Medical Specialty Bags Market is anticipated to exhibit a healthy CAGR during the forecast period, according to a report available on Million Insights. Medical specialty bags are uniquely designed bags that are used for various medical purposes such as blood storage, bile collection, urine collection, enteral feeding, and sterile packaging. Almost all healthcare facilities use these collectors on regular basis to protect patients and medical staff from infection. Every day, healthcare facilities such as hospitals and clinics generate tons of medical waste such as used syringes and blood socked cotton. Exposure to such medical waste can infect week patients and doctor present in healthcare facilities. Thereby, it is essential for medical facilities to use specialty bags.
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Market Synopsis of Medical Specialty Bags Market:
Rising demand for surgical procedures owing to growing prevalence of chronic diseases is expected to impel medical specialty bags industry growth. Medical procedures such as blood transfusion and dialysis require huge amount of specifically designed bags. In addition, growing adoption of ostomy procedures to treat diverticulitis, inflammatory bowel disease (IBD), and colorectal cancer is driving demand market growth. Rising demand for environment-friendly to reduce amount of disposal during surgical procedures is anticipated to propel medical specialty bags market growth. Manufacturers are offering biodegradable and flushable pouch liners to ensure safety caregiver and patients. Moreover, supportive initiatives being taken by government and private organizations to promote use of eco-friendly medical disposables will drive the medical specialty bags industry over the forecast period.
To cater to rising demand for special bags, manufacturers are investing in R&D to develop innovative products. For instance, in May 2018, Punjab Pollution Control Board (PPCB) in India launched compostable bags for storage and disposal of biomedical waste in hospitals. The organization distributed these eco-friendly waste collectors to multiple hospitals in the state for trial. According to feedback received from the hospitals, bags are found to be strong and durable.
Product Insights:
Based on product, the medical specialty bags market is categorized into resuscitation bags, anesthesia, bile collection, sterile packaging, blood, intravenous, cadaver, enteral feeding, ostomy collection, enema, and continuous ambulatory peritoneal dialysis (CAPD). Ostomy collection segment is anticipated to dominate and account for largest market share over the forecast period. This is attributed to rising cases of IBD and colorectal cancer. In addition, growing geriatric population and rising health awareness is driving segment’s growth.
Disposable intravenous pouches are also getting popular among healthcare facilities owing to benefits such as effectiveness and biodegradability. Growing focus on use of eco-friendly materials will drive segment’s growth.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Medical Specialty Bags: Market Variables, Trends & Scope
Chapter 4 Medical Specialty Bags: Product Estimates & Trend Analysis
Chapter 5 Medical Specialty Bags: Application Estimates & Trend Analysis
Chapter 6 Medical Specialty Bags: End-use Estimates & Trend Analysis
Chapter 7 Medical Specialty Bags: Industrial End-use Estimates & Trend Analysis
Chapter 8 Medical Specialty Bags: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Medical Specialty Bags: Manufacturers Company Profiles
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