Global Medical Specialty Bags Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019, the market research report by Transparency Market Research provides a comprehensive research on the global medical specialty bags market. The report is a result of close monitoring and analysis of industry trends around the globe along with profound data on market size and market share – of the overall industry at macro level as well as specific categories at the micro level. According to the report, the global market of the medical specialty bags is expected to grow from 6,253.1 million in 2011 to USD 8,335.2 million in 2018 by observing significant growth 2011 to 2018, the forecast period of the report.
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The major reason behind the growth of the global medical specialty bags is the fact that a major part of the world’s population is ageing. This is especially evident in the Asia Pacific region, the home to one-third of the world population. The rising share of ageing population acts as a favoring feature to the growth of this market on a global front. Medical specialty bags find applications in many medical practices and help in limitation disorders that may result from conditions such as bowel incontinence, bile leakage, etc. Medical specialty bags fall in the category I of medical devices and so, process of their approval from the FDA and CE are relatively less complicated as compared with other medical devices. This is another major reason behind the swift growth of this industry on the global front.
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The report segments the global medical specialty bag market on the basis of product types as - bile collection bags, blood bags, anesthesia breathing bags, cadaver bags, ice bags, continuous ambulatory peritoneal dialysis (CAPD) bags, enteral feeding bags, enema bags, intravenous fluid bags, resuscitation bags, ostomy collection bags, urinary collection bags market and sterile packaging bags.
Amongst the various product types, the segment of intravenous fluid bags and ostomy collection bags currently leads the market by generating the major revenues for the industry. These segments are also expected to continue their lead till the end of forecast period. The segment of bile collection bags represents the fastest growing segment owing to an increased demand for procedures like minimally invasive laparoscopic cholecystectomy
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Geography-wise the region of North America held the majority of market shares 2011. Market position of this region was followed by that of Europe. The region of Asia also represents major growth opportunities for the growth of this market, owing to rising demographics and unmet medical needs of patients in this region.
Some of the major manufacturers of medical specialty bags include: Braun Melsungen AG, Hollister Inc., ConvaTec, Inc., Coloplast and others.