Over the forecast period, it is anticipated that rising gynaecological problems would fuel the expansion of the worldwide specimen retrieval bag market. According to information made public by the Canadian government, Canadian women 65 and older will have a higher likelihood of receiving a gynaecological disease diagnosis in December 2021. Demand for gynaecological procedures is anticipated to increase as these conditions become more prevalent.
The market for Specimen Retrieval Bag is expected to reach a value of US$ 296.5 million in 2023 and grow at a CAGR of 4.00% from 2023 to 2030.
Leading Companies in the Specimen Retrieval Bag Industry:
Johnson & Johnson Services, Inc.: Built in 1886. Head office in India. There are seven brands of Johnson and Johnson that fall into the dermatological, pain management, and antiemetic therapeutic categories. The brands include Stugil pills, Otogesic ear drops, and Ethnorub ointment. Abiomed (Nov 2022), Momenta (Aug 2020), and Verb Surgical (Dec 2019) are the most recent acquisitions.
Teleflex Incorporated: Built in 1943. Head office in the United States. Manufacturer of hospital supplies and medical equipment with a focus on the bloodstream/vascular and surgical markets, Teleflex is situated in Wayne, Pennsylvania. Vascular access (24% of 2022 sales), interventional (16%), anaesthesia (14%), surgical (14%), interventional urology (12%), original-equipment manufacturing (10%), and all other (10%) are the seven segments that the company discloses data for. The U.S. contributes for 60% of revenue for the company's geographic exposure, with the remaining 40% coming from international markets.
Cooper Surgical, Inc.: creator of a medical equipment for emergency obstetrics that will make childbirth safer. The company's product is a balloon device intended to elevate a deeply impaled foetal head and ease the delivery of the foetus in women who need a caesarean section after an unsuccessful attempt at an instrumental delivery, aiding medical professionals in making the delivery safer, simpler, and less traumatic for the mother and baby. In 2021, Cooper Companies (NYSE: COO) declared that it had completed the previously announced definitive purchase agreement to acquire Generate Life Sciences for approximately $1.6 billion.
Genicon: Established in 2006. Located in England, in the United Kingdom. Creator of a medical equipment for emergency obstetrics that will make childbirth safer. The company's product is a balloon device intended to elevate a deeply impaled foetal head and ease the delivery of the foetus in women who need a caesarean section after an unsuccessful attempt at an instrumental delivery, aiding medical professionals in making the delivery safer, simpler, and less traumatic for the mother and baby. In 2021, Cooper Companies (NYSE: COO) declared that it had completed the previously announced definitive purchase agreement to acquire Generate Life Sciences for approximately $1.6 billion.
Medtronic: Built in 1949. United States headquarters. Developer of medical technologies for treating chronic conditions. People with persistent pain have lifelong remedies thanks to the company's medical technologies. The PROPELTM and SINUVA sinus implant product lines, technology, intellectual property, and Menlo Park, California, facility of Intersect ENT have been acquired by Medtronic.
B. Braun SE: Built in 1839. United States headquarters. Manufacturer of disposable medical equipment for providing individuals with secure and safe healthcare. The company's devices provide infusion therapy and pain management in addition to eradicating avoidable treatment errors, improving patient, clinician, and environmental safety. This allows clinicians to address the crucial issues of improving care, which lowers the cost of medical treatment. Intermedt Medizin & Technik GmbH, an expert in the creation of dialysis concentrates, is purchased by B. Braun.
Applied Medical Resources Corporation: Built in 1987. United States headquarters. Manufacturer of surgical tools for general, colorectal, bariatric, vascular, gynaecological, urological, and paediatric procedures. With the help of cutting-edge technologies, the company's devices, which include trocars for laparoscopic procedures, products for single-incision and hand-assisted laparoscopic procedures, and wound protectors/retractors for open surgical procedures, enable doctors to better serve their patients' needs. Applied Medical Purchases in Lake Forest Once More.
*Definition: Specimen retrieval bag is surgical instrument that is used for the removal of biological material from a patient.
