15-Jan-2021 | Zion Market Research
As per analysts at Zion Market Research, the global medical specialty bags market is expected to grow and reach USD 2.8 billion during the forecasted period 2019–2025. The global medical specialty bags market by product innovation and advancement. Additionally, key players are moving their focus from established markets in the West to budding economies to seek growth opportunities. This is owing to the adoption of safe healthcare practices and modernization of healthcare infrastructure in developing economies, which is eventually increasing the demand for present-time medical equipment like medical specialty bags. In addition to this, the increasing occurrence of chronic diseases and a rising geriatric population globally that is susceptible to urinary incontinence in leading to an augmenting demand for medical specialty bags. The surging incidence of post-surgery problems and mounting adoption of safe healthcare practices across developing economies to prevent disease spread is also having an upbeat bearing on the market’s expansion.
Some of the key players in the global market are Baxter International Inc., Coloplast A/S, Terumo Corporation, Hollister Incorporated, ConvaTec Inc., Smiths Medica, Medline Industries Inc., B.Braun Melsungen AG, Macopharma, and Nolato AB.
Surging Use Of Eco-Friendly Materials In Medical Disposables To Boost The Global Medical Specialty Bags Market
The harmful impact of DEHP-PVC medical bags on the environment and human health has resulted in the advancement of PVC-free medical bags. A number of private & public organizations are encouraging the use of eco-friendly stuff in medical disposables to assure the safety of the patient & caregiver and protect the environment from pollution-induced by PVC production and disposal. Suppliers are also providing biodegradable & flushable pouch liners to decrease the amount of garbage created during ostomy processes. The adoption of HDPE IV & disposable fluid bags is also increasing amongst end-users owing to their benefits like ready-to-use characteristics, biodegradability, and effectiveness. This augmenting focus on the utilization of eco-friendly materials to produce medical specialty bags is expected to impact positively on the growth of the market.
The global medical specialty bags market is bifurcated on the basis of product and regional analysis. Based on the product, the market is divided into enteral feeding bags, urinary collection bags, anesthesia breathing bags, blood bags, bile collection bags, cadaver bags, sterile packaging bags, intravenous fluid bags, ostomy bags, and continuous ambulatory peritoneal dialysis bags.
The North America Region Expected To Dominate The Global Medical Specialty Bags Market
Based on geographical analysis, the global medical specialty bags market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region dominated the market amongst all regional segments during 2016, and the region is projected to hold on to its lead position during the forecasted period 2019–2025. The market is boosted owing to well-established healthcare infrastructure and beneficial reimbursement policies are the main aspects fueling the growth of this regional market.
Browse the full “Medical Specialty Bags Market - By Product (Urinary Collection Bags, Anesthesia Breathing Bags, Bile Collection Bags, Blood Bags, Cadaver Bags, Sterile Packaging Bags, Intravenous Fluid Bags, Ostomy Bags, Continuous Ambulatory Peritoneal Dialysis Bags, And Enteral Feeding Bags), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/medical-specialty-bags-market
The global medical specialty bags market is segmented as follows:
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