Medical Specialty Bags Market to Surpass Valuation of USD 14.56 Billion by 2031 | SkyQuest Technology

Westford, USA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global medical specialty bags market size will reach a value of USD 14.56 Billion by 2031, with a CAGR of 4.50% during the forecast period (2024-2031). The ageing of the population and the rise in acute illnesses like bladder cancer and other bladder-related conditions are the primary causes of this growth. According to the American Cancer Society, this is especially true when considering the bladder cancer incidences which occur in nearly 90.0% of the incidence cases in adults aged 55 years or older, making the elderly the predominant group of victims. The market for medical specialty bags is growing with the increasing awareness on prevention and control of infections.