Specimen Retrieval Bag Market, by Bag Size (5mm, 10mm, 15mm, and 25mm), by Product Type (Detachable and Non-detachable), by Application (Gynecology, Urology, Gastrointestinal Surgery, and Others), by End User (Hospital, Ambulatory Surgical Centers, and Nu

Specimen Retrieval Bag Market, by Bag Size (5mm, 10mm, 15mm, and 25mm), 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), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Specimen retrieval bags are used in the laparoscopic (abdomen and pelvic) surgical procedures. These bags are designed to reduce contamination of the abdominal cavity during surgeries. These tear-resistant high-quality bags are mainly made of nylon and is coated by polyurethane. The specimen retrieval bag has an open end, closed end, and longitudinal axis for the collection of biological materials. It is a single use surgical instrument.
Market Dynamics
Increasing prevalence of gastrointestinal and uterine cancer, gynecological disorders, gall bladder stones, and hernia are expected to propel global demand for specimen retrieval bag over the forecast period. For instance, according to the American Institute of Cancer Research, endometrial cancer is the sixth most commonly occurring cancer in women and estimated 380,000 new cases were reported in 2021. Moreover, according to the same source, U.S., Canada, and Russia accounted for the 20.1%, 23.6 % and 18.7% per 100,000 population of endometrial cancer respectively in 2021.
Moreover, rising product approvals by the regulatory bodies is expected to propel the market growth over the forecast period. For instance, in November 2016, Covidien, a part of Medtronic received the 510(K) from the U.S. Food and Drug Administration (FDA) approval for ReliaCatch specimen retrieval bag of 10mm and 12 mm made from ripstop nylon and to be used in specimen retrieval.
However, factors such as product recalls is expected to hinder growth of specimen retrieval bag market over the forecast period. For instance, in November 2021, Espiner Medical Ltd. received the product recall letter from the U.S Food and Drug Administration (FDA) for Espiner Tissue retrieval bags. These bags were recalled, as the label was incorrect. Label states that volume of the bag is 1,200ml, whereas the actual volume of bag was 1,000ml. Furthermore, in May 2019, the U.S FDA recalled the product of ConMed Corporation, Anchor Tissue Retrieval System. The product was recalled due to presence of voids in the seal or partial seal results.
Key features of the study:
This report provides in-depth analysis of the specimen retrieval bag market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global specimen retrieval bag market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as part of this study include Johnson & Johnson, Teleflex Incorporated, Cooper Surgical, Inc., GENICON, Medtronic, B. Braun Melsungen AG, Applied Medical Resources Corporation, LaproSurge, and Purple Surgical
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, technology upgradation, market expansion, and marketing tactics
The global specimen retrieval bag market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the specimen retrieval bag market
Detailed Segmentation:
Global Specimen Retrieval Bag Market, By Bag Size:
5 mm
10 mm
15 mm
25 mm
Global Specimen Retrieval Bag Market, By Product Type:
Detachable
Non-detachable
Global Specimen Retrieval Bag Market, By Application:
Gynecology
Urology
Gastrointestinal Surgery
Others
Global Specimen Retrieval Bag Market, By End User:
Hospital
Ambulatory Surgical Centers
Nursing Homes
Global Specimen Retrieval Bag Market, By Region:
North America
By Bag Size:
5 mm
10 mm
15 mm
25 mm
By Product Type:
Detachable
Non-detachable
By Application:
Gynecology
Urology
Gastrointestinal Surgery
Others
By End User:
Hospital
Ambulatory Surgical Centers
Nursing Homes
By Country:
U.S.
Canada
Latin America
By Bag Size:
5 mm
10 mm
15 mm
25 mm
By Product Type:
Detachable
Non-detachable
By Application:
Gynecology
Urology
Gastrointestinal Surgery
Others
By End User:
Hospital
Ambulatory Surgical Centers
Nursing Homes
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Bag Size:
5 mm
10 mm
15 mm
25 mm
By Product Type:
Detachable
Non-detachable
By Application:
Gynecology
Urology
Gastrointestinal Surgery
Others
By End User:
Hospital
Ambulatory Surgical Centers
Nursing Homes
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Bag Size:
5 mm
10 mm
15 mm
25 mm
By Product Type:
Detachable
Non-detachable
By Application:
Gynecology
Urology
Gastrointestinal Surgery
Others
By End User:
Hospital
Ambulatory Surgical Centers
Nursing Homes
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Bag Size:
5 mm
10 mm
15 mm
25 mm
By Product Type:
Detachable
Non-detachable
By Application:
Gynecology
Urology
Gastrointestinal Surgery
Others
By End User:
Hospital
Ambulatory Surgical Centers
Nursing Homes
By Country:
GCC
Israel
Rest of Middle East
Africa
By Bag Size:
5 mm
10 mm
15 mm
25 mm
By Product Type:
Detachable
Non-detachable
By Application:
Gynecology
Urology
Gastrointestinal Surgery
Others
By End User:
Hospital
Ambulatory Surgical Centers
Nursing Homes
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Johnson & Johnson*
Company Overview
Product Portfolio
Financial Performance
Key Highlights
Market Strategies
Teleflex Incorporated
Cooper Surgical, Inc.
GENICON
Medtronic
B. Braun Melsungen AG
Applied Medical Resources Corporation
LaproSurge
Purple Surgical
“*” marked represents similar segmentation in other categories in the respective section.