openPR Logo
Press release

Medical Specialty Bags Market Trends, Business Overview, Industry Growth and Forecast to 2028

04-11-2022 01:39 PM CET | Health & Medicine

Press release from: Orion Market Research

The medical speciality bags market is anticipated to grow at a significant CAGR of 4.0% during the forecast period (2022-2028). Medical speciality bags are high-quality, sanitised, nontoxic bags made from sophisticated materials to prevent contamination. These bags are generally used in hospitals to keep blood stored in sterile conditions. The rising number of surgical operations such as laparoscopic, cardiac, urinary, neurological, and others, is a key factor driving market growth. Cancer, diabetes, high blood pressure, kidney disease, and other chronic diseases are more common in the elderly population, and they are more likely to be admitted to the hospital and undergo medical procedures. Additionally, an increase in the number of hospitals, rising blood transfusion and dialysis procedures, as well as post-surgery complications, rising awareness, the growing need for customer-centric products and services, and uniformly-built compensation policies are expected to propel the market growth.

The global medical speciality bags market is segmented based on type and application. Based on type, the market is sub-segmented into intravenous fluid bags, ostomy bags, sterile packaging bags, CAPD, anesthesia & resuscitation bags, and others. Among these types, the intravenous fluid bags segment holds the major share in the market. The increased incidence of cardiac procedures, which account for around 15% of all blood transfusions, is fueling this segment's expansion. This intravenous fluid (IV) bags are used in hospitals for a variety of purposes, including operations, nourishment, extending IV volumes in hypovolemic patients, maintaining basal hydration levels, and maintaining the right electrolyte balance. The market will continue to increase as the number of hospital admissions requiring the above-mentioned medical treatments rises. During the forecast period, the market will be driven by the introduction of PVC-free bags and the rising number of blood transfusion situations. Based on application, the market is sub-segmented into hospitals, pathologies, blood banks, and others.

The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in May 2019, Scripps Health entered into an agreement with ICU Medical, Inc. to purchase the latter's Intravenous Fluid Bags, to increase their market share.

(Get 15% Discount on Buying this Report)
Get Sample Copy of Medical Specialty Bags Market at: https://orionmarketreports.com/request-sample/?id=97371&submit=Request+Sample%0D%0A

Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Product Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Hollister Inc., Coloplast Group, Pall Corp., Macopharma, Baxter International Inc., ConvaTec Inc., Kawasumi Laboratories Inc., and Nolato AB,among others.

A full report Medical Specialty Bags Market of is available at:  https://orionmarketreports.com/medical-specialty-bags-market-2/97371/

Global Medical Speciality Bags Market Report by Segment
By Product Type
•Intravenous Fluid Bags
•Ostomy Bags
•Sterile Packaging Bags
•Continuous Ambulatory Peritoneal Dialysis Bag (CAPD)
•Anaesthesia and Resuscitation Bags
•Others
By Application
•Hospitals
•Pathologies
•Blood Banks
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Specialty Bags Market Trends, Business Overview, Industry Growth and Forecast to 2028 here

News-ID: 2599982 • Views:

More Releases from Orion Market Research

Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, …
Infrastructure as Code (IaC) Service Market was valued at approximately USD 0.932 billion, and it's projected to expand to around USD 7.509 billion by 2033, achieving a robust CAGR of 23.2% from 2024 to 2033. Infrastructure as Code (IaC) Service Market Overview The Infrastructure as Code (IaC) Service Market is experiencing remarkable expansion, fueled by the escalating need for scalable, automated infrastructure deployment across cloud and enterprise environments. In 2023, the market
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to Understanding the Process
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to …
Ultra High‐Performance Liquid Chromatography (UHPLC) Columns Market is estimated to be valued at USD 2.5 billion, and is projected to grow to approximately USD 4.8 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.8% from 2024 to 2033. Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market Overview The UHPLC columns market is on a strong growth trajectory, fueled by increasing demand for rapid, high-resolution analytical techniques across pharmaceuticals, biotechnology,
Property Management Service Market Rising Demand and Growth Forecast Through 2033
Property Management Service Market Rising Demand and Growth Forecast Through 203 …
Property Management Service Market was valued at approximately USD 17.3 billion. It is anticipated to reach around USD 32.0 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2033. Property Management Service Market Overview The Property Management Service Market is witnessing steady growth due to increasing urbanization, rising investments in real estate, and a growing demand for outsourced property management solutions. Property owners are increasingly
5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSilicon Technologies Co., Ltd., ZTE Corporation,
5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSili …
The global 5G chipset market was valued at USD 33.75 billion in 2024 and is projected to reach USD 502.66 billion by 2033, growing at a compound annual growth rate (CAGR) of 35% from 2025 to 2033. 5G Chipset Market Overview The 5G chipset market is experiencing rapid growth, driven by the global rollout of 5G networks and the increasing demand for high-speed, low-latency connectivity across various applications, including smartphones, IoT

All 5 Releases


More Releases for Bag

Nylon Bag Filters: Capturing Growth in a Crucial Bag Filter Market
The bag filter market is experiencing consistent growth, driven by stringent environmental regulations and the increasing need for efficient filtration across various industries. Within this market, the nylon segment stands out as a high-opportunity area, offering a compelling combination of versatility, durability, and cost-effectiveness. Market Dynamics and Growth Drivers Nylon bag filters, known for their strength, flexibility, and chemical resistance, are widely used for liquid filtration in diverse applications. Their ability to
Introducing Tianhou Bag: Cambodia bag factory
We are a professional factory specializing in making bag collections from 2008. Currently, we have a own factory with a building of 5100 square meters in Henan, China.The mainly producing various types of bags. Starting from 2025, we will prepare factories in Cambodia to expand our production capacity and provide better prices and good services to our customers. We appreciate for all the customers' support and Thanks for working with
EMERGENCY SLEEPING BAG REVIEW 2023: DOES EMERGENCY SLEEPING BAG REALLY WORKS?
In the world of outdoor adventures, preparedness is paramount. Whether you're an avid hiker, camper, or simply someone who enjoys the thrill of the great outdoors, one thing you should never underestimate is the power of a reliable emergency sleeping bag. These versatile and compact tools are designed to be your lifeline when the unexpected strikes. An emergency sleeping bag is not just a convenient addition to your outdoor gear;
Reusable Shopping Bag Market Next Big Thing | Major Giants Command Packaging, Gr …
Advance Market Analytics published a new research publication on "Reusable Shopping Bag Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Reusable Shopping Bag market was mainly driven by the increasing R&D spending across the world. Access Sample Report + All
Know Everything About Disposable Blood Bag: Importance of Disposable Blood Bag
Systems for collecting, storing, transporting, and transfusing human blood and products obtained from it are available as disposable biomedical goods called blood bag systems. Hospitals, blood banks, government initiatives, and NGOs all use disposable blood bags to store blood donations that have been received. To reduce the importation of blood components from Western nations, government-funded programs in some Asian countries are concentrating on developing blood separation technology. The need for blood
Cotton Bag Market is Leading in Global Industry by 2021| Direct Trade Bags, Bag …
Cotton Bag Market study by “Reportsweb” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º