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Medical Specialty Bags Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR44151
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The medical specialty bags market has the potential to grow by USD 5.26 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.50%.

This medical specialty bags market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report provides extensive insights on segmentation by product (ostomy bags, IV fluids bags, CAPD bags, urine bags, and others), end-user (hospitals, ASCs, and others), and geography (North America, Europe, Asia, and ROW). The report also offers information on several market vendors, including Ambu AS, B. Braun Melsungen AG, and Baxter International Inc., among others.

What will the Medical Specialty Bags Market Size be in 2021?

Medical Specialty Bags Market Size

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Medical Specialty Bags Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing number of surgical, dialysis, and blood transfusion procedures is notably driving the medical specialty bags market growth, although factors such as risk factors and complications associated with medical specialty bags may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the medical specialty bags industry get your FREE report sample now.

  • The increasing number of surgical, dialysis, and blood transfusion procedures will boost the demand for various types of medical specialty bags.
  • The rising demand for ostomy procedures to treat colorectal cancer, IBD, and diverticulitis will increase the demand for ostomy bags.
  • CAPD bags are used in the treatment of patients suffering from chronic renal failure.
  • The need for blood bags is also high because of the high prevalence of surgeries requiring blood transfusions.
  • Similarly, significant operations on the heart, joints, and laparoscopic operations on the abdomen require the use of anesthesia and resuscitation bags.

 

  • This increasing focus on the use of eco-friendly materials to manufacture medical specialty bags will positively impact the growth of the market in the coming years.
  • The adverse impact of DEHP-PVC medical bags on human health and the environment has resulted in the development of PVC-free medical bags.
  • Several public and private organizations are promoting the use of eco-friendly materials in medical disposables to ensure the safety of the caregiver and patient and protect the environment from pollution caused by PVC manufacturing and disposal.
  • Vendors are also offering flushable and biodegradable pouch liners, which is one of the key medical specialty bags market trends, to reduce the amount of garbage produced during ostomy procedures.

This medical specialty bags market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Medical Specialty Bags Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ambu AS
  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Cardinal Health Inc.
  • Coloplast AS
  • ConvaTec Group Plc
  • Fresenius Medical Care AG & Co. KGaA
  • Hollister Inc.
  • Terumo Corp.

 

The medical specialty bags market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the medical specialty bags market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Medical Specialty Bags Market?

Medical-Specialty-Bags-Market-Market-Share-by-Region-2020-2025

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43% of the market’s growth will originate from Asia during the forecast period. China and Japan are the key markets for medical specialty bags in Asia. Market growth in Asia will be faster than the growth of the market in other regions.

The presence of a large patient pool, the growth of the aging population, and the rising prevalence of chronic diseases will facilitate the medical specialty bags market growth in Asia over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Medical Specialty Bags Market?

Medical-Specialty-Bags-Market-Market-Share-by-Product-2020-2025

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The medical specialty bags market share growth by the IV fluid bags segment will be significant during the forecast period. The IV fluid bags segment of the medical specialty bags market is expected to grow significantly, owing to the increasing demand for cancer therapy through IV fluid and pre-enteral nutrition, rehydration purpose, and effective pain management via antibiotics/medications during surgeries. Also, the rise in feeding intolerance cases is likely to drive the demand for IV fluid bags, as they are used to provide glucose, vitamins, minerals, salt, amino acid, and lipids to infants.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the medical specialty bags market size.

 

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What are the Key Factors Covered in this Medical Specialty Bags Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical specialty bags market growth during the next five years
  • Precise estimation of the medical specialty bags market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical specialty bags industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical specialty bags market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • IV fluids bags - Market size and forecast 2020-2025
  • Ostomy bags - Market size and forecast 2020-2025
  • CAPD bags - Market size and forecast 2020-2025
  • Urine bags - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by End-user

  • Hospitals
  • ASCs
  • Others

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Asia - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • ROW - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ambu AS
  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Cardinal Health Inc.
  • Coloplast AS
  • ConvaTec Group Plc
  • Fresenius Medical Care AG & Co. KGaA
  • Hollister Inc.
  • Terumo Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Medical Specialty Bags market growth will increase by $5.26 billion during 2021-2025.
The medical specialty bags market is expected to grow at a CAGR of 5.5% during 2021-2025.
Technavio has segmented the medical specialty bags market by product (IV fluids bags, Ostomy bags, CAPD bags, Urine bags, and Others) and geographic (North America, Europe, Asia, ROW, Asia, North America, Europe, and ROW).
Ambu AS, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Co., Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Fresenius Medical Care AG & Co. KGaA, Hollister Inc., Terumo Corp. are a few of the key vendors in the medical specialty bags market.
Asia will register the highest growth rate of 42.97% among the other regions. Therefore, the medical specialty bags market in Asia is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the medical specialty bags market growth are:
  • Increasing incidence of diseases
  • High growth potential in emerging countries
The medical specialty bags market vendors should focus on grabbing business opportunities from the iv fluids bags segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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