Increasing use of specialty bags for various purposes in healthcare sector is a key factor driving market revenue growth.
Market Size - USD 7,793.2 Million in 2020, Market Growth - CAGR of 4.9%, Market Trends - Increasing focus of government and companies to raise standards and offer hygienic environment in in the healthcare sector.
The global medical specialty bags market size is expected to reach USD 11.52 Billion in 2028, and register a CAGR of 4.9% during the forecast period. Increasing consumption of the product in hospitals and healthcare centers for storage of blood sample, thereby, preventing blood leakage and spreading of diseases to other patients is a major factor driving market growth.
Moreover, NGOs also play a vital role in expansion of medical specialty bag market by expanding the demand for medical specialty bag market by investing in health infrastructure, encouraging research & development, designing enhanced reimbursement packages, setting competitive prices, and rising level of awareness. In addition, increasing use of the specialty bags for storage of blood, which ensures that the quality of the blood is not being affected by any external factors and facilitates longer storage of blood until the event of need owing to their non-toxic properties is another factor expected to drive growth of the global medical specialty bags market.
Lack of awareness regarding medical specialty bags in developing and underdeveloped countries, coupled with associated complications related to usage of medical specialty bags are major factors that could hamper growth of the global medical specialty bags market during the forecast period.
Some Key Findings From the Report:
For the purpose of this report, the global medical specialty bags market is segmented on the basis of type, end use, and region:
Type Outlook
End Use Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 7,793.2 Million in 2020, Market Growth - CAGR of 4.9%, Market Trends - Increasing focus of government and companies to raise standards and offer hygienic environment in in the healthcare sector.
The global medical specialty bags market size is expected to reach USD 11.52 Billion in 2028, and register a CAGR of 4.9% during the forecast period. Increasing consumption of the product in hospitals and healthcare centers for storage of blood sample, thereby, preventing blood leakage and spreading of diseases to other patients is a major factor driving market growth.
Moreover, NGOs also play a vital role in expansion of medical specialty bag market by expanding the demand for medical specialty bag market by investing in health infrastructure, encouraging research & development, designing enhanced reimbursement packages, setting competitive prices, and rising level of awareness. In addition, increasing use of the specialty bags for storage of blood, which ensures that the quality of the blood is not being affected by any external factors and facilitates longer storage of blood until the event of need owing to their non-toxic properties is another factor expected to drive growth of the global medical specialty bags market.
Lack of awareness regarding medical specialty bags in developing and underdeveloped countries, coupled with associated complications related to usage of medical specialty bags are major factors that could hamper growth of the global medical specialty bags market during the forecast period.
Some Key Findings From the Report:
- Among the product type segments, the ostomy bags segment accounted for the largest revenue share of 39.5% in 2020
- The Asia Pacific market size was USD 1,792.4 Million in 2020, due to growing pool of patients, growing geriatric population and increasing prevalence of chronic diseases such as urinary dissoluteness, cardiovascular diseases, diabetes, etc.
- Key players profiled in the report include B Braun Melsungen AG, C.R. Bard, Inc., MacoPharma, Pall Corporations, Smiths Medical, Westfield Medical Ltd, Medline Industries, Inc., Baxter International Inc., Convatec Inc., and Terumo Corporation. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global medical specialty bags market is segmented on the basis of type, end use, and region:
Type Outlook
- Ostomy Bags
- CAPD Bags
- Blood Bags
- IV Fluids Bags
- Enteral Feeding Bags
- Bile Collection
- Others
End Use Outlook
- Healthcare Centers
- Hospitals
- Home Healthcare
- SurgiCenters
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Medical Specialty Bags Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Medical Specialty Bags Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Medical Specialty Bags Segmentation & Impact Analysis
Chapter 5. Medical Specialty Bags Market By Product Type Insights & Trends
Chapter 6. Medical Specialty Bags Market By End Use Insights & Trends
Chapter 7. Medical Specialty Bags Market Regional Outlook
Chapter 8. Competitive Landscape
Chapter 9. Company Profiles
