Medical Specialty Bags Market
PUBLISHED: 2024 ID: SMRC26648
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Medical Specialty Bags Market

Medical Specialty Bags Market Forecasts to 2030 - Global Analysis By Product Type (Sterile Packaging Bags, Blood Bags, Ostomy Collection Bags, Cadaver Bags, Enteral Feeding Bags, Anaesthesia Breathing Bags, Urinary Collection Bags, Bile Collection Bags, Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags, Intravenous Fluid Bags, Enema Bags, Ice Bags, Resuscitation Bags and Other Product Types), Material Type, Application, End User and By Geography

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Published: 2024 ID: SMRC26648

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Medical Specialty Bags Market is accounted for $7.3 billion in 2024 and is expected to reach $10.9 billion by 2030 growing at a CAGR of 7.0% during the forecast period. Medical specialty bags are specialized containers used for the collection, storage, and transportation of various medical fluids, specimens, and waste in healthcare settings. These bags serve critical roles in patient care, infection control, and medical procedures. Common types of medical specialty bags include intravenous (IV) bags for administering fluids and medications, drainage bags for collecting urine or other bodily fluids, ostomy bags for managing waste from ostomy surgeries, and blood bags for collecting and storing blood donations or samples. 

According to the World Health Organisation (WHO), 120 million units of blood are donated annually globally, and these blood storage and transfusion activities require blood bags.

Market Dynamics: 

Driver: 

Growing burden of chronic illnesses

Chronic illnesses often require ongoing management and treatment, leading to a rise in demand for home healthcare solutions. Medical specialty bags such as intravenous (IV) infusion bags, ostomy bags, and drainage bags play crucial roles in home-based care by facilitating fluid administration, waste management, and symptom relief. As more patients opt for home-based care to manage their chronic conditions, the demand for medical specialty bags grows correspondingly.

Restraint:

Cost concerns and reimbursement limitations

Reimbursement limitations and cost concerns can affect patient access to essential medical specialty bags, particularly for patients with chronic illnesses or complex medical needs. If healthcare facilities are unable to afford or procure necessary specialty bags due to financial constraints, patients may experience delays in treatment, suboptimal care, or barriers to accessing necessary medical interventions, potentially compromising their health outcomes.

Opportunity:

Rising awareness and acceptance of home healthcare

The adoption of telemedicine and remote monitoring technologies has further facilitated the delivery of healthcare services in patients' homes. Medical specialty bags enable remote healthcare providers to monitor patients' vital signs, administer medications, and collect diagnostic samples from a distance, supporting the expansion of telehealth initiatives and improving access to healthcare for remote and underserved populations.

Threat:

Disposal challenges and environmental concerns 

Disposal challenges and environmental concerns may deter investment in research, development, and innovation within the medical specialty bags market. Manufacturers may be hesitant to introduce environmentally-friendly alternatives or invest in sustainable product design and materials if they perceive limited market demand or profitability, hindering market growth and stifling innovation.

Covid-19 Impact

While there was a surge in demand for certain types of specialty bags such as IV infusion bags and specimen collection bags due to increased hospitalizations and testing, other segments experienced declines as elective procedures were postponed and outpatient visits decreased. Disruptions in supply chains and manufacturing processes also affected the availability of medical specialty bags, leading to supply shortages and logistical challenges. Additionally, healthcare facilities faced heightened concerns about infection control and safety, leading to increased scrutiny of disposable medical products, including specialty bags.

The blood bags segment is expected to be the largest during the forecast period

The blood bags segment is estimated to have a lucrative growth, due to the availability of blood bags directly affects blood donation programs and initiatives. Blood bags need to be readily accessible to blood donation centers and mobile blood drives to facilitate the collection and storage of donated blood. Adequate supplies of blood bags are essential for maintaining blood donation programs' effectiveness and meeting the demand for blood products, particularly during emergencies or natural disasters driving the market growth.

The polyethylene segment is expected to have the highest CAGR during the forecast period

The polyethylene segment is anticipated to witness the highest CAGR growth during the forecast period, due to its versatility, flexibility, and compatibility with various manufacturing processes. It can be processed into different forms, including low-density polyethylene (LDPE), high-density polyethylene (HDPE), and linear low-density polyethylene (LLDPE), each offering specific properties suitable for different types of medical bags, such as IV infusion bags, drainage bags, and specimen collection bags.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to \ the region's aging population is driving demand for medical specialty bags, particularly those used in the management of chronic conditions and age-related health issues. Specialty bags for urinary catheters, ostomy care, wound management, and intravenous therapy are in high demand among elderly patients, contributing to market growth.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, as North America is subject to stringent regulatory requirements and quality standards enforced by agencies such as the Food and Drug Administration (FDA) in the United States and Health Canada. Compliance with regulatory guidelines is essential for manufacturers of medical specialty bags to ensure product safety, efficacy, and market approval.

Key players in the market

Some of the key players in the Medical Specialty Bags Market include Ambu AS, B Braun Medical, Baxter International Inc., C.R. Bard Inc, Cardinal Health Inc., Coloplast A/S, Convatec Inc., DuPont, Fresenius Medical Care AG & Co., Hollister Incorporated, Kawasumi Laboratories Inc., Macopharma, Medisave, Nolato AB, Pall Corporation, Persico S.p.a., Terumo Corporation, UNIFLEX HEALTHCARE, Versapak International Ltd and Westfield Medical Ltd.  

Key Developments:

In April 2024, Ambu announced 510(k) regulatory clearance from the U.S. Food and Drug Administration (FDA) of its new generation duodenoscopy solution, Ambu® aScope™ Duodeno 2 and Ambu® aBox™ 2, for use in ERCP1 procedures.

In April 2024, Baxter Expands Pharmaceuticals Portfolio with New Injectable Products in the U.S. Five new launches reinforce Baxter’s focus on differentiated products and enhance the company’s Pharmaceuticals portfolio in critical therapeutic areas 

In April 2024, Baxter Announces U.S. FDA Clearance of Novum IQ Large Volume Infusion Pump and Dose IQ Safety Software, Advancing Connected and Intelligent Infusion Therapy. Offering the Novum IQ LVP in the U.S. demonstrates Baxter’s commitment to continued innovation in advancing infusion therapy.

Product Types Covered:
• Sterile Packaging Bags
• Blood Bags
• Ostomy Collection Bags
• Cadaver Bags 
• Enteral Feeding Bags 
• Anaesthesia Breathing Bags 
• Urinary Collection Bags 
• Bile Collection Bags 
• Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags 
• Intravenous Fluid Bags 
• Enema Bags 
• Ice Bags 
• Resuscitation Bags 
• Other Product Types 
 
Material Types Covered:
• Polyvinyl Chloride
• Polyethylene
• Polypropylene
• Other Material Types

Applications Covered:
• Wound Care
• Urology
• Gastroenterology
• Critical Care
• Oncology
• Obstetrics & Gynecology
• Cardiology
• Other Applications

End Users Covered:
• Hospitals
• Ambulatory Surgical Centers
• Home Healthcare
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Medical Specialty Bags Market, By Product Type     
 5.1 Introduction        
 5.2 Sterile Packaging Bags       
 5.3 Blood Bags        
 5.4 Ostomy Collection Bags       
  5.4.1 Single-Use Bags       
  5.4.2 Multiple-Use Bags       
 5.5 Cadaver Bags        
 5.6 Enteral Feeding Bags       
 5.7 Anaesthesia Breathing Bags       
 5.8 Urinary Collection Bags       
 5.9 Bile Collection Bags        
 5.10 Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags    
 5.11 Intravenous Fluid Bags       
 5.12 Enema Bags        
 5.13 Ice Bags         
 5.14 Resuscitation Bags        
 5.15 Other Product Types       
           
6 Global Medical Specialty Bags Market, By Material Type     
 6.1 Introduction        
 6.2 Polyvinyl Chloride        
 6.3 Polyethylene        
 6.4 Polypropylene        
 6.5 Other Material Types       
           
7 Global Medical Specialty Bags Market, By Application     
 7.1 Introduction        
 7.2 Wound Care        
 7.3 Urology         
 7.4 Gastroenterology        
 7.5 Critical Care        
 7.6 Oncology         
 7.7 Obstetrics & Gynecology       
 7.8 Cardiology        
 7.9 Other Applications        
           
8 Global Medical Specialty Bags Market, By End User      
 8.1 Introduction        
 8.2 Hospitals         
 8.3 Ambulatory Surgical Centers       
 8.4 Home Healthcare        
 8.5 Other End Users        
           
9 Global Medical Specialty Bags Market, By Geography     
 9.1 Introduction        
 9.2 North America        
  9.2.1 US        
  9.2.2 Canada        
  9.2.3 Mexico        
 9.3 Europe         
  9.3.1 Germany        
  9.3.2 UK        
  9.3.3 Italy        
  9.3.4 France        
  9.3.5 Spain        
  9.3.6 Rest of Europe       
 9.4 Asia Pacific        
  9.4.1 Japan        
  9.4.2 China        
  9.4.3 India        
  9.4.4 Australia        
  9.4.5 New Zealand       
  9.4.6 South Korea       
  9.4.7 Rest of Asia Pacific       
 9.5 South America        
  9.5.1 Argentina       
  9.5.2 Brazil        
  9.5.3 Chile        
  9.5.4 Rest of South America      
 9.6 Middle East & Africa       
  9.6.1 Saudi Arabia       
  9.6.2 UAE        
  9.6.3 Qatar        
  9.6.4 South Africa       
  9.6.5 Rest of Middle East & Africa      
           
10 Key Developments         
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 10.2 Acquisitions & Mergers       
 10.3 New Product Launch       
 10.4 Expansions        
 10.5 Other Key Strategies       
           
11 Company Profiling         
 11.1 Ambu AS         
 11.2 B Braun Medical        
 11.3 Baxter International Inc.       
 11.4 C.R. Bard Inc.        
 11.5 Cardinal Health Inc.        
 11.6 Coloplast A/S        
 11.7 Convatec Inc.        
 11.8 DuPont         
 11.9 Fresenius Medical Care AG & Co.      
 11.10 Hollister Incorporated       
 11.11 Kawasumi Laboratories Inc.       
 11.12 Macopharma        
 11.13 Medisave        
 11.14 Nolato AB        
 11.15 Pall Corporation        
 11.16 Persico S.p.a.        
 11.17 Terumo Corporation       
 11.18 UNIFLEX HEALTHCARE       
 11.19 Versapak International Ltd       
 11.20 Westfield Medical Ltd.       
           
List of Tables          
1 Global Medical Specialty Bags Market Outlook, By Region (2022-2030) ($MN)   
2 Global Medical Specialty Bags Market Outlook, By Product Type (2022-2030) ($MN)   
3 Global Medical Specialty Bags Market Outlook, By Sterile Packaging Bags (2022-2030) ($MN)  
4 Global Medical Specialty Bags Market Outlook, By Blood Bags (2022-2030) ($MN)   
5 Global Medical Specialty Bags Market Outlook, By Ostomy Collection Bags (2022-2030) ($MN)  
6 Global Medical Specialty Bags Market Outlook, By Single-Use Bags (2022-2030) ($MN)  
7 Global Medical Specialty Bags Market Outlook, By Multiple-Use Bags (2022-2030) ($MN)  
8 Global Medical Specialty Bags Market Outlook, By Cadaver Bags (2022-2030) ($MN)   
9 Global Medical Specialty Bags Market Outlook, By Enteral Feeding Bags (2022-2030) ($MN)  
10 Global Medical Specialty Bags Market Outlook, By Anaesthesia Breathing Bags (2022-2030) ($MN) 
11 Global Medical Specialty Bags Market Outlook, By Urinary Collection Bags (2022-2030) ($MN)  
12 Global Medical Specialty Bags Market Outlook, By Bile Collection Bags (2022-2030) ($MN)  
13 Global Medical Specialty Bags Market Outlook, By Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags (2022-2030) ($MN)
14 Global Medical Specialty Bags Market Outlook, By Intravenous Fluid Bags (2022-2030) ($MN)  
15 Global Medical Specialty Bags Market Outlook, By Enema Bags (2022-2030) ($MN)   
16 Global Medical Specialty Bags Market Outlook, By Ice Bags (2022-2030) ($MN)   
17 Global Medical Specialty Bags Market Outlook, By Resuscitation Bags (2022-2030) ($MN)  
18 Global Medical Specialty Bags Market Outlook, By Other Product Types (2022-2030) ($MN)  
19 Global Medical Specialty Bags Market Outlook, By Material Type (2022-2030) ($MN)  
20 Global Medical Specialty Bags Market Outlook, By Polyvinyl Chloride (2022-2030) ($MN)  
21 Global Medical Specialty Bags Market Outlook, By Polyethylene (2022-2030) ($MN)   
22 Global Medical Specialty Bags Market Outlook, By Polypropylene (2022-2030) ($MN)  
23 Global Medical Specialty Bags Market Outlook, By Other Material Types (2022-2030) ($MN)  
24 Global Medical Specialty Bags Market Outlook, By Application (2022-2030) ($MN)   
25 Global Medical Specialty Bags Market Outlook, By Wound Care (2022-2030) ($MN)   
26 Global Medical Specialty Bags Market Outlook, By Urology (2022-2030) ($MN)   
27 Global Medical Specialty Bags Market Outlook, By Gastroenterology (2022-2030) ($MN)  
28 Global Medical Specialty Bags Market Outlook, By Critical Care (2022-2030) ($MN)   
29 Global Medical Specialty Bags Market Outlook, By Oncology (2022-2030) ($MN)   
30 Global Medical Specialty Bags Market Outlook, By Obstetrics & Gynecology (2022-2030) ($MN) 
31 Global Medical Specialty Bags Market Outlook, By Cardiology (2022-2030) ($MN)   
32 Global Medical Specialty Bags Market Outlook, By Other Applications (2022-2030) ($MN)  
33 Global Medical Specialty Bags Market Outlook, By End User (2022-2030) ($MN)   
34 Global Medical Specialty Bags Market Outlook, By Hospitals (2022-2030) ($MN)   
35 Global Medical Specialty Bags Market Outlook, By Ambulatory Surgical Centers (2022-2030) ($MN) 
36 Global Medical Specialty Bags Market Outlook, By Home Healthcare (2022-2030) ($MN)  
37 Global Medical Specialty Bags Market Outlook, By Other End Users (2022-2030) ($MN)  
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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