Overview and Scope
Medical specialty bags refer to a category of specialized bags or pouches that are used in the medical field for various purposes. These bags are generally used in hospitals to keep blood stored in sterile conditions and to provide patients with nourishment during operations and other crucial situations.
Sizing and Forecast
The medical specialty bags market size has grown steadily in recent years. It will grow from $8.04 billion in 2023 to $8.43 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing specialization of medical professions, rising prevalence of chronic diseases, growing demand for minimally invasive procedures, expanding global healthcare, rising disposable income levels.
The medical specialty bags market size is expected to see strong growth in the next few years. It will grow to $10.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing focus on preventive healthcare, rising demand for personalized medicine, expanding demand for home healthcare services, increasing focus on patient safety, aging population. Major trends in the forecast period include adoption of digital health technologies, smart medical bags, customized patient-centric solutions, infection control, sustainability and biodegradability.
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Segmentation & Regional Insights
The medical specialty bags market covered in this report is segmented –
1) By Product: Intravenous Fluid Bags; Ostomy Bags; Sterile Packaging Bags; Continuous Ambulatory Peritoneal Dialysis Bags (CAPD); Anesthesia And Resuscitation Bags; Other Products
2) By Material: Polyvinyl Chloride (PVC) Compounds; Polyolefins; Other Materials
3) By End-User: Hospitals; Ambulatory Surgical Centers; Home Healthcare; Other End-Users
North America was the largest region in the medical specialty bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medical specialty bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing number of surgeries is expected to drive the growth of the medical specialty bags market in the future. Surgery, a medical procedure involving instruments and techniques to treat, diagnose, or correct various conditions or injuries within the body, relies heavily on medical specialty bags for multiple aspects of patient care, waste containment, and equipment sterilization during surgical operations.For example, data from the British Heart Foundation, a UK-based organization funding research into heart and circulatory diseases, indicates a notable rise in transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI) surgeries. The number of these surgeries increased from 5,676 in 2019/20 to 6,328 in 2021/22.
Key Industry Players
Major players in the medical specialty bags market are Pall Corporation, Fresenius Medical Care AG & Co., Baxter International Inc. , DuPont de Nemours Inc., B. Braun Medical Inc., Sealed Air Corporation, Terumo Corporation, Becton Dickinson & Company, C. R. Bard Inc., Hollister Incorporated, Coloplast Corp., Convatec Inc., Nolato AB, Custom Pack Inc., Ambu A/S, Macopharma Inc., Bausch Advanced Technology Group, Technoflex EN, JMS North America Corporation, Narang Medical Limited, Kiefel Technologies Inc., AdvaCare Pharma, Renolit SE, Westfield Medical Ltd., Sippex, BL Lifesciences, Kawasumi Laboratories America Inc., International Plastics Inc., Armand Manufacturing Inc., Uniflex Healthcare.
The medical specialty bags market report table of contents includes:
1. Executive Summary
- Medical Specialty Bags Market Characteristics
- Medical Specialty Bags Market Trends And Strategies
- Medical Specialty Bags Market – Macro Economic Scenario
- Global Medical Specialty Bags Market Size and Growth
- Medical Specialty Bags Market Segmentation
- Medical Specialty Bags Market Regional And Country Analysis
…………….
- Key Mergers And Acquisitions In The Medical Specialty Bags Market
- Medical Specialty Bags Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Medical Specialty Bags Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Medical Specialty Bags Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Medical Specialty Bags Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………..
Table 74: Pall Corporation Financial Performance
Table 75: Fresenius Medical Care AG & Co. Financial Performance
Table 76: Baxter International Inc. Financial Performance
Table 77: DuPont de Nemours Inc. Financial Performance
Table 78: B. Braun Medical Inc. Financial Performance
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