Laparoscopic Retrieval Bag Market
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Laparoscopic Retrieval Bag Market size was valued at around USD 230.6 million in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032. This robust market growth can be attributed to various factors, including continuous advancements in surgical techniques, an increasing prevalence of chronic diseases, a rising demand for minimally invasive procedures, and the continual growth of healthcare expenditure.
Laparoscopic retrieval bag is a medical device used during laparoscopic or minimally invasive surgical procedures to retrieve and remove tissue specimens, organs, or foreign bodies from the body cavity without contaminating the surgical site or causing trauma to surrounding tissues.
The increasing prevalence of chronic diseases and health problems, including obesity, gastrointestinal disorders, urological diseases, and certain types of cancer requires surgical procedures for diagnosis, treatment, and management. Laparoscopic surgery offers less invasive alternatives to standard open operations for many of these diseases, resulting in greater demand for laparoscopic instruments and accessories such as retrieval bags. According to the World Gastroenterology Organisation, approximately 49% of females and 36.6% of men attained diagnosis for at least one functional gastrointestinal disorder.
Furthermore, rising healthcare expenditures, along with increasing procedure volumes worldwide, drives the growth of the laparoscopic retrieval bag market. Investments in healthcare infrastructure, technical improvements, and surgical training and education programs increase access to laparoscopic operations while boosting demand for laparoscopic tools and accessories, such as retrieval bags, thereby contributing to the growth of the market.
Report Attribute | Details |
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Base Year: | 2023 |
Laparoscopic Retrieval Bag Market size in 2023: | USD 230.6 Million |
Forecast Period: | 2024 – 2032 |
Forecast Period 2023 - 2032 CAGR: | 5.2 |
2023 Value Projection: | USD 376 Million |
Historical Data for: | 2018 – 2023 |
No of Pages: | 110 |
Tables, Charts & Figures: | 257 |
Segments Covered: | Product, Technique, Application, End-use, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological advancements in surgical techniques, growing preference for disposable laparoscopic retrieval bags, rising demand for minimally invasive surgery, and expanding applications across surgical specialties, among other factors are propelling the industry growth.
The market, by product is categorized into non-detachable retrieval bags and detachable retrieval bags. The non-detachable retrieval bags segment garnered USD 150.9 million revenue in 2023.
Based on technique, the laparoscopic retrieval bag market is segmented into manual opening and automatic opening. The manual opening segment accounted for over 74% business share in 2023 and is anticipated to witness significant growth during the forecast period.
Based on application, the laparoscopic retrieval bag market is segmented into gynecology, urology, general surgery, and other applications. The gynecology segment dominated the market and accounted for over 47.5% business share in 2023 and is anticipated to witness significant growth during the forecast period.
The laparoscopic retrieval bag market by end-use is categorized into hospitals, ambulatory surgical centers, and other end-users. The hospitals segment accounted for around USD 139.1 million revenue size in 2023.
North America laparoscopic retrieval bag market accounted for USD 97.3 million revenue in 2023 and is predicted to witness substantial market growth.
The laparoscopic retrieval bag industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including B. Braun Melsungen AG, CONMED Corporation, Johnson & Johnson, Medtronic plc, SHENZEN MINDRAY BIO MEDICAL ELECTRONICS CO., LTD., among others have a notable presence in the market.
Some of the eminent market participants operating in the laparoscopic retrieval bag industry include:
Market, By Product
Market, By Technique
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries:
B. Braun Melsungen AG, CONMED Corporation, Johnson & Johnson, Medtronic plc, SHENZEN MINDRAY BIO MEDICAL ELECTRONICS CO., LTD., Stapleline Medizintechnik GmbH, Teleflex Incorporated, The Cooper Companies, Inc., Veol Medical Technologies are some of the major industry contenders.
North America laparoscopic retrieval bag industry accounted for USD 97.3 million in 2023 and is predicted to witness substantial growth through 2032, driven by medical device innovation and technology development in the region.
Laparoscopic retrieval bag industry was valued at around USD 230.6 million in 2023 and is estimated to reach over USD 376 million by 2032, attributed to continuous advancements in surgical techniques and increasing prevalence of chronic diseases.
The non-detachable laparoscopic retrieval bags segment garnered USD 150.9 million in 2023 and is poised to grow rapidly through 2032, as they offer enhanced safety and specimen containment during laparoscopic procedures.