The Global Demand for Medical Specialty Bags is Projected to Reach US$9.2 Billion by 2022
Growing Prevalence
of Chronic and Infectious Diseases Drives Growth in the Medical Specialty Bags
Market, According to a New Report by Global Industry Analysts,
Inc.
GIA launches comprehensive analysis of industry
segments, trends, growth drivers, market share, size and demand forecasts on
the global Medical Specialty Bags market. The global demand for Medical
Specialty Bags is projected to reach US$9.2 billion by 2022, driven
by growing prevalence of chronic, lifestyle & infectious diseases, and subsequent
rise in the number of care seeking population.
Medical specialty bags refer to bags specially
designed for use in care environments such as hospitals, clinics, diagnostic
centers and homecare settings. Medical Specialty Bags are a compulsion in care
delivery, where contamination-free, sterilized conditions represent the most
important criterion to execute medical procedures. Medical bags are utilized to
perform a plethora of functions such as collection of blood, bile and urine;
for carrying transfusion fluids; in ostomy care and continence applications;
and to store corpses etc. Market for Medical specialty bags continues to
expand, closely tracking the trend in the world healthcare sector, which made a
dramatic progress over the past two decade period.
Demand for medical specialty bags is poised to surge
in the coming years, with a host of factors contributing to future growth. Rising
prevalence of infectious diseases and chronic disorders such as cancer,
diabetes, obesity, and cardio vascular diseases, and subsequent increase in the
number of care seeking population would fuel growth of the market in a major
way. Rapidly increasing geriatric population, who remain vulnerable to various
disorders from common flu to life-threatening diseases, constitutes another
major market driver. Increased willingness to access care services, higher
allocation on healthcare outlays and growing disposable incomes among ballooning
urban population would augment the demand. At the same time, wider availability
of specialty bags in highly improved versions with long durability, waterproof,
skin-friendliness, and unbreakable features is poised to aid expansion.
Market growth would be especially influenced by wider
demand for ostomy collection bags, IV fluid containers and CAPD bags, which are used in ostomy
care, food ingestion, and peritoneal dialysis applications, respectively. Sterilization
packaging bags, urinary collection bags and blood bags are other bag types
poised to augment the market prospects in the coming years.
As
stated by the new market research report on Medical Specialty Bags, Europe represents the
largest market worldwide. Asia-Pacific ranks as the fastest growing market with
a CAGR of 7.4% over the analysis period, led by mushrooming new diagnostic
centers and hospitals, and increased government spending on healthcare
programs.
Major players in the market include B Braun
Melsungen AG, Baxter International Inc., C.R. Bard Inc., Coloplast A/S, ConvaTec
Group Plc, Fresenius Kabi AG, Hogy Medical Co. Ltd., Hollister Incorporated, Kawasumi
Laboratories Inc., MacoPharma, Medline Industries Inc., Pall Corporation, Terumo
BCT Inc., and Westfield Medical Ltd., among others.
The research report titled "Medical Specialty Bags: A
Global Strategic Business Report" announced by Global Industry Analysts Inc.,
provides a comprehensive review of market trends, growth drivers, mergers and
acquisitions, and other strategic industry activities of major companies
worldwide. The report provides market estimates and projections for geographic
markets, such as the U.S., Canada, Japan, Europe (France, Germany, Italy, UK,
Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of
Asia-Pacific), The Middle East & Africa, and Latin America (Brazil and Rest
of Latin America). Product segments analyzed in the report include Bile
Collection Bags, Blood Bags, Cadaver Bags, Enema Bags, Enteral Feeding Bags,
Ice Bags, Intravenous Fluid Containers, Ostomy Collection Bags, Sterilization
Packaging Bags, Urinary Collection Bags, CAPD Bags, and Others (Resuscitation
Bags and Anesthesia Breathing Bags, among others).
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
All Rights Reserved.
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