Specimen Retrieval Market

Specimen Retrieval Market Size

Specimen Retrieval Market size was valued at around USD 288.3 million in 2023 and is estimated to reach over USD 449.9 million by 2032. The increasing awareness regarding surgical treatments along with the rising demand for minimally invasive surgery is anticipated to drive the market growth globally.

The escalating demand for minimally invasive surgery (MIS) procedures, encompassing laparoscopic and endoscopic interventions, is a significant factor behind growing demand for specimen retrieval systems. For instance, according to the Cleveland Clinic, in 2022, over 13 million laparoscopic procedures are performed globally every year. This surge in demand is mainly due to the benefits associated with MIS, such as smaller incisions, reduced postoperative pain, quicker recovery times, and a lower risk of complications.

Moreover, as patients and healthcare providers become more informed about different surgical options, there is a growing preference for less invasive approaches that offer quicker recovery times, reduced postoperative pain, and smaller incisions. Specimen retrieval devices are crucial in facilitating the removal of tissue samples or organs with minimal trauma, aligning with the preferences of patients. Thus, rising patient awareness, increasing educational initiatives, and adoption of minimally invasive surgeries are crucial factors expected to propel the specimen retrieval market expansion.

Specimen retrieval refers to the process of safely and efficiently recovering biological samples or tissues that have been removed during a surgical procedure such as organs, tissues, or lesions are excised for diagnostic or therapeutic purposes. This process involves the use of specialized devices to retrieve these samples from the surgical site, ensuring their intact and sterile transfer for further analysis, examination, or pathological evaluation.

The limited use of advanced medical systems in emerging nations is one of the major factors impeding the growth of the market. Emerging nations often face challenges related to healthcare infrastructure, including limited access to advanced medical facilities and technologies. The lack of well-equipped hospitals and surgical centers hinders the widespread adoption of advanced specimen retrieval systems.

Moreover, economic constraints in many low/middle income countries results in budgetary limitations for healthcare expenditures. The acquisition and maintenance costs associated with advanced medical systems may be prohibitive, leading to slower adoption rate of specimen retrieval systems in these regions.

COVID-19 Impact

The outbreak of COVID-19 had negatively impacted the specimen retrieval market revenue in 2020. The unprecedented challenges brought about by the pandemic have resulted in both short-term disruptions and long-term shifts in the dynamics of this industry. Manufacturers of specimen retrieval faced challenges in sourcing raw materials and components, causing delays in production and delivery. This, in turn, impacted the availability of specimen retrieval in the market.

Specimen Retrieval Market Trends

The specimen retrieval industry is experiencing a notable growth, driven by the escalating burden of chronic diseases. This surge is primarily attributed to the rising incidence of chronic conditions such as cancer, cardiovascular diseases, and gastrointestinal disorders.

• According to the World Health Organization, in 2020, more than 1.9 million new cases of colorectal cancer and more than 930,000 deaths due to colorectal cancer were estimated to have occurred worldwide. Additionally, colorectal cancer predominantly affects older individuals, with the majority of cases occurring in people aged 50 and above. As the global population ages, the prevalence of health issues requiring diagnostic such as cancer diagnostics  and therapeutic interventions, including specimen retrieval procedures, will rise surging the adoption of such tissue diagnostics and retrieval systems.
  
• Moreover, the emphasis on preventive healthcare and early detection of chronic diseases has led to an increase in screening and diagnostic procedures. Specimen retrieval is essential in obtaining samples for various screenings, biopsies, and diagnostic tests, contributing to the early detection and management of chronic conditions.
  

Specimen Retrieval Market Analysis

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The market by type is segmented into detachable specimen retrieval systems and non-detachable specimen retrieval systems. The detachable specimen retrieval systems segment accounted for the majority of revenue share and was valued at around USD 155.9 million revenue in 2023.

• Detachable specimen retrieval systems offer a distinctive advantage in terms of flexibility and adaptability during surgical procedures. Their modular design allows for easy detachment of the specimen bag or container, simplifying the retrieval process. This characteristic proves particularly advantageous in minimally invasive surgeries, such as laparoscopy and robotic procedures, where precise specimen retrieval is critical.
  
• Moreover, the surge in demand for minimally invasive surgical instrument has propelled the adoption of detachable specimen retrieval systems. As these systems seamlessly integrate with advanced surgical approaches, including laparoscopic and robotic surgeries, they cater to the evolving preferences of healthcare professionals for less invasive and more precise interventions.
  
• Furthermore, the ease of detachment facilitates the secure retrieval of tissue samples, minimizing the risk of contamination and ensuring intact specimens for precise pathological examination. Hence, these factors are anticipated to play a crucial role in propelling the future market expansion of specimen retrieval industry.
  

Based on application, the specimen retrieval market is categorized into gynecological surgeries, urological surgeries, gastrointestinal surgeries, and other applications. The gynecological surgeries segment dominated the market and accounted for over 37.35% market share in 2023 and is anticipated to witness significant growth during the forecast period.

• The increasing prevalence of gynecological conditions, such as ovarian cysts, uterine fibroids, and endometrial abnormalities, has led to a growing number of gynecological surgeries. According to the National Library of Medicine, in 2020, approximately 4 million gynecologic surgeries were performed in the U.S. Specimen retrieval systems play a crucial role in these surgeries by facilitating the safe and efficient removal of tissue samples for diagnostic and therapeutic purposes.
  
• Moreover, advances in gynecological surgical techniques, including robotic-assisted surgeries, have contributed to the prominence of specimen retrieval systems. These systems are tailored to complement sophisticated surgical approaches, ensuring precise specimen retrieval while maintaining the integrity of samples. Thus, the aforementioned factors are anticipated to play a crucial role in fueling the market growth of specimen retrieval systems during the forecast period.
  

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The specimen retrieval market by end-use is categorized into hospital, ambulatory surgical centers, other end-users. The hospital segment accounted for over USD 140.2 million in revenue size in 2023.

• Hospitals act as primary centers for surgical interventions, witness high surgical throughput. The consistent demand for specimen retrieval systems is driven by the sheer volume and diversity of surgeries performed in hospital settings, encompassing specialties such as general surgery, gynecology, urology, and oncology.
  
• Moreover, the multidisciplinary nature of hospitals facilitates the utilization of specimen retrieval systems across various surgical specialties. Whether in abdominal surgeries, minimally invasive procedures, or oncological surgeries, hospitals cater to a broad spectrum of medical needs, contributing to the dominance of specimen retrieval systems within their infrastructure. Therefore, the central role of hospitals in providing a comprehensive range of surgical services across diverse specialties will fuel the business growth positively.
  

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North America specimen retrieval market accounted for USD 130.4 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.

• North America boasts advanced healthcare infrastructure, comprising state-of-the-art hospitals, surgical centers, and medical facilities. The availability of sophisticated healthcare settings contributes to the widespread adoption of specimen retrieval systems in various surgical procedures.
  
• Moreover, the region is at the forefront of technological advancements in the medical field. Continuous innovation in surgical techniques, including minimally invasive procedures, has increased the demand for specimen retrieval systems. North American healthcare providers are quick to adopt cutting-edge technologies, further solidifying the region's dominant market position.
  

Specimen Retrieval Market Share

The specimen retrieval industry is fragmented in nature, with companies competing to offer superior specimen retrieval systems in this business space. Prominent players such as Johnson & Johnson Services, Inc., Teleflex Incorporated, Applied Medical Resources Corporation hold a significant share in this market. These companies are diligently directing their efforts towards continuous type innovation to gain substantial market share.

Specimen Retrieval Market Companies

Some of the eminent market participants operating in the specimen retrieval industry include:

• Johnson & Johnson Services, Inc.
• Teleflex Incorporated
• Applied Medical Resources Corporation
• B. Braun Melsungen AG
• CONMED Corporation
• The Cooper Companies
• Purple Surgicals
• Medtronic PLC
• LaproSurge
• Duomed

Specimen Retrieval Industry News:

• In November 2023, Ethicon a Johnson & Johnson MedTech company, debuted an AI-powered surgical simulation platform that supports skill development in current and future surgeons at the American Association of Gynecological Laparoscopists (AAGL) global congress. The technology ushers in a new era in surgical training by leveraging artificial intelligence (AI), and augmented reality (AR) powered trainings, real-time data, and tactical feedback. This advanced platform may help the company to help the company to acquire enhanced customer base by integrating innovative technologies into various surgical procedures.
  

Specimen retrieval market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Type, 2018-2032 (USD Million)

• Detachable specimen retrieval systems
• Non-detachable specimen retrieval systems

By Application, 2018-2032 (USD Million)

• Gynecological surgeries
• Urological surgeries
• Gastrointestinal surgeries
• Other applications

By End-use, 2018-2032 (USD Million)

• Hospitals
• Ambulatory surgical centers
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East & Africa