Laparoscopic Retrieval Bag Market Is Expected To Reach $ 756.03 Million By 2030

 San Francisco, 23 Aug 2024: The Report Laparoscopic Retrieval Bag Market Size, Share & Trends Analysis Report By Type (Detachable, Non-detachable), By Technique, By Surgeries, By End Use, By Region And Segment Region Forecasts, 2024 - 2030

The global laparoscopic retrieval bag market size is anticipated to reach USD 756.03 million by 2030, growing at a CAGR of 6.97% 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 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.

Access Research Report of Laparoscopic Retrieval Bag Market @ https://www.grandviewresearch.com/industry-analysis/laparoscopic-retrieval-bags-market-report

Laparoscopic Retrieval Bag Market Report Highlights

• Based on type, the non-detachable retrieval bags segment dominated the market in 2023. However, the detachable retrieval bags segment is anticipated to witness the fastest growth, with a CAGR of 7.99% from 2024 to 2030.
• Based on technique, the manual opening segment dominated the market in 2023. On the other hand, the automatic opening segment is anticipated to grow at the fastest CAGR from 2024 to 2030.
• Based on surgeries, the other surgeries segment held the largest revenue share of around 21.72% in 2023. In contrast, the bariatric surgery segment is expected to grow at the highest CAGR from 2024 to 2030.
• Based on end use, the hospital segment dominated the market and accounted for a revenue share of 63.45% in 2023. On the other hand, the ambulatory surgical centers segment is anticipated to grow fastest from 2024 to 2030.
• North America accounted for the largest revenue share of 44.86% whereas Asia pacific is projected to grow fastest from 2024 to 2030.

Laparoscopic Retrieval Bag Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 504.54 million
Revenue forecast in 2030	USD 756.03 million
Growth rate	CAGR of 6.97% from 2024 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030

List of Key Players in the Laparoscopic Retrieval Bag Market

• Ethicon US, LLC. (Johnson & Johnson Services, Inc.)
• Teleflex Incorporated
• Vernacare Ltd. (H.I.G. Capital, LLC)
• Applied Medical Resources Corporation
• Veol Medical Technologies
• Medtronic
• CONMED Corporation
• Braun SE
• Welfare Medical Ltd.
• Shenzhen Mindray Bio-Medical Electronics Co.

Access Press Release of Laparoscopic Retrieval Bag Market @ https://www.grandviewresearch.com/press-release/global-laparoscopic-retrieval-bag-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon