Specimen Transport Bags Market- Industry Analysis and Forecast (2022-2029) by Material Type, Product Type, Application, End-user and Region

Specimen Transport Bags Market size was valued at US$ 222.88 Mn. in 2021 and the total revenue is expected to grow at 9.8% through 2022 to 2029, reaching nearly US$ 470.85 Mn.
Specimen Transport Bags Market Overview:
Specimen transport bags are specially made bags that keep the specimen protected from leaks and dust. These bags are made of polyethylene, linear low-density polyethylene, polypropylene, polyvinyl chloride, and other materials. Evidence bags, cash/coin deposit bags, strap bags, and other related applications are common. Different types of specimen transport bags are used by different path laboratories. Different labs commonly use specimen transport bags to improve the efficiency and precision of diagnoses. Chemical pathology, hematology, histopathology, and medical microbiology all use the same specimen transport bags.

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The specimen transport bags are employed in the modern world to make things go faster and easier. In accordance with transporting biological material, the two-pocket specimen transport bags use a secondary watertight receptacle. As time goes on, there is a growing demand for easy transportation of various diagnostic tests. Blood collection bags, gloves dispensers, shipping containers, smart sample GPS, tote bags, specimen labels, specimen storage, totes & drop boxes, tissue collection, and urine collection are all examples of specimen bags that can be used to carry many sorts of samples nowadays.
Specimen Transport Bags Market Dynamics:
The pharmaceutical sector is the primary driver of the specimen transport bag market. Furthermore, improvements in government standard policy may help to moderate the market's growth rate. Other factors influencing the growth of the specimen transport bags market include high demand from hospitals and diagnostic centres, and application in shipping containers, blood collection, and glove dispensers. Rising urbanization and industrialization are two additional major factors that would boost the market's growth pace. In addition, an increase in the desire for single-use and recyclable products may slow the market's development rate.

As people's lifestyles change and their disposable income rises, the number of events may rise, driving up demand for specimen transport bags. Additionally, the strong demand from various end-use industries are expected to boost the growth rate of the specimen transport bag market. Specimen transport bags are in high demand across the globe for their convenience in transportation and sample handling. The pharmaceutical sector in India and China has improved as a result of government standard policies, resulting in market expansion for specimen transport bags and an increase in the country's GDP.

Furthermore, the specimen transport bags market growth is driven by an increase in research and development activities as well as the emergence of new markets. Additionally, strategic collaboration among major market players and new product launches are important factors that may drive the growth rate of the specimen transport bags market in the future and give attractive market opportunities.

Restraining Factors:

The market for specimen transport bags is expected to be hampered by rising environmental concerns and the high cost of making these bags. The impact of COVID-19 on the supply chain can be a major stumbling block for the market for specimen transport bags. The growth pace of the specimen transport bags market can also be hampered by changing raw material prices and rigorous rules imposed on the use of plastic.
Specimen Transport Bags Market Segment Analysis:
Based on Material Type, The specimen transport bags market is segmented into polyethylene, low density polyethylene, linear low density polyethylene, polypropylene, polyvinyl chloride, poly lactic acid, ethylene vinyl alcohol and other plastics. on the basis of material type. The highest market share is of polyethylene followed by low density polyethylene, polypropylene and polyvinyl chloride respectively. Polyethylene (PE) is a light, flexible synthetic resin derived from ethylene polymerization. Polyethylene belongs to the major polyolefin resin family. It is the world's most frequently used plastic, found in everything from clear food wrap and shopping bags to detergent bottles and automotive fuel tanks. It can also be sliced or spun into synthetic fibres, or made to have rubber-like elasticity.

In the presence of oxide initiators, LDPE (Low-density polyethylene) is made from gaseous ethylene at very high pressures (up to about 350 megapascals, or 50,000 pounds per square inch) and high temperatures (up to about 350 °C [660 °F]). These procedures produce a polymer with both long and short branches. LDPE is a very flexible polymer because the branches prevent the polyethylene molecules from clustering tightly together in rigid, stiff, crystalline formations. Its melting point is around 110 degrees Celsius (230 degrees Fahrenheit). Packaging film, garbage and grocery bags, agricultural mulch, wire and cable insulation, squeeze bottles, toys, and housewares are among the most common applications.

Based on application, the specimen transport bags market is segmented into Pharmaceutical Distribution Bags, Cash/Coin Deposits Bag, Evidence Bags, Strap Bag and Card & Dice Bag on the basis of application. Pharmaceutical distribution bags held the dominant share in 2021 and projected to continue its dominance during the forecast period. The presence of the pharmaceutical industries and demand for bags are expected to boost its adoption of specimen transport bags.



Based on End-user, the specimen transport bags market is segmented into financial institutions, courier services companies, hospitals, casinos, national retail companies, hotels, government organization and academic institutions on the basis of application. Hospitals are expected to hold the dominant position in the market. bags have featured a 2-pocket design, with sealable specimen pouch and a document compartment keeps important paperwork safe. These are used by hospitals for reclosable reason. Various types of specimen bag closures like fold-down adhesive are available in the market, which helps to assure the safety of the contents. A biohazard warning is printed on the bags to ensure that they are handled safely. The colorful bags can help with storage efficiency and organization. The bag also includes proper handling recommendations for safe transportation and storage in laboratories.
Specimen Transport Bags Market Regional Insights:
The Specimen Transport Bags Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America on the basis of region. The report covers the detail analysis of the five key regions with the countries, which helps to offer clear representation of market demand. Asia Pacific is emerging market for specimen transport bags market growth. The usage of specimen transport bags in the healthcare sector industry is now widespread, which is contributed to the manufacture of electronics products to their long-term applications and longevity. The technological innovations and research in the biotechnology industry support the adoption of the specimen transport bags for packaging across the globe. An increase in the government regulations toward the usage of the bio-based products influence the key players to come up with the innovations in the market.

The objective of the report is to present a complete picture of global Specimen Transport Bags market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Specimen Transport Bags market. It also helps to understand bargaining power of suppliers and consumers.

The report also presents PESTLE analysis which helps to gain a macro picture of Specimen Transport Bags market. Political factors help to identify the influence of government over Specimen Transport Bags market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Specimen Transport Bags price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Specimen Transport Bags market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements.
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Specimen Transport Bags Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 222.88 Mn.


Forecast Period 2022 to 2029 CAGR:
9.8%
Market Size in 2029:
US $ 470.85 Mn.


 Segments Covered:
by Material Type
• Polyethylene
• Low density polyethylene
• Linear low-density polyethylene
• Polypropylene
• Polyvinyl chloride
• Poly lactic acid
• Ethylene vinyl alcohol
• Other plastics


by Product Type
• Opaque
• Clear


by Application
• Pharmaceutical Distribution Bags
• Cash/Coin Deposits Bag
• Evidence Bags
• Strap Bag
• Card & Dice Bag


by End-User
• Financial Institutions
• Courier Services Companies
• Hospitals
• Casinos
• National Retail Companies
• Hotels
• Government Organization
• Academic Institutions



Specimen Transport Bags Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Specimen Transport Bags Market Key Players
• Thermo Fisher Scientific Inc. (US)
• Stellar Scientific (US)
• Heathrow Scientific (US)
• Therapak (California)
• Thomas Scientific (US)
• SARSTEDT AG & Co. KG (Germany)
• Cardinal Health (US)
• DVG Packaging (US)
• Boen Healthcare Co.Ltd. (China)
• Merck KGaA (Germany)
• Action Health (US)
• Globe Scientific Inc. (US)
• Alifax S.r.l. (Italy)
• Minigrip, and International Plastics Inc. (US)
• Andwin Scientific Softbox Systems (US)
• Fisher Scientific (US)
• International Plastics (US)

Frequently Asked Questions:

1. What is the CAGR of the Specimen Transport Bags Market in the forecast period (2022-29)?
Ans. Specimen Transport Bags Market revenue is expected to grow at 9.8% through 2022 to 2029

2. Who are the key players in the Specimen Transport Bags Market?
Ans. Thermo Fisher Scientific Inc. (US), Stellar Scientific (US), Heathrow Scientific (US), Therapak (California), Thomas Scientific (US), SARSTEDT AG & Co. KG (Germany), Cardinal Health (US), DVG Packaging (US), Boen Healthcare Co.Ltd. (China), Merck KGaA (Germany), Action Health (US), Globe Scientific Inc. (US), Alifax S.r.l. (Italy), Minigrip (US), Andwin Scientific Softbox Systems (US), Fisher Scientific (US) and International Plastics (US) are the key players in Specimen Transport Bags Market.

3. Which product type is dominating the Specimen Transport Bags Market?
Ans. Opaque product type is dominating the Specimen Transport Bags Market.

4. What segments are covered in the Specimen Transport Bags Market report?
Ans. The segments covered in Specimen Transport Bags Market report are based on material type, product type, application, end-user and region.

5. What is the forecast period for the Specimen Transport Bags Market?
Ans. The forecast period for the Specimen Transport Bags Market is 2022-2029.