About Medical Specimen Bags
Medical specimen bags provide excellent means for transferring specimens in hospitals and medical environments. This medical specimen bag is an essential product in many laboratories, hospitals, and research facilities. This bag is used in a number of applications such as food, water, dairy, veterinary, pharmaceutical, microbiology, environment and more.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Specimen Bags market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Action Health (United States), GE Healthcare (United States), Medtronic (United States), Universal Medical, Inc. (United States), Rainbow Polybag Company, Inc. (United States), Cardinal Health (United States) and Thermo Fisher Scientific (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medical Specimen Bags market by Type (Disposable and Reusable), Application (Hospitals, Clinics, Laboratory, Home Care and Other) and Region.
On the basis of geography, the market of Medical Specimen Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Medical Specimen Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Number of Diagnostic Laboratories and Increased Research and Development Activities
Market Growth Drivers:
Specimen Bags Provides Healthy Environment free from Microbes, Increased Number of COVID-19 Cases Worldwide and High Need for Safe Transfer of Samples containing Viruses
Challenges:
Stringent Government Rules and Regulations
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Healthcare Industry Worldwide and Increasing Number of COVID-19 Tests Performed Worldwide leads to Demand for Medical Specimen Bags for Safe Transport of Specimens
Market Leaders and their expansionary development strategies
In March 2022, The PMI SUPER BAG family of rip-stop nylon specimen retrieval bags announced successful pre-market performance evaluations and market acceptance. The PMI SUPERBAG was used in over 1000 surgeries, with an overall 97.8% acceptance rate.
In March 2020, Thermo Fisher Scientific Inc., the world leader in serving science, and QIAGEN N.V., a leading global provider of molecular diagnostics and sample preparation technologies, has announced that their boards of directors, as well as the managing board of QIAGEN N.V., have unanimously approved Thermo Fisher's proposal to acquire QIAGEN.
Key Target Audience
Medical Specimen Bags Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.