Global Medical Specialty Bags Market: By Product Type (Enteral Feeding Bags, Enema Bags, Anesthesia Breathing Bags, Urinary Collection Bags, I.V Fluids Bags, Ostomy Collection Bags, Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags, Resuscitation Bags, Blood Bags, Bile Collection Bags, and Others), By End User (Hospitals, Ambulatory Surgical Centers, Home Healthcare, and Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global medical specialty bags market was valued at US $ 6,184.5 Mn in 2017 and projected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Global Medical Specialty Bags Market
Medical specialty bags are the specially designed bags used in certain medical conditions such as blood storage, bile collection, enteral feeding, urine collection, and sterile packaging among others. Medical specialty bags majorly used in the hospital area for maintaining the sterilized conditions. Moreover, these bags also help in control of disease like bile leakage.
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Market Dynamics: Global Medical Specialty Bags Market
Increase in the number of hospital admissions and the rise in number of patients with unconsciousness due to various diseases are anticipated to fuel the global medical specialty bags market over the forecast period. Moreover, increase in the geriatric population, who are prone to urinary incontinence, rise in usage of blood bags for blood transfusion, grow in healthcare infrastructure investments, and rise in disposable income are anticipated to upsurge the revenue of global medical specialty bags over the forecast years. However, high competition between the market players leads to decrease in the product cost that may lead to negative revenue growth of global medical specialty bags market.
Market Scope: Global Medical Specialty Bags Market
Global medical specialty bags market is segmented based on the product type, end user
Based on the product type, the market is segmented into the following:
- Enteral Feeding Bags
- Enema Bags
- Anesthesia Breathing Bags
- Urinary Collection Bags
- V Fluids Bags
- Ostomy Collection Bags
- Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
- Resuscitation Bags
- Blood Bags
- Bile Collection Bags
- Others
Based on the end user, the market is segmented into the following:
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare
- Others
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Regional Analysis: Global Medical Specialty Bags Market
Geographically, global medical specialty bags market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America medical specialty bags market is growing due to increase in the prevalence of chronic diseases such as renal failures (according to Centers for Disease Control and Prevention (CDC) 2017 statistics, approximately 30 Mn people are suffering from acute and chronic renal diseases) and increase in awareness about the healthy life are propel the market. Europe medical specialty bags market has a prominent share attributed to increase in the number of laparoscopic cholecystectomy surgeries, rise in healthcare expenditure in developed countries such as Germany, and innovation of newer products are bolster the market. Asia Pacific medical specialty bags market is poised to grow at significant rate owing to increase in the blood transfusion cases due to rise in number of accidents and surgeries, rise in geriatric population with urine incontinence in India, China, and Japan, and entry of market players into Asia Pacific region are boost the market over the forecast years.
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Competition Assessment: Global Medical Specialty Bags Market
Some of the players in the global medical specialty bags market include:
- Braun Melsungen AG (Germany)
- Baxter International Inc. (U.S.)
- Coloplast A/S (Denmark)
- Terumo Corporation (Japan)
- Smiths Medical (U.S.)
- Hollister Incorporated (U.S.)
- ConvaTec Inc. (U.K)
- Nolato AB (Sweden)
- Medline Industries Inc. (U.S.)
- R. Bard Inc. (U.S.)
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