Laparoscopic Retrieval Bag Market Size, Share & Trends Analysis Report By Type (Detachable, Non-detachable), By Technique (Manual Opening, Automatic Opening), By Surgeries (Bariatric, Urological, Gynecological, General), By End Use, And Region Forecasts,

Laparoscopic Retrieval Bag Market Size, Share & Trends Analysis Report By Type (Detachable, Non-detachable), By Technique (Manual Opening, Automatic Opening), By Surgeries (Bariatric, Urological, Gynecological, General), By End Use, And Region Forecasts, 2024 - 2030

Laparoscopic Retrieval Bag Market Growth & Trends

The global laparoscopic retrieval bag market size is anticipated to reach USD 611.84 million by 2030, registering a CAGR of 6.98% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the growing competition among the market participants, the growing preference for minimally invasive laparoscopic surgery, and the increasing aging population. Moreover, the rising focus of industry players for product approvals and expanding presence into numerous developed countries like the UK is anticipated to propel the market growth in the coming years.

The growing expansions in regional markets and increasing approvals for the market products are significant driving factors for the laparoscopic retrieval bag market. For instance, in March 2022, Applied Medical Resources Corporation, a key industry player, received approval from the U.S. FDA for its Alexis Contained Extraction System. This product is used for containing and isolating tissue during surgical removal via an abdominal or vaginal approach. This increasing support from regulatory authorities is expected to increase the availability of laparoscopic retrieval bags in numerous countries, which is anticipated to boost the market growth in the coming years.

In addition, multiple studies are currently assessing the effectiveness of retrieval bags in various laparoscopic procedures. For example, a study published in the JOURNAL OF POPULATION THERAPEUTICS AND CLINICAL PHARMACOLOGY in November 2023 compared the incidence of port site infection between two patient groups. Group A utilized an endo bag during laparoscopic cholecystectomy for gallbladder removal, while Group B did not use an endo bag for gallbladder retrieval. The study found that the incidence of port site infection was lower in patients for whom an endo bag was used compared to those without it. As a result, the positive findings from these clinical studies are expected to drive the demand for laparoscopic retrieval bags, contributing to market growth.

Laparoscopic Retrieval Bag Market Report Highlights

• Based on type, in 2023, the detachable retrieval bags segment dominated the market due to increasing demand for safe specimen removal in cancer treatment. In addition, the segment is also anticipated to witness the fastest growth, with a CAGR of 7.92% over the forecast period.
• Based on technique, the manual opening segment dominated the market in 2023. On the other hand, the automatic opening segment is anticipated to grow fastest in the coming years.
• Based on surgeries, the other surgeries segment held the largest revenue share of around 21.61% in the market in 2023. In contrast, the bariatric surgery segment is expected to grow fastest, with the highest CAGR over the forecast period.
• Based on the end-user, the hospital segment dominated the market and accounted for a revenue share of 63.52% in 2023. On the other hand, the ambulatory surgical centers segment is anticipated to grow fastest over the forecast period.
• North America accounted for the largest revenue share of 37.99% whereas Asia pacific is projected to grow fastest in the coming years.

Please note The report will be delivered in 2-3 business days upon order notification.