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Medical Specialty Bags Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Pall Corporation, Fresenius Medical Care AG & Co., Baxter International Inc. , DuPont de Nemours Inc., B. Braun Medical Inc
Medical Specialty Bags Market Trends
The Business Research Company offers in-depth market insights through Medical Specialty Bags Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
The main products of medical specialty bags are intravenous fluid bags, ostomy bags, sterile packaging bags, continuous ambulatory peritoneal dialysis bags (CAPD), anesthesia and resuscitation bags and others. Intravenous fluid bags refer to IV bags as a thin tube that is connected to an intravenous line and is made up of sterile materials used to deliver fluids, medications and nutrients directly into a patient's bloodstream and prevent dehydration. They are made of various materials including polyvinyl chloride (PVC) compounds, polyolefins and others used by various end-users such as hospitals, ambulatory surgical centers, home healthcare and others.
Medical Specialty Bags Global Market Report 2023 provides data on the global medical specialty bags market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The medical specialty bags market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Number Of Surgeries Drives Growth In The Medical Specialty Bags Market
The growing number of surgeries is expected to propel the growth of the medical specialty bags market going forward. Surgery is a medical procedure that involves using instruments and techniques to treat, diagnose, or correct various conditions, diseases, or injuries within the body. Medical specialty bags are essential for numerous elements of patient care, waste containment and equipment sterilization during surgical operations. For instance, in April 2022, according to the British Heart Foundation, a UK-based independent funder of research into heart and circulatory diseases, stated that transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI) surgery increased to 6,328 in 2021/22 from 5,676 in 2019/20. Therefore, the growing demand numbers of surgeries is driving the growth of the medical specialty bags market.
Competitive Landscape:
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.
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Top Trend - Leading Manufacturers Introduce Innovative Dual Chamber Products Into The Market, Gaining A Competitive Edge
Major companies operating in the medical specialty bags market are developing innovative products with advanced features, such as dual chamber bags products to sustain their position in the market. Dual chamber bags are specialized medical bags with two distinct compartments or chambers intended to contain and transport two distinct components of medical treatment. For instance, in June 2022, Gufic Biosciences Ltd., an India-based pharmaceutical company, launched indigenously produced dual chamber bags made of polypropylene (DEHP free) with a peelable aluminum foil. These bags are designed to store unstable drugs that require reconstitution just before administration to the patient. The launch of these bags offers a new drug delivery system option for healthcare providers and patients, providing a convenient and efficient solution for storing and administering unstable drugs.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Medical Specialty Bags Market Characteristics
3. Medical Specialty Bags Market Trends And Strategies
4. Medical Specialty Bags Market - Macro Economic Scenario
5. Medical Specialty Bags Market Size And Growth
…..
27. Medical Specialty Bags Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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