Medical Speciality Bags Market is Set to Exhibit Robust Revenue Growth During the Forecast Period (2021-2025)
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Hospitals Lead the Charge as Hygiene Remains Indisputable
To meet the constant demand for hygiene to prevent hospital-acquired infections, the demand for medical specialty bags will remain the highest in hospitals. Ongoing surgeries and collection of biohazard waste will underpin the demand for these bags during the assessment period of 2021 to 2025. Presence of diagnostic and testing laboratories in hospitals is expected fuel the uptake of medical specialty bags as a safe collection of bio waste remains essential to works to prevent needle-stick injuries.
Kidney Diseases Lead to High Demand for Urinary Collection Bags
The upcoming report by Fairfield Market Research states that the demand for urinary collection bags will remain dominant throughout the forecast period due to the increasing geriatric population. An ageing population that remains prone to chronic kidney disease (CKD), incontinence, and degrading bladder control is expected to boost the market growth. According to the 2020 World Kidney Day Initiative, CKD is the fifth leading condition amongst the aged. The growing number of kidney dialysis centres are also expected to spike the uptake of medical specialty bags in the near future as ambulatory needs rise.
Asia Pacific to Offer Big Opportunity to Medical Speciality Bags Market
Asia Pacific is expected to show a significant growth rate in the global medical specialty bags market as the region boasts a huge population base. The growing efforts to improve the healthcare infrastructure in the developing economies of India and China has also created a mammoth demand for sophisticated medical specialty bags. The increasing number of surgical procedures that demand blood transfusion, clearing of bio waste, and collection of human waste will bode well for the market. This is expected to create a significant demand for blood bags between 2021 and 2025.
North America is also expected to show steady demand for medical specialty bags as the number of heart operations, laparoscopic surgeries, and joint replacements procedures remain on the rise creating a demand for resuscitation, blood, and collection bags.
The players leading the global medical speciality bags market are Coloplast A/S, Hollister Incorporated, Terumo Corporation, В. Вrаun Меlѕungеn АG, C.R. Bard Inc., Kawasumi Laboratories Inc, Baxter International Inc., Pall Corporation, Maco Pharma, Fresenius Medical Care AG & Co., Smiths Medical, Westfield Medical Ltd., Medline Industries Inc., Nolato AB, Becton, Dickinson and Co., Cardinal Health Inc., Kiefel Medical, and ConvaTec Group Plc.
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