Medical Specialty Bags Market Size to grow by USD 6.86 billion between 2024-2028
According to a research report “ Medical Specialty Bags Market” by Product (Ostomy bags, IV fluids bags, CAPD bags, Urine bags, Bile collection bags and others) End-user (Hospitals, ASCs, Others) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 6.86 billion, at a CAGR of 9.86% during the forecast period. The global medical specialty bags market is experiencing significant growth due to several key drivers. These include the rise in sedentary lifestyles, shifting climatic conditions, and a growing population. Furthermore, the burden of chronic diseases and conditions is increasing worldwide, with a particular focus on the ostomy devices market. Factors such as the increasing incidence of colorectal cancer, bladder cancer, inflammatory bowel diseases like Crohn's disease and ulcerative colitis, and diverticular disease are fueling demand. Additionally, the high prevalence of diabetes, which was approximately 8.81% globally in 2019 and is projected to reach nearly 485 million by 2025, is contributing significantly to market growth..
Browse market data tables, figures, and in-depth TOC on “Medical Specialty Bags Market” by Product (Ostomy bags, IV fluids bags, CAPD bags, Urine bags, Bile collection bags and others) End-user (Hospitals, ASCs, Others) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample
By Product, the Ostomy bags segment is projected to dominate the market size in 2024
In the medical field, ostomy bags serve as essential solutions for individuals undergoing ostomy surgery, a procedure that involves creating an opening, or stoma, between the intestines and the abdominal wall to facilitate the collection of waste materials. Ostomies are typically performed to manage conditions affecting the colon or large intestines, such as Inflammatory Bowel Disease (IBD), ulcerative colitis, Crohn's disease, colorectal cancer, bladder cancer, trauma, and diverticulitis. Three primary types of ostomy surgeries include colostomy, ileostomy, and urostomy. Depending on the type of surgery, disposable or reusable ostomy bags are available in various sizes and capacities to effectively collect urine or stool.
By End-user, Hospitals segment is expected to hold the largest market size for the year 2024
The hospital sector dominates the global medical specialty bags market, accounting for a significant market share. This is primarily driven by the increasing number of inpatients with critical conditions and the high volume of surgeries conducted in hospitals. With the presence of both public and private hospitals, including multispecialty hospitals with a capacity of up to 500 beds, the demand for medical specialty bags is significantly high. These hospitals maintain close relationships with suppliers to procure large quantities of therapeutic devices and medical supplies, including anesthesia and resuscitation bags, blood bags, ostomy bags, and IV fluid bags. Government organizations and reimbursement authorities collaborate with hospitals to facilitate patient care, further fueling the market growth.
North America is forecasted to hold the largest market size by region in 2024
The medical specialty bags market in North America, comprising the US and Canada, is a significant revenue generator. Factors fueling market growth include an aging population, a rise in chronic diseases such as cancer, IBD, ESRD, and urinary incontinence, and the presence of established vendors. In Canada, approximately 10% of the population experiences urinary incontinence. Established vendors in the region offer a range of medical specialty bags, including disposable and reusable options made from biocompatible materials like PVC-free and latex-free substances, catering to various needs and applications. These factors collectively contribute to the increasing adoption of medical specialty bags in North America.
The Medical Specialty Bags Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The Medical Specialty Bags Market encompasses a range of products designed for the collection and storage of various medical fluids, including blood, urine, bile, and nutrients. These bags play a crucial role in managing uncontrollable maladies such as ostomy collection pouches for bowel incontinence, urinary collection bags for urinary bladder cancer, and bile collection bags for gastrointestinal disorders. Driven by research and development, competitive prices, and public awareness, the market for medical specialty bags continues to grow. Reimbursement plans and compensation policies have also contributed to the market's expansion, particularly for the elderly population dealing with chronic diseases and related disorders. Health infrastructure and Government agencies have a significant impact on the market's growth. The need for cost-effectiveness and a hazard-free environment has led to the development of sterile packaging and advanced materials for medical bags. Medical accessories such as catheters, needles, and tubes are often used in conjunction with medical specialty bags for procedures like gastrointestinal feeding, blood storage, and bile leakage. The market also caters to acute diseases and infected sites, ensuring the availability of high-quality, reliable products. In conclusion, the Medical Specialty Bags Market plays a vital role in the healthcare industry, addressing the needs of patients with various medical conditions and ensuring the safe and effective collection, storage, and transportation of essential fluids and nutrients.
Market Research Overview
The Medical Specialty Bags market caters to the specific needs of various medical conditions, primarily focusing on the geriatric population with uncontrollable maladies such as bowel incontinence, ostomy, and gastrointestinal disorders. These bags are designed for collecting gaseous body excreta (flatulence) and solid body excreta (stool) from the rectum, abdomen, or stoma. Two common types of medical specialty bags are ostomy collection bags, available in PVC material-based and non-PVC material, and disposable, reusable, or multiple-use options. Other applications include enema bags, ice bags for resuscitation, intravenous fluid bags, and urinary collection bags. In the context of geriatric care, medical specialty bags are essential for managing conditions like bile leakage, related disorders, and chronic diseases such as urinary bladder cancer. These bags must maintain a hazard-free environment while ensuring cost-effectiveness, competitive prices, and public awareness. Government agencies and health infrastructure play a crucial role in promoting research and development, reimbursement plans, and compensation policies for medical accessories like medical specialty bags. These bags are also used in anesthesia breathing systems, enteral feeding, and blood storage. In summary, the Medical Specialty Bags market caters to diverse medical applications, focusing on the elderly population and their unique healthcare needs. The market is driven by the increasing prevalence of chronic diseases, multimorbidity, and the importance of maintaining a sterile packaging environment for fluids, nutrients, drugs, and gases.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
