Medical Specialty Bags Market

Global Medical Specialty Bags Market Size (2024 to 2032)

The global medical specialty bags market was worth US$ 6,755 million in 2023 and is anticipated to reach a valuation of US$ 11,907 million by 2032 from US$ 7,195 million in 2024, and it is predicted to register a CAGR of 6.5% during the forecast period 2024-2032.

Medical specialty bags are specially designed bags for the safety and care of patients. Also, the bags help reduce contamination and 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 in collecting the samples of patients.

Current Scenario of the Global Medical Specialty Bags Market

During the current world 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 producing safety kits in this pandemic situation. New research is 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 strong and durable.

MARKET DRIVERS

Technological advancements and rapid adoption of medical specialty bags are majorly boosting the global medical specialty bags market growth.

Conducting several awareness programs about the bags and their usage in hospital and home-based patients drives the market forward. Factors affecting this market are the rising demand for surgeries, the growing incidence of chronic diseases, and medical procedures like blood transfusions 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. Increasing research and development in manufacturing medical specialty bags in various applications will boost the market forward. Most researchers designed these medical specialty bags per the patient's requirements. For some special surgeries and dialysis, personalized bags are essential to driving the market ahead.

Medical specialty bags have a stable growing market due to the increasing number of hospitals and laboratories.

In addition, the rising number of surgeries, such as urinary and laparoscopies, positively influences the market's demand. Furthermore, since the aged population has a urine continence problem, the need for the medical specialty market is increasing. Disposable intravenous pouches are becoming popular among healthcare facilities due to their benefits like biodegradability and effectiveness.

MARKET RESTRAINTS

Reimbursement is a major restraint limiting the medical specialty bags market growth.

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, the availability of alternatives in the market, and 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.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Medical Specialty Bags Market Analysis By Product

The intravenous fluid bags segment is expected to have the fastest growth due to its various applications. IV fluids store the IV fluids used to inject into veins to prevent dehydration and treat several diseases. These IV fluid bags are used during surgery in hospitals. Therefore, PVC bags play a significant role in the market share. Peritoneal dialysis is the most undergone dialysis for patients suffering from kidney problems, and it is an essential type of renal replacement therapy for uremic patients. In peritoneal dialysis, move into and out of the abdominal cavity up to five times per day. The fluid is usually collected in a polyvinyl chloride (PVC) bag. As a result, most producers produce these bags using new materials that prevent fluid leakage. Ostomy bags are expected to have the highest market share. These bags collect waste and urine, which are produced in the body. In this single-use, bags have the highest market share. Disposable bags are very convenient and can be used by any age group. For this bag, there is less chance of leaks or odor. These bags are used more for the colostomy procedure to collect the waste that leaves the body. These bags are attached to the stomata used during the surgery to collect the waste.

Blood bags are the next segment that drives the market forward. These blood bags are used in hospitals and clinics to collect blood. They are also used in blood bags to collect, separate, store, and transport blood to prevent leakage and enter bacteria into the blood.

REGIONAL ANALYSIS

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 surgery bags is increasing in every region for safety concerns, boosting the market's growth rate. The increasing older population in this region drives the market share in this region. Older people are prone to different types of diseases. These people cannot take care of their own and cannot do their own personal work. People who cannot walk and rest comfortably in bed use different types of bags for their daily activities. As a result, these older adults are using urination bags to collect urine through some pipes. These bags are also used for pregnant women and people who have undergone major surgeries for specific periods, which drives the market forward. The key players focus more on developing innovative products favoring the end-users, which significantly influences the market growth. Also, the increasing economy and government funds for healthcare will contribute to regional market growth. Health Canada is more focused on manufacturing specialty bags for hospital needs and increasing awareness programs for the usage of all the different types of bags in the hospital and the medical sector.

Following North America, Europe holds the largest share of the market. The rising geriatric population and constant economic growth are elevating the market's demand. In Europe, urine collection bags are mainly used as medical specialty bags, driving the market forward. These urine collection bags are used by people who cannot walk to the bathroom or any other place due to heavy surgeries. Germany has introduced a new type of intravenous medical solutions bags. Most researchers are working on designing a bag with material that does not leak any fluid. Bedside bags are mainly used medical specialty bags used in Germany.

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 will also contribute the highest shares for the market growth in the coming years. Due to increasing awareness among the Asia Pacific people, the key players are manufacturing first aid bags with an advanced design. These first-aid bags are used in hospitals, houses, and clinics. These bags are easy to carry anywhere, which drives the medical specialty bags in this region. In India, in 2022, Dehradun-based Max Super Speciality Hospital got the best patient-friendly award because it efficiently uses medical specialty bags. Different types of medical specialty bags used in hospitals give the patient quality treatment. In China, this market started growing during the pandemic period. Most people in China are affected by the coronavirus disease. Most hospitals and the general people are using medical specialty bags to prevent these diseases, which drives the market forward. To prevent the spread of the virus from one person to another person key players have manufactured the bags with no spread of the virus with the advanced material.

The medical specialty bags market is increasing in the Middle East and Africa. The key players and awareness of the products will drive the demand for these bags in the forecast period.

This market has grown by increasing healthcare and hygiene among Latin Americans in recent years. Most people in Latin America are suffering from chronic diseases. Therefore, most people should require these specialty bags throughout their treatment. In Brazil, nearly lakhs of people die yearly from chronic disease. In addition, increasing obesity in developing liver disease and diabetes diseases results in the market development in this region.

KEY PLAYERS IN THE GLOBAL MEDICAL SPECIALTY BAGS MARKET

Companies leading the global medical specialty bags market profiled in this report are Terumo Corporation, 8. 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 HAPPENINGS

• In March 2020, Due to the spread of COVID-19, Hollister Incorporated announced that it does not anticipate any effects on its capacity to provide ostomy or intermittent catheter products.
• In 2020, Coloplast agreed with ostomy products with Premier Inc. in the US. These include a portfolio of ostomy products, pouches, and supporting products.
• In 2019, ICU Medical, Inc. agreed with Scripps Health to manufacture infusion systems, IV Consumables, and Smart Infusion Pumps.

DETAILED SEGMENTATION OF THE GLOBAL MEDICAL SPECIALTY BAGS MARKET INCLUDED IN THIS REPORT

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

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

By Region

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