Global Specimen Retrieval Market, By Type (Non-Detachable Specimen Retrieval Systems, Detachable Specimen Retrieval Systems), Introducer Size (5/8 mm Introducer Size, 10 mm Introducer Size, 12/15 mm Introducer Size, 25 mm Introducer Size), Application (Gastrointestinal Surgeries, Cardiovascular Surgeries, Urological Surgeries, Gynecological Surgeries, Others), End User (Hospitals, Ambulatory Surgical Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Specimen Retrieval Market
Specimen retrieval market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 337.72 million by 2028 and will grow at a CAGR of 4.75% in the above mentioned forecast period.
Specimen retrieval is largely used in n laparoscopic surgical procedures to provisionally contain specimen and ease their removal from the patient's body. They are generally used in the invasive surgical procedures and designed to reduce the contamination of the abdominal cavity.
The rapid lifestyle changes such as unhealthy dietary habits and sedentary lifestyle is amongst the important factors intensifying the growth and demand of specimen retrieval market. In addition, the rising alcohol and tobacco consumption as well as stress is also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the rapid surge in the number of surgical procedures for eliminating specimens from the human body and rising awareness pertaining to specimen retrieval systems amongst the population are also enhancing the growth of the market. Furthermore, the increasing incidence of gastrointestinal diseases such as gallstones and appendicitis associated with technological advancements in gastrointestinal robotic surgery is also one of the significant factors fueling the growth of the specimen retrieval market.
The high adoption of specimen retrieval systems during these procedures will accelerate embolic protection devices as well as the increasing investments in medical research and healthcare activities will further accelerate the expansion of the specimen retrieval market and are also is offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the high price of specimen retrieval systems as well as limited access to system in emerging countries will curb the growth of the specimen retrieval market, whereas the limited reimbursements have the potential to challenge the growth of the specimen retrieval market.
This specimen retrieval market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on specimen retrieval market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Specimen Retrieval Market Scope and Market Size
Specimen retrieval market is segmented on the basis of type, introducer size, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the specimen retrieval market is segmented into non-detachable specimen retrieval systems and detachable specimen retrieval systems.
- On the basis of introducer size, the specimen retrieval market is segmented into 5/8 mm introducer size, 10 mm introducer size, 12/15 mm introducer size and 25 mm introducer size.
- On the basis of application, the specimen retrieval market is segmented into gastrointestinal surgeries, cardiovascular surgeries, urological surgeries, gynecological surgeries and others.
- The end user segment of specimen retrieval market is segmented into hospitals, ambulatory surgical centers and others.
Specimen Retrieval Market Country Level Analysis
Specimen retrieval market is analyzed and market size insights and trends are provided by country, type, introducer size, application and end user as referenced above.
The countries covered in the specimen retrieval market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe region leads the specimen retrieval market owing to the increasing prevalence of cardiac, gastrointestinal and various other diseases amongst people within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the introduction of favorable healthcare policies and increasing cases of high blood pressure and obesity within this particular region.
The country section of the specimen retrieval market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Specimen retrieval market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for specimen retrieval market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the specimen retrieval market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Specimen Retrieval Market Share Analysis
Specimen retrieval market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to specimen retrieval market.
The major players covered in the specimen retrieval market report are Applied Medical Resources Corporation, B. Braun Melsungen AG, CONMED Corporation, GENICON, Johnson & Johnson Services, Inc, LaproSurge, Medtronic, Purple Surgical, Teleflex Incorporated, The Cooper Companies Inc., Vernacare, Ethicon US, LLC., Zhejiang Geyi Medical Instrument Co.,Ltd, Tonglu Kanger Medical Instrument Co.,Ltd, Hangzhou Valued Medtech Co., Ltd., and Advin Health Care, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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