The latest market report published by Credence Research, Inc. “Medical Specialty Bags Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global medical specialty bags market was valued at US$ 6,560.1 Mn in 2017 expanding at a CAGR of 5.4% from 2018 to 2026.

The report titled “Global Medical Specialty Bags Market: 2018 Edition” examines the potential possibilities and significant trends in the Medical Specialty Bags industry. The report provides a detailed analysis of the global Medical Specialty Bags Market including the regional markets of North America, Europe, and the Asia Pacific. It focuses on the Medical Specialty Bags Markets of the U.S., Canada, UK, India, and Australia. The report also assesses the commercial and residential service sector in the Medical Specialty Bags industry.

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Further, Porter’s Five Forces Analysis has been done for the global Medical Specialty Bags industry. In-depth analysis of key market growth drivers and challenges and the major observable trends in the global Medical Specialty Bags Market are also given in the report. The growth of the market has been projected taking into consideration various aspects like previous growth patterns, the current trends, the growth drivers, challenges and environmental conditions.

Region/Country Coverage

North America
Europe
Asia Pacific (APAC)
Latin America (LATAM)
Middle East and Africa (MEA)
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Company Coverage:

Braun Melsungen, Baxter International, Coloplast A/S, ConvaTec, Inc., Hollister Incorporated, Fresenius Kabi, Terumo Corporation, Smith’s Medical among others.

Executive summary: 

Medical specialty bags are specially designed bags for medical conditions which include blood bags, ostomy bags, urine collection bags, bile collection bags, IV bags and others. Medical specialty bags prevent leakage of body fluids and play an important role in disease management and patients with disability. Growing aging population susceptible to chronic diseases is the major market driving factor. For instance, geriatric population are more prone to gastric and stoma complication requiring ostomy bags, CAPD bags for chronic kidney diseases, among others. Moreover, growing surgical procedures and hospitalization globally would boost the demand for medical specialty bags for different procedures and application. Product innovation and development is the key trend followed in the market. For instance, manufacturers are shifting focus from polyvinyl chloride (PVC) and opting for materials that are environment friendly in nature. Some of the non-PVC materials include latex, silicone, and polyethylene as these are cost-effective and pose minimum hazards. The rise in the uptake of online sales channel as a major distribution method, have increased the accessibility and availability of various medical specialty bags. Growing home healthcare coupled with online sales of medical specialty bags would act as the major growth driver during the forecast period.

 Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global Medical Specialty Bags Market

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global Medical Specialty Bags Market

- Leading company profiles reveal details of key Medical Specialty Bags Market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the global Medical Specialty Bags Market with 7-year forecasts

Reasons to buy

- What was the size of the global Medical Specialty Bags Market by value in 2017?

- What will be the size of the global Medical Specialty Bags Market in 2026?

- What factors are affecting the strength of competition in the global Medical Specialty Bags Market?

- How has the market performed over the last five years?

- What are the main segments that make up the global Medical Specialty Bags Market?

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