Growing geriatric
population and patient awareness are two vital factors that propel the
global MedicalSpecialty Bags Market. Urinary incontinence & dissoluteness are
commonly occurring problems among the elderly; especially those above 60 years
of age. Thus, the growing need for effective solutions to tackle this
age-related problem could positively impact the overall industry from 2012 to
2020 (forecast period). Surging expenditure on healthcare also supports the
industry.
Medical specialty
bags are products that help curb & manage problems that stem from
conditions, such as bile leakage and bowel incontinence. The performance of the
global market depends significantly on new product innovation and technological
advancements. The need for specialty bags arises during surgical procedures,
such as laparoscopic surgeries and urinary surgical procedures. Moreover, high
incidence of cancer, cardiovascular disorders, and cancer fuel industry demand.
The worldwide
medical specialty bags market is categorized as per products, applications, and
geographies. Based on products, the categories are cadaver bags, ice bags,
intravenous fluid bags, ostomy collection bags, CAPD (continuous ambulatory
peritoneal dialysis) bags, enema bags, resuscitation bags, blood bags, enteral
feeding bags, sterile packaging bags, bile collection bags, urinary collection
bags, and anesthesia breathing bags. Ostomy collection bags are ideal for patients
suffering from urinary dissoluteness. This product segment is expected to
witness high demand over the forecast period.
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The global market
is characterized by continuous improvements in medical standards &
facilities. Such a trend could have a positive impact on product demand in the
forthcoming years. Furthermore, heightened awareness among the masses not just
about health but also hygiene may fuel the medical specialty bags industry in
the years to come. As per applications, the segments are SurgiCenters,
hospitals & medical centers, and home healthcare. Due to widespread
awareness and surging demand, SurgiCenters may augment industry growth.
Geographically, the
global market is divided into Asia Pacific, North America, Europe, and Rest of
the World (RoW). Owing to high disposable incomes and rising per capita
spending on healthcare, North America dominates the overall market. Other
regional drivers are advanced healthcare infrastructure and implementation of
several government initiatives. The active participation of NGOs has also
played a vital role in supporting the North America market. The region
contributed to more than 42% of overall revenues in 2013. However, current
industry trends suggest that Asia Pacific may lead the global industry till
2020. Factors that drive this region are economic development, favorable
government initiatives, and growing geriatric population.
Key companies in
the global medical specialty bags market are Pall Corporation, Westfield
Medical Ltd., B Braun Medical, Coloplast A/S, and Terumo Corporation. PVC
(polyvinyl chloride) is the most commonly used material in the bag & tubing
industry. However, there are a number of OEMs (original equipment
manufacturers) that seek alternative materials to replace PVC. Ethylene vinyl
acetate (EVA) polymers generally do not need plasticizers. Ateva® G EVA
polymers manufactured by Celanese Corporation is a widely accepted product in
parenteral nutrition bag applications. This product is ideal for OEMs that aim
at offering nutrition bags that are 100% non PVC-based. Celanese Corporation is
a Fortune 500 specialty materials company based in Texas, U.S.
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