Medical Specialty Bags Market Size, Share, Growth Report 2030

The global Medical Specialty Bags market, which was estimated at about 1 (USD Billion) in 2018 and is predicted to accrue earnings worth 2.8 (USD Billion) by 2025, is set to record a CAGR of nearly 6.2 % over 2019-2025. The report offers valuation and analysis of Medical Specialty Bags market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Introduction

Medical specialty bags are designed for utilization in myriad medical activities including collection & storage of blood samples, collection of urine, sterile packaging, and enteral feeding. These products are utilized in clinics for maintaining sterility of blood samples, thereby assisting in controlling the disease spread as well as avoiding drug leakage & blood sample leaks. These bags help in preventing many ailments that arise from the bowel incontinence as well as other medical issues including bile leakage.

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Market Growth Dynamics

Surge in the number of hospital admissions and large-scale use of the product in hospitals, ambulatory centers, and clinics will proliferate the growth of medical specialty bags market in the years ahead. Large-scale occurrence of hypertension is anticipated to open new horizons of growth for medical specialty bags industry over the forecast timespan. Apart from this, rise in the aging populace is also projected to drive the overall market size over the forecast timeframe.

Furthermore, favorable compensation policies, cost-efficiency, and easy product availability will increase the product penetration in the healthcare sector over the ensuing years. Launching of new technologies in medical sector and improvement witnessed in medical amenities provided to the patients will contribute notably towards the overall market size in the forthcoming years. Growing health consciousness and hygiene awareness among the global population will result in humungous expansion of the medical specialty bags industry over the forecasting timespan. Surging investment for enhancing healthcare infrastructure facility, adoption of competitive pricing business model, and favorable reimbursement policies will sketch a lucrative growth graph for medical specialty bags market in the years ahead.

North American Market To Expand At Rapid Rate Over 2019-2025

The expansion of medical specialty bags industry in the sub-continent over the forecast period is attributed to availability of strong healthcare infrastructure and growing awareness about the product benefits among the population in the countries like Canada and the U.S. In addition to this, supportive compensation policies will further add to the regional market size over the forecast timeframe. Surge in the aging population prone to health problems and chronic ailments will create new growth opportunities for the medical specialty bags market in North America over the forecast timeline.

Key participants profiled in the study are Hollister Incorporated, ConvaTec Inc., B.Braun Melsungen AG, Baxter International Inc., Macopharma, Coloplast A/S, Terumo Corporation, Medline Industries Inc., Smiths Medica, and Nolato AB.

The global medical specialty bags market is segmented as follows:

By product:

• Bile Collection Bags
• Sterile Packaging Bags
• Anesthesia Breathing Bags
• Urinary Collection Bags
• Blood Bags
• Enteral Feeding Bags
• Cadaver Bags
• Ostomy Bags
• Intravenous Fluid Bags
• Continuous Ambulatory Peritoneal Dialysis Bags

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa