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| Specimen Retrieval Bag Market |
Specimen retrieval bags are sterile containment bags used for collecting surgical specimens during minimally invasive surgical procedures like laparoscopy. These bags allow for safe removal of tissue, organs or foreign objects from the body through small incisions without direct contact. The bags eliminate the risk of spilling bodily fluids or specimens inside the patient's body during extraction. Demand for specimen retrieval bags has increased in tandem with the rising popularity of minimally invasive surgeries due to advantages like reduced surgical trauma, faster recovery times and better cosmetic outcomes for patients.
The Global Specimen Retrieval Bag Market is estimated to be valued at US$ 355.24 Mn in 2024 and is expected
to exhibit a CAGR of 5.9% over the
forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Specimen Retrieval Bag market are MANN+HUMMEL,
Mahle GmbH, Denso Corporation, Robert Bosch GmbH, Donaldson Company, Inc.,
Clarcor Inc. (Acquired by Parker Hannifin Corp), Sogefi SpA, Hengst SE, ACDelco
(Subsidiary of General Motors), Cummins Inc., Fram Group, K&N Engineering,
Inc., Freudenberg Group, WIX Filters (MANN+HUMMEL), UFI Filters. These players
are focusing on new product launches and expansion in emerging markets to gain
a competitive edge.
The increasing adoption of laparoscopic and robotic surgeries across various
medical specialties presents significant growth opportunities for players in
the specimen retrieval bag market. Asian countries with growing medical tourism
industries like India and China also provide lucrative opportunities for global
market expansion.
Rising demand for single-use bags due to concerns about infection transmission
is expected to drive the global market. Players are investing in emerging Asian
and Latin American markets experiencing fast-paced economic and infrastructure
development.
Market drivers:
1) Growing
preference for minimally invasive surgeries: The increasing preference for
minimally invasive surgeries such as laparoscopy and robotic surgeries is a
major growth driver for the specimen retrieval bag market. Minimally invasive
surgeries offer benefits like smaller incisions, lesser pain and scarring,
shorter hospital stay, and faster recovery which has resulted in their rising
popularity.
2)
Increasing Healthcare Expenditure: Rising healthcare expenditure in developing
countries is also fueling the adoption of advanced medical technologies and
tools in these regions. This increased access to healthcare and rising per
capita income are expected to drive the demand for specimen retrieval bags.
Market restraints:
1) Reusable
bags: Reusable stainless steel or polymer bags can be used multiple times after
sterilization and offer cost savings over single-use bags. This may restrain
the single-use bag market to some extent.
2) Lack of
standardization: The lack of standardization in laparoscopic surgical
procedures and availability of varied procedural protocols across hospitals and
regions can affect the quantity and type of specimen retrieval bags required.
This affects market demand unpredictably.
Segment Analysis
The global Specimen
Retrieval Bags Market Demand is
dominated by the 5-10 ml sub segment. These bags are portable and allow for
easy transportation of specimens without leakages. Their small size makes them
ideal for retrieving smaller specimens like biopsy tissues. They are preferred
by healthcare professionals for procedures like laparoscopic surgeries where
only a small amount of tissue needs to be extracted for testing. The 2-5 ml sub
segment is expected to witness higher growth during the forecast period due to
rise in minimally invasive surgeries.
Global Analysis
The North America region currently holds the largest share in the global
Specimen Retrieval Bag market owing to high healthcare spending and presence of
major players. Asia Pacific is projected to experience the fastest growth
during the forecast period. This can be attributed to increasing patient pool,
growing medical tourism, and rising healthcare expenditure in emerging
economies like China and India. The growing prominence of minimally invasive
surgeries in the region is also driving the demand for specimen retrieval bags.
Europe holds a significant share due to well-established medical infrastructure
and stringent regulations regarding specimen containment and safety.
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