Medical Specialty Bags Market to Reach $3.0 Billion Mark by 2012, According to New Report by Global Industry Analysts, Inc.

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Medical specialty bags market continues to be driven by the aging population, advancements in technology and advent of several advanced products. The market is projected to reach $3.0 billion by 2012, displaying a moderate growth over the analysis period.

Medical Specialty Bags: A Global Strategic Business Report

Bags and pouches are expected to remain the chosen containers for standard supplies and devices, as they are highly cost-effective Graying baby boomers are more susceptible to diseases and require increased medical care. This in turn is accelerating the growth of specialty bags. Besides the future of adult incontinence product holds significant growth potential, due to increased awareness and sufferers feeling less embarrassed to buy these products. Pouches are expected to hold the largest share of medical supply and device container demand, following their improving barrier, static control, sterilization, and visibility traits. Of late, disposable bags are increasingly gaining importance owing to several advantages they offer.

As stated by the recent report published by Global Industry Analysts Inc, world medical specialty bags market is dominated by three regions - Europe, United States, and Japan. These regions collectively account for more than 83% of the global market estimated in 2008. Strong growth is projected to stem from Asia-Pacific, largely due to the emerging economies, rising affluence, growing per capita spends on healthcare, enhanced market penetration, changing lifestyles and product innovations.

European market for Medical Specialty bags is expected to reach US$1.25 billion by 2015. Germany and France remain the leading markets for medical specialty bags in the region. In the United States, Urinary Collection Bags market is estimated to capture 26.8% of the total market in 2008. Reimbursement is the most important factor sustaining the ostomy market, followed by product discoveries, innovations, and technology developments. Worldwide ostomy collection bags market, is poised to retain dominance with sales projected to cross US$1 billion by 2015.

Leading global and regional players operating in the industry include Baxter International Inc, B Braun Medical Inc, Convatec, Coloplast, CR Bard Inc, Fresenius Medical Care AG & Co KgaA, Hogy Medical, Hollister Inc, Kawasumi Laboratories Inc, Maco Pharma, Pall Corporation, Terumo Corporation, Unomedical Group and Westfield Medical Ltd, among others.

The report titled "Medical Specialty Bags: A Global Strategic Business Report" covers major market dynamics and trends pertaining to market. The report enumerates recent developments, product launches, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the study include Bile Collection Bags, Blood Bags, Breathing Bags, Cadaver Bags, Enema Bags, Enteral Feeding Bags, Ice Bags, Intravenous Fluid Containers, Ostomy Collection Bags, Sterilization Packaging Bags, Urinary Collection Bags, and Other Medical Specialty Bags. Analysis is presented for established and emerging markets including United States, Canada, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, Middle East and Latin America.

For more details of this research report please visit http://www.strategyr.com/Medical_Specialty_Bags_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site http://www.strategyr.com/

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