The IMARC Group's latest research report, titled "Specimen Retrieval Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the specimen retrieval market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global specimen retrieval market size reached US$ 262.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 369.9 Million by 2032, exhibiting a growth rate (CAGR) of 3.87% during 2024-2032.
Specimen Retrieval Trends:
The global market is primarily driven by the increasing prevalence of chronic diseases and the rising number of surgical procedures. In line with this, the widespread availability of advanced specimen retrieval systems is also providing an impetus to the market. Moreover, the considerable rise in healthcare expenditure and improved healthcare infrastructure is also acting as a significant growth-inducing factor for the market.
In addition to this, the expanding awareness about minimally invasive surgeries is resulting in a higher investment in specimen retrieval devices. Besides this, the growing demand for effective and safe surgical procedures is creating lucrative opportunities in the market. Also, the increasing influence of technological advancements in surgical instruments is impacting the market positively. The market is further driven by the implementation of favorable government policies and initiatives to improve surgical care.
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Specimen Retrieval Market Scope & Growth Analysis:
The scope of the global market is expanding as the integration of robotics and automation in surgical procedures is becoming more prevalent. The increasing focus on developing high-precision and user-friendly specimen retrieval systems is contributing to the market expansion as per the market analysis. Furthermore, the growing inclination towards outpatient and ambulatory surgical centers is driving the demand for portable and efficient retrieval devices.
In addition to this, the expanding healthcare sector, especially in developing regions, is leading to higher adoption of advanced surgical tools. The market is also witnessing a positive impact from the strategic collaborations and partnerships aimed at innovation and product development. Besides this, the increased investment in healthcare infrastructure and technological advancements in surgical equipment are opening new avenues for market growth. The market scope is further broadened by the rising awareness and acceptance of minimally invasive surgical techniques among healthcare providers.
Competitive Landscape with Key Players:
Applied Medical Resources Corporation
B. Braun AG
CONMED Corporation
Johnson & Johnson
LaproSurge
Medtronic plc
Purple Surgical
Teleflex Incorporated
Key Market Segmentation:
Breakup by Type:
Detachable Specimen Retrieval System
Non-Detachable Specimen Retrieval System
Breakup by Application:
Gastrointestinal Surgeries
Urological Surgeries
Gynecological Surgeries
Cardiovascular Surgeries
Bariatric Surgeries
Breakup by End User:
Hospitals
Ambulatory Surgical Centers
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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