Amid the COVID-19 crisis, the global market for Medical Specialty Bags estimated at US$8.1 Billion in the year 2020, is projected to reach a revised size of US$10.9 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027.Ostomy Bags, one of the segments analyzed in the report, is projected to grow at a 4.9% CAGR to reach US$3.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the IV Fluid Bags segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 23.9% share of the global Medical Specialty Bags market.
The U. S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 7.8% CAGR for the Period of 2020-2027
The Medical Specialty Bags market in the U. S. is estimated at US$2.2 Billion in the year 2020. The country currently accounts for a 26.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.4 Billion in the year 2027 trailing a CAGR of 7.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR while Rest of European market (as defined in the study) will reach US$2.4 Billion by the year 2027.
CAPD Bags Segment Corners a 15.8% Share in 2020
In the global CAPD Bags segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$961.1 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2027, while Latin America will expand at a 4.7% CAGR through the analysis period. The publisher brings years of research experience to this 16th edition of our report. The 263-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- B. Braun Melsungen AG
- Baxter International Inc.
- Coloplast A/S
- ConvaTec Group Plc
- Fresenius Kabi AG
- Hogy Medical Co. Ltd.
- Hollister Inc.
- Kawasumi Laboratories Inc.
- MacoPharma
- Medline Industries Inc.
- Pall Corporation
- Terumo BCT Inc.
- Westfield Medical Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Medical Specialty Bags: An Introductory Prelude
Recent Market Activity
Uptrend in Healthcare Expenditure CreatesSubstantial Opportunities
Developed Regions Remain Primary Revenue Contributors
Developing Regions Exhibit Immense GrowthPotential
Factors Driving Demand for Medical Specialty Bagsin Asia-Pacific & Other Developing Regions
Increase in Number of Hospitals & ImprovedAccess to Care Services
Growing Healthcare Awareness & HealthcareSpending
Proliferation of Medical Tourism
Stable Economic Scenario to Augment MarketProspects
Steady Growth Predicted over the Next Few Years
Competitive Scenario
Leading Players in the World Medical SpecialtyBags Market
Vendors Emphasize Distribution Collaborations
M&A Activity
Select M&A Deals in the World MedicalSupplies Market (2015-2017)
Global Competitor Market Shares
Medical Specialty Bags Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
B Braun Melsungen AG (Germany)
Baxter International, Inc. (USA)
C.R. Bard, Inc. (USA)
Coloplast A/S (Denmark)
ConvaTec Group Plc (UK)
Fresenius Kabi AG (Germany)
Hogy Medical Co., Ltd. (Japan)
Hollister Incorporated (USA)
Kawasumi Laboratories, Inc. (Japan)
MacoPharma (France)
MacoPharma (France)
Pall Corporation (USA)
Terumo BCT, Inc. (USA)
Westfield Medical Ltd. (UK)
3. MARKET TRENDS & DRIVERS
Ostomy Bags: Leading Product Segment
Blood Bags Emerge As Fastest Growing Category
Disposable Bags Become the Norm
Blood Bags with RFID Tag on the Rise
Robust Market for Incontinence and UrinaryCollection Bags
Favorable Reimbursement Policies Aid Use of Incontinence Bags
New IV Solution Production Lines Fuel Growth in the IV Bags Market
Demand for Environmentally CompatibleIV Containers Catching On…
CAPD Bags Gaining Importance for Dialysis Patients
Sterilization Packaging Bags Propel Bags Market
Progressive Advancements in Design & Functionality Fuel Growth
Demand for Disposables to Rise in the Long Run
PVC-Free Alternatives Gain Popularity Dueto Environmental and Health Concerns
List of Alternative Materials Available for Select Medical Bags
Engineered Polyolefin - An Efficient Alternativeto PVC
Not-so-Stringent FDA Approval Norms: A Positive Driver
Low Profits, Automation: Key Issues for ManualBlood Collection Devices
Increasing Prevalence of Chronic & Lifestyle Diseases: Cornerstone for Present & Future Expansion
Increased Care Needs of Growing Aging PopulationAugments Market Prospects
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Medical Specialty Bags Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Medical Specialty Bags Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Medical Specialty Bags Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Ostomy Bags (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Ostomy Bags (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Ostomy Bags (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: IV Fluid Bags (Product Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: IV Fluid Bags (Product Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: IV Fluid Bags (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: CAPD Bags (Product Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: CAPD Bags (Product Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: CAPD Bags (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Enteral Feeding Bags (Product Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Enteral Feeding Bags (Product Segment) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Enteral Feeding Bags (Product Segment) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Urine Bags (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 17: Urine Bags (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 18: Urine Bags (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Blood Bags (Product Segment) World Market Estimates and Forecasts in US$ Million by Region/Country: 2020 to 2027
TABLE 20: Blood Bags (Product Segment) Market Worldwide Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 21: Blood Bags (Product Segment) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027
TABLE 22: Other Product Segments (Product Segment) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2020 to 2027
TABLE 23: Other Product Segments (Product Segment) Global Historic Demand in US$ Million by Region/Country: 2012 to 2019
TABLE 24: Other Product Segments (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Medical Specialty Bags Market Share (in %) by Company: 2018 & 2025
Market Analytics
TABLE 25: United States Medical Specialty Bags Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 26: Medical Specialty Bags Market in the United States by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 27: United States Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
CANADA
TABLE 28: Canadian Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 29: Canadian Medical Specialty Bags Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 30: Medical Specialty Bags Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
JAPAN
TABLE 31: Japanese Market for Medical Specialty Bags: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 32: Medical Specialty Bags Market in Japan: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 33: Japanese Medical Specialty Bags Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
CHINA
TABLE 34: Chinese Medical Specialty Bags Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 35: Medical Specialty Bags Historic Market Analysis in China in US$ Million by Product Segment: 2012-2019
TABLE 36: Chinese Medical Specialty Bags Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Medical Specialty Bags Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
TABLE 37: European Medical Specialty Bags Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 38: Medical Specialty Bags Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 39: European Medical Specialty Bags Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 40: European Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 41: Medical Specialty Bags Market in Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 42: European Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
FRANCE
TABLE 43: Medical Specialty Bags Market in France by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 44: French Medical Specialty Bags Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 45: French Medical Specialty Bags Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
GERMANY
TABLE 46: Medical Specialty Bags Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 47: German Medical Specialty Bags Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 48: German Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
ITALY
TABLE 49: Italian Medical Specialty Bags Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 50: Medical Specialty Bags Historic Market Analysis in Italy in US$ Million by Product Segment: 2012-2019
TABLE 51: Italian Medical Specialty Bags Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 52: United Kingdom Market for Medical Specialty Bags: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 53: Medical Specialty Bags Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 54: United Kingdom Medical Specialty Bags Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
SPAIN
TABLE 55: Spanish Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 56: Spanish Medical Specialty Bags Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 57: Medical Specialty Bags Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
RUSSIA
TABLE 58: Russian Medical Specialty Bags Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 59: Medical Specialty Bags Market in Russia by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 60: Russian Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 61: Rest of Europe Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 62: Medical Specialty Bags Market in Rest of Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 63: Rest of Europe Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 64: Asia-Pacific Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 65: Medical Specialty Bags Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 66: Asia-Pacific Medical Specialty Bags Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 67: Medical Specialty Bags Market in Asia-Pacific by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 68: Asia-Pacific Medical Specialty Bags Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 69: Asia-Pacific Medical Specialty Bags Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 70: Medical Specialty Bags Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 71: Australian Medical Specialty Bags Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 72: Australian Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
INDIA
TABLE 73: Indian Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 74: Indian Medical Specialty Bags Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 75: Medical Specialty Bags Market in India: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
SOUTH KOREA
TABLE 76: Medical Specialty Bags Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 77: South Korean Medical Specialty Bags Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 78: Medical Specialty Bags Market Share Distribution in South Korea by Product Segment: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 79: Rest of Asia-Pacific Market for Medical Specialty Bags: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 80: Medical Specialty Bags Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 81: Rest of Asia-Pacific Medical Specialty Bags Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 82: Latin American Medical Specialty Bags Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 83: Medical Specialty Bags Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 84: Latin American Medical Specialty Bags Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 85: Latin American Medical Specialty Bags Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 86: Medical Specialty Bags Historic Market Analysis in Latin America in US$ Million by Product Segment: 2012-2019
TABLE 87: Latin American Medical Specialty Bags Marketby Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 88: Argentinean Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 89: Medical Specialty Bags Market in Argentina in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 90: Argentinean Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
BRAZIL
TABLE 91: Medical Specialty Bags Market in Brazil by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 92: Brazilian Medical Specialty Bags Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 93: Brazilian Medical Specialty Bags Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
MEXICO
TABLE 94: Medical Specialty Bags Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 95: Mexican Medical Specialty Bags Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 96: Mexican Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 97: Rest of Latin America Medical Specialty Bags Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 98: Medical Specialty Bags Market in Rest of Latin America by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 99: Rest of Latin America Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 100: The Middle East Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 101: Medical Specialty Bags Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 102: The Middle East Medical Specialty Bags Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 103: The Middle East Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 104: The Middle East Medical Specialty Bags Historic Marketby Product Segment in US$ Million: 2012-2019
TABLE 105: Medical Specialty Bags Market in the Middle East: Percentage Share Breakdown of Salesby Product Segment for 2012,2020, and 2027
IRAN
TABLE 106: Iranian Market for Medical Specialty Bags: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 107: Medical Specialty Bags Market in Iran: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 108: Iranian Medical Specialty Bags Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
ISRAEL
TABLE 109: Israeli Medical Specialty Bags Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 110: Medical Specialty Bags Market in Israel in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 111: Israeli Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 112: Saudi Arabian Medical Specialty Bags Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 113: Medical Specialty Bags Historic Market Analysis in Saudi Arabia in US$ Million by Product Segment: 2012-2019
TABLE 114: Saudi Arabian Medical Specialty Bags Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
TABLE 115: Medical Specialty Bags Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 116: United Arab Emirates Medical Specialty Bags Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 117: Medical Specialty Bags Market Share Distribution in United Arab Emirates by Product Segment: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 118: Medical Specialty Bags Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 119: Rest of Middle East Medical Specialty Bags Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 120: Rest of Middle East Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
AFRICA
TABLE 121: African Medical Specialty Bags Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 122: Medical Specialty Bags Market in Africa by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 123: African Medical Specialty Bags Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 110
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