Latest News- Medical Specialty Bags Market: Ostomy bags is expected to lead the Product segment during 2025-2029

The Medical Specialty Bags Market is being driven by Increasing incidence of diseases

The Medical Specialty Bags Market is expected to grow at a CAGR of 10.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7798.7 million. In the Medical Specialty Bags market, leading companies are making substantial investments in research and development to produce technologically advanced ostomy products. Innovations have given rise to customized ostomy bags that cater to diverse patient needs. For instance, Coloplast AS offers the SenSura Mio and SenSura Mio Convex ostomy solutions, with SenSura Mio Concave being a novel, patient-specific product designed for curves, bulges, and hernias. Similarly, ConvaTec Group Plc is expanding its product line with extensive convex ostomy bags, addressing the increasing demand for ostomy solutions that fit the contours of obese patients' abdomens and adhere securely to soft skin surfaces. ConvaTec's Natura Convex Cut-to-Fit Accordion Flange is a notable example, simplifying two-piece ostomy pouch applications and enhancing comfort for individuals with a stoma. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Ostomy bags
  • IV fluids bags
  • CAPD bags
  • Urine bags
  • Others
• End-user
  • Hospitals
  • ASCs
  • Others
• Material
  • PVC bags
  • Polyolefin bags
  • EVA bags
  • PP bags
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing incidence of diseases
• Increasing number of surgical, dialysis, and blood transfusion procedures
• High growth potential for medical specialty bags in emerging countries

However, the market also witnesses some limitations, which are as follows:

• Risk factors and complications associated with medical specialty bags
• Consolidation of buyer groups
• Quality control and safety concerns

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Market Scope in Medical Specialty Bags Market Research Report

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Research Analysis Overview

The Medical Specialty Bags market caters to the needs of the elderly population and those suffering from acute diseases, urinary bladder cancer, related disorders, and uncontrollable maladies. These bags are essential for maintaining a hazard-free environment during blood storage, bile collection, gastrointestinal feeding, and urinary collection. Sterile packaging ensures safety from infected sites. The market includes medical bags for bowel incontinence, Ostomy collection pouches, and medical accessories. Government agencies and health infrastructure play a crucial role in compensation policies and public awareness. Research and development continue to drive competitive prices and innovation in this sector, addressing chronic diseases and bile leakage.

Market Research Overview

The global healthcare supplies market encompasses businesses involved in the research and development of a wide range of medical consumables, including medical specialty bags, used for the diagnosis and treatment of various conditions, particularly those affecting the elderly population and those with acute diseases, such as urinary bladder cancer and related disorders. According to Technavio, market growth will be fueled by the increasing elderly demographic, with the global population aged 60 and above projected to reach nearly one-quarter by 2050 in the US, and Europe reaching a similar proportion by 2030. To ensure a hazard-free environment, medical specialty bags must adhere to stringent safety regulations, making it a crucial segment of the healthcare supplies market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/