Medical specialty medical bags are superior quality papers that are intended for specific purposes. They possess specific features and properties along with proficiency in technologies and design. With constant technological advancements, the role of medical specialty is now expanding to improve quality of patient life. Rising prevalence of chronic diseases resulting in a higher demand for of medical surgeries and medical specialty bags. For instance, Non-communicable diseases are likely to comprise more than 75% of India’s disease burden by 2025, compared to 45% in 2010. Similarly, the country recorded he number of diabetes patients increasing from 38 million in 2010 to 46 million in 2015.
Medical Specialty Market Outlook
- Increasing prevalence of inflammatory bowel diseases such as Crohn’s disease or ulcerative colitis, intestinal cancer, fecal incontinence, and diverticular disease supports the growth of the market These diseases appears to be becoming more common in the U.S. and other parts of the world, according to NIDDK. The Centers for Disease Control and Prevention (CDC) report that doctors diagnose 3.1–14.6 new cases of Crohn’s per 100,000 person-years
- Innovative headways in Medical Specialty products should support is also the prominent factor for the growth of the market. The manufacturers have embraced advanced technology, and integration of such innovation has empowered ease of usage of Medical Specialty products that will drive industry development.
- The increasing geriatric population would result in a much higher need for healthcare and thus medical specialty bags, both at health facilities and homes.
- According to UN Population Division, population of individuals aged 60 years and above is expected to increase from 962 million in 2017 to 2.1 billion by 2050 globally. The increasing geriatric population is considered as one of the major factors driving the growth of the Medical Specialty industry, as the incidence of bladder cancer and colorectal cancer is high among geriatric individuals.
Medical Specialty Market Segmental Highlights
The report analyses the global Medical Specialty market based on product, and geography.
- Based on the products, the medical specialty bags available in the market include anesthesia breathing bags, urinary collection bags, blood bags, bile collection bags, sterile packaging bags, cadaver bags, ostomy bags, intravenous fluid bags, enteral feeding bags and continuous ambulatory peritoneal dialysis bags. Currently, ostomy bags dominate the market, demonstrating the most popular product type. The increasing cases of chronic diseases such as cancer, Crohn’s disease and inflammatory bowel syndrome have resulted in growing the adoption of colostomy procedures, thereby fostering the global ostomy bags market. Besides, the increasing geriatric population with urinary, colorectal and bladder tract problems prefers colostomy bags to eliminate the leakage, which will further drive the segmental growth
- The medical specialty bags market is studied for the key regions including North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific region is poised to expand at a very high rate. The progress of the said region can be linked to the rising prevalence of chronic disorders in various emerging countries, like India, China, , Philippines, and South Korea. The growing investments in the medical devices sector and the existence of various favorable policies of reimbursements, in many of the developed nations, like Australia and Japan, are further stimulating the progress of the market for ostomy drainage bags, in the APAC region.
Medical Specialty Market Key Players
Key competitors of this market include B. Braun Melsungen AG, Baxter International Inc., Coloplast Group, ConvaTec Group Plc, Hollister Inc., Terumo Corporation, Medline Industries Inc., Nolato AB, C.R. Bard, Macopharma SA, Medline Industries, Inc and Kawasumi Laboratories Inc. among others.
The report analyses the global Medical Specialty market based on product, and geography.
Based on the product, the Medical Specialty market is categorized into anesthesia breathing bags, urinary collection bags, blood bags, bile collection bags, sterile packaging bags, cadaver bags, ostomy bags, intravenous fluid bags, enteral feeding bags and continuous ambulatory peritoneal dialysis bags. The medical specialty market is studied for the key regions including North America, Europe, Asia Pacific and Rest of the World.
Key competitors of this market include B. Braun Melsungen AG, Baxter International Inc., Coloplast Group, ConvaTec Group Plc, Hollister Inc., Terumo Corporation, Medline Industries Inc., Nolato AB, C.R. Bard, Macopharma SA, Medline Industries, Inc and Kawasumi Laboratories Inc. among others.
Why to buy this report:
- The report offers changing market dynamics in the Medical Specialty market, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Medical Specialty market
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Medical Specialty market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Medical Specialty market
