Europe Specimen Retrieval Market

Europe Specimen Retrieval Market Size (2023 to 2028)

The specimen retrieval market size in Europe is expected to be worth USD 139.4 million by 2028 from USD 112.3 million in 2023, growing at a CAGR of 4.41% from 2023 to 2028.

The growing demand for laparoscopic surgery primarily drives the growth of the Europe specimen retrieval market. Laparoscopy surgeries, known for their minimally invasive nature, offer numerous advantages such as shorter procedure times, reduced hospital stays, and minimal scarring. These surgeries enable the diagnosis and treatment of various conditions within the abdomen and pelvis. Specimen retrieval bags play a crucial role in laparoscopic procedures by facilitating the safe removal of damaged or diseased organs, as well as collecting tissue samples for biopsy. They are particularly useful in avoiding spillage and contamination of the retrieval specimen in the abdominal cavity. Laparoscopic procedures are employed in a wide range of applications, including cyst and fibroid removal, tumor excision, gallstone removal, urological surgeries, and gynecological procedures such as myoma removal. The prevalence of myoma, a common cause of tumor formation in women, is high in Germany, affecting approximately 80% of women at some stage of their lives.

The continuous advancements in surgical procedures for diverse medical conditions contribute to the growing demand for specimen retrieval systems in Europe and propel the European market growth. Robotic surgery is increasingly utilized for gastrointestinal issues, thereby driving the need for efficient specimen retrieval systems in such procedures. Manufacturers and researchers are dedicated to developing a wide range of retrieval systems tailored to address specific anatomical requirements. Furthermore, increasing support from the governments of European countries, growing investments from the pharmaceutical sector and the approval of innovative retrieval systems further bolster the European market growth.

The high cost of specimen retrieval systems is one of the major factors hampering the growth of the Europe specimen retrieval market. Factors such as the scarcity of skilled professionals, limited awareness regarding specimen retrieval systems and lengthy approval processes for novel systems further inhibit the growth rate of the European market. Complications associated with the use of these systems in laparoscopic procedures include irritation, infections, and wounds hinder the European market growth.

This research report on the Europe specimen retrieval market has been segmented and sub-segmented into the following categories.

By Type:

• Detachable
• Non-detachable

By Introducer Size:

• 5/8 mm
• 10 mm
• 12/15 mm
• 25 mm

By Application:

• Gastrointestinal Surgeries
• Urological Surgeries
• Gynecological Surgeries
• Other Applications (cardiovascular and bariatric surgeries)

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Nursing Homes
• Others

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

The European region captured a notable share of the global market in 2022 and is estimated to grow at a healthy CAGR during the forecast period. Germany is predicted to hold the leading share of the European market during the forecast period owing to the growing geriatric population and the rising prevalence of chronic diseases. Factors such as lifestyle changes, sedentary habits, alcohol and tobacco consumption, and unhealthy diets contribute to the onset of chronic diseases among the population. Hormonal changes, genetic factors, and exposure to environmental pollutants further contribute to disease incidence. The increasing application of specimen retrieval systems and the growing number of mergers and partnerships drive the German market growth. The presence of robust manufacturing facilities and an increasing number of awareness programs targeting rural women by the public and private organizations focusing on laparoscopic surgeries to address gynecological issues before and after marriage. The rapid adoption of specimen retrieval systems by hospitals and specialized care clinics boosts the German market growth.

The UK is expected to hold a considerable share of the European specimen retrieval market during the forecast period owing to the establishment of clinical trial centers and training facilities for healthcare providers to enhance their proficiency in using specimen retrieval systems during surgical procedures. The availability of health insurance policies and supportive healthcare regulations further contribute to the growth of the UK market.

KEY MARKET PLAYERS:

Companies playing a notable role in the European specimen retrieval market are Medtronic, Johnson & Johnson, Applied Medical, Teleflex Incorporated and CONMED Corporation.