Global Specimen Retrieval Market Expected To Surge At A CAGR Above 7.30% During 2024-2030

As stated by forecasters from Zion Market Research, the global specimen retrieval systems market is estimated to attain USD 277.69 million in 2023 and is predicted to grow to around USD 511.11 million by 2032 with a CAGR of roughly 7.30% between 2024 and 2032. The growth in this market is chiefly motivated by the surging dominance of diseases that need surgical treatment, particularly laparoscopic surgeries. Nevertheless, the higher price of specimen retrieval systems is the main challenge for this market, predominantly in budding countries. The specimen retrieval is widely utilized in the laparoscopic surgeries to momentarily contain specimen and helps in the elimination of it from the body of the patient. It is planned to offer protection to the patient and advance the patient’s outcomes by reducing the infectivity of the abdominal cavity.

Some of the prominent players in the market are B. Braun Melsungen AG, Applied Medical Resources Corp., GENICON, Inc., CONMED Corp., Medtronic PLC, Johnson & Johnson Services, Inc., and Teleflex Inc. These firms are progressively more spending in geographical expansion and product development activities, so as to gain a robust spot in the market. For example, Medtronic PLC has established a latest-generation specimen retrieval bag that elevates reliability, strength, and simplicity to the operating room.

Raising Awareness About Specimen Retrieval Systems To Boost The Global Specimen Retrieval Market

The chief aspects impelling the specimen retrieval market include the increased awareness among the population concerning the specimen retrieval systems for the treatment. The surged prevalence of diseases like cancer, which needs surgeries in addition to the augmented number of laparoscopic procedures executed for the specimen elimination from the human body, is advancing the overall development of the market. In addition, the higher cost of the specimen retrieval has put them beyond the reach of the consumers; this is pessimistically impacting the growth of the market. However, the increasing investments in healthcare and medical researches activities in budding countries, like China, are presenting growth prospects for the specimen retrieval market.

The global specimen retrieval market is bifurcated based on the introducer size, type, application, end-use, and geography. Based on the type, the market is divided into non-detachable and detachable type. Based on the introducer size, the market is divided into 5 mm, 10 mm, 15 mm, and 25 mm. Based on the application, the market is divided into urological surgeries, gynecological surgeries, gastrointestinal surgeries, cardiovascular surgeries, and others. Based on the end-user, the market is divided into ambulatory surgical centers, hospitals, and others.

Asia Pacific Region Predicted To Witness The Highest Rate In The Forecasted Period

Based on the geological analysis, the global specimen retrieval market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region ruled the market during 2023 and the Asia Pacific region is anticipated to report the highest CAGR across the market during 2024-2032. The growth in the Asia Pacific region is mainly driven by the increasing patient population and surging infrastructural advancement in the region.

This review is based on a report by Zion Market Research, titled “Specimen Retrieval Market By Type (Detachable and Non-Detachable), By Introducer Size (5 mm, 10 mm, 15 mm, and 25 mm), By Application (Urological Surgeries, Gynecological Surgeries, Gastrointestinal Surgeries, Cardiovascular Surgeries, and Others), By End-Use (Ambulatory Surgical Centers, Hospitals, and  Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032” Report at https://www.zionmarketresearch.com/report/specimen-retrieval-market

The global specimen retrieval market is categorized as follows:

By type:

• Detachable
• Non-detachable

By introducer size:

• 5 mm
• 10 mm
• 15 mm
• 25 mm

By application:

• Cardiovascular Surgeries
• Gynecological Surgeries
• Urological Surgeries
• Gastrointestinal Surgeries
• Others

By end-use:

• Ambulatory Surgical Centers
• Hospitals
• Others

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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