Medical Specialty Bags Market Analysis By Product And Segment Forecasts To 2020: Radiant Insights

Increasing old-age population (65 years and above) base and prevalence of urinary is expected to serve this market as a high impact rendering driver during the forecast period. In addition, government initiatives aimed at increasing healthcare expenditure, setting affordable prices and designing better reimbursement policies is expected to drive market growth over the next six years. High unmet medical needs coupled with the introduction of low cost medical specialty bags and growing patient awareness and disposable income levels in emerging markets such as India, China and Brazil is expected to fuel future growth of this market. High excise tax on healthcare device such as in Canada, U.S., etc is expected to serve as key challenge for medical specialty bags market.

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Ostomy collection bags dominated the overall market in 2013, with revenue estimated at USD 2.94 billion, expected to grow at a CAGR of 4.5% from 2014 to 2020. Bile collection bags, on the other hand, are expected to grow at the fastest CAGR of 6.5% from 2014 to 2020, majorly owing to the growing demand for minimally invasive rising number of laparoscopic cholecystectomy procedures.

Further key findings from the study suggest:

Intravenous (IV) fluid bags market revenue is expected to reach USD 2,469.9 million by 2020, growing at a CAGR of 5.2% from 2014 to 2020.

North America accounted for the largest share of the market in 2013, on account of the presence of sophisticated healthcare infrastructure, reimbursement framework and high patient awareness levels. These attributes are responsible for high usage rates and procedure volumes in the region.

Asia Pacific medical specialty bags marketis expected to grow at the highest CAGR of over 6.0% from 2014 to 2020. High unmet medical needs coupled with constantly improving healthcare infrastructure, patient awareness levels and healthcare expenditures are some of the factors expected to account for its rapid growth.

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Table of Contents

Chapter 1.   Executive Summary

                 1.1. Medical Specialty Bags- Industry Summary and Critical Success Factors (CSFs)

Chapter 2.   Medical Specialty Bags Industry Outlook

                 2.1. Market Segmentation

                 2.2. Market Size and Growth Prospects

                 2.3. Medical Specialty Bags Market Dynamics

                     2.3.1. Market Driver Analysis

                     2.3.2. Market Restraint Analysis

                 2.4. Key Opportunities Prioritized

                 2.5. Industry Analysis - Porter's

                 2.6. Medical Specialty Bags - Company Market Share Analysis

                 2.7. Medical Specialty Bags Market PESTEL Analysis, 2013

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