Quick Summary:
In the fast-paced world of medical devices, keeping abreast of current trends is essential. The exclusive global report on the medical specialty bags market is indispensable for business executives interested in understanding this sector's innovation landscape. Tailored to provide insights for strategic decision-making, this comprehensive study delivers value by dissecting the key market trends, segmentation, and competitive analysis.
Medical specialty bags, with their indispensable role ranging from sterilized packaging to maintaining a variety of biological samples, have been integral to strengthening healthcare infrastructure. The increasing health consciousness among the aging population and the escalating demand for customer-centric products are major growth drivers in this market. Coupled with numerous government initiatives globally and strategic investments in R&D to introduce advanced medical devices, the market showcases potential for exponential growth. This report analyzes these factors and provides crucial information about product segmentation and the competitive landscape, making it an invaluable tool for industry professionals.
The global medical specialty bags market size reached US$ 11.1 Billion in 2022. Looking forward, the publisher 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 refer to portable, high-quality, specially designed bags manufactured from advanced materials, including polyester and polymer films. They aid in maintaining various biological samples in sterilized conditions to avoid leakage and control the spread of diseases caused due to bowel incontinence. On account of these properties, medical specialty bags are extensively used for sterile packaging, eternal feeding, bile gathering and blood and urine sample collection. At present, these bags are commercially available in varying product types, such as continuous ambulatory peritoneal dialysis (CAPD), ice and resuscitation bags.
2. What is the expected growth rate of the global medical specialty bags market during 2023-2028?
3. What are the key factors driving the global medical specialty bags market?
4. What has been the impact of COVID-19 on the global medical specialty bags market?
5. What is the breakup of the global medical specialty bags market based on the product?
6. What is the breakup of the global medical specialty bags market based on the end user?
7. What are the key regions in the global medical specialty bags market?
8. Who are the key players/companies in the global medical specialty bags market?
Medical specialty bags refer to portable, high-quality, specially designed bags manufactured from advanced materials, including polyester and polymer films. They aid in maintaining various biological samples in sterilized conditions to avoid leakage and control the spread of diseases caused due to bowel incontinence. On account of these properties, medical specialty bags are extensively used for sterile packaging, eternal feeding, bile gathering and blood and urine sample collection. At present, these bags are commercially available in varying product types, such as continuous ambulatory peritoneal dialysis (CAPD), ice and resuscitation bags.
Medical Specialty Bags Market Trends:
The increasing health consciousness due to the rising prevalence of various chronic diseases, mostly amongst the rising geriatric population, represents one of the prime factors currently driving the medical specialty bags market growth. This is further supported by the increasing need for customer-focused products and services, which, in turn, is facilitating the widespread product adoption across the globe. In line with this, numerous favorable initiatives undertaken by the government bodies of several countries for strengthening the healthcare infrastructure and enhancing the medical standards through the employment of improved reimbursement packages is acting as another growth-inducing factor. Moreover, the escalating demand for polyvinyl chloride (PVC) bags in the healthcare sector on account of their versatility, affordability, and recyclability qualities, is contributing to the market growth. The extensive utilization of intravenous (IV) therapy bags in several applications, such as surgeries, providing nutrition to the patients, sustaining basal hydration levels and maintaining the correct electrolyte balance is further propelling the market growth. Other factors, such as strategic collaborations between key players and continuous investments in the research and development (R&D) activities in the field of medical science for introducing advanced medical tools and accessories, are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global medical specialty bags market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product and end user.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
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ambu A/S, B. Braun Melsungen AG, Baxter International Inc., Becton Dickinson and Company, Coloplast A/S, ConvaTec Group PLC, Hollister Incorporated, Macopharma, Medline Industries LP, Nolato AB, Pall Corporation (Danaher Corporation), SB-Kawasumi Laboratories Inc. (Sumitomo Bakelite Co. Ltd.) and Terumo Corporation.Key Questions Answered in This Report
1. How big is the global medical specialty bags market?2. What is the expected growth rate of the global medical specialty bags market during 2023-2028?
3. What are the key factors driving the global medical specialty bags market?
4. What has been the impact of COVID-19 on the global medical specialty bags market?
5. What is the breakup of the global medical specialty bags market based on the product?
6. What is the breakup of the global medical specialty bags market based on the end user?
7. What are the key regions in the global medical specialty bags market?
8. Who are the key players/companies in the global medical specialty bags market?
Frequently Asked Questions about the Global Medical Specialty Bags Market
What is the estimated value of the Global Medical Specialty Bags Market?
What is the growth rate of the Global Medical Specialty Bags Market?
What is the forecasted size of the Global Medical Specialty Bags Market?
Who are the key companies in the Global Medical Specialty Bags Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 11.1 Billion |
| Forecasted Market Value ( USD | $ 14.7 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Medical Specialty Bags Market
6 Market Breakup by Product
7 Market Breakup by End User
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Tables
List of Tables
Companies Mentioned
- Ambu A/S
- B. Braun Melsungen AG
- Baxter International Inc.
- Becton Dickinson
- Company
- Coloplast A/S
- ConvaTec Group PLC
- Hollister Incorporated
- Macopharma
- Medline Industries LP
- Nolato AB
- Pall Corporation (Danaher Corporation)
Methodology
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