Specimen Retrieval Bag Market
                     Specimen Retrieval Bag Market- Size, Share, Outlook, and Opportunity 
Analysis, 2020- 2027
 Specimen retrieval bag are widely used in laparoscopic surgeries for removing
adnexal cysts and masses from patients’ body. These systems are developed to
reduce contamination of abdominal cavity by isolating specimen by performing
minimally invasive surgical procedures.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).
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Specimen retrieval bag are widely used in laparoscopic surgeries for removing
adnexal cysts and masses from patients’ body. These systems are developed to
reduce contamination of abdominal cavity by isolating specimen by performing
minimally invasive surgical procedures.
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).
Specimen retrieval bag market is expected to witness significant growth, owing to
increasing adoption of agreement, and collaborations strategies by the market
players.  For instance,  in March 2017,  LaproSurge received 4-year framework
agreement from NHS supply chain. Under the agreement LaproSurge’s minimally
invasive surgery products such as scissors, instruments, retrieval bags, trocars,
and 3mm instruments  for  laparoscopic  surgery  will  be supplied  through NHS
supply chain.
Rising number of hernia cases, is expected to increase the surgery and thereby
bolstering the specimen retrieval bag market growth over the forecast period. For
instance,  according  to  the  article  published  in  The  National  Center  for
Biotechnology Information, February 2018, nearly 20 million of global population
undergo groin hernia repair every year.  
Moreover,  high  healthcare  expenditure  in  the  treatment  of  gastrointestinal
diseases is expected is expected to propel the market growth over the forecast
period.  For  instance,  according  to  the  article  published  in  Gastroenterology
Journal, 2018, the total expenses for treatment of abdominal hernia accounted
around US$ 6,762 Mn in the U.S. in 2015. According to the same source 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.
Key players are focused on offering broad range of products, which is expected
to boost growth of the specimen retrieval bag market over the forecast period.
For instance, LaproSurge offers both detachable and non-detachable specimen
retrieval bags for wide range of laparoscopic procedures having size of 5 mm to
15 mm port.
North America is expected to hold a dominant position in the global specimen
retrieval bag market in 2018, owing to rising number of colon, pancreatic, and
other cancer in the region. For instance, according to the article published in
Gastroenterology Journal, 2018, around 139,773 new cases of colon and 46,477
of pancreatic cancer was estimated in the U.S. in 2014.
Moreover, Asia Pacific is expected to witness significant growth in the specimen
retrieval bag market during the forecast period. The market in the Asia Pacific is
expected to gain momentum during the forecast period, owing to rising focus of
key  players  in  such  emerging  economies.  For  instance,  in  June  2017,
LaproSurge participated in Africa Health exhibition held in South Africa in order to
expand its distribution channel and enhance its presence in Africa.
Key Players
Major  players  operating  in  the  global  specimen  retrieval  bag  market  include
Johnson  & Johnson,  Teleflex  Incorporated,  Cooper  Surgical,  Inc.,  GENICON.
Inc.,  Medtronic,  B.  Braun  Melsungen  AG,  Applied  Medical  Resources
Corporation, LaproSurge, and Purple Surgical
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