Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 277.69 Million | USD 511.11 Million | 7.30% | 2023 |
The global specimen retrieval market size was worth around USD 277.69 million in 2023 and is predicted to grow to around USD 511.11 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.30% between 2024 and 2032.
The report offers an assessment and analysis of the Specimen Retrieval market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million).
Specimen retrieval systems are massively utilized in laparoscopic surgeries for temporarily containing specimens and removing the specimens from the body system of patients. These systems are devised for minimizing pollution of abdominal cavity through isolation & specimen containing. Apparently the special retrieval tools find slew of applications in minimally invasive surgeries.
Surge in the incidences of chronic ailments and huge requirement of surgeries will prompt market proliferation in the coming years. In addition to this, rise in the surgical operations for the annihilation of specimens from the human body will spur the industry growth over the forecast timespan. Apparently, high consciousness about specimen retrieval systems among both the patient population base and physicians or surgeons will create lucrative growth avenues for the market over the forecast timespan. Additionally, inactive lifestyles, surge in tobacco consumption, and wrong food habits will further contribute towards the overall market size in the forecasting years.
Furthermore, rise in the incidences of heart ailments will result in high need of surgeries and this will enhance the acceptance of specimen retrieval tools while performing these surgical procedures. This, in turn, will prompt business growth. Nonetheless, huge cost of these products can be detrimental to the expansion of the market over the ensuing years.
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.
Report Attributes | Report Details |
---|---|
Report Name | Specimen Retrieval Market Research Report |
Market Size in 2023 | USD 277.69 Million |
Market Forecast in 2032 | USD 511.11 Million |
Compound Annual Growth Rate | CAGR of 7.30% |
Number of Pages | 110 |
Forecast Units | Value (USD Million), and Volume (Units) |
Key Companies Covered | Braun Melsungen AG, Johnson & Johnson Services, Inc., Medtronic PLC, Applied Medical Resources Corp., GENICON, Inc., CONMED Corp., and Teleflex Inc. |
Segments Covered | By Type, By Introducer Size, By Application, By End-Use And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific Market To Witness Lucrative Growth Over 2024-2032
The growth of the market in the region over the estimated timeline is due to rise in the geriatric population in the countries like India and China that is susceptible to chronic disorders. Apart from this, introduction of favorable healthcare policies and growing cases of high blood pressure and obesity will elevate the business landscape in the region.
By Type:
By introducer size:
By application:
By end-use:
By Region
FrequentlyAsked Questions
Specimen retrieval systems are massively utilized in laparoscopic surgeries for temporarily containing specimens and removing the specimens from the body system of patients.
According to study, the global specimen retrieval market size was worth around USD 277.69 million in 2023 and is predicted to grow to around USD 511.11 million by 2032.
The CAGR value of specimen retrieval market is expected to be around 7.30% during 2024-2032.
Asia Pacific has been leading the global specimen retrieval market and is anticipated to continue on the dominant position in the years to come.
The global specimen retrieval market is led by players like B. Braun Melsungen AG, Applied Medical Resources Corp., GENICON, Inc., CONMED Corp., Medtronic PLC, Johnson & Johnson Services, Inc., and Teleflex Inc.
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