North America Medical Specialty Bags Market

North America Medical Specialty Bags Market Size & Growth (2023 to 2028):

As per the research report, the size of the North America Medical Specialty Bags Market is valued at USD 2287.0 million in 2023 and estimated to grow at a CAGR of 5.92%, to reach USD 3248.9 million by 2028 during the forecast period 2023 to 2028.

The recent technological advancements are the primary factor boosting the growth of the North American medical specialty bags market.

Increasing awareness about these bags in the forecast period will boost the market growth. Factors such as the rising incidence of chronic diseases, surgeries, and blood transfusions stimulate market growth. There are enormous numbers of bags that are needed for dialysis. Various inflammatory bowel diseases, diverticulitis, and colorectal cancer also drive the market for Ostomy procedures. Increasing numbers of hospitals and laboratories are responsible for the steady growth of medical specialty bags. With more surgeries, such as laparoscopies and cystoscopies, the market's demand has been positively influenced. A rise in urinary incontinence problems in the elderly population is driving the need for a medical specialty market. The benefits of disposable intravenous pouches like biodegradability and effectiveness are gaining popularity among healthcare providers.

Various vendors offer innovative products in the North American medical device packaging market due to the growing number of use cases and increased demand for plastic packaging. Amcor Dual Chamber Pouch, for example, uses a laminated foil that prevents light, moisture, and oxygen from entering to enhance shelf life and drug efficacy.

Reimbursement issues have hindered market growth for medical specialty bags. The market for medical bags is also predicted to be hampered by the difficulty of finding sizeable parenteral infusion bags at the bedside. Additionally, the market is affected by poor consumer awareness, a lack of alternative products, and the inherent risks associated with medical specialty bags. Such bags are used in the treatment of cancer and other diseases. There are risks and complications associated with these bags. Medical specialty bags may cause cosmetic complications as a result of skin irritation. Additionally, counterfeit medical specialty bags could negatively impact the industry.

This research report on the North America Medical Specialty Bags Market has been segmented and sub-segmented into the following categories:

By Product:

• Anesthesia Breathing Bags
• Bile Collection Bags
• Blood Bags
• Cadaver Bags
• Continuous Ambulatory Peritoneal Dialysis Bags
• Enteral Feeding Bags
• Intravenous Fluid Bags
• Ostomy Bags
• Sterile Packaging Bags
• Urinary Collection Bags 

By Country:

• U.S
• Canada
• Rest of North America

Geographically, North American region has most significant growth than in global due to the increasing healthcare infrastructure and favorable reimbursement policies. In addition, safety concerns are boosting the market's growth in all regions, boosting the market growth rate. To influence the market growth, the key players develop innovative products that benefit the end-users.

Furthermore, government funding for healthcare and the growing economy will contribute to developing the regional market. U.S. manufacturers of high-value medical equipment will continue to produce high-value products requiring specialized packaging throughout the years as they commercialize high-value supplies, instruments, and equipment.

Further, an increase in the demand for hygiene equipment, diagnostic equipment, and rehabilitation equipment also increases the market's growth in the United States. As of July 2020, the United States reported 26% of the world's cases of Covid-19 and 24% of its death rate, according to the New England Journal of Medicine. In addition, medical Specialty Bags are expected to become more popular due to the pandemic, which may prompt meaningful incremental changes in healthcare spending.

KEY MARKET PLAYERS

Companies playing a dominant role in the North America 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, are the key players in the North America Medical Specialty Bags market.,