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Market Size - $7.54 Bn 2013, Market Growth - CAGR of 4.6%, Market Trends Environmental concerns, regulatory support and product innovation driving demand for non- PVC bags new report by Grand View Research. View full report - http://www.grandviewresearch.com/industry-analysis/medical-specialty-bags-market.
San Francisco, California (PRWEB) June 25, 2014
The medical specialty bags market is expected to reach USD 10.31 billion by 2020, according to a new study by Grand View Research, Inc. 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.
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.
The report Medical Specialty Bags Market Analysis By Product (Anesthesia, Sterile Packaging, Resuscitation Bags, Bile Collection, Intravenous, Blood, Enteral Feeding, Cadaver, Enema, Ostomy Collection, CAPD) And Segment Forecasts To 2020, is available now to Grand View Research
customers at http://www.grandviewresearch.com/industry-analysis/medical-specialty-bags-market
Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/medical-specialty-bags-market/request.
Further key findings from the study suggest:
Browse all reports of this category at http://www.grandviewresearch.com/industry/medical-devices.
For the purpose of this study, Grand View Research has segmented the medical specialty bags market on the basis of product and region:
Browse all ongoing reports at http://www.grandviewresearch.com/ongoing-reports
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The global Distribution Control Systems (DCS) market is expected to reach USD 20.39 billion by 2020, according to a new study by Grand View Research, Inc. Increased DCS use in industrial applications such as power generation, water and waste water, pharmaceuticals, oil and gas, chemicals, and paper and pulp is expected to drive the market over the forecast period. Growing demand for power has resulted in the set up of new power generation stations and upgradation of existing ones by various governments, which is expected to favorably impact DCS demand.
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
Corporate Sales Specialist, USA
Grand View Research, Inc
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