Laparoscopic Retrieval Bags Market Size

Laparoscopic Retrieval Bags Market Analysis

The laparoscopic retrieval bags market is projected to register a CAGR of 4.1% during the forecast period.

The onset of the COVID-19 pandemic considerably impacted the studied market. Initially, global surgeries were hampered due to the increased risk of infection among patients with comorbidities. Due to the closure of hospitals and clinics, including manufacturing sites, the demand for surgical devices decreased. This marginally impeded the growth of the market. However, the adoption of laparoscopic surgeries increased for various applications following favorable research that advised few guidelines to follow while performing surgeries to reduce infection and transmission. For instance, according to an article published in the Journal of Laparoendoscopic and Advanced Surgical Techniques in April 2021, scientists who conducted an observational study among the total population found that 70.83% of males and 29.16% of females required urgent laparoscopic surgery for acute cholecystitis and complications related to acute cholecystitis during the pandemic. Thus, such instances argue that several laparoscopic procedures continued following all the regulations during the later phase of the pandemic. Additionally, currently, with the global situation coming to pre-COVID levels, the demand for laparoscopic surgeries is also increasing, which is augmenting the growth of laparoscopic retrieval bags (LRBs) used during surgeries.

The growing prevalence of various lifestyle-associated chronic diseases such as urological disorders, gastrointestinal (GI) disorders, and cancer, and increasing emphasis on patient safety during complicated surgeries are some of the factors expected to drive the overall market growth.

GI disorders are increasing globally and are creating demand for minimally invasive surgeries (MIS) or laparoscopic surgeries. For instance, as per the February 2022 update by WHO, 1.93 million new cases of colon and rectum cancers were diagnosed globally in 2020. As per the source above, colon cancer is one of the most common cancers in the world. Hence, the high burden of colon cancer creates demand for laparoscopic surgeries and is expected to create opportunities for LRBs used during the procedures. This is expected to contribute to market growth.

Additionally, the LRBs are also widely adopted for other MIS, including cholecystectomy, hysterectomy, oophorectomy, and hernia repair. For instance, during a pelvic examination or on an imaging test, such as a pelvic ultrasound, an ovarian cyst may be discovered. Cyst removal is necessary depending on its size or its nature- if it's cancerous or not. According to an August 2022 update by the Mayo Foundation for Medical Education and Research (MFMER), cyst removal surgery can often be done using MIS. This is further likely to increase the demand for LRBs used during surgeries, thereby contributing to market growth.

However, a lack of awareness about the target diseases in developing nations and the high cost of the retrieval bags available in the market may hinder the market growth during the analysis period.