About medical specialty bags
Medical speciality bags are used in assisting, preventing, and treating various disorders, including ostomy, cancer, and respiratory and ophthalmic diseases. It includes a wide range of products, such as urine bags, blood bags, ostomy bags, bile collection bags, enema bags, and anaesthesia bags. They are mostly used for surgical procedures. The demand for surgeries is growing due to increase in prevalence of chronic diseases and rise in the number of accidents, which is leading to demand for medical speciality bags. Improvement in medical amenities, advances in technology, and growing awareness about health and hygiene issues are factors fueling the growth of the medical specialty bags market. Government initiatives, rise in spending on healthcare infrastructure, increased R&D, introduction of reimbursement policies, and increase in level of awareness in developing countries are also contributing to the growth of the market.
Technavio's analysts forecast the global medical speciality bags market to grow at a CAGR of 5.22% over the period 2014-2019.
Covered in this report
The global medical speciality bags market can be segmented into two based on types of bags and geography.
Technavio's report, Global Medical Speciality Bags Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, APAC, and ROW; it also covers the global medical speciality bags market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Medical Specialty Bags Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Medical Specialty Bags Market: B Braun Medical, Coloplast, Hollister, Pall and Terumo
Other Prominent Vendors in the market are: AdvacarePharma, Baxter International, C.R. Bard, Convatec, Fresenius Medical, Kawasumi Laboratories, Kingsystems, KNF Flexpak, Lily Medical, Mediplus, Innvol, Pennine Healthcare, and Phoenix Medical Systems.
Commenting on the report, an analyst from Technavio’s team said: “Increased use of disposable bags is a leading trend in the global medical speciality bags market. With the increase in cases of infection and the risk of cross contamination, there has been a sudden increase in the demand for disposable bags. People have become more aware about the various health issues caused by reusing bags like urine bags or enema bags.”
According to the report, the increase in the prevalence of chronic diseases drives the growth of the global medical speciality bags market. The rising number of chronic diseases such as cancer, cardiovascular diseases, and kidney diseases has increased the demand for medical speciality bags.
Further, the report states that the rise in the number of counterfeit healthcare products is a major challenge for this market. People are ready to pay extra for bag packages containing anti-counterfeit tags. In addition, the low awareness about diseases and their treatment is a significant challenge that hinders the growth of the market.
B Braun Medical, Coloplast, Hollister, Pall, Terumo, AdvacarePharma, Baxter International, C.R. Bard, Convatec, Fresenius Medical, Kawasumi Laboratories, Kingsystems, KNF Flexpak, Lily Medical, Mediplus, Innvol, Pennine Healthcare, Phoenix Medical Systems.