Specimen retrieval systems are an important part of the surgical procedure, but they can be cumbersome and prone to contamination. Several commercial devices are available on the market. In recent years, laparoscopic surgery has become a popular technique for surgeons. These devices provide many advantages, including small incisions, rapid recovery, reduced postoperative wound pain, and minimal blood loss. Nevertheless, the most challenging aspect of the process is specimen retrieval. To overcome this problem, the specialized equipment used in surgical procedures has been improved.
The global specimen retrieval bag market was valued at US$ 244.7 million in 2018, and is expected to exhibit a CAGR of 4.8% over the forecast period (2019-2027).
Global Specimen Retrieval Bag Market: Driversย ย
Increasing expenditure on gastrointestinal diseases is expected to propel growth of the global specimen retrieval bag market over the forecast period. For instance, according to a study published in Gastroenterology Journal 2019, the annual healthcare expenditure for gastrointestinal disorders was around US$ 135.9 billion in 2015.
Moreover, high prevalence of gallstone is expected to propel growth of the global specimen retrieval bag market over the forecast period. For instance, around 20 million people in the U.S. suffered from gallstone and around 300,000 cholecystectomies surgeries are performed annually, according to a study published in National Center for Biotechnology Information in March 2019.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ @ https://www.coherentmarketinsights.com/insight/request-pdf/3022
Global Specimen Retrieval Bag Market: Opportunities
Availability of products at low price is expected to offer lucrative growth opportunities for players in the global specimen retrieval bag market over the forecast period. For instance, in April 2018, GENICON, Inc., was awarded purchasing agreement with Premier, Inc., a company with tie-ups with nearly 3,900 U.S. hospitals and around 150,000 other supplier organizations, for the supply of its endomechanical products at low price.
Recent Developments
Major players operating in the global specimen retrieval bag market are focused on investing to enhance production capabilities. For instance, in November 2017, Johnson & Johnson Medical Devices invested around US$ 180 million for the new Ethicon factory at Suzhou Industrial Park, China, for production of devices used in minimally invasive and open surgeries procedures.
Market Trends
North America is expected to witness significant growth in the global specimen retrieval bag market, owing to high expenditure in treatment of gastrointestinal diseases. For instance, according to a study published in Gastroenterology Journal, 2018, the total expenses for the treatment for colon cancer accounted for US$ 4,059 Mn and cancer of other gastrointestinal organs accounted for US$ 6,106 Mn in the U.S. in 2015.
๐๐จ ๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐จ๐ฏ๐ข๐๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ @ https://www.coherentmarketinsights.com/insight/request-sample/3022
Europe is also expected to witness significant growth in the global specimen retrieval bag market, owing to increasing adoption of laparoscopic cholecystectomies For instance, in 2014, around 66,660 cholecystectomies are performed in the U.K, annually, which costs US$ 137.286 million, according to the National Institute for Health and Care Excellence. Among all these surgeries, 61,220 are laparoscopic cholecystectomies.
Global Specimen Retrieval Bag Market: Competitive Landscape ย
Major players operating in the global specimen retrieval bag market include, Applied Medical Resources Corporation, B. Braun Melsungen AG, Cooper Surgical, Inc., GENICON Inc., Johnson & Johnson, LaproSurge, Medtronic, plc, Purple Surgical, and Teleflex Incorporated.
Global Specimen Retrieval Bag Market: Key Developmentsย ย
Major players operating in the global specimen retrieval bag market are focused on approval and launch of new products to expand their product portfolio. For instance, in April 2018, Purple Surgical launched its laparoscopic and surgical single-use instruments portfolio at General Surgery Congress, an international meeting for surgeons across Peru and other Latin American countries.
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๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/promo/buynow/3022
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Bag Size
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Regulatory Scenario
- Reimbursement Scenario
- PEST Analysis
- PORTERโs Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Global Specimen Retrieval Bag Market, By Bag Size, 2016 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- 5 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- 10 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- 15 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- 25 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
- Global Specimen Retrieval Bag Market, By Product Type, 2016 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Detachable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Non-detachable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
- Global Specimen Retrieval Bag Market, By Application, 2016 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Gynecology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Urology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Gastrointestinal Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
- Global Specimen Retrieval Bag Market, By End User, 2016 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Hospital
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Nursing Homes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/specimen-retrieval-bag-market-2670
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