Global market for medical fluid bags surpassed USD 3.5 billion in 2022 and is poised to depict over 5.5% CAGR between 2023 and 2032 due to rising health awareness across developing economies.
The drain bags segment held around 29% share of the market in 2022, driven by the prevalence of chronic diseases such as diabetes, hypertension, kidney diseases, etc.
The medical fluid bags market size from the hospital segment could reach over USD 2 billion by 2032 due to a notable rise in the number of patients undergoing treatment across these facilities.
North America medical fluid bags industry garnered over USD 975 million in revenue in 2022, credited to the expanding geriatric population base and robust strategic landscape.