Market Trends of Specimen Retrieval Bags Industry
This section covers the major market trends shaping the Specimen Retrieval Bags Market according to our research experts:
Urological Surgeries Segment is Expected to Hold a Significant Market Share Over The Forecast Period
Urological surgery deals with the treatment of conditions involving the male and female urinary tracts and the male reproductive organs. Retrieval bags are useful in specimen retrieval after urological surgery.
According to the American Cancer Society (ACS) 2022 report, the estimated number of new urinary system cancer cases in the current year in the United States is 164,190, out of which 81,180 are cancer cases of the urinary bladder. The high burden of uterine cancer is projected to increase surgical procedures, ultimately boosting segment growth. Hence, these factors are projected to drive the overall market during the forecast period.
Additionally, as per the CDC, urinary tract infections (UTIs) are the fifth most common type of healthcare-associated infection. As per the NCBI 2022 update, nephrolithiasis affects roughly 12% of people worldwide and is becoming more common nowadays. The incidence is estimated at 600,000 in the United States between the ages of 20 and 49. Kidney stones affect men more frequently than women. The high burden of kidney stones is projected to boost urological surgery growth.
Furthermore, the high burden of kidney transplants is projected to boost segment growth. For instance, according to IRODaT, the number of kidney transplants from a deceased donor was 5,649 in the United States, 5,613 in Spain, and 4,205 in France in 2021. As a result, the aforementioned factors are expected to boost the growth of the urological surgery segment during the forecast period.
North America is Expected to Hold a Significant Share in The Specimen Retrieval Bags Market Over The Forecast Period
North America is expected to hold a significant market share owing to factors such as the rising incidence of chronic diseases, the increasing use of minimally invasive surgeries for various healthcare conditions, better healthcare infrastructure, awareness among people and healthcare industry stakeholders about available technologies, and the strong presence of industry players in the region.
As per Cedars-Sinai's 2022 update, coronary artery bypass graft surgery (CABG), also known as coronary artery bypass or bypass surgery, is the most common heart surgery, and more than 300,000 people have successful bypass surgery in the United States each year. Also, as per the CDC, coronary heart disease is the most common type of heart disease. In the United States, approximately 20.1 million adults aged 20 and older will have the disease in 2021. Every 40 seconds, someone suffers from a heart attack, and nearly 805,000 people in the United States have a heart attack every year. Thus, the high burden of cardiovascular diseases is expected to create demand for heart surgeries, further demanding the availability of retrieval bags in healthcare settings. Hence, the burden of cardiovascular diseases and heart surgeries is predicted to fuel the market's growth during the forecast period in the region.
Additionally, according to the ACS 2022 report, the estimated number of new cancer cases in the United States in 2022 is 1,918,030, out of which 343,040 are digestive system cancer cases and 290,560 are breast cancer cases. The high burden of these cancers is projected to increase surgical procedures, which are ultimately projected to boost the utility of specimen retrieval bags, which is ultimately projected to augment market growth in the region.
