Laparoscopic Retrieval Bags Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented By Type (Detachable Retrieval Bags, Non-detachable Retrieval Bags), Technique, Application and Geography.

Market Snapshot

cagr
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.1 %

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Market Overview

The global laparoscopic retrieval bags market is projected to expand at a CAGR of 4.1% by 2025. Growing prevalence of various lifestyle associated chronic diseases such as urological disorders & cancer and increasing emphasis on patient safety during complicated surgeries are some of the factors expected to drive the overall market growth. According to the World Health Organization, Globally, UTIs affect around 150 million people every year and around 50% of women suffer from UTI at some point in their lives. This is contributing to the growth of this market.

The requirement of laparoscopic retrieval bags for surgeries is mounting due to the growing occurrence of chronic diseases worldwide. They are critical during laparoscopic surgeries as it morcellate the tissues inside it to prevent cross-contamination during surgery by reducing intervention time and risk. These bags are widely adopted for other minimally invasive forms of surgeries including cholecystectomy, hysterectomy, oophorectomy, and hernia repair. Thus, the boarder range of applications of these bags governs market growth.

The tendency of the older population being prone to diseases such as urinary incontinence and increasing geriatric population base is likely to augment market demand. Government bodies play a critical part in the growth of the product market as they facilitate increase in demand by spending in health infrastructure, crafting improved reimbursement packages, setting competitive prices and encouraging research and development. Improvements in medical standards & facilities, changing technological trends are factors expected to promote growth in this market.

However, lack of awareness about target disease in the developing nations may restrict the market.

Scope of the Report

As per the scope of the report, laparoscopic retrieval bags are used to collect specimen such as adnexal cysts, benign cysts, or other tissue masses and perform in-bag morcellation, while avoiding spillage and contamination to other organs. Laparoscopic specimen retrieval bags have been used in gynecological surgeries. Laparoscopic retrieval bags market is segmented by type, technique, application and geography.

By Type
Detachable Retrieval Bags
Non-detachable Retrieval Bags
By Technique
Manual Opening
Automatic Opening
By Application
Gastrointestinal Surgeries
Gynecological Surgeries
Urological Surgeries
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of World

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Key Market Trends

Non-Detachable Specimen Retrieval Bags Segment Is Expected To Maintain Its Dominance Over The Forecast Period.

  • Non-detachable specimen retrieval bags segment is expected to dominate the global laparoscopic retrieval bags market through the forecast period. This is mainly attributed to their high preference among surgeons, as they can be used multiple times in a single procedure. The bag stays attached to the deployment device to enable the bag to be closed and reopened, allowing multiple use during the same laparoscopic procedure. The rigid delivery device provides additional strength during the extraction of the bag from the abdominal cavity. The aforementioned factors are expected to aid the growth of the segment.
  • Additionally, Urological surgeries by application segment is expected to witness substantial growth over forecast period owing to the upsurge in the number of patients suffering from urology-related disorders coupled with rising preference for minimally-invasive surgeries. According to the American Urological Association Foundation, urinary incontinence, urinary tract infections, benign prostatic hyperplasia and lower urinary tract symptoms are among the most common urological diseases. Around 50% of men aged 40 and older have BPH. These factors are expected to drive the demand for urological surgeries segment.
trend

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The North America Dominates the Market and is Expected to Continue the Same during the Forecast Period

North American region held the largest share in 2019 and is expected to maintain its dominance over the forecast period. The adoption of laparoscopic retrieval bags in the region is high owing to rising acceptance of innovative healthcare technologies, high disease prevalence, better reimbursement policies, and increasing investments for improving healthcare infrastructure. For instance, according to the NCBI, currently, 50% of the patients in the U.S. are suffering from urolithiasis. Rising technical advancements in the treatment of clinical application is driving the market growth in the region.

Asia Pacific is expected to register the highest CAGR over the forecast period due to the increasing number of people suffering from target disease and the subsequent rise in laparoscopic procedures in the region. According to the NCBI, 19% of the Asian population suffers from urolithiasis, wherein males are more likely to develop this condition due to the formation of genetic mutations, dietary habits, and various climatic factors. In addition, less fluid intake, as well as climatic factors (hot temperature and high exposure to the sun), increase the risk of developing urology-related problems. Thus, increasing instances of targeted conditions drives the growth of the market.

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Competitive Landscape

The market for laparoscopic retrieval bags is moderately competitive and consists of the global as well as local players. The healthcare infrastructure in emerging economies is gaining momentum, thereby proposing lucrative prospects for the leading vendors of the industry. The soaring demand for superior technology and sophisticated tools, together with laparoscopic retrieval bags that support various medical procedures during treatments is expected to open new avenues for competing participants. Some of the companies which are currently present in the market are Medtronic, Johnson & Johnson, Richard Wolf GmbH, LaproSurge and Vernacare. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand for Minimally Invasive Surgery

      2. 4.2.2 Growing Burden of Urological Disease

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Awareness about Target Disease

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Detachable Retrieval Bags

      2. 5.1.2 Non-detachable Retrieval Bags

    2. 5.2 By Technique

      1. 5.2.1 Manual Opening

      2. 5.2.2 Automatic Opening

    3. 5.3 By Application

      1. 5.3.1 Gastrointestinal Surgeries

      2. 5.3.2 Gynecological Surgeries

      3. 5.3.3 Urological Surgeries

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Rest of World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Applied Medical Resources Corporation

      2. 6.1.2 Changzhou Wick Medical Equipment Co., Ltd.

      3. 6.1.3 Johnson & Johnson

      4. 6.1.4 Lagis Enterprise

      5. 6.1.5 LaproSurge

      6. 6.1.6 Medtronic

      7. 6.1.7 Richard Wolf GmbH

      8. 6.1.8 Unimicro Medical Systems

      9. 6.1.9 Vernacare

      10. 6.1.10 Zhejiang Geyi Medical Instrument Co.,Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The undefined market is studied from 2018 - 2026.

The undefined is growing at a CAGR of 4.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Johnson & Johnson , Medtronic, Richard Wolf GmbH , LaproSurge, Vernacare are the major companies operating in undefined.

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