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Medical Specialty Bags Market Manufacturing Base Product Analysis to Avail Valuation of US$ 12,085.5 Million By 2027, Owing to High Prevalence of Chronic Kidney Disease

December 17th, 2020 Coherent Market Insights Releases

Global Medical Specialty Bags Market

Medical specialty bags are specially designed bags for use in various medical areas, such as in the collection and storage of blood samples in blood banks, urine collection, enteral feeding, and sterile packaging. These bags are mostly used at hospitals for the maintenance of blood samples in a sterilized condition. These also act as blood bags as they are sterile and non-toxic, and help store the blood for a relatively longer period.

The anesthesia breathing bags are breathing bags used with a face mask that can be placed over the mouth and nose of a patient and provides oxygen for clear breathing. These bags squeeze and push the oxygen flow into the patient’s lungs. These bags are therefore available in various sizes and thin, durable designs. Furthermore, the ostomy collection bags, which are airtight, as well as watertight, are used in waste collection from surgically diverted biological systems, such as colon, ileum, and bladder.

Get an exclusive sample copy of the business report: https://www.coherentmarketinsights.com/insight/request-sample/509

Blood bags are sterile bags and are nontoxic or reduce the toxicity and can store the blood for a relatively long period. Therefore, they are used in blood collection and storage of blood, especially in blood banks. Anesthesia breathing bags are used with face mask that can be placed over the mouth and nose of the patients and provides oxygen for complete breathing.

Statistics:

The global medical specialty bags market was estimated to account for US$ 12,085.5 Mn in terms of value by the end of 2019.

Global Medical Specialty Bags Market: Drivers

High prevalence of chronic kidney disease is expected to propel growth of the global medical specialty bags market over the forecast period. For instance, according to European Renal Association – European Dialysis and Transplant Association’s data in 2018, over 850 million people worldwide have some form of kidney disease.

Global Medical Specialty Bags Market: Opportunities

Increasing focus on recycling and reuse is expected to offer lucrative growth opportunities for players in the global medical specialty bags market. For instance, in November 2019, Grifols hosted North Carolina’s first recycling summit to strengthen its commitment to recycling and reuse

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Global Medical Specialty Bags Market: Restraints

Product recalls are expected to hinder growth of the global medical specialty bags market. For instance, in September 2019, The Metrix Company recalled certain lots of empty flexible IV bags distributed throughout the United States and Canada between November 2016 and July 2019.

Key Takeaways:

The global medical specialty bags market was valued at US$ 8,683.7 Mn in 2019 and is forecast to reach a value of US$ 12,085.5 Mn by 2027 at a CAGR of 4.2% between 2020 and 2027. High prevalence of chronic kidney disease is expected to propel growth of the global medical specialty bags market over the forecast period.

Ostomy Collection Bags segment held dominant position in the global medical specialty bags market in 2019, accounting for 30.7% share in terms of value, the growth of the segment is attributed to increasing product approvals, and increasing prevalence of chronic diseases during the forecast period.

Market Trends

Major players in the global medical specialty bags market are focused on expansion of production capacity to enhance their market share. For instance, in November 2019, Grifols announced the start of production at its new blood-collection systems plant in Campo Largo, Brazil with a capacity of more than 10 million blood collection bags annually.

Major players in the market are also focused on adopting M&A strategies to enhance their market share. For instance, in December 2019, AdaptHealth LLC entered into a definitive agreement with Advanced Home Care to acquire its home medical equipment business.

Global Medical Specialty Bags Market: Competitive Landscape   

Major players operating in the global medical specialty bags market include, Braun Melsungen AG, Baxter International, Inc., Coloplast A/S, ConvaTec, Inc., Hollister Incorporated, Medline Industries Inc., Nolato AB, BD, Macopharma SA, Terumo Corporation, Smiths Medical, Fresenius SE & Co. KGaA, HLL Lifecare Limited, Ostique, Grifols, and AdaptHealth LLC.

Read Press Release: https://www.coherentmarketinsights.com/press-release/medical-specialty-bags-market-3483

Global Medical Specialty Bags Market: Key Developments

Major players in the market are focused on adopting M&A strategies to enhance their market share. For instance, in January 2020,          AdaptHealth, the U.S.-based home medical equipment provider, acquired the Patient Care Solutions (PCS) business of McKesson, which added urological and ostomy products to AdaptHealth’s home medical equipment product portfolio.

Segmentation

Scope of the report

  • Global Medical Specialty Bags Market, By Product:
    • Ostomy Collection Bags
    • Intravenous (IV) Fluid bags
    • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
    • Resuscitation Bags
    • Urinary Collection Bags
    • Sterile Packaging Bags
    • Anesthesia Breathing Bags
    • Cadaver (Body) Bags
    • Blood Bags
    • Enema Bags
    • Enteral Feeding Bags
    • Bile Collection Bags
    • Ice Bags
  • Global Medical Specialty Bags Market, By Region:
    • North America
      • By Product:
        • Ostomy Collection Bags
        • Intravenous (IV) Fluid bags
        • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
        • Resuscitation Bags
        • Urinary Collection Bags
        • Sterile Packaging Bags
        • Anesthesia Breathing Bags
        • Cadaver (Body) Bags
        • Blood Bags
        • Enema Bags
        • Enteral Feeding Bags
        • Bile Collection Bags
        • Ice Bags
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product:
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product:
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product:
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product:
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product:
      • By Country
        • North Africa
        • Central Africa
        • South Africa
About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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