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Specimen Retrieval Market Trends

Report ID: GMI3628
Published Date: Jan 2024
Report Format: PDF

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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.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Specimen retrieval industry size was USD 288.3 million in 2023 and is expected to reach over USD 499.9 million by 2032 owing to increasing awareness regarding surgical treatments along with the rising demand for minimally invasive surgeries worldwide.

Specimen retrieval industry from the detachable specimen retrieval systems segment reached USD 155.9 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 owing to their flexibility and adaptability during surgical procedures.

North America specimen retrieval industry recorded USD 130.4 million in 2023 and is expected to register commendable CAGR from 2024-2032 due to the presence of an advanced healthcare infrastructure, comprising state-of-the-art hospitals, and surgical centers, in the region

Johnson & Johnson Services, Inc., Teleflex Incorporated, Applied Medical Resources Corporation, B. Braun Melsungen AG, CONMED Corporation, The Cooper Companies, Purple Surgicals, Medtronic PLC, LaproSurge, and Duomed are some of the major specimen retrieval companies worldwide.