This industry research report segments the global medical specialty bags market by ostomy collection bags, fluid bags, CAPD bags, enema bags, enteral feeding bags, bile collection bags, urine collection bags, resuscitation bags, anesthesia breathing bags, and blood bags. The research report also includes market share forecast for the key regions of North America, Europe, APAC, and ROW.
Technavio’s market research analysts estimate the global medical specialty bags market to grow at a CAGR of around 5% between 2015 and 2019. The medical speciality bags market in North America is the major contributor to the overall market. The population within the age bracket of 85 and above is the group most likely to need healthcare products and long-term healthcare services, thus driving the market growth by 350% during the period 2011-2050.
The new market research report from Technavio provides a breakdown and analysis of the medical specialty bags segments by technology.
“Of late, a large number of medical specialty bags including ostomy bags, resuscitation bags, urine bags, and blood bags are disposable or single-use bags. These disposable bags reduce the risk of cross contamination with better safety, sterility and convenience in usage. These disposable bags are cost-effective as they do not need re-sterilization for repeated use,” says Sriram Mohan, Lead Analyst, Transportation & Logistics, Technavio Research.
In terms of application, the IV fluid bags cover around 28% of the total market share. These bags are used for various purposes like maintaining the basal hydration level, maintenance of the correct electrolyte imbalance, and expansion of IV volumes in the hypovolemic state in patients. Moreover, these bags are used for various medical procedures, and are a convenient way to provide nutrition to any patient. North America is the dominant consumer of these bags because of the increasing number of medical facilities in the region.
The key vendors dominating the global medical specialty bags market include B Braun Medical, Coloplast, Hollister, Pall and Terumo. This market is highly fragmented and intensely competitive. The local vendors in developing countries are giving strong competition to the global players in terms of the prices of products.
A more detailed analysis is available in the Technavio report, Global Medical Specialty Bags Market: Research Report 2015-2019.
We can customize reports by other regions and specific segments upon request.
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