Global Specimen Retrieval Market Insights Forecasts to 2033

• The Global Specimen Retrieval Market Size was Valued at USD 0.32 Billion in 2023
• The Market Size is Growing at a CAGR of 4.97% from 2023 to 2033
• The Worldwide Specimen Retrieval Market Size is Expected to Reach USD 0.52 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Specimen Retrieval Market Size is Anticipated to Exceed USD 0.52 Billion by 2033, Growing at a CAGR of 4.97% from 2023 to 2033.

Market Overview

Specimen Retrieval is a vital tool in laparoscopic surgery that is used to remove specimens safely and efficiently, such as tissue or organs (gallbladder, ovaries, and lymph nodes), from the patient’s body. Specimen retrieval is most frequently used in different surgeries, especially minimally invasive surgeries and laparoscopic surgeries. Specimen retrieval bags have long been used in laparoscopic gynecologic surgery for contained removal of adnexal cysts and masses. These will likely be increasingly used to contain and prevent spread during myoma or uterine morcellation. More recently, the concerns regarding the spread of malignant cells during mechanical morcellation of myoma have led to the additional use of specimen retrieval bags for contained "in-bag" morcellation. An additional use for specimen retrieval bags in gynecology has been suggested given the FDA warning regarding the use of mechanical power morcellators for removal of myoma and myomatous uteri. The advancement in minimally invasive surgical procedures and adoption of laparoscopy and robotic-assisted surgeries, in order to reduce patient trauma, minimize recovery times, and enhance overall surgical outcomes are augmenting the demand for efficient specimen retrieval solutions. Further, the rising emphasis on the use of eco-friendly and biodegradable Retrieval devices due to increasing awareness about the ecological impact of medical waste during surgical procedures potentially provides an opportunity for lucrative market growth of specimen retrieval.

Report Coverage

This research report categorizes the market for the global specimen retrieval market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global specimen retrieval market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global specimen retrieval market.

Driving Factors

The rising prevalence of diseases needs surgical treatments, with the adoption of minimally invasive procedures such as laparoscopy and robotic-assisted surgeries, resulting in surging market demand for specimen retrieval. Further, the rising awareness about the benefits of invasive surgical procedures like improved surgical outcomes, enhanced recovery time, and reduction of patient trauma is also fueling the market for specimen retrieval. Huge funding for healthcare activities by developing countries driving the global specimen retrieval market.

Restraining Factors

The high cost required for specimen retrieval net solutions is hampering the market growth. In addition, the fulfillment of stringent regulations and compliance requirements is time-consuming and costly which are ultimately responsible for restraining the global specimen retrieval market growth.

Market Segmentation

The global specimen retrieval market share is classified into bag size, product type, application, and end-user.

• The 5 mm segment is expected to hold the largest share of the global specimen retrieval market during the forecast period.   

Based on the bag size, the global specimen retrieval market is categorized into 5 mm, and 10 mm. Among these, the 5 mm segment is expected to hold the largest share of the global specimen retrieval market during the forecast period. The miniaturization of laparoscopic surgery accelerates the demand for 5mm specimen retrieval bags. Thus, the rising number of laparoscopic gynecologic surgery propels the market growth of the specimen retrieval market.

• The detachable segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the product type, the global specimen retrieval market is categorized into detachable, and non-detachable. Among these, the detachable segment is expected to grow at the fastest CAGR during the forecast period. There is an increasing demand for detachable segment, as detachable specimen retrieval bags can be conveniently used multiple times in a single procedure.

• The gynecology segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the application, the global specimen retrieval market is categorized into gynecology, and urology. Among these, the gynecology segment is expected to grow at the fastest CAGR during the forecast period. The rising number of gynecology surgeries is expected to drive the market demand for specimen retrieval in the gynecology segment.

• The hospitals segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the end-user, the global specimen retrieval market is categorized into hospitals and ambulatory surgical centers. Among these, the hospitals segment is expected to grow at the fastest CAGR during the forecast period. Hospitals have more extensive infrastructure, resources, and surgical capabilities as compared to ambulatory surgical centers. In addition, the increasing number of hospitals augmented to enhance the market growth in the hospital segment.

Regional Segment Analysis of the Global Specimen Retrieval Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global specimen retrieval market over the predicted timeframe.

North America is projected to hold the largest share of the global specimen retrieval market over the forecast period. The presence of well-established healthcare infrastructure and growing R&D activities, with a high adoption rate of advanced surgical techniques, are likely to expand market growth in the region. Furthermore, the presence of major market players, academic institutions, and medical research centers is contributing to the development of cutting-edge retrieval devices that ultimately propel the market growth in the region.

Asia-Pacific is expected to grow at the fastest CAGR growth of the global specimen retrieval market during the forecast period. The rising population in the Asia-Pacific region with growing healthcare infrastructure development, and a rising number of surgical procedures are responsible for propelling the market growth in the region. The adoption of minimally invasive surgical techniques in the region is also escalating the specimen retrieval market. Further, the growing middle-class population and healthcare expenditure are also responsible for enhancing market demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global specimen retrieval market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Johnson & Johnson Services, Inc.
• Laprosurge
• Applied Medical Resources Corporation
• KARL STORZ SE & Co. KG
• Boston Scientific Corporation
• Stryker Corporation
• Medtronic
• Purple Surgical, Inc.
• B. Braun Melsungen AG
• Teleflex Incorporated
• CONMED Corporation
• Cooper Surgical, Inc.
• Genicon
• Melsungen AG
• Hangzhou Boer Medical Instruments Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2023, Progressive Medical, Inc. announced the launch of West’s Vial2Bag Advanced 13 mm admixture device.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global specimen retrieval market based on the below-mentioned segments: 

Global Specimen Retrieval Market, By Bag Size

• 5 mm
• 10 mm

Global Specimen Retrieval Market, By Product Type

• Detachable
• Non-detachable

Global Specimen Retrieval Market, By Application

• Gynecology
• Urology

Global Specimen Retrieval Market, By End-user

• Hospitals
• Ambulatory Surgical Centers

Global Specimen Retrieval Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa