The report is titled ‘Specimen Retrieval Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the specimen retrieval market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The specimen retrieval market is expected to grow at a significant rate in the near future.
The specimen retrieval market size was valued at US$ 239.4 Mn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2028.
A specimen retrieval system can be comprehended as a simple-to-use retrieval system that is particularly designed to tentatively reserve or retain specimens and further expedite its elimination from the patient’s body in the medical surgery of laparoscopy.
A specimen retrieval is created to cut off the impurity and contamination of the abdominal cavity. The specimen retrieval also assists in improving patient outcomes and providing improved patients’ safety. They are typically employed in the invasive surgical proceedings and intended to decrease the impurity of the abdominal cavity.
One of the major factors that is driving the demand of the specimen retrieval system across the global market is the sluggish lifestyle and poor eating habits of the population, nowadays, which is majorly causing the contamination of the abdominal cavity. Owing to which, the global specimen retrieval market is expected to grow substantially in the near future.
In addition to that, the growing consumption of tobacco and alcohol as well as rising disorders like stress and anxiety among the population, particularly the youth, is further contributing to the increasing count of laparoscopy surgeries across the world. Attributing to which, the global specimen retrieval market is expected to observe major breakthroughs across the global markets over the forthcoming period.
Furthermore, the surging incidences of gastrointestinal ailments such as appendicitis and gallstones related with invariable technological innovations in gastrointestinal robotic surgery is another one of the considerable factors which is projected to positively fuel the market growth of specimen retrieval in the coming years.
The global specimen retrieval market is segmented on the basis of type, introducer size, application, end-user, and region.
Detachable specimen retrieval systems
Non-detachable specimen retrieval systems
Other Applications (cardiovascular and bariatric surgeries)
Other End Users (ambulatory surgical centers and nursing homes)
The key participating players of the global specimen retrieval market include Johnson & Johnson Services, Inc., Teleflex Incorporated, Applied Medical Resources Corporation, CONMED Corporation, Cooper Surgical, Inc., Genicon, B. Braun Melsungen AG, Laprosurge, Purple Surgical and Medtronic, among others.
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Specimen Retrieval market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of Specimen Retrieval
Advantages of Specimen Retrieval
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.