Specimen Retrieval Market

Market Overview: 

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. The growing prevalence of various chronic diseases, rising innovations in surgical techniques, and increasing demand for minimally invasive surgeries as they offer reduced pain and have less recovery time are some of the major factors propelling the market.

Specimen retrieval is a method of collecting and obtaining tissue samples or specimens from various sources for examination and analysis in a controlled and organized manner. It involves the systematic gathering of crucial data or information. It is a critical step in various medical interventions, particularly in surgeries performed using minimally invasive techniques. It allows surgeons to perform precise pathological examinations. As it assists in providing and developing appropriate treatment plans that cater to the specific condition of a patient, the demand for specimen retrieval is increasing across the globe.

At present, the rising awareness about early diagnosis and screening among the masses around the world is contributing to the growth of the market. In line with this, the increasing demand for personalized medicines among individuals is strengthening the growth of the market. Moreover, the growing prevalence of age-related medical conditions that require surgical interventions is positively influencing the market. In addition, rising investments in healthcare infrastructure, along with the improved access to advanced surgical procedures across the globe, is offering lucrative growth opportunities to industry investors. Furthermore, governing agencies of several countries are organizing various campaigns to generate awareness about medical technologies and treatment options among individuals, which is supporting the growth of the market. Besides this, the increasing demand for diagnostic and surgical procedures is bolstering the growth of the market.

Specimen Retrieval Market Trends/Drivers:

Rising demand for minimally invasive surgeries 

There is an increase in the demand for minimally invasive surgical procedures among the masses worldwide. Minimally invasive surgeries offer several advantages over traditional open surgeries, such as smaller incisions, reduced scarring, and shorter hospital stays. In addition, people are increasingly preferring surgeries that cause less pain and have faster recovery times. Healthcare providers also prefer minimally invasive surgical procedures, as they reduce the risk of infections and contamination. In line with this, it allows surgeons to extract tissue samples or organs safely and efficiently without the need for large incisions. Besides this, it assists in ensuring minimal tissue damage, reducing postoperative complications, and improving patient outcomes.

Increasing prevalence of chronic diseases

There is a rise in the demand for efficient diagnosis treatment solutions due to the increasing prevalence of numerous chronic diseases, such as cancer, gastrointestinal disorders, and urological conditions among individuals. These conditions often require surgical interventions for accurate diagnosis and effective treatment planning, which is contributing to the growth of the market. In addition, specimen retrieval facilitates the safe and efficient collection of tissue samples for histopathological analysis and diagnosis. Apart from this, healthcare providers are recognizing the significance of accurate and timely diagnosis to enhance patient outcomes. Additionally, several ongoing advancements in diagnostic techniques offer improved precision and enhance the overall health of individuals.

Innovations in surgical techniques

Various manufacturers are rapidly innovating surgical technologies that allow healthcare professionals to perform complex procedures with greater precision and safety. In line with this, key players are investing in research and engineering to design devices with ergonomic features, improved specimen containment, and user-friendly interfaces. These innovations made surgical procedures more efficient and enhanced the preservation and integrity of collected samples, thereby facilitating accurate diagnosis and research. Surgeons are increasingly opting for this advanced technique due to their ease of use and superior performance. Moreover, the integration of robotics and artificial intelligence (AI) assists in enhancing surgical capabilities, which is bolstering the growth of the market.

Specimen Retrieval Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global specimen retrieval market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, application, and end user.

Breakup by Type:

• Detachable Specimen Retrieval System
• Non-Detachable Specimen Retrieval System
   

Non-detachable specimen retrieval system represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the type. This includes detachable specimen retrieval system and non-detachable specimen retrieval system. According to the report, non-detachable specimen retrieval system represented the largest segment. A non-detachable system is a type of device that incorporates the retrieval bag or container directly into the port or trocar itself. In this system, the specimen is collected and contained within the retrieval bag, which is part of the port or trocar design. Once the specimen is secured, the entire unit is withdrawn from the body of a patient. Additionally, this system eliminates the need for a separate detachment step. It is commonly used in laparoscopic and robotic surgeries, offering a streamlined approach.

A detachable system refers to a type of device that allows the safe and efficient retrieval of specimens or tissue samples during surgical procedures. It comprises a detachable bag or container that can be securely attached to the surgical port or trocar. Once the tissue sample is collected, the bag is detached from the port, sealed, and removed from the body of a patient. This system assists in preserving the integrity of the specimen. Moreover, it is widely used in various laparoscopic and robotic surgeries and provides surgeons with a convenient and reliable means to extract tissue samples without the risk of contamination.

Breakup by Application:

• Gastrointestinal Surgeries
• Urological Surgeries
• Gynecological Surgeries
• Cardiovascular Surgeries
• Bariatric Surgeries 
   

Gynecological surgeries account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes gastrointestinal surgeries, urological surgeries, gynecological surgeries, cardiovascular surgeries, and bariatric surgeries. According to the report, gynecological surgeries represented the largest segment. Gynecological surgeries include hysterectomy, oophorectomy, and other procedures to treat conditions like fibroids, endometriosis, and ovarian cysts. In line with this, these systems are essential in these surgeries to safely remove tissue samples and organs and support precise diagnosis and personalized treatment strategies.

Gastrointestinal surgeries involve the diagnosis and treatment of conditions affecting the stomach, intestines, liver, gallbladder, and other digestive organs. Common procedures involved are laparoscopic cholecystectomy, appendectomy, and colorectal surgeries. These systems in this application are crucial for safely extracting tissue samples and organs during these procedures.

Urological surgeries include various procedures, such as nephrectomy, prostatectomy, and cystectomy. In addition, these systems are essential in urological surgeries to collect tissue samples for pathological examination and provide accurate diagnosis and treatment planning.

Breakup by End User:

• Hospitals
• Ambulatory Surgical Centers
   

Hospitals hold the biggest market share

The report has provided a detailed breakup and analysis of the market based on the end user. This includes hospitals and ambulatory surgical centers. According to the report, hospitals represented the largest segment. Hospitals are the primary end users of specimen retrieval systems, as they cater to a wide range of medical and surgical specialties, such as gastrointestinal, urological, gynecological, and many others. Hospitals perform a huge number of surgical procedures that require the retrieval of tissue samples or organs for diagnostic purposes. These systems are essential to ensure safe and efficient specimen extraction during minimally invasive surgeries. Hospitals provide quality healthcare services to a diverse patient population. Moreover, the rising demand for specimen retrieval systems in hospitals due to the increasing volume of surgeries is bolstering the growth of the market.

Ambulatory surgical centers are healthcare facilities that specialize in providing same-day surgical procedures to patients who do not require an overnight stay. They offer a convenient and cost-effective alternative to hospital-based surgeries for various surgical specialties. These centers perform procedures ranging from minor surgeries to more complex interventions while maintaining patient comfort and safety.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest specimen retrieval market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share due to the well-established healthcare infrastructure. In line with this, the rising adoption of advanced healthcare systems is bolstering the growth of the market in the region. Apart from this, the increasing innovation in the field of minimally invasive surgery and related medical devices is contributing to the growth of the market. In addition, favorable government policies in the region are supporting the growth of the market.

Competitive Landscape:

Key players in the industry are investing in research and development (R&D) activities to innovate and improve their specimen retrieval systems. They are also focusing on developing new technologies, materials, and designs to enhance the efficiency, safety, and usability of their products. Additionally, companies are expanding their product portfolios by introducing a range of these systems with different sizes, shapes, and features, to cater to numerous surgical specialties. Apart from this, major manufacturers are engaging in collaborations with healthcare institutions, research organizations, and other medical device companies to gain valuable insights and enhance distribution networks, which is offering a positive market outlook.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Applied Medical Resources Corporation
• B. Braun AG
• CONMED Corporation
• Johnson & Johnson
• LaproSurge
• Medtronic plc
• Purple Surgical
• Teleflex Incorporated
   

Specimen Retrieval Market Report Scope:

Key Questions Answered in This Report:

• How has the global specimen retrieval market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global specimen retrieval market?
• What is the impact of each driver, restraint, and opportunity on the global specimen retrieval market?
• What are the key regional markets?
• Which countries represent the most attractive specimen retrieval market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the specimen retrieval market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the specimen retrieval market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the specimen retrieval market?
• What is the competitive structure of the global specimen retrieval market?
• Who are the key players/companies in the global specimen retrieval market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the specimen retrieval market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global specimen retrieval market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the specimen retrieval industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.