The global IV fluids bags market to grow at a CAGR of 10.16% during the period 2016-2020.
Global IV Fluids Bags Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global IV fluids bags market 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of IV fluid
Trend observed in the market is rising preference for enteral nutrition. Parenteral nutrition is directed through veins, wherein the risk of infection due to needle stick injuries is high. Whereas, enteral nutrition is rendered directly to the gastrointestinal tract. Parenteral nutrition is prescribed only in cases of intestinal failure and is ineffective in patients with a short bowel.
According to the report, Driver observed in the market is increased risk of malnutrition among cancer patients. Nutrition plays a major role in several aspects of cancer development and eventual treatment. Malnutrition is a common problem in individuals with cancer, and is recognized as an important component for adverse consequences, including increased morbidity and mortality and decreased the quality of life. Weight loss has been identified as an indicator of poor prognosis in cancer patients. It has been noted that at the time of diagnosis, 60% of individuals with lung cancer and 80% of those with upper gastrointestinal cancer have already experienced significant weight loss, generally defined as at least a 10% loss of body weight in a span of six months.
Further, the report states that Challenge observed in the market is counterfeiting of IV fluid bags. Counterfeiting has become a major issue for most of the businesses globally. According to WHO, more than 8% of all the medical devices and related products circulated worldwide are counterfeited. Counterfeiting not only results in major losses for the company but also destroys the brand image of the products. The increasing cases of counterfeit products being supplied in the market has led to a concern among the consumers and the governing authorities around the world. The South East Asian markets have more reports of counterfeit products being sold compared to any other market for fluid bags.