Medical Specialty Bags Global Market Top Companies, Trends and Future Prospects Details for Business Development 2033 | Pall Corporation, Coloplast Corp., Convatec Inc., Nolato AB, Custom Pack Inc.

The medical specialty bags market size has grown steadily in recent years. It will grow from $8.04 billion in 2023 to $8.43 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing specialization of medical professions, rising prevalence of chronic diseases, growing demand for minimally invasive procedures, expanding global healthcare, rising disposable income levels.

The medical specialty bags market size is expected to see strong growth in the next few years. It will grow to $10.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing focus on preventive healthcare, rising demand for personalized medicine, expanding demand for home healthcare services, increasing focus on patient safety, aging population. Major trends in the forecast period include adoption of digital health technologies, smart medical bags, customized patient-centric solutions, infection control, sustainability and biodegradability.

Market Overview -
Medical specialty bags refer to a category of specialized bags or pouches that are used in the medical field for various purposes. These bags are generally used in hospitals to keep blood stored in sterile conditions and to provide patients with nourishment during operations and other crucial situations.

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Rising Number Of Surgeries Drives Growth In The Medical Specialty Bags Market
The growing number of surgeries is expected to propel the growth of the medical specialty bags market going forward. Surgery is a medical procedure that involves using instruments and techniques to treat, diagnose, or correct various conditions, diseases, or injuries within the body. Medical specialty bags are essential for numerous elements of patient care, waste containment and equipment sterilization during surgical operations. For instance, in April 2022, according to the British Heart Foundation, a UK-based independent funder of research into heart and circulatory diseases, stated that transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI) surgery increased to 6,328 in 2021/22 from 5,676 in 2019/20. Therefore, the growing demand numbers of surgeries is driving the growth of the medical specialty bags market.

Competitive Landscape -
Major players in the medical specialty bags market are Pall Corporation, Fresenius Medical Care AG & Co., Baxter International Inc. , DuPont de Nemours Inc., B. Braun Medical Inc., Sealed Air Corporation, Terumo Corporation, Becton Dickinson & Company, C. R. Bard Inc., Hollister Incorporated, Coloplast Corp., Convatec Inc., Nolato AB, Custom Pack Inc., Ambu A/S, Macopharma Inc., Bausch Advanced Technology Group, Technoflex EN, JMS North America Corporation, Narang Medical Limited, Kiefel Technologies Inc., AdvaCare Pharma, Renolit SE, Westfield Medical Ltd., Sippex, BL Lifesciences, Kawasumi Laboratories America Inc., International Plastics Inc., Armand Manufacturing Inc., Uniflex Healthcare.

Leading Manufacturers Introduce Innovative Dual Chamber Products Into The Market, Gaining A Competitive Edge
Major companies operating in the medical specialty bags market are developing innovative products with advanced features, such as dual chamber bags products to sustain their position in the market. Dual chamber bags are specialized medical bags with two distinct compartments or chambers intended to contain and transport two distinct components of medical treatment. For instance, in June 2022, Gufic Biosciences Ltd., an India-based pharmaceutical company, launched indigenously produced dual chamber bags made of polypropylene (DEHP free) with a peelable aluminum foil. These bags are designed to store unstable drugs that require reconstitution just before administration to the patient. The launch of these bags offers a new drug delivery system option for healthcare providers and patients, providing a convenient and efficient solution for storing and administering unstable drugs.

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Key Segments -
The medical specialty bags market covered in this report is segmented -
1) By Product: Intravenous Fluid Bags; Ostomy Bags; Sterile Packaging Bags; Continuous Ambulatory Peritoneal Dialysis Bags (CAPD); Anesthesia And Resuscitation Bags; Other Products
2) By Material: Polyvinyl Chloride (PVC) Compounds; Polyolefins; Other Materials
3) By End-User: Hospitals; Ambulatory Surgical Centers; Home Healthcare; Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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