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How has the Medical Specialty Bags market grown over the years?

The market size for medical specialty bags has seen consistent growth over the recent years. The projected growth is from $8.43 billion in 2024 to $8.84 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.9%. The increase during the historic period is a result of the rising specialization in the medical field, increased occurrence of chronic illnesses, growing preference for minimally invasive procedures, expansion of the global healthcare sector, and an increase in disposable income levels.

What Is the forecasted market size and growth rate for the medical specialty bags market?

The market size of medical specialty bags is predicted to witness substantial growth over the upcoming years. It’s projected to rise to $10.88 billion in 2029, experiencing a compound annual growth rate (CAGR) of 5.3%. Factors contributing to the growth during the projected period include an escalating focus on preventative health, expanding demand for customized medical care, an increased need for home health services, a heightened emphasis on patient safety, and an aging population. Key trends expected in the forecast period encompass the incorporation of digital health technology, intelligent medical bags, tailored medical solutions focused on the patient, infection management, sustainability, and biodegradability.

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What are the major factors driving growth in the medical specialty bags market?

The increasing need for surgeries is projected to fuel the expansion of the medical specialty bags market. Surgeries are medical processes that employ various tools and methods to cure, identify, or address numerous ailments, diseases, or bodily injuries. Medical specialty bags are indispensable for multiple components of patient care, disposing of waste, and sterilizing equipment during surgical procedures. For instance, in June 2024, the International Society of Aesthetic Plastic Surgery (ISAPS), a UK-based professional association for certified plastic surgeons, revealed that the combined number of surgical and non-surgical procedures touched around 34.9 million, indicating a rise of 3.4%. Specifically, surgical operations saw a surge of 5.5% surpassing 15.8 million in 2023. Hence, the escalating demand for surgeries is bolstering the growth of the medical specialty bags market.

Medical Specialty Bags Market Driver: Upswing in Chronic Diseases Spurs Growth of Medical Specialty Bags Market

What key areas define the segmentation of the global medical specialty bags Market?

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

Subsegments:

1) By Intravenous Fluid Bags: PVC IV Bags, Non-PVC IV Bags, Combination IV Bags

2) By Ostomy Bags: Colostomy Bags, Ileostomy Bags, Urostomy Bags

3) By Sterile Packaging Bags: Pouch Bags, Roll Bags, Custom Sterile Packaging Bags

4) By Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags: Standard CAPD Bags, CAPD Bags With Integrated Filters, Specialty CAPD Bags

5) By Anesthesia And Resuscitation Bags: Manual Resuscitators (Ambu Bags), Anesthesia Breathing Circuits, Disposable Anesthesia Bags

6) By Other Products: Drainage Bags, Blood Bags, Collection Bags

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What are the top market players propelling the growth of the medical specialty bags industry?

Major companies operating 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.

What are the key trends shaping the future of the medical specialty bags market?

Top companies in the medical specialty bags market are focusing on inventing unique products with improved capabilities, such as dual chamber bag products, to maintain their market position. Dual chamber bags symbolize a unique type of medical bag, divided into two separate compartments or chambers to hold and carry two different parts of a medical treatment solution. An illustration of this is that Gufic Biosciences Ltd., a pharmaceutical company located in India, in June 2022, initiated domestically created dual chamber bags made out of polypropylene that is DEHP free and covered with a peelable aluminum foil. These bags cater to the need for storing drugs that are unstable and need to be reconstituted just prior to administration to the patient. By introducing these bags, a novel drug delivery system has been made available for health care providers and patients alike, presenting an effective and convenient method for storage and administration of unstable drugs.

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What regions are dominating the medical specialty bags market growth?

North America was the largest region in the medical specialty bags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medical specialty bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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