San Francisco, 26 December 2018: The Report Medical Specialty Bags Market Analysis By Product (Anesthesia, Sterile Packaging,
Resuscitation Bags, Bile Collection, Intravenous, Blood, Enteral Feeding,
Cadaver, Enema, Ostomy Collection, CAPD) And Segment Forecasts from 2012 to
2020
The medical specialty bags market is expected to reach USD 10.31 billion by 2020 with the advent of technology and increasing demand that emphasizes on customer value proposition of products and services.Growing percentage of aging population and prevailing diseases such as urinary incontinence is expected to be the key driving factor for marketgrowth over the next seven years.
Government policies and initiatives
intended to draw customer attention by improving cost effectiveness of product
offering is expected to drive demand over the forecast period. Streamlined
reimbursement policies to make the product more attractive is also expected to
play a major role in the growth of medical speciality bag market over the
forecast period.
Rise in the disposable income and growing
health awareness regarding various diseases coupled with increasing unmet
medical needs and introduction of affordable medical specialty bags in emerging
economies such as Brazil, China and India is anticipated to propel future
growth of the industry. High excise tax rates on healthcare devices in theU.S
and Canada is expected to serve as key challenge for medical specialty bags
market over the next seven years.
Based on the type of product, medical
specialty bag market is broadly classified into 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).
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Ostomy collection bags was the largest product segment in
2013 and is estimated to grow at a CAGR of 4.3% from 2014 to 2020 to reach USD
2.94 billion. Bile collection bags, on the other hand, are expected to grow at
a fast pace with a CAGR of 6.5% from 2014 to 2020, on account of rising need
for minimally invasive laparoscopic cholecystectomy procedures.
Intravenous (IV) fluid bags market revenue
is estimated to reach USD 2,469.9 million by 2020, growing at a CAGR of 5.2%
from 2014 to 2020. Medical specialty bags comprise niche segments including
home healthcare and SurgiCenters. Small non-hospital players such as
SurgiCenters are expected to drive the market growth owing to increasing demand
and customer awareness. These bags are used for surgeries in hospitals.
North America accounted for the largest
share of the market in 2013 owing to the existence of sophisticated healthcare
infrastructure, better patient awareness levels and reimbursement
framework.These elements are responsible for high rates of usage and procedure
volumes in the region.
Asia Pacific medical specialty bags markets
expected to grow at the highest CAGR of over 6.0% from 2014 to 2020. Improved
medical knowledge, in addition to improving healthcare infrastructure and
disbursements are some of the factors expected to account for its rapid growth
over the forecast period.
Key participants of this market include
Fresenius Medical Care AG & Co, Hollister Incorporated, Terumo Corporation,
Baxter International Inc., B Braun Medical Convatec Inc. and Coloplast A/S.
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Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
medical specialty bags market on the basis of product and region:
Medical Specialty Bags Product Outlook
·
Anesthesia breathing bags
·
Urinary collection bags
·
Bile collection bags
·
Sterile packaging bags
·
Blood bags
·
Ostomy collection bags
·
Enteral feeding bags
·
Cadaver bags
·
Resuscitation bags
·
Continuous ambulatory peritoneal dialysis
(CAPD) bags
·
Intravenous fluid bags
·
Enema bags
·
Ice bags
Medical Specialty Bags Regional Outlook
·
North America
·
Europe
·
Asia Pacific
·
RoW
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Medical specialty bags market@ www.grandviewresearch.com/press-release/global-medical-specialty-bags-market
About Grand View Research
Grand View Research, Inc. is a
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