Medical bags are specialized bags designed for the safe and convenient transport of medical equipment, supplies, and documents. These bags play a crucial role in the healthcare industry, facilitating the organization, storage, and transportation of medical items. There are various types of medical bags, each serving specific purposes within the medical field.
The medical bags market is poised for remarkable growth, with a projected growth rate exceeding 8% throughout the forecast period, expected to culminate in a market valuation of approximately US$ 8 billion by the year 2031. These specialized bags are meticulously designed to ensure the safety and well-being of patients and are employed in various medical applications, including urine collection, blood storage, bile collection, enteral feeding, sterile packaging, and more.
Manufactured with advanced materials such as plastic, polymers, latex, and others, these bags are engineered to maintain exceptional quality and minimize the risk of contamination. A significant driving force behind the global growth of the medical bags market is the increasing prevalence of chronic diseases, encompassing conditions like cancer, diabetes, cardiovascular diseases, kidney and liver infections, which underscore the critical need for these specialized medical bags in the healthcare industry.
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Driving Demand
Chronic diseases have now become the leading cause of mortality among adults worldwide, and this grim statistic is anticipated to worsen further, with an expected 20% increase in the next decade. Alarmingly, nearly one in three adults across the globe grapple with multiple chronic conditions simultaneously.
The prevalence of lifestyle-related chronic illnesses like cardiovascular diseases, gastrointestinal issues, and musculoskeletal disorders has been surging on a global scale.
As per the projections of the World Health Organization, the prevalence of chronic diseases is poised to escalate by a significant 57% by the year 2020. Emerging markets are expected to bear the brunt of this increase, as the most substantial population growth is anticipated to occur in developing nations. This trend underscores the pressing need for healthcare and preventive measures to address the growing burden of chronic ailments.
COVID-19 Impact on Medical Bags Market
The globe finds itself ensnared in a confluence of escalating chronic illnesses, enduring infectious diseases, and systemic shortcomings in public health, culminating in heightened mortality during the COVID-19 pandemic, as outlined in a comprehensive global examination of human health.
The presence of medical conditions like type 1 diabetes, cardiac and circulatory congenital anomalies, and obesity has exacerbated the impact of COVID-19, stemming from the infection caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) — particularly noticeable in patients below the age of 18.
Key Market Players
- B. Braun Melsungen AG
- Baxter International Inc.
- Coloplast AS
- ConvaTec Group Plc
- Hollister Inc.
- Becton
- Dickinson and Co.
- Cardinal Health Inc.
- Fresenius Medical Care AG & Co. KGaA
- Terumo Corporation
- Kawasumi Laboratories Inc, among others.
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Key Segments
By Product:
- Urinary Collection Bags
- Continuous ambulatory peritoneal dialysis (CAPD) bags
- Anesthesia breathing bags
- Blood bags
- Ostomy collection bags
- Enteral feeding bags
- Bile collection bags
- Sterile packaging bags
- Resuscitation bags
- Intravenous (IV) fluid bags
- Cadaver bags
- Enema bags
- Ice bags
By End User:
- Hospitals
- Surgical Centers
- Healthcare Centers
- Home Healthcare
- Others
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East and Africa
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