trends
• Market segmentation and landscape
• Competitive landscape, 2017
This Report Is Submitted By @Global Market Research Company
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