Industry Background:
The specimen retrieval is the device or bags have been used in minimally invasive gynecologic surgeries, gastrointestinal surgery, urology surgeries, and various treatment. They were originally used to remove adnexal cysts and masses through small laparoscopic incisions while avoiding spillage of the content in the abdominal cavity. The specimen retrieval bag is available in disposable, non-disposable, with memory wire in the market. The specimen retrieval bags are used as a receptacle for the collection and extraction of tissue specimens such as gall bladder, appendix, ovaries, fibroid tumors, and various other tissues during laparoscopic surgical procedures.
According to AMA Research, the market for Specimen Retrieval is expected to register a CAGR of 4.6% during the forecast period to 2027. This growth is primarily driven by Growing Nuber of Laparoscopic Procedures Across the World
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | Johnson & Johnson Services, Inc. (Ethicon) (United States), Medtronic (Ireland), CONMED Corporation (United States), Applied Medical Resources Corporation (United States), Teleflex Incorporated (United States), B. Braun Melsungen AG (United States), CooperSurgical, Inc. (United States), Genicon Inc. (United States), LaproSurge Ltd (United Kingdom) and Purple Surgical (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Supplies sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Johnson & Johnson Services, Inc. (Ethicon) (United States), Medtronic (Ireland), CONMED Corporation (United States), Applied Medical Resources Corporation (United States), Teleflex Incorporated (United States), B. Braun Melsungen AG (United States), CooperSurgical, Inc. (United States), Genicon Inc. (United States), LaproSurge Ltd (United Kingdom) and Purple Surgical (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
The competitive geography of the instance reclamation assiduity comprises companies similar as Purple Surgical, LaproSurge, GENICON, Applied Medical coffers,B. Braun, Medtronic, CooperSurgical, CONMED, Teleflex, and Johnson & Johnson, among others. These companies are enforcing varied strategies similar as innovative product launches, accessions, and combinations to gain a competitive edge over rivals across the global request.
Regulatory Insights:
"National Institute of Health - All biorepositories, whether large or represented by individual freezers in laboratories, should follow best practices for specimen storage and retrieval. Biorepositories should be operated using effective facility environments that include ambient temperature controls, good air circulation, lighting, and security with backup emergency power. Systems should be in place to allow for local and remote temperature monitoring of freezers, refrigerators, and other temperature-controlled environments. Biorepositories should have emergency preparedness plans that cover equipment failures and power interruption that include back-up storage capacity and back-up power supplies such as generators."
Market Drivers
- Growing Nuber of Laparoscopic Procedures Across the World
- Increasing Prevalence of Surgeries Related to Removal of Specimen
Market Trend
- Increasing Use of Specimen Retrieval in Kidney Stones Surgeries
- The Technological Advancements in Specimen Retrieval
Restraints
- High-Cost Associated with Specimen Retrieval
- Stringent Regulatory Guidelines
Opportunities
Surging Awareness about Specimen Retrieval and Increasing Funding on Health Care Sector for Research and Development is Booming the Specimen Retrieval Market
Challenges
Risk Factors Involved with Specimen Retrieval
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Specimen Retrieval Study Sheds Light on
The Specimen Retrieval Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Specimen Retrieval industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Specimen Retrieval industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.