Laparoscopic Retrieval Bags Market – Snapshot

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 for several years. However, presently, these are widely adopted for other minimally invasive form of surgeries including cholecystectomy, hysterectomy, oophorectomy, and hernia repair. The conventional methods of specimen removal such as mechanical morcellation were risky, as there was a risk of spreading hazardous material from the tissues to be removed to the other healthy tissues. Hence, the FDA suggested use of additional bag and to morcellate the tissues in it to prevent cross contamination. Surgical procedures are witnessing a shift toward less invasive treatment methods. Technologies such as minimally invasive surgery and robotic surgery are being rapidly adopted. Rise in demand for minimally invasive surgery and non-invasive treatment devices and new product launches are projected to propel the global laparoscopic retrieval bags market during the forecast period. Efforts are being taken in various countries to spread awareness about chronic diseases and advantages of minimal invasive surgeries among the general population. According to the Urologic Diseases in America (UDA) project, around US$ 11 Bn is spent by the population of the U.S., annually, for the treatment and management of urological diseases.

laparoscopic retrieval bags market

The global laparoscopic retrieval bags market has been segmented based on opening technique, deployment system, application, end-user, and region. In terms of application, the market has been classified into cholecystectomy, hysterectomy & oophorectomy, appendectomy, sleeve gastrectomy, hernia repair, and others. The cholecystectomy segment dominated the market in 2017. The segment is projected to expand at a high CAGR from 2018 to 2026. Sleeve gastrostomies have witnessed rapid adoption and are replacing gastric banding procedures owing to lower price and better results. Hence, the sleeve gastrectomy segment is anticipated to grow at a rapid pace and expected to gain market share during the forecast period. In terms of deployment system, the non-detachable retrieval bags segment dominated the market in 2017. Increase in adoption of laparoscopic procedures in the emerging markets is likely to drive demand for cost effective options of retrieval bags. This in turn is projected to boost the growth of the segment from 2018 to 2026.

Based on end-user, the global laparoscopic retrieval bags market has been categorized into hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment accounted for major share of the global market in 2017, followed by the ambulatory surgical centers, clinics, and others segments. Increase in the number of multinational hospitals with advanced surgery techniques and adoption of technologically advanced laparoscopic retrieval bags are projected to drive the hospitals segment during the forecast period.

In terms of region, the global laparoscopic retrieval bags market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for significant share of the global market in 2017, followed by Europe. Well-established health care facilities, favorable reimbursement policies, and early adoption of technologically advanced products for the management of surgeries contributed to North America’s high market share. Europe is projected to be the second-most attractive market for laparoscopic retrieval bags from 2018 to 2026. The market in the region is anticipated to expand at a high CAGR during the forecast period, due to high prevalence and increase in incidence of urinary and gastrointestinal disorders and high per capita health care expenditure in the region.

The global laparoscopic retrieval bags market is consolidated, with a number of companies accounting for majority market share. Key players operating in the global market include Johnson & Johnson Services, Inc. (Ethicon US, LLC.), Teleflex Incorporated, The Cooper Companies, Inc. (CooperSurgical, Inc.), Medtronic, and Genicon, Inc. These players exhibit significant geographic outreach, with presence in multiple laparoscopic retrieval bags segments. Manufacturers are adopting acquisition & collaboration and new product development strategies to tap the unmet needs of a large proportion of patient pool. Other prominent players in the global laparoscopic retrieval bags market include Applied Medical Resources Corporation, MetroMed Healthcare CO., LTD., LaproSurge, Richard Wolf GmbH, B. Braun Melsungen AG, and Vernacare.

Laparoscopic Retrieval Bags Market – Overview

This report studies the current as well as future prospects of the global laparoscopic retrieval bags market. Stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, and provision of laparoscopic retrieval bags and new players planning to enter the market. The report comprises an elaborate executive summary, along with a market snapshot, providing overall information on various segments considered in the scope of the study. The section also provides information and data analysis of the global laparoscopic retrieval bags market in terms of opening technique, deployment system, application, end-user, and region.

The global laparoscopic retrieval bags market has been segmented based on opening technique, deployment system, application, end-user, and region. In terms of application, the global market has been classified into cholecystectomy, hysterectomy & oophorectomy, appendectomy, sleeve gastrectomy, hernia repair, and others. Based on deployment system, the global laparoscopic retrieval bags market has been bifurcated into detachable retrieval bags and non-detachable retrieval bags. In terms of opening technique, the global market has been categorized into manual opening and automatic opening. Based on end-user, the global laparoscopic retrieval bags market has been divided into hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment is expected to dominate the global laparoscopic retrieval bags market during the forecast period.

Bottom-up approach has been employed to determine the size of the global laparoscopic retrieval bags market, using various market indicators obtained from secondary sources, which included analysis of launched products and mapping of demand for laparoscopic retrieval bags of top market players in specific regions. Top-down approach has been used to derive the market size of different product segments, wherein market size of parent market was obtained through secondary sources and analyzed for sales by narrowing down to revenue percentage for product segment through extensive analysis of investor presentations, press releases, primary interviews, and others. Data triangulation is based on both secondary research (top-down and bottom-up approaches) and primary research. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. Market value and forecast, in terms of US$ Mn, for each segment has been provided for the period from 2016 to 2026. The report also provides compound annual growth rate (CAGR %) for each segment for the forecast period from 2018 to 2026, considering 2017 as the base year.

The overview section of the report explores market dynamics such as drivers, restraints, opportunities, and key trends that have significant impact on the global laparoscopic retrieval bags market and could influence it in the near future. Market attractiveness analysis has been provided to explain the intensity of competition in the market across regions. These analyses are likely to help market players take strategic decisions to strengthen their positions and grow their share in the global laparoscopic retrieval bags market. The report also comprises price analysis and technological advancement in laparoscopic retrieval bags.

In terms of region, the global laparoscopic retrieval bags market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market size and forecast for each of these regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The report also provides market size and forecast for major countries in the above mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market and growth opportunities has been provided in the overview section.

Major players operating in the global laparoscopic retrieval bags market are Johnson & Johnson Services, Inc. (Ethicon US, LLC.), Teleflex Incorporated, The Cooper Companies, Inc. (CooperSurgical, Inc.), Medtronic, Applied Medical Resources Corporation, MetroMed Healthcare CO., LTD., LaproSurge, Richard Wolf GmbH, B. Braun Melsungen AG, Vernacare, and Genicon, Inc.

The global laparoscopic retrieval bags market has been segmented as follows:

Global Laparoscopic Retrieval Bags Market, by Opening Technique

  • Manual Opening
  • Automatic Opening

Global Laparoscopic Retrieval Bags Market, by Application

  • Cholecystectomy
  • Hysterectomy & Oophorectomy
  • Appendectomy
  • Sleeve Gastrectomy
  • Hernia Repair
  • Others

Global Laparoscopic Retrieval Bags Market, by Deployment System

  • Detachable Retrieval Bags
  • Non-detachable Retrieval Bags

Global Laparoscopic Retrieval Bags Market, by End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Others

Global Laparoscopic Retrieval Bags Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
.