Global Specimen Retrieval Bag Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Bag Size;

5 mm, 10 mm, 15 mm, and 25 mm.

By Product Type;

Detachable and Non-Detachable.

By Application;

Gynecology, Urology, Gastrointestinal Surgery, and Others.

By End User;

Hospital, Ambulatory Surgical Centers, and Nursing Homes.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn476781014 Published Date: December, 2024 Updated Date: January, 2025

Introduction

Global Specimen Retrieval Bag Market (USD Million), 2020 - 2030

In the year 2023, the Global Specimen Retrieval Bag Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global specimen retrieval bag market is a dynamic sector within the broader medical device industry, driven by the increasing demand for minimally invasive surgical procedures worldwide. Specimen retrieval bags are utilized in laparoscopic and robotic surgeries to safely remove tissue specimens or organs from the body without the need for large incisions, reducing patient trauma and recovery time. These bags come in various sizes and designs to accommodate different surgical requirements, offering surgeons flexibility and efficiency in specimen retrieval.

One of the key factors fueling the growth of the global specimen retrieval bag market is the rising prevalence of chronic diseases such as cancer and obesity, which necessitate surgical interventions for diagnosis and treatment. Additionally, advancements in healthcare infrastructure and surgical techniques, particularly in emerging economies, are expanding the accessibility of minimally invasive procedures, thereby driving the adoption of specimen retrieval bags. Moreover, the growing geriatric population, coupled with increasing awareness about the benefits of minimally invasive surgeries among patients and healthcare providers, is further propelling market growth.

The market is not without challenges. Stringent regulatory requirements for medical devices, along with the high cost associated with advanced specimen retrieval bags, could hinder market expansion, especially in developing regions. Furthermore, the presence of alternative techniques for specimen retrieval, such as manual extraction and endoscopic procedures, poses a competitive threat to the market. Nevertheless, ongoing research and development efforts aimed at enhancing the design and functionality of specimen retrieval bags, along with strategic collaborations between medical device companies and healthcare institutions, are expected to sustain the momentum of market growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Bag Size
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Specimen Retrieval Bag Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Minimally Invasive Surgery
        2. Increasing Prevalence of Chronic Diseases
        3. Technological Advancements
        4. Aging Population
      2. Restraints
        1. Stringent Regulatory Requirements
        2. High Cost of Advanced Specimen Retrieval Bags
        3. Competition from Alternative Techniques
        4. Limited Healthcare Budgets in Some Regions
      3. Opportunities
        1. Emerging Markets in Developing Countries
        2. Technological Innovations and Product Enhancements
        3. Increasing Adoption of Minimally Invasive Surgical Procedures
        4. Strategic Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Specimen Retrieval Bag Market, By Bag Size, 2020 - 2030 (USD Million)
      1. 5 mm
      2. 10 mm
      3. 15 mm
      4. 25 mm
    2. Global Specimen Retrieval Bag Market, By Product Type, 2020 - 2030 (USD Million)
      1. Detachable
      2. Non-detachable
    3. Global Specimen Retrieval Bag Market, By Application, 2020 - 2030 (USD Million)
      1. Gynecology
      2. Urology
      3. Gastrointestinal Surgery
      4. Others
    4. Global Specimen Retrieval Bag Market, By End User, 2020 - 2030 (USD Million)
      1. Hospital
      2. Ambulatory Surgical Centers
      3. Nursing Homes
    5. Global Specimen Retrieval Bag Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Johnson & Johnson
      2. Teleflex Incorporated
      3. Cooper Surgical, Inc.
      4. GENICON
      5. Medtronic
      6. B. Braun Melsungen AG
      7. Applied Medical Resources Corporation
      8. LaproSurge
      9. Purple Surgical
  7. Analyst Views
  8. Future Outlook of the Market