Published by news degree
Posted on August 4, 2021
12 min readLast updated: January 21, 2026
Rise in geriatric population leading to an increase in surgical procedures coupled with surge in accidents and prevalence of chronic diseases along with augmented awareness regarding hygiene and new technology in healthcare industry are key factors contributing to high CAGR of medical specialty bags during forecast period.
According to the analysis of Reports and Data, the global medical specialty bags market was valued at USD 6.96 Billion in 2018 and is anticipated to reach USD 10.55 billion by the year 2026, at a CAGR of 5.3%. These bags are designed especially for a collection of body wastes from the body through a surgical opening for passage of body wastes. It is used in various applications like urine collection, blood storage, sterile packaging, bile collection, enteral feeding, and many others. It has applications extensively in hospitals and healthcare centers for hygiene maintenance, along with the usage of patient-centered products. According to the world population statistics, the number of geriatric patients are increasing, due to the changing lifestyle and increased inclination towards active life; the number of accidents has gradually increased. This has eventually led to a rise in the number of surgical processes. Thus, the demand for medical specialty bags is on the rise. Additionally, the growing need for maintaining hygiene in hospitals, home care centers, surgicenters, and healthcare centers coupled with increased awareness among the population, is expected to boost the market growth of target industry. An increase in road accidents is expected to drive the demand for medical specialty bags. For example, in India, more than 150,000 people meet with an accident every year which means around 400 casualties occur every day.
As per the Annual Global Road Crash Statistics, nearly 1.25 million people die every year and another 20-50 million people are injured or disabled. Moreover, a report by the World Health Organization (WHO) stated that, by 2020 the number of old people aged 60 years and above will outnumber younger than 5 years of age. The fore stated factors are expected to propel the market growth of medical specialty bags during the forecast period. However, the negative effects associated with product and extremely competitive market scenario leading to pressure the pricing of these bags are predicted to hamper the market growth.
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Further key findings from the report suggest
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2269
For the purpose of this report, Reports and Data has segmented the Medical Specialty Bags market on the basis of type, end use, and region:
Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2269
Benefits of Medical Specialty Bags Market Report:
Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.
Explore Reports and Data’s Prime Analysis of the global Healthcare & Pharmaceutical Industry:
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Full Press Release: https://www.reportsanddata.com/press-release/global-medical-specialty-bags-market
The post Medical Specialty Bags Market To Reach USD 10.55 Billion By 2026 – Reports and Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
Rise in geriatric population leading to an increase in surgical procedures coupled with surge in accidents and prevalence of chronic diseases along with augmented awareness regarding hygiene and new technology in healthcare industry are key factors contributing to high CAGR of medical specialty bags during forecast period.
According to the analysis of Reports and Data, the global medical specialty bags market was valued at USD 6.96 Billion in 2018 and is anticipated to reach USD 10.55 billion by the year 2026, at a CAGR of 5.3%. These bags are designed especially for a collection of body wastes from the body through a surgical opening for passage of body wastes. It is used in various applications like urine collection, blood storage, sterile packaging, bile collection, enteral feeding, and many others. It has applications extensively in hospitals and healthcare centers for hygiene maintenance, along with the usage of patient-centered products. According to the world population statistics, the number of geriatric patients are increasing, due to the changing lifestyle and increased inclination towards active life; the number of accidents has gradually increased. This has eventually led to a rise in the number of surgical processes. Thus, the demand for medical specialty bags is on the rise. Additionally, the growing need for maintaining hygiene in hospitals, home care centers, surgicenters, and healthcare centers coupled with increased awareness among the population, is expected to boost the market growth of target industry. An increase in road accidents is expected to drive the demand for medical specialty bags. For example, in India, more than 150,000 people meet with an accident every year which means around 400 casualties occur every day.
As per the Annual Global Road Crash Statistics, nearly 1.25 million people die every year and another 20-50 million people are injured or disabled. Moreover, a report by the World Health Organization (WHO) stated that, by 2020 the number of old people aged 60 years and above will outnumber younger than 5 years of age. The fore stated factors are expected to propel the market growth of medical specialty bags during the forecast period. However, the negative effects associated with product and extremely competitive market scenario leading to pressure the pricing of these bags are predicted to hamper the market growth.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2269
Further key findings from the report suggest
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2269
For the purpose of this report, Reports and Data has segmented the Medical Specialty Bags market on the basis of type, end use, and region:
Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2269
Benefits of Medical Specialty Bags Market Report:
Thank you for reading our report. For customization or further inquiry, please get in touch with us. Our team will ensure the report is tailored according to your requirements.
Explore Reports and Data’s Prime Analysis of the global Healthcare & Pharmaceutical Industry:
Nasal Vaccines Market @ https://www.google.co.in/url?q=https://www.reportsanddata.com/report-detail/nasal-vaccines-market
Microscope Software Market @ https://www.google.fi/url?q=https://www.reportsanddata.com/report-detail/microscope-software-market
Healthcare Analytical Testing Services Market @ https://www.google.no/url?q=https://www.reportsanddata.com/report-detail/healthcare-analytical-testing-services-market
Microfluidics Market @ https://www.google.com.my/url?q=https://www.reportsanddata.com/report-detail/microfluidics-market
Rabies Monoclonal Antibody Market @ https://www.google.lv/url?q=https://www.reportsanddata.com/report-detail/rabies-monoclonal-antibody-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Full Press Release: https://www.reportsanddata.com/press-release/global-medical-specialty-bags-market
The post Medical Specialty Bags Market To Reach USD 10.55 Billion By 2026 – Reports and Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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