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Medicinal specialty bags contain all the medical instruments, medicines, IVs, blood bags, and design according to its function such as blood collation-storage, surgery, or anesthesia breathing bags, etc. They are commonly used in medical facilities, nursing schools, hospitals, medical clinics. Major factor driving growth of the global medical specialty bag market is growing aging population in developing countries, coupled with rising awareness regarding diseases among population. Increasing demand for IV bags, coupled with increasing adoption for innovative medicinal solutions is a factor anticipated to propel growth of the global market. However, high taxes on medical instruments in developed countries such as US and Canada may affect growth of the target market.

The global medical specialty bags market has been segmented on the basis of product type, and region. On the basis of product type, the market is segmented into sterile packaging bags, ostomy collection bags, blood bags, urinary collection bags, bile collection bags, continuous ambulatory peritoneal dialysis (CAPD) bags, intravenous fluid bags, ice bags, cadaver bags, enema bags, and others. On the basis of application, the market is segmented into health care institution and hospital.

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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, the market in Europe dominates the global market in terms of revenue, followed by North America.  Rising awareness regarding medicinal bags among individuals is a key factor fueling growth of the market in this region. North America is expected to register highest CAGR in the near future, followed by Europe. Asia Pacific market is expected to witness significant growth in terms of revenue over the forecast period, owing to increasing demand for medical facilities, coupled with rising population in this region. Latin America market in anticipated to witness lucrative growth in the near future, followed by Middle East and Africa.

Key players operating in the global medical specialty bags market include Terumo Corporation, Hollister Incorporated, Coloplast A/S, B. Braun Melsungen AG, Pall Corporation, C. R. Bard, Inc., Kawasumi Laboratories Inc., Terumo Corporation, Baxter International Inc., and Westfield Medical Limited.

 

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