Global Medical Specialty Bags market is accounted for $4631.28 million in 2017 and is expected to reach $8345.35 million by 2026 growing at a CAGR of 6.7%. Some of the factors favouring the market growth are increasing geriatric population, growing demand for diseases related to cardiovascular, neurology and oncology, increasing concerns towards hygiene and health and technological advancements. Huge bargaining power of buyers with the presence of various regional players is restricting the market. New product innovations and rising demand for safe healthcare practices in developing countries are some of the major opportunities during the forecast period.
A medical bag is portable bag used by a physician or other medical professional to transport medical supplies and medicine. Medical specialty bags are applicable in many medical fields such as blood storage, urine collection, bile collection and enteral feeding and sterile packaging. They are mainly used in hospitals for preservation of sterilized conditions.
Some of the key players in global Medical Specialty Bags market include ConvaTec, Medtronic, BD, B. Braun Melsungen, Coloplast, Smiths Medical, Baxter, Hollister, SunMed, Terumo, Teleflex, Ambu, VBM Medical, Mercury Medical, Vogt Medical Vertrieb and Mitra Industries.
By product, IV Fluid bags have acquired largest market growth as they are used for several purposes like maintaining the basal hydration level, maintenance of the correct electrolyte imbalance, and expansion of IV volumes in the hypovolemic state in patients. They are also used for many medical procedures, and it is a convenient way to provide nutrition to any patient. The demand for medical specialty bags is growing from hospitals and healthcare institutions as these bags are used for surgeries in hospitals. North America is expected to witness largest market growth due to positive reimbursement policies and developed healthcare infrastructure. Rising number of surgical procedures such as laparoscopic and new product launches are some of the factors favouring towards the growth of medical speciality bags in Europe region.
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Product Types Covered:
• Sterile Packaging Bags
• Continuous Ambulatory Peritoneal Dialysis Bags
• Anesthesia Breathing Bags
• Intravenous Fluid Bags
• Bile Collection Bags
• Urinary Collection Bags
• Ostomy Collection Bags
• Cadaver Bags
• Enteral Feeding Bags
• Blood Bags
• Resuscitation bags
• Ice Bags
• Enema Bags
• IV Fluid bags
End Users Covered:
• Other End Users
The outlook of the Medical Specialty Bags market results on a regional level, thus covering major regions of North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The various contributors involved in the value chain of the Medical Specialty Bags market include manufacturers, suppliers, distributors, intermediaries, and customers.
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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