Growing Demand for Urinary Collection Bags and Anesthesia Breathing Bags Drives 5.0% CAGR in Global Medical Specialty Bags Market

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29 Aug, 2023, 13:30 ET

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DUBLIN, Aug. 29, 2023 /PRNewswire/ -- The "Medical Specialty Bags Market Size, Share & Trends Analysis Report By Product (Anaesthesia, Sterile Packaging, Resuscitation Bags, Bile Collection, Intravenous, Blood, Enteral Feeding), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global medical specialty bags market is poised for significant growth, with an anticipated value of USD 9.38 billion by 2030, according to an insightful report. The market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2030. The increasing aging population and the prevalence of conditions like urinary incontinence are expected to be key drivers for this growth over the next seven years.

Government Initiatives and Growing Health Awareness

Government policies and initiatives aimed at enhancing cost-effectiveness and customer appeal are anticipated to drive demand during the forecast period. Improved reimbursement policies are also expected to contribute to the growth of the medical specialty bag market. Additionally, factors such as rising disposable income, increased health awareness, unmet medical needs, and the availability of affordable medical specialty bags in emerging economies like Brazil, China, and India are projected to drive industry growth. However, high excise tax rates on healthcare devices in the U.S. and Canada could pose a challenge to the medical specialty bags market.

Diverse Product Segments

The medical specialty bag market encompasses various product categories, including urinary collection bags, anesthesia breathing bags, sterile packaging bags, blood bags, bile collection bags, cadaver bags, ostomy bags, enteral feeding bags, intravenous fluid bags, and continuous ambulatory peritoneal dialysis bags (CAPD).

Key Market Highlights

Companies in Focus

Prominent players in the market include Hollister Incorporated, B Braun Medical, Terumo Corporation, Coloplast A/S, Pall Corporation, C.R. Bard Inc., Kawasumi Laboratories Inc., Fresenius Medical Care AG & Co., Baxter International Inc., Convatec Inc., Macopharma, and Westfield Medical Ltd.

Key Topics Covered: Chapter 1. Methodology and ScopeChapter 2. Executive SummaryChapter 3. Medical Specialty Bags Market Variables, Trends & Scope3.1. Market Lineage Outlook3.1.1. Parent market outlook3.1.2. Related/ancillary market outlook3.2. Penetration & Growth Prospect Mapping3.3. Industry Value Chain Analysis3.3.1. Reimbursement framework3.4. Market Dynamics3.4.1. Market driver analysis3.4.2. Market restraint analysis3.5. Medical Specialty Bags Market Analysis ToolsChapter 4. Medical Specialty Bags: Product Estimates & Trend AnalysisChapter 5. Medical Specialty Bags Market: Regional Estimates & Trend AnalysisChapter 6. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/1f0cwv

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SOURCE Research and Markets