Growing public awareness of the value of medical hygiene,
particularly in the wake of the pandemic, is also driving the size
of the medical specialty bag market.
WILMINGTON, Del., July 16,
2024 /PRNewswire/ -- The global medical
specialty bags market was projected to attain US$ 8.9 billion in 2023. It is anticipated to
garner a 5.5% CAGR from 2024 to 2032 and by 2032, the market
is likely to attain US$ 14.3
billion. Medicinal specialty pouches are widely utilized
in hospitals, clinics, and home care settings across the world due
to their sterility, simplicity, and mobility.
Current market trends for medical specialty bags point to a
change in emphasis toward creating biobased and sustainable
materials to lower carbon emissions and enhance patient safety.
Continuous research and development in bag design and material,
such as adding safety features and anti-microbial sealants, helps
improve durability and reduce contamination and leakage.
Innovative technologies like RFID tracking sensors and real-time
monitoring systems improve patient outcomes and simplify operations
in healthcare institutions.
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Key Findings of the Market Report
- The number of chronic illness cases is rising due to several
variables, including an aging population, growing environmental
concerns, adopting an unhealthy contemporary lifestyle, and
previous genetic predispositions.
- People may easily get diagnostic tests and screenings because
of ongoing advancements in medical science in both research and
healthcare technology.
- Compared to earlier decades, this is causing a spike in
identifying and diagnosing chronic diseases and unusual
ailments.
- Patients with chronic diseases can get medicine and necessary
fluids or nutrients more safely and reliably when they use clinical
specialty satchels.
- These bags provide long-term support and care management,
reduce the possibility of contamination, and allow for the accurate
administration of doses during procedures.
Market Trends for Medical Specialty Bags
- In healthcare and caregiving, medical hygiene refers to methods
and procedures that aid in the containment of infections and
preserve sterility.
- Since the start of the COVID-19 pandemic, there has been a
notable increase in public health awareness and the significance of
maintaining cleanliness in healthcare institutions.
- Medical specialty pouches provide a hygienic, single-use option
for storing medications and essential fluids, lowering the
possibility of contamination or infection spread.
- By including characteristics like biodegradable materials and
leak-proof sealants, medical specialty bags increase market
prospects by making healthcare professionals' jobs easier.
Global Market for Medical Specialty Bags: Regional
Outlook
- In terms of market share for medical specialty bags,
North America led the way in 2023.
A strong healthcare infrastructure, increased demand for
sophisticated medical treatment, and an extensive distribution
network contribute to the region's market value.
- According to Canadian Blood Services, approximately 400,000
individuals in Canada routinely
donate blood. Blood bags are thus required as a result of this. The
National Renal Foundation projects that by 2030, over a million
people will experience renal failure, necessitating the use of
dialysis bags.
- According to industry insights, the medical specialty bag
market is expected to develop steadily in Asia Pacific between 2024 and 2032. Improved
access to healthcare facilities in growing economies such as
China and India, increasing urbanization, and an
increase in post-operative problems all contribute to market
figures in the developing world.
Medical Specialty Bags Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2032
|
Base
Year
|
2019-2023
|
Size in 2023
|
US$ 8.9 Bn
|
Forecast (Value) in
2032
|
US$ 14.3 Bn
|
Growth Rate
(CAGR)
|
5.5 %
|
No. of
Pages
|
150
Pages
|
Segments
covered
|
By Product Type, By
Material Type, By Application, By Region
|
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Global Medical Specialty Bags Market: Key
Players
Market players in the global medical specialty bag market are
developing customized bags for healthcare and clinical specialist
sacks to meet changing government regulations and medical safety
requirements.
Key companies in the industry use regional development,
mergers and acquisitions, and research collaborations with other
entities as essential strategies to broaden their product offerings
and connect with younger consumers. The following companies are
well-known participants in the global medical specialty bags
market:
- Baxter International Inc.
- B. Braun Medical Inc.
- Technoflex S.A
- Fresenius SE & Co KGaA
- Sippex
- Polycine GmbH
- Kraton Corporation
- The Metrix Company
- Medicopack A/S
- Macopharma SA
- Haemotronic S.p.A
- Otsuka Pharmaceutical Factory Inc.
Key developments by the players in this market are:
- Vonco goods LLC, a well-known maker of plastic goods and
packaging, declared in April 2023
that had acquired Genesis Plastics Welding, a major developer of
medical equipment. With the purchase, Vonco is able to concentrate
on quality and innovation while diversifying its product line to
include medical bags, specialized pouches, and fluid bags.
- Leading medication and therapeutics firm Gufic Biosciences
presented a unique drug delivery system in June 2022. The system consists of dual-chamber
bags made of peel-able aluminum foil and polypropylene (free of
DEHP). These specially made bags for healthcare guarantee the safe
storage of unstable medications, which may be reformed before being
administered.
Global Medical Specialty Bags Market
Segmentation
Product Type
- Anesthesia Breathing Bags
- Bile Collection Bags
- Ostomy Bags
- Resuscitation Bags
- Blood Bags
- CAPD Bags
- Enema Bags
- Enteral Feeding Bags
- IV Bags
- Urinary Collection Bags
- Others
Material Type
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Others
End User
- Hospitals
- Blood Banks
- Pharmaceuticals
Region
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East &
Africa
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