The latest research study Medical Specialty Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 by IMARC Group, finds that the global medical specialty bags market size reached US$ 11.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.67% during 2023-2028.
Medical specialty bags are specially designed bags that are high-quality, portable, sterilized, and non-toxic. They are generally manufactured from advanced materials, such as polyester and polymer films, to prevent contamination and leakage. They are widely used in hospitals to maintain sterilized conditions for blood storage and supply essential nutrients to patients during surgeries and critical illnesses. At present, medical specialty bags are extensively utilized in blood and urine sample collection, sterile packaging, enteral feeding, and bile gathering.
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Global Medical Specialty Bags Market Trends and Drivers:
The global medical specialty bags market is primarily driven by the rising number of surgeries and the increasing hospital admission rates due to the widespread prevalence of chronic diseases. Besides this, the expanding geriatric population that is more prone to developing medical conditions, such as urinary incontinence, has augmented the product demand.
Additionally, governments of various countries are heavily investing in developing healthcare infrastructure and introducing favorable reimbursement packages to improve medical standards and facilities. In line with this, the growing usage of intravenous (IV) therapy bags in surgical procedures, providing nutrition to patients, sustaining basal hydration levels, and maintaining proper electrolyte balance has accelerated product adoption rates.
Furthermore, the surging popularity of polyvinyl chloride (PVC) bags in the healthcare industry due to their versatility, cost-effectiveness, and recyclability has catalyzed market growth. Other factors, including the escalating demand for customer-focused products and services, increasing consumer healthcare spending, and ongoing research and development (RD) activities in the medical science field, are also anticipated to propel the market growth.
Global Medical Specialty Bags Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Medical Specialty Bags Companies:
Coloplast A/S, ConvaTec Group PLC, Hollister Incorporated, Macopharma, Medline Industries LP, Ambu A/S, B. Braun Melsungen AG, Baxter International Inc., Becton Dickinson and Company, Nolato AB, Pall Corporation (Danaher Corporation), SB-Kawasumi Laboratories Inc. (Sumitomo Bakelite Co. Ltd.) and Terumo Corporation.
The report has segmented the market on the basis of product, end user and region.
Breakup by Product:
- Anesthesia Breathing Bags
- Blood Bags
- Sterile Packaging Bags
- Ostomy Collection Bags
- Enteral Feeding Bags
- Cadaver Bags
- Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
- Intravenous Fluid Bags
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porters Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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