PUBLISHER: The Business Research Company | PRODUCT CODE: 1829353
PUBLISHER: The Business Research Company | PRODUCT CODE: 1829353
Medical specialty bags encompass a diverse category of specialized pouches and containers utilized within the medical field, serving a multitude of critical functions. These bags find extensive applications in hospital settings, ensuring the sterile storage of blood and the provision of essential nourishment to patients during surgical procedures and other pivotal medical situations.
The medical specialty bags encompass a range of essential products, including intravenous fluid bags, ostomy bags, sterile packaging bags, continuous ambulatory peritoneal dialysis bags (CAPD), anesthesia and resuscitation bags, as well as other variants. Intravenous fluid bags, commonly referred to as IV bags, are vital components in healthcare settings. These bags consist of a thin tube connected to an intravenous line, and they are constructed from sterile materials. They serve the critical function of delivering fluids, medications, and essential nutrients directly into a patient's bloodstream, effectively preventing dehydration. Various materials, such as polyvinyl chloride (PVC) compounds, polyolefins, and more, are employed in the production of these bags. Medical specialty bags find application across a spectrum of healthcare settings, including hospitals, ambulatory surgical centers, home healthcare, and other relevant contexts.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp increase in U.S. tariffs and resulting trade tensions in spring 2025 are significantly impacting the medical equipment sector, especially for imported components used in imaging machines, surgical-grade stainless steel, and disposable plastics. With hospitals and clinics pushing back against price increases, manufacturers are facing margin pressure. The situation is further complicated by regulatory challenges, as switching suppliers due to tariffs often necessitates re-certification of medical devices, leading to delays in market entry. In response, companies are mitigating risks by dual-sourcing key components, ramping up domestic production of standardized items, and accelerating research into more cost-effective materials.
The medical specialty bags market research report is one of a series of new reports from The Business Research Company that provides medical specialty bags market statistics, including medical specialty bags industry global market size, regional shares, competitors with a medical specialty bags market share, detailed medical specialty bags market segments, market trends and opportunities and any further data you may need to thrive in the medical specialty bags industry. This medical specialty bags market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The medical specialty bags market size has grown steadily in recent years. It will grow from $8.43 billion in 2024 to $8.76 billion in 2025 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to increasing specialization of medical professions, rising prevalence of chronic diseases, growing demand for minimally invasive procedures, expanding global healthcare, rising disposable income levels.
The medical specialty bags market size is expected to see strong growth in the next few years. It will grow to $10.78 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing focus on preventive healthcare, rising demand for personalized medicine, expanding demand for home healthcare services, increasing focus on patient safety, aging population. Major trends in the forecast period include adoption of digital health technologies, smart medical bags, customized patient-centric solutions, infection control, sustainability and biodegradability.
The forecast of 5.3% growth over the next five years remains unchanged from the previous projection for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through trade barriers on multi-layer polymer films from Japan, increasing production costs for intravenous therapy (IV) solution bags and ostomy products while potentially creating supply shortages.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The increasing number of surgeries is expected to drive the growth of the medical specialty bags market in the coming years. Surgery is a medical procedure that uses various instruments and techniques to treat, diagnose, or correct conditions, diseases, or injuries within the body. Medical specialty bags play a vital role in patient care, waste containment, and equipment sterilization during surgical procedures. For example, in June 2024, the International Society of Aesthetic Plastic Surgery (ISAPS), a UK-based professional association for certified plastic surgeons, reported that the total number of surgical and non-surgical procedures reached approximately 34.9 million, marking a 3.4% increase. Specifically, surgical procedures grew by 5.5%, surpassing 15.8 million in 2023. As a result, the growing number of surgeries is driving the expansion of the medical specialty bags market.
The growing prevalence of chronic diseases is poised to drive the expansion of the medical specialty bags market in the future. Chronic diseases are characterized by long-lasting medical conditions, often persisting throughout an individual's lifetime. These medical specialty bags are instrumental in the treatment and management of chronic diseases, providing vital support in various aspects of patient care. For instance, data from the World Health Organization in September 2023 indicates that approximately 74% of the 41 million annual deaths worldwide are attributed to non-communicable diseases (NCDs) or chronic diseases. These NCDs include 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Consequently, the increasing prevalence of chronic diseases is a key driver for the growth of the medical specialty bags market.
A prominent trend in this market is the development of innovative products tailored to meet the evolving needs of customers. One such innovation is the introduction of dual chamber bags, which feature two separate compartments designed to accommodate and transport distinct components of medical treatments. An example of this innovation is the launch of polypropylene-based dual chamber bags (DEHP free) with peelable aluminum foil by Gufic Biosciences Ltd., an Indian pharmaceutical company. These dual chamber bags are specifically designed for storing and administering unstable drugs, offering a convenient and efficient solution for healthcare providers and patients alike.
In March 2023, Vonco LLC, a US-based medical device manufacturer, made a strategic move by acquiring Genesis Plastics Welding. This acquisition enhances Vonco's capabilities, enabling it to cater to clients seeking specialty medical devices, fluid bags, and other single-use medical items, thereby strengthening its position in the market. Genesis Plastics Welding, the acquired company, specializes in the creation and development of unique single-use medical devices, including fluid bags.
Major companies operating in the medical specialty bags market are Pall Corporation, Fresenius Medical Care AG & Co., Baxter International Inc., DuPont de Nemours Inc., B. Braun Medical Inc., Sealed Air Corporation, Terumo Corporation, Becton Dickinson & Company, C. R. Bard Inc., Hollister Incorporated, Coloplast Corp., Convatec Inc., Nolato AB, Custom Pack Inc., Ambu A/S, Macopharma Inc., Bausch Advanced Technology Group, Technoflex EN, JMS North America Corporation, Narang Medical Limited, Kiefel Technologies Inc., AdvaCare Pharma, Renolit SE, Westfield Medical Ltd., Sippex, BL Lifesciences, Kawasumi Laboratories America Inc., International Plastics Inc., Armand Manufacturing Inc., Uniflex Healthcare.
North America was the largest region in the medical specialty bags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medical specialty bags report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the medical specialty bags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical specialty bags market consists of sales of blood bags, nutrition bags, bioprocess bags and sterilization bags. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Specialty Bags Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical specialty bags market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical specialty bags ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The medical specialty bags market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.