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Pulished Date April, 2021
ID: 5236
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Global Medical Specialty Bags Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report - Segmented By Product & Region – Industry Forecast (2021 to 2026)

Pulished: April, 2021
ID: 5236
Pages: 175

Global Medical Specialty Bags Market Size (2021 to 2026):

The global medical specialty bags market size is estimated to reach USD 8690.65 Million by 2026 from USD 6343.14 Million in 2021, witness a CAGR of 6.5% from 2021 to 2026.

Medical specialty bags are specially designed bags for the safety and care of patients. Also, the bags are useful to reduce contamination and help store the biological material in the aseptic condition for the longest time. Medical bags have various types. They are helpful for blood storage, enteral feeding, bile collection, and sterile packaging. Also, it controls several diseases that arise from bile leakage and bowel incontinence. Medical specialty bags play a pivotal role in today’s Covid-19 situation to collect the samples of the patients. 

During the recent world’s scenario, companies are working on the increasing demand for these bags; millions of people are admitted to hospitals due to the spread of coronavirus. Many companies are focusing on the production of safety kits in this pandemic situation. New researches are going on. In India, Punjab Pollution Control Board (PPCB) launched bags to dispose of biomedical wastes in hospitals and compostable bags for storage. They distribute these bags to multiple hospitals for trial. According to the feedback, they have found it as strong and durable.

MARKET DRIVERS:

The significant factor accelerating the growth rate of the global medical specialty bags market is recent technological advancements.

The rising awareness in the market for these bags will boost the market growth in the forecast period. Factors affecting this market are rising demand for surgeries, growing incidence of chronic diseases, and medical procedures like a blood transfusion that prompt the market demand. Dialysis procedure needs enormous numbers of specially designed bags. Another market driver is the Ostomy procedure to treat inflammatory bowel disease, diverticulitis, and colorectal cancer. 

Medical specialty bags have a stable growing market due to the increasing number of hospitals and laboratories. The rising number of surgeries, such as urinary and laparoscopies, positively influences the market's demand. Since the aged population is having a urine continence problem, the need for the medical specialty market is increasing. Disposable intravenous pouches are getting popular between healthcare facilities due to the benefits like biodegradability and effectiveness.

MARKET RESTRAINTS:

Reimbursement is the major restraint that is limiting the growth of the medical specialty bags market. The global medical specialty bags market is further expected to be hindered by issues with bedside scans of such large-volume parenteral infusion bags for product identification purposes. Along with this, the market's growth would be limited by a lack of consumer awareness, availability of alternatives in the market, risks associated with medical specialty bags. Medical specialty bags are used to treat a variety of diseases. These bags, however, come with several risks and complications. The most prevalent issue associated with medical specialty bags is dermatological complications of patients. Furthermore, the industry is projected to be hampered by the sale of fake medical specialty bags.

Impact of Covid-19 on the global medical specialty bags market:

The disease has spread to nearly 100 countries worldwide since the COVID-19 virus outbreak in December 2019, prompting the World Health Organization to declare it a public health emergency. Medical specialty bags are bags that are only used for medical purposes. In recent months, the market has been affected by the COVID-19 outbreak. However, as the global economy gradually opens, the industry is steadily recovering. Medical specialty bags are specially made bags for use in various medical environments, including blood sample collection and storage, urine collection, enteral feeding, and sterile packing. These bags are most often used in hospitals to keep blood samples sterilized, which aids in preventing disease spread and the leakage of drugs or blood samples. Hospitals, ASCs, physician's clinics, blood banks, home-care settings, and nursing homes all use these specialty bags. The market is expected to expand slowly in the first half of the year, but by the second half of 2021, it is supposed to recover to normalcy.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Covered

By Product and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global medical specialty bags market has been segmented and sub-segmented based on the product and region.

Medical Specialty Bags Market Analysis – By Product:

  • Anesthesia Breathing Bags               
  • Bile Collection Bags              
  • Blood Bags              
  • Cadaver Bags         
  • Enteral Feeding Bags          
  • Continuous Ambulatory Peritoneal Dialysis Bags    
  • Intravenous Fluid Bags       
    • PVC material-based fluid bags
    • Non- PVC material-based fluid bags
  • Ostomy Bags          
    • Single-use bags
    • Multiple-use bags
  • Sterile Packaging Bags      
  • Urinary Collection Bags

Based on product type, the Intravenous Fluid Bags segment is expected to have the fastest growth due to its various applications. Ostomy bags are expected to have the highest market share.   

Medical Specialty Bags Market Analysis – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Regionally, the North American market is expected to have the largest share in the global medical specialty bags market due to improved healthcare infrastructure and favorable reimbursement policies. Demand for the bags for the surgeries is increasing in every region for safety concerns, which boosts the market's growth rate. The key players focus more on developing innovative products favoring the end-users, which greatly influences the market growth. Also, the increasing economy and the government funds for healthcare will contribute to the regional market growth.

Following North America, Europe is holding the largest shares of the market. The rising geriatric population and constant economic growth are elevating the demand of the market.

Asia Pacific region is also to have considerable growth in the medical specialty bag market, as the rising economy of Japan will contribute majorly to the development of the market. India and China are also to contribute the highest shares for the market growth in the coming years.

In the Middle East and Africa, the medical specialty bags market is growing at a high pace. The key players and awareness of the products will drive the demand for these bags in the forecast period.

KEY MARKET PARTICIPANTS:

Companies leading the global medical specialty bags market profiled in this report are Terumo Corporation, B. Braun Melsungen AG, Inc., Hollister Incorporated, Baxter International, Inc., Coloplast A/S, ConvaTec, Medline Industries, Inc., Nolato AB, C.R. Bard, Inc., and Macopharma SA.

RECENT MARKET DEVELOPMENTS:

  • Due to the spread of COVID-19, Hollister Incorporated announced in March 2020 that it does not anticipate any effects on its capacity to provide ostomy or intermittent catheter products.
  • ProAmpac announced its acquisition of PolyFirst Packaging in September 2017. The company will be able to manufacture new bag and pouch designs as a result of this purchase and offer improved facilities and products to its consumers.
  • Transilwrap Co. acquired Dow Chemical Co.'s global Specialty Films company in March 2016. This development would support the corporation in providing specialized technologies and solutions to consumers while further strengthening its market position.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Anesthesia Breathing Bags               

                                5.1.3 Bile Collection Bags              

                                5.1.4 Blood Bags              

                                5.1.5 Cadaver Bags         

                                5.1.6 Enteral Feeding Bags          

                                5.1.7 Continuous Ambulatory Peritoneal Dialysis Bags    

                                5.1.8 Intravenous Fluid Bags       

                                                5.1.8.1 PVC material based fluid bags

                                                5.1.8.2 Non- PVC material based fluid bags

                                5.1.9 Ostomy Bags          

                                                5.1.9.1 Single use bags

                                                5.1.9.2 Multiple use bags

                                5.1.10 Sterile Packaging Bags      

                                5.1.11 Urinary Collection Bags    

                                5.1.12 Y-o-Y Growth Analysis, By Product             

                                5.1.13 Market Attractiveness Analysis, By Product           

                                5.1.14 Market Share Analysis, By Product             

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 B. Braun Melsungen AG                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Baxter International, Inc.                      

                8.3 Coloplast A/S                             

                8.4 ConvaTec, Inc.                           

                8.5 Hollister Incorporated                            

                8.6 Macopharma SA                       

                8.7 C.R. Bard, Inc.                            

                8.8 Nolato AB                    

                8.9 Medline Industries, Inc.                        

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms Product Type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Medical Specialty Bags Market, By Region, From 2021 to 2026 (USD Million)
  2. Global Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  3. Global Anesthesia Breathing Bags Market, By Region, From 2021 to 2026 (USD Million)
  4. Global Bile Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  5. Global Blood Bags Market, By Region, From 2021 to 2026 (USD Million)
  6. Global Cadaver Bags Market, By Region, From 2021 to 2026 (USD Million)
  7. Global Continuous Ambulatory Peritoneal Dialysis Bags Market, By Region, From 2021 to 2026 (USD Million)
  8. Global Enteral Feeding Bags Market, By Region, From 2021 to 2026 (USD Million)
  9. Global Intravenous Fluid Bags Market, By Region, From 2021 to 2026 (USD Million)
  10. Global Ostomy Bags Market, By Region, From 2021 to 2026 (USD Million)
  11. Global Sterile Packaging Bags Market, By Region, From 2021 to 2026 (USD Million)
  12. Global Urinary Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  13. North America Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  14. North America Anesthesia Breathing Bags Market, By Region, From 2021 to 2026 (USD Million)
  15. North America Bile Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  16. North America Blood Bags Market, By Region, From 2021 to 2026 (USD Million)
  17. North America Cadaver Bags Market, By Region, From 2021 to 2026 (USD Million)
  18. North America Continuous Ambulatory Peritoneal Dialysis Bags Market, By Region, From 2021 to 2026 (USD Million)
  19. North America Enteral Feeding Bags Market, By Region, From 2021 to 2026 (USD Million)
  20. North America Intravenous Fluid Bags Market, By Region, From 2021 to 2026 (USD Million)
  21. North America Ostomy Bags Market, By Region, From 2021 to 2026 (USD Million)
  22. North America Sterile Packaging Bags Market, By Region, From 2021 to 2026 (USD Million)
  23. North America Urinary Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  24. United States Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  25. Canada Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  26. Europe Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  27. Europe Anesthesia Breathing Bags Market, By Region, From 2021 to 2026 (USD Million)
  28. Europe Bile Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  29. Europe Blood Bags Market, By Region, From 2021 to 2026 (USD Million)
  30. Europe Cadaver Bags Market, By Region, From 2021 to 2026 (USD Million)
  31. Europe Continuous Ambulatory Peritoneal Dialysis Bags Market, By Region, From 2021 to 2026 (USD Million)
  32. Europe Enteral Feeding Bags Market, By Region, From 2021 to 2026 (USD Million)
  33. Europe Intravenous Fluid Bags Market, By Region, From 2021 to 2026 (USD Million)
  34. Europe Ostomy Bags Market, By Region, From 2021 to 2026 (USD Million)
  35. Europe Sterile Packaging Bags Market, By Region, From 2021 to 2026 (USD Million)
  36. Europe Urinary Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  37. U.K. Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  38. Germany Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  39. France Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  40. Italy Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  41. Spain Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  42. Asia Pacific Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  43. Asia Pacific Anesthesia Breathing Bags Market, By Region, From 2021 to 2026 (USD Million)
  44. Asia Pacific Bile Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  45. Asia Pacific Blood Bags Market, By Region, From 2021 to 2026 (USD Million)
  46. Asia Pacific Cadaver Bags Market, By Region, From 2021 to 2026 (USD Million)
  47. Asia Pacific Continuous Ambulatory Peritoneal Dialysis Bags Market, By Region, From 2021 to 2026 (USD Million)
  48. Asia Pacific Enteral Feeding Bags Market, By Region, From 2021 to 2026 (USD Million)
  49. Asia Pacific Intravenous Fluid Bags Market, By Region, From 2021 to 2026 (USD Million)
  50. Asia Pacific Ostomy Bags Market, By Region, From 2021 to 2026 (USD Million)
  51. Asia Pacific Sterile Packaging Bags Market, By Region, From 2021 to 2026 (USD Million)
  52. Asia Pacific Urinary Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  53. Japan Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  54. China Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  55. India Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  56. Australia Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  57. South Korea Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  58. Latin America Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  59. Latin America Anesthesia Breathing Bags Market, By Region, From 2021 to 2026 (USD Million)
  60. Latin America Bile Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  61. Latin America Blood Bags Market, By Region, From 2021 to 2026 (USD Million)
  62. Latin America Cadaver Bags Market, By Region, From 2021 to 2026 (USD Million)
  63. Latin America Continuous Ambulatory Peritoneal Dialysis Bags Market, By Region, From 2021 to 2026 (USD Million)
  64. Latin America Enteral Feeding Bags Market, By Region, From 2021 to 2026 (USD Million)
  65. Latin America Intravenous Fluid Bags Market, By Region, From 2021 to 2026 (USD Million)
  66. Latin America Ostomy Bags Market, By Region, From 2021 to 2026 (USD Million)
  67. Latin America Sterile Packaging Bags Market, By Region, From 2021 to 2026 (USD Million)
  68. Latin America Urinary Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  69. Brazil Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  70. Argentina Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  71. Mexico Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  72. Rest of Latin America Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  73. Middle East and Africa Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  74. Middle East and Africa Anesthesia Breathing Bags Market, By Region, From 2021 to 2026 (USD Million)
  75. Middle East and Africa Bile Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  76. Middle East and Africa Blood Bags Market, By Region, From 2021 to 2026 (USD Million)
  77. Middle East and Africa Cadaver Bags Market, By Region, From 2021 to 2026 (USD Million)
  78. Middle East and Africa Continuous Ambulatory Peritoneal Dialysis Bags Market, By Region, From 2021 to 2026 (USD Million)
  79. Middle East and Africa Enteral Feeding Bags Market, By Region, From 2021 to 2026 (USD Million)
  80. Middle East and Africa Intravenous Fluid Bags Market, By Region, From 2021 to 2026 (USD Million)
  81. Middle East and Africa Ostomy Bags Market, By Region, From 2021 to 2026 (USD Million)
  82. Middle East and Africa Sterile Packaging Bags Market, By Region, From 2021 to 2026 (USD Million)
  83. Middle East and Africa Urinary Collection Bags Market, By Region, From 2021 to 2026 (USD Million)
  84. Middle East Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)
  85. Africa Medical Specialty Bags Market, By Product, From 2021 to 2026 (USD Million)

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