Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Medical specialty bags are specially designed bag for use in various medical areas such as in the collection and storage of blood samples, urine collection, enteral feeding and sterile packaging. These bags are most probably used in hospitals for the maintenance of sterilized condition of blood sample which helps in control of disease spreading and in leakage of medicines or blood samples.

Statistics:

The global medical specialty bags market is estimated to account for US$ 12,085.5 Mn in terms of value by the end of 2027.

Global Medical Specialty Bags Market: Drivers

High prevalence of high blood pressure is expected to propel growth of the global medical specialty bags market over the forecast period. For instance, according to a cross-sectional, population-based study, ‘Diabetes and Hypertension in India: A Nationally Representative Study of 1.3 Million Adults’, published in JAMA Internal Medicine in March 2018, the crude prevalence of hypertension in India was 25.3% between 2012 and 2014.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.     

Statistics:

North America held dominant position in the global medical specialty bags market in 2019, accounting for 38.3% share in terms of value, followed by Europe and Asia Pacific, respectively.

Figure 1: Global Medical Specialty Bags Market Share (%) Value, By Region, 2019

Medical Specialty Bags  | Coherent Market Insights

Global Medical Specialty Bags Market: Restraints

Issues with bedside scans of certain large-volume parenteral infusion bags for product identification purposes is expected to hinder growth of the global medical specialty bags market.

Moreover, sale of counterfeit medical specialty bags is also expected to limit the market growth.

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Medical Specialty Bags Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 8,683.7 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.2% 2027 Value Projection: US$ 12,085.5 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type: Ostomy Collection Bags, Intravenous (IV) Fluid bags, Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags, Resuscitation Bags, Urinary Collection Bags, Sterile Packaging Bags, Anesthesia Breathing Bags, Cadaver (Body) Bags, Blood Bags, Enema Bags, Enteral Feeding Bags, Bile Collection Bags, Ice Bags.
Companies covered:

Braun Melsungen AG, Baxter International, Inc., Coloplast A/S, ConvaTec, Inc., Hollister Incorporated, Medline Industries Inc., Nolato AB, BD, Macopharma SA, Terumo Corporation, Smiths Medical, Fresenius SE & Co. KGaA, HLL Lifecare Limited, Ostique, Grifols, and AdaptHealth LLC.

Growth Drivers:
  • Increasing prevalence of chronic disorders
  • Approval and launch of new products
Restraints & Challenges:
  • Product recall

Global Medical Specialty Bags Market: Opportunities 

Increasing focus on plastic-free products is expected to offer lucrative growth opportunities for players in the global medical specialty bags market. For instance, in October 2019, HLL Lifecare Limited launched a “Plastic free HLL” campaign in connection with the ‘Swachhata hi Seva’ (Cleanliness is Service) campaign launched by the Government of India

Moreover, increasing funding for R&D of new products is also expected to aid in growth of the global medical specialty bags market. For instance, in January 2019, Ostique, a startup company focused on developing products that are more convenient from the traditional ostomy bags, received around US$ 340,000 from Innovate UK, the U.K.’s innovation agency.

Statistics:

The global medical specialty bags market was valued at US$ 8,683.7 Mn in 2019 and is forecast to reach a value of US$ 12,085.5 Mn by 2027 at a CAGR of 4.2% between 2020 and 2027.

Figure 2: Global Medical Specialty Bags Market Value (US$ Mn), 2016 – 2027

Medical Specialty Bags  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the global medical specialty bags market have assessed the impact of Covid-19 on supply chain. For instance, in March 2020, Hollister Incorporated announced that the company does not anticipate any impact to its ability to supply ostomy or intermittent catheter products due to the spread of COVID-19

Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in January 2019,       Macopharma partnered with South Texas Blood & Tissue Center and Calimex to implement a paperless process from electronic donor registration through blood donation.

Regulations

Global Medical Specialty Bags Market: Competitive Landscape

Major players operating in the global medical specialty bags market include, Braun Melsungen AG, Baxter International, Inc., Coloplast A/S, ConvaTec, Inc., Hollister Incorporated, Medline Industries Inc., Nolato AB, BD, Macopharma SA, Terumo Corporation, Smiths Medical, Fresenius SE & Co. KGaA, HLL Lifecare Limited, Ostique, Grifols, and AdaptHealth LLC.

Global Medical Specialty Bags Market: Key Developments

Major players in the market are focused on acquiring contracts to enhance their market share. For instance, in January 2020, Coloplast A/S was awarded a three-year group purchasing agreement for ostomy products with Premier Inc. in the US.

Medical specialty bags are specially designed bag for use in various medical areas such as in the collection and storage of blood samples, urine collection, enteral feeding and sterile packaging. High prevalence of chronic kidney disease, increasing product approvals/launches, along increasing technological advancements in product designing is expected to assist the growth of the market during the forecasted period. Moreover, major players in the market are focused on adopting partnership strategies to enhance their market share during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Global Medical Specialty Bags market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Medical Specialty Bags market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Braun Melsungen AG, Baxter International, Inc., Coloplast A/S, ConvaTec, Inc., Hollister Incorporated, Medline Industries Inc., Nolato AB, BD, Macopharma SA, Terumo Corporation, Smiths Medical, Fresenius SE & Co. KGaA, HLL Lifecare Limited, Ostique, Grifols, and AdaptHealth LLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Medical Specialty Bags market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Medical Specialty Bags market

Detailed Segmentation:

  • Global Medical Specialty Bags Market, By Product:
    • Ostomy Collection Bags
    • Intravenous (IV) Fluid bags
    • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
    • Resuscitation Bags
    • Urinary Collection Bags
    • Sterile Packaging Bags
    • Anesthesia Breathing Bags
    • Cadaver (Body) Bags
    • Blood Bags
    • Enema Bags
    • Enteral Feeding Bags
    • Bile Collection Bags
    • Ice Bags
  • Global Medical Specialty Bags Market, By Region:
    • North America
      • By Product:
        • Ostomy Collection Bags
        • Intravenous (IV) Fluid bags
        • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
        • Resuscitation Bags
        • Urinary Collection Bags
        • Sterile Packaging Bags
        • Anesthesia Breathing Bags
        • Cadaver (Body) Bags
        • Blood Bags
        • Enema Bags
        • Enteral Feeding Bags
        • Bile Collection Bags
        • Ice Bags
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product:
        • Ostomy Collection Bags
        • Intravenous (IV) Fluid bags
        • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
        • Resuscitation Bags
        • Urinary Collection Bags
        • Sterile Packaging Bags
        • Anesthesia Breathing Bags
        • Cadaver (Body) Bags
        • Blood Bags
        • Enema Bags
        • Enteral Feeding Bags
        • Bile Collection Bags
        • Ice Bags
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product:
        • Ostomy Collection Bags
        • Intravenous (IV) Fluid bags
        • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
        • Resuscitation Bags
        • Urinary Collection Bags
        • Sterile Packaging Bags
        • Anesthesia Breathing Bags
        • Cadaver (Body) Bags
        • Blood Bags
        • Enema Bags
        • Enteral Feeding Bags
        • Bile Collection Bags
        • Ice Bags
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product:
        • Ostomy Collection Bags
        • Intravenous (IV) Fluid bags
        • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
        • Resuscitation Bags
        • Urinary Collection Bags
        • Sterile Packaging Bags
        • Anesthesia Breathing Bags
        • Cadaver (Body) Bags
        • Blood Bags
        • Enema Bags
        • Enteral Feeding Bags
        • Bile Collection Bags
        • Ice Bags
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product:
        • Ostomy Collection Bags
        • Intravenous (IV) Fluid bags
        • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
        • Resuscitation Bags
        • Urinary Collection Bags
        • Sterile Packaging Bags
        • Anesthesia Breathing Bags
        • Cadaver (Body) Bags
        • Blood Bags
        • Enema Bags
        • Enteral Feeding Bags
        • Bile Collection Bags
        • Ice Bags
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product:
        • Ostomy Collection Bags
        • Intravenous (IV) Fluid bags
        • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
        • Resuscitation Bags
        • Urinary Collection Bags
        • Sterile Packaging Bags
        • Anesthesia Breathing Bags
        • Cadaver (Body) Bags
        • Blood Bags
        • Enema Bags
        • Enteral Feeding Bags
        • Bile Collection Bags
        • Ice Bags
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Braun Melsungen AG *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Baxter International, Inc.
    • Coloplast A/S
    • ConvaTec, Inc.
    • Hollister Incorporated
    • Medline Industries Inc.
    • Nolato AB
    • BD
    • Macopharma SA
    • Terumo Corporation
    • Smiths Medical
    • Fresenius SE & Co. KGaA
    • HLL Lifecare Limited
    • Ostique
    • Grifols
    • AdaptHealth LLC.
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
    • COVID19 Impact on the market
  4. Global Medical Specialty Bags Market, By Product, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Ostomy Collection Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Intravenous (IV) Fluid bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Continuous Ambulatory Peritoneal Dialysis (CAPD) Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Resuscitation Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Urinary Collection Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Sterile Packaging Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Anesthesia Breathing Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cadaver (Body) Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Blood Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Enema Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Enteral Feeding Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Bile Collection Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ice Bags
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Medical Specialty Bags Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  6. Competitive Landscape
    • Company Profiles
      • Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Baxter International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Coloplast A/S
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ConvaTec, Inc
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hollister Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medline Industries Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Nolato A
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • BD
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Macopharma SA
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Terumo Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smiths Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Fresenius SE & Co. KGaA
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • HLL Lifecare Limited
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ostique
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Grifols
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • AdaptHealth LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 26 market data tables and 16 figures on “Medical Specialty Bags Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Medical Specialty Bags market size was valued at US$ 8,683.7 million in 2019 and is estimated to exhibit a CAGR of 4.2% between 2020 and 2027.
Ostomy Collection Bags segment held the major market share in 2019 owing to increasing product approvals is expected to propel growth of the market.
Major factor driving the growth of Global Medical Specialty Bags market during the forecast period increasing prevalence of chronic diseases, increasing product approvals , and adoption of expansion strategies from major companies.
Major factors hampering the growth of the Global Medical Specialty Bags market during the forecast period constitutes of product recalls.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Braun Melsungen AG, Baxter International, Inc., Coloplast A/S, ConvaTec, Inc., Hollister Incorporated, Medline Industries Inc., Nolato AB, BD, Macopharma SA, Terumo Corporation, Smiths Medical, Fresenius SE & Co. KGaA, HLL Lifecare Limited, Ostique, Grifols, and AdaptHealth LLC.
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