The medical specialty bags market is expected to
reach USD 10.31 billion by 2020, according to a new study by Grand View Research,
Inc. Increasing old-age population (65 years and above) base and prevalence of
urinary is expected to serve this market as a high impact rendering driver
during the forecast period. In addition, government initiatives aimed at
increasing healthcare expenditure, setting affordable prices and designing
better reimbursement policies is expected to drive market growth over the next
six years. High unmet medical needs coupled with the introduction of low cost
medical specialty bags and growing patient awareness and disposable income
levels in emerging markets such as India, China and Brazil is expected to fuel
future growth of this market. High excise tax on healthcare device such as in
Canada, U.S., etc is expected to serve as key challenge for medical specialty
bags market.
Ostomy collection bags dominated the overall
market in 2013, with revenue estimated at USD 2.94 billion, expected to grow at
a CAGR of 4.5% from 2014 to 2020. Bile collection bags, on the other hand, are
expected to grow at the fastest CAGR of 6.5% from 2014 to 2020, majorly owing
to the growing demand for minimally invasive rising number of laparoscopic
cholecystectomy procedures.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/medical-specialty-bags-market
Further
key findings from the study suggest:
- Intravenous (IV) fluid bags market revenue is expected to reach USD 2,469.9 million by 2020, growing at a CAGR of 5.2% from 2014 to 2020.
- North America accounted for the largest share of the market in 2013, on account of the presence of sophisticated healthcare infrastructure, reimbursement framework and high patient awareness levels. These attributes are responsible for high usage rates and procedure volumes in the region.
- Asia Pacific medical specialty bags marketis expected to grow at the highest CAGR of over 6.0% from 2014 to 2020. High unmet medical needs coupled with constantly improving healthcare infrastructure, patient awareness levels and healthcare expenditures are some of the factors expected to account for its rapid growth.
- Key participants of this market include Hollister Incorporated, Fresenius Medical Care AG & Co, Terumo Corporation, Baxter International Inc. B Braun Medical, Coloplast A/S and Convatec Inc.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/medical-devices
For the purpose of this study, Grand View Research
has segmented the medical specialty bags market on the basis of product and
region:
Medical
Specialty Bags Product Outlook
•
Anesthesia breathing bags
•
Urinary collection bags
•
Bile collection bags
•
Sterile packaging bags
•
Blood bags
•
Ostomy collection bags
• Single use bags
• Multiple use bags
•
Enteral feeding bags
• Cadaver bags
•
Resuscitation bags
• Disposable bags
• Reusable bags
•
Continuous ambulatory peritoneal dialysis (CAPD) bags
•
Intravenous fluid bags
• PVC material based fluid bags
• Non- PVC material based fluid bags
•
Enema bags
•
Ice bags
Medical
Specialty Bags Regional Outlook
•
North America
•
Europe
•
Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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