Medical Specialty Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Specialty Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global medical specialty bags market size reached US$ 11.1 Billion in 2022. Looking forward, IMARC Group 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.

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:
IMARC Group 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. Our 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?