Press release
Medical Specialty Bags Market Worth US$ 14.03 Billion by 2027, Globally, at 4.75% CAGR | Ambu A/S, B. Braun Melsungen AG
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What is the medical specialty bags market size ?
The global medical specialty bags market reached a value of US$ 10.44 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.03 Billion by 2027, exhibiting a growth rate (CAGR) of 4.75% during 2022-2027.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is medical specialty bags?
Medical specialty bags are lightweight, high-quality, specially designed bags made from advanced materials such as polyester and polymer films. These bags are commercially available in numerous variants, including continuous ambulatory peritoneal dialysis (CAPD), ice, and resuscitation bags. They help maintain various biological samples in sterilized conditions to prevent leakage and control the spread of diseases caused by bowel incontinence. As a result, medical specialty bags find extensive applications in sterile packaging, eternal feeding, bile gathering, and blood and urine sample collection across the globe.
What are the major drivers for the medical specialty bags market?
The global medical specialty bags market is primarily driven by the increasing health consciousness among individuals due to the rising prevalence of various chronic diseases, especially among the geriatric population. Moreover, the surging demand for polyvinyl chloride (PVC) bags in the healthcare industry due to their adaptability, affordability, and recyclability properties is positively influencing the market growth.
Additionally, the increasing use of intravenous (IV) therapy bags in numerous applications such as surgeries, providing patient nutrition, maintaining basal hydration levels, and ensuring a proper electrolyte balance is another major growth-inducing factor. Besides this, the surging adoption of medical specialty bags due to the increasing need for customer-focused products and services has catalyzed market growth.
Furthermore, several favorable initiatives taken by governments of numerous countries for strengthening the healthcare infrastructure and improving medical standards by using better reimbursement packages are contributing to the market growth. Other factors, including rising investments in research and development (R&D) activities, advancements in medical science, and increasing adoption of safe healthcare practices, are also anticipated to drive the market further.
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Report Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical specialty bags market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on region, 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 Geography:
• 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
Who are the key players in the medical specialty bags market ?
• Ambu A/S
• B. Braun Melsungen AG
• ConvaTec Group PLC
• Hollister Incorporated
• Macopharma
• Medline Industries LP
• Baxter International Inc.
• Becton Dickinson and Company
• Coloplast A/S
• Nolato AB
• Pall Corporation (Danaher Corporation)
• SB-Kawasumi Laboratories Inc. (Sumitomo Bakelite Co. Ltd.)
• Terumo Corporation.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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