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Specimen Retrieval Bag Market Rising number of acquisitions and collaborations by the market players are expected to boost growth of the market

  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 2018. Moreover, according to the same source, U.S., Canada, and Russia accounted for the 20.1%, 23.6 % and 18.7% per 100,000 po...

Specimen Retrieval Bag Market Top-Players And Qualitative Future Analysis Forecast Until 2028

  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 bagmarket 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.