Sep 13, 2018   SOURCE: PR NewsWire

Medical Specialty Bags (2018-2026) - The Global Market is Forecast to Grow at a CAGR of 5.4%

DUBLIN, Sept. 13, 2018 /PRNewswire/ --

The "Global Medical Specialty Bags Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.

The global medical specialty bags market was valued at US$ 6,560.1 Mn in 2017, expanding at a CAGR of 5.4% from 2018 to 2026.

Growing focus on customer centric products by manufacturers and improving patient awareness are few of the driving factors for the growth this market. Inappropriate reimbursement schemes is one of the major restraining factor for the growth of this market.

Growing aging population susceptible to chronic diseases is the major market driving factor. Moreover, growing surgical procedures and hospitalization globally would boost the demand for medical specialty bags for different procedures and application.

Product innovation and development is the key trend followed in the market. For instance, manufacturers are shifting focus from polyvinyl chloride (PVC) and opting for materials that are environment friendly in nature. Some of the non-PVC materials include latex, silicone, and polyethylene as these are cost-effective and pose minimum hazards.

The rise in the uptake of online sales channel as a major distribution method, have increased the accessibility and availability of various medical specialty bags. Growing home healthcare coupled with online sales of medical specialty bags would act as the major growth driver during the forecast period.

In terms of product type, ostomy bags held the largest share in the global medical specialty bags market. Global rise in the prevalence of Crohn's diseases, bowel cancers and other gastrointestinal conditions have resulted in the growing demand for ostomy bags.

IV bags, urine collection bags, and blood bags are expected to show promising market growth during the forecast period owing to the surge in hospitalization, growing surgical procedures and rise in home healthcare facility.

North America held the dominant position in the global medical specialty bags market owing to growing incidence of chronic diseases in the region. According to American Cancer Society, Inc. estimation, there will be 97,220 cases of colon cancer and 43,030 cases of rectal cancer in the United States. Moreover, there will be estimated 1.7 million new cancer cases diagnosed in the region which boost the demand for medical specialty bags market in region.

Asia Pacific is projected to soar high during the forecast period owing to growing healthcare infrastructure, hospitalization and medical care products. The emerging countries in the APAC region, such as China and India, offer a big opportunity for the leading players in this market as these countries contain a significantly large pateint pool of under-served patients.

Being a consolidated market, product innovation & use of environment friendly materials is the major strategy undertaken by the players operating in the market.

Key Market Movements

    --  Rising prevalence of chronic diseases and growing geriatric population
        worldwide
    --  Rising patient awareness and home healthcare boosting demand for medical
        specialty products
    --  Growing surgical procedures globally to drive the market for medical
        specialty bags

Key Topics Covered

Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Medical Specialty Bags Market Portraiture
2.2. Global Medical Specialty Bags Market, by Product Type, 2017 (US$ Mn)
2.3. Global Medical Specialty Bags Market, by Geography, 2017 (US$ Mn)

Chapter 3. Medical Specialty Bags: Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Medical Specialty Bags Market, by Key Players, 2017

Chapter 4. Global Medical Specialty Bags Market, Product Type, 2016-2026 (US$ Mn)
4.1. Overview
4.2. Bile Collection Bags
4.3. Ostomy Bags
4.4. Resuscitation Bags
4.5. Blood Bags
4.6. CAPD Bags
4.7. Enema Bags
4.8. Enternal Feeding Bags
4.9. Intravenous Fluid/Infusion Bags
4.10. Urine Collection Bags

Chapter 5. Global Medical Specialty Bags Market, by Geography, 2016 - 2026 (US$ Mn)
5.1. North America Medical Specialty Bags Market Analysis, 2016 - 2026
5.1.1. North America Medical Specialty Bags Market, by Product Type, 2016 - 2026 (US$ Mn)
5.1.2. North America Medical Specialty Bags Market, by Country, 2016 - 2026 (US$ Mn)
5.1.2.1. U.S.
5.1.2.2. Canada
5.2. Europe Medical Specialty Bags Market Analysis, 2016 - 2026
5.2.1. Europe Medical Specialty Bags Market, by Product Type, 2016 - 2026 (US$ Mn)
5.2.2. Europe Medical Specialty Bags Market, by Country/Region, 2016 - 2026 (US$ Mn)
5.2.2.1. U.K.
5.2.2.2. Germany
5.2.2.3. Rest of Europe
5.3. Asia Pacific Medical Specialty Bags Market Analysis, 2016 - 2026
5.3.1. Asia Pacific Medical Specialty Bags Market, by Product Type, 2016 - 2026 (US$ Mn)
5.3.2. Asia Pacific Medical Specialty Bags Market, by Country/Region, 2016 - 2026 (US$ Mn)
5.3.2.1. China
5.3.2.2. Japan
5.3.2.3. Rest of Asia Pacific
5.4. Latin America Medical Specialty Bags Market Analysis, 2016 - 2026
5.4.1. Latin America Medical Specialty Bags Market, by Product Type, 2016 - 2026 (US$ Mn)
5.4.2. Latin America Medical Specialty Bags Market, by Country/Region, 2016 - 2026 (US$ Mn)
5.4.2.1. Brazil
5.4.2.2. Mexico
5.4.2.3. Rest of Latin America
5.5. Middle East & Africa Medical Specialty Bags Market, 2016 - 2026
5.5.1. Middle East & Africa Medical Specialty Bags Market, by Product Type, 2016 - 2026 (US$ Mn)
5.5.2. Middle East & Africa Medical Specialty Bags Market Analysis, by Region, 2016 - 2026 (US$ Mn)
5.5.2.1. GCC
5.5.2.2. Rest of Middle East & Africa

Chapter 6. Company Profiles
6.1. B. Braun Melsungen AG
6.1.1. Business Description
6.1.2. Financial Information (Subject to Data Availability)
6.1.3. Product Portfolio
6.1.4. News Coverage
6.2. Baxter International
6.3. Coloplast A/S
6.4. ConvaTec, Inc.
6.5. Hollister Incorporated
6.6. Fresenius SE & Co. KGaA
6.7. Medline Industries, Inc.
6.8. Terumo Corporation
6.9. Nolato AB
6.10. Smiths Medical
6.11. Macopharma SA

For more information about this report visit https://www.researchandmarkets.com/research/g2mk4t/medical_specialty?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content to download multimedia:http://www.prnewswire.com/news-releases/medical-specialty-bags-2018-2026---the-global-market-is-forecast-to-grow-at-a-cagr-of-5-4-300712126.html

SOURCE Research and Markets