USD 9.8 billion
Medical Specialty Bags Market Size, Share, Growth Analysis, By Product Outlook(Anaesthesia Breathing Bags, Urinary Collection Bags, Bile Collection Bags, and Ostomy Collection Bags), By End User(Hospitals, Ambulatory Surgical Centers, Home Healthcare, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2219 |
Region:
Global |
Published Date: November, 2024
Pages:
206
|Tables:
65
|Figures:
70
Medical Specialty Bags Market Insights
Global Medical Specialty Bags Market size was valued at USD 9.8 billion in 2022 and is poised to grow from USD 10.24 billion in 2023 to USD 14.56 billion by 2031, growing at a CAGR of 4.50% during the forecast period (2024-2031).
The geriatric population and the increasing incidence of acute diseases, including bladder cancer and other diseases associated with the bladder, are the main reasons for this growth. According to the American Cancer Society, nearly 90% of cases of bladder cancer take place in individuals older than 55 years. In this regard, this disease is prevalent in elderly patients. The mean age at diagnosis is 73. With a possible 1 in 28, men are also known to develop bladder cancer compared to females whose risk is about 1 in 89 throughout their life. Bags of medical specialty can be used to keep the environment around the affected part to be clean and safe. They are used in storing and delivering different fluids, drugs, and nutrients to the patients. Some of the primary uses of the medical bag include feeding through the gastrointestinal tract, collection of bile, storage of blood, and sterile packing. Medical bags can contain leaking bile and incontinence of the bowel. WHO estimated that there are 120 million units of blood donation annually, and blood bags are used for the storage and transfusion of blood. Blood, urine, ostomy, intravenous (IV), and enteral bags come in a variety of sizes and shapes but are made of rubber, latex, and plastic.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Anesthesia Breathing Bags
Growth Rate
4.50%
Global Medical Specialty Bags Market ($ Bn)
Country Share for North America Region (%)
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Medical Specialty Bags Market Segmental Analysis
Global Medical Specialty Bags Market is segmented into Product Type, Material Type, End user, and region. By Product Type, the market is classified into Anesthesia Breathing Bags, Bile Collection Bags, Ostomy Bags, Resuscitation Bags, Blood Bags, CAPD Bags, Enema Bags, Enteral Feeding Bags, IV Bags, Urinary Collection Bags, and Others. Depending on the Material Type, it is categorized into Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), and Others. According to End user, the market is divided into Hospitals, Blood Banks, Pharmaceuticals, and Other Government Institutes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis By Product Outlook
The ostomy collection bags segment dominated the market in 2023, capturing 30.38%. This is mainly due to the rising number of cases of gastrointestinal disorder manifestations, which have included ulcerative colitis and Crohn's disease. Ostomy surgeries are increasing in demand with the increasing older population across the globe, as this group has more chances of facing disease conditions that demand ostomy surgeries. Therefore, the market is predicted to expand due to the advanced ostomy bag technology, with superior materials for increased comfort and odor control. For instance, Ostomate Innovations recently launched the ORIENTMED Ostomy bag in January 2024; a technological innovation on ostomy management. With more acceptable and covert experience, this new device enhances the quality of life for people who have ostomies.
The Bile collection bags segment is projected to grow significantly during the forecast period. The explosive growth rate can be attributed to the increasing prevalence of gallbladder diseases and the increasing adoption of minimally invasive surgical procedures where bile collection bags are used. For example, the American College of Gastroenterology projects that 10–15% of adults living in America face gallstones. Globally, the three key factors responsible for increasing gallbladder illnesses are obesity, sedentary lifestyles, and an aging population. Bile collecting bags have better leak-proof mechanisms and antibacterial qualities, among other technical advances, which make them propel their usage in a hospital environment. This focus on patient comfort and the fact that proper bile management is required during and after gallbladder procedures also fuels a need for sophisticated bile collecting bags.
Analysis By Application
Hospitals comprise the largest share in the medical specialty bags market, due to the many diverse demands. Some of these bags are used in the management of fluids, in patient care, and for garbage waste, including both biohazard and general waste bags. This calls for huge and consistent supplies as the figures of patients and treatments administered are a whopping number. The measures implemented to maintain safety and infection control in the hospitals render medical bags an absolute essential. Such an elaborate and complex operation does call for this industry to be at the helm of this market.
The medical specialty bag market grows the fastest in home healthcare. The primary reason is the rising demand from patients who seek care at home and medical innovations that enable efficient treatment to be provided at home. Increased rates of the older population, chronic illnesses, and more increase this further. Home care involves specialized bags, for instance, wound care bag, infusion treatment, and ostomy care. The needs of the patients treated at home are met with the convenience, safety, and ease of use that characterizes this line of bags. Specialty goods markets rise with the home healthcare business.
Global Medical Specialty Bags Market By End User
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Medical Specialty Bags Market Regional Insights
As of 2023, the North American market accounted for 27.85% of the total medical specialty bags market. North America's robust and developed health care system and higher adoption rate are contributions driving the market. Pharmaceutical companies operating within this region continue to invest in resources in the development of medical specialty bags consistently. According to published data by the Centers for Medicare and Medicaid Services, the national health expenditures increased 4.1% in 2022 to reach a total of USD 4.5 trillion, or 17.3% of GDP. During 2024-2031, the US medical specialty bags market is slated to witness an impressive growth rate. The competition in this market has become very aggressive with top-grade global players vying for leadership positions. Manufacturers are increasingly incorporating smart technology and innovative materials to make their products more useful and safer.
In 2023, in terms of revenue share, Europe dominated the market for medical specialty bags. The leading companies in the market are heavily investing to expand their local manufacturing facilities. For instance, Hollister Incorporated, it is an international healthcare business that, in February 2023, enhances its manufacturing operation in Kaunas, Lithuania by a significant amount. The company will spend an investment worth USD 25.0 million over the next four years to expand manufacturing capacity at the Kaunas Free Economic Zone facility. This growth shall witness Hollister providing its critical care, ostomy, and continence care products to Europe in increasing demand.
Global Medical Specialty Bags Market By Geography
- Largest
- Fastest
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Medical Specialty Bags Market Dynamics
Drivers
Rise in Aging Population
- The increasing geriatric population increases the demand for specialty medical bags. Old people have health conditions related to aging and chronic diseases, which compel them to continue consulting the specialists. The attack of any of these chronic illnesses related to aging increase since longevity is on the rise. The demand to increase the need for home healthcare services in old people opting to take the treatment at home instead of in institutions is pressured by this choice. In this respect, the resultant demand for different specialist bags designed for home and hospital use increases the market growth in totality.
Advancements in Medical Technology
- The main factor for the medical specialty bags market is medical devices and materials advancement technology. Advancements in specialty bags include biocompatible materials, longer durability of the bag, and ergonomic designs. These innovative aspects, such as antimicrobial coatings and high-tech sealing mechanisms, facilitate better patient outcomes and management of infection. Specialty bags are being increasingly adopted in ambulatory surgery centers, hospitals, and even in home care settings. Technology moves ahead to change with the needs of both patients and healthcare providers. The payoff is not only that added premium functionalities enhance the product itself, but that market growth is enhanced as well.
Restraints
High Cost of Medical Specialty Bags
- High-priced Advanced medical specialty bags are certainly very expensive, which could be one of the market's biggest negatives. Higher price sometimes relates to premium functionality, such as incorporated technology or quality materials. This can be more problematic for patients who assume responsibility for their treatment from a home or healthcare institution with very tight finances. Cost considerations may make consumers less predicted to embrace new or better products, which may limit the market's growth in its entirety. More so, the cost containment measures of health care systems may favor cheaper options, which would impact the market of more expensive specialist bags. It is critical to address the cost issues without deterioration in the quality of the products so that the business can achieve wider acceptance from consumers.
Regulatory Challenges
- Rigid regulatory issues may make the medical specialty bag business avoidable. Manufacturers must grapple with a myriad of complicated regulations that differ from one region to another. For instance, the manufacturer must face rigorous testing, certification procedures, and safety standards observance. Although these standards ensure that the product is both efficient and safe, it raises the cost of development and delays the launch of a product. Extra criteria for compliance or changes to regulatory frameworks make the process more complicated. The smaller organizations might face more problems in getting behind such requirements, which prevents them from competing and developing in the market.
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Medical Specialty Bags Market Competitive Landscape
This is one of the most competitive industries and dominated by specialist regional businesses and established global companies. Major corporations in this market include Hollister Incorporated, Coloplast, and Baxter International, with large product portfolios and strong R&D capabilities that lend a dominant position. The drivers of competition are innovation in materials and technology, regulations, and cost effectiveness. New entrants and niche firms, moreover, who focus on specialized or advanced products, characterize the market dynamics.
Top Player’s Company Profiles
- B. Braun SE
- Baxter
- Medline Industries
- Coloplast A/S
- Convatec Inc.
- Owens & Minor
- 3M
- Fresenius Medical Care AG
- Berry Global
- Hollister Incorporated
- Cardinal Health
- Macopharma
- Pall Corporation
- Terumo Corporation
- Sealed Air
- Festo
- Sartorius
- Uflex
- Thermo Fisher Scientific
- Kuraray
Recent Developments
- In February 2024, for the first time, Xheme-a leading company with innovative medical technology-has partnered with the Vitalant Research Institute to develop a new non-toxic, PVC-free blood bag technology. It is going to be a much-needed breakthrough in blood transfusion and storage due to possible health hazards associated with traditional PVC-based blood bags.
- In January 2022, Vonco Products LLC, a strong and recognized contract manufacturer emphasizing fluid bags, biohazard transport goods, infection control equipment, and clean room services, acquired Flex-Pak Packaging goods, Inc. Vonco estimates that this deliberate step would expand its markets and customer base while enhancing its capabilities and offers linked to packaging.
- In June 2022, Gufic Biosciences recently launched a new drug delivery system-dual-chamber bag. The bag is made of polypropylene with no DEHP and aluminum foil that can be peeled off. This new feature would allow even unstable medicines to be stored and then reconstituted right before infusion to the patient.
Medical Specialty Bags Key Market Trends
- In-Home Medical Care is on the Rise: This trend in home healthcare poses several challenges for the medical specialty bags market. Older populations and increased chronic diseases necessitate growing demands for more care at home rather than through institutional environments. The demand for specialized bags to be used at home, such as for wound care and ostomy management and infusion treatment, is, therefore, supported by this trend. Other trends gaining popularity include disposable options and friendly designs. This trend is just in line with broader health care objectives that revolve around patient comfort and methods of care that are more affordable, for which reason the home health care market is booming.
- Design and Material-Related Technological Innovation: The medical specialty bags market is being transformed by advances in technology. The improvements in design and quality of materials contribute to better patient outcomes and product functioning. The increasing usage of modern specific bags with high-performance polymers, along with antibacterial coatings, defines comfort, security, and strength. Advancements in design focus on user-friendliness, patient comfort, and proper management of a given medical condition. For instance, leakage and application ease issues are addressed by superior sealing technologies and ergonomic features. In so doing, these technologies thus empower better solutions that address the changing needs of patients and health practitioners and drive market growth and places producers in a competitive position.
Medical Specialty Bags Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, factors such as the aging population and rising preference for home healthcare are anticipated to drive the medical specialty bags market into high growth. The sector is responding with innovative ideas and better product designs, despite factors such as the cost of manufacturing and strict regulations hindering the sector. Established players across the globe and emerging experts constitute the competitive landscape to add more life to the market. Future growth prospects and dynamic healthcare requirements are already embedded within the market, given the propensity for growth in broader trends within healthcare-most notably patient-centered care and technological advancement.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.8 billion |
| Market size value in 2031 | USD 14.56 billion |
| Growth Rate | 4.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Specialty Bags Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Specialty Bags Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Specialty Bags Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Specialty Bags Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Specialty Bags Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Specialty Bags Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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