Global Medical Specialty Bags Industry is Expected to Reach USD 8.3 Billion in 2018: Transparency Market Research
Albany, New York (PRWEB) January 23, 2013
The growth of the market is ensured by factors namely global aging population, less complicated FDA regulations for class I medical devices, increasing global healthcare related consumer spending and growing instances of awareness programs and government initiatives to elevate customer awareness levels. The growing demographics in the emerging economies of the Asian region (mainly India and China) coupled with the rising disposable incomes of consumers belonging to such economies will serve as future growth opportunities for the medical specialty bags market.
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The ostomy collection bags market held majority of the market share in 2011, followed by IV fluid bags. The bile collection bags market is the fastest growing segment owing to increasing customer adoption of laparoscopic cholecystectomy over open cholecystectomy (around 0.3% to 0.6% of laparoscopic cholecystectomy procedures result in a bile duct injury causing bile leakages).
The North American region held majority of the market share in 2011 owing to the developed nature of its economies such as the U.S., presence of high disposable incomes and increased awareness levels amongst consumers. The North American medical specialty market is expected to reach an estimated value of USD 3.0 billion in 2018. The Asian medical specialty bags market is the fastest growing market owing to its rising demographics coupled with increasing disposable incomes of consumers especially in the emerging economies such as India and China.
Some of the key players in the market are Coloplast, Baxter International Inc, ConvaTec, Hollister, Fresenius Medical Care and others.
This research is specially designed to estimate and analyze the demand and performance of medical specialty bags in global scenario, in terms of revenue generated in USD million and volumes sold in thousands. This research provides in-depth analysis of medical specialty bag manufacturers, segment sales, trend analysis by segments and demand by geography.
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The report covers all the major product segments of the global medical specialty bags market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered as stated below:
Medical Specialty Bags Market by Types
Anesthesia Breathing Bags
Bile Collection Bags
Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
Enteral Feeding Bags
Intravenous Fluid (IV) bags
PVC Material based IV-Fluid Bags
Non-PVC Material based IV-Fluid Bags
Reusable resuscitation bags
Disposable resuscitation bags
Ostomy Collection Bags
Single Use (Disposable) Ostomy Collection Bags
Multiple Use (Drainable) Ostomy Collection Bags
Sterile Packaging Bags
Urinary Collection Bags