Specimen Retrieval Market Size is likely to gain remarkable traction from 2022 to 2028, on account of the introduction of varied laparoscopic specimen bags with enhanced features, including high safety and superior strength, thus ensuring patient safety. The rising awareness about the benefits of minimally invasive procedures over traditional open surgery, including faster recovery and reduced pain, may further amplify industry expansion in the years ahead. Tissue or endo retrieval bags refer to systems used to remove specimens during minimally invasive surgeries like laparoscopy. This system utilizes two support arms, which are attached to the introducer and shaft, to ensure bag opening and tissue capture during surgical procedures. Such sterile retrieval bags are suitable for the safe removal of organs including the gallbladder, ovaries, and lymph node.
Growing incidence of ovarian cyst is one of the key trends characterizing the specimen retrieval market dynamics through 2022-2028. As per statistics from MedicineNet, nearly 7% of women worldwide develop a cyst in their ovaries at some point in their life, which could fuel the adoption of laparoscopic ovarian cyst removal surgery and consequently drive the market share. In 2020, over 1,806,590 new cancer cases were estimated in the United States, as per the National Cancer Institute’s data. Factors such as these could stimulate industry size, given the significant usage of laparoscopic surgery for the removal of cancerous tumors.
With regards to type, the detachable segment is set to hold a considerable share in the specimen retrieval industry by 2028. The segmental growth can be credited to the notable product attributes such as minimum contamination of the wound tract or abdominal cavity, easy-to-use, hence promoting efficiency and shortening procedure time.
Considering application, the gynecological surgeries segment is anticipated to record a commendable revenue over the forecast spell. This is a result of the strong prevalence of fibroids among women in countries including the U.S., thus stimulating the need for specimen retrieval bags for use in uterine fibroid surgery.
On the regional front, the Europe specimen retrieval market is projected to depict a high growth rate through 2028, driven by the increasing number of patients with gastrointestinal diseases in the region. As per the National Health Service’s data, more than 1 in 10 adults has gallstones in the UK. Such a factor, along with the rising investment interest towards healthcare infrastructure development projects and a significant increase in aging population, will contribute to the regional industry outlook over the forthcoming years.
The competitive landscape of the specimen retrieval industry comprises companies such as Purple Surgical, LaproSurge, GENICON, Applied Medical Resources, B. Braun, Medtronic, CooperSurgical, CONMED, Teleflex, and Johnson & Johnson, among others. These companies are implementing varied strategies such as innovative product launches, acquisitions, and mergers to gain a competitive edge over rivals across the global market.
The novel COVID-19 pandemic has posed a substantial burden to the healthcare system worldwide. Amid the increased focus on restructuring hospitals for this disease treatment, access to care for patients experiencing other health conditions was reduced. For example, a decrease in the number of patients seeking emergency care for urological conditions like urinary tract infections (UTIs) was observed. These aforesaid factors may have hampered the specimen retrieval industry share in recent months. However, the adoption of laparoscopic cholecystectomy as a preferred choice for the treatment of COVID-19-infected patients with acute cholecystitis may bolster the need for surgical specimen retrieval devices and in turn, aid industry recovery over the foreseeable future.
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Market, By Introducer Size
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Market, By End-use
The above information is provided for the following regions and countries: