Market Overview:
The global specimen retrieval market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer, technological advancements in specimen retrieval devices, and rising demand for minimally invasive surgeries. Based on type, the global specimen retrieval market is segmented into detachable and non-detachable devices. The detachable device segment is expected to grow at a higher CAGR than the non-detachable device segment during the forecast period. This can be attributed to the advantages offered by detachable devices such as easy handling and disposal of specimens after use. Based on application, hospitals accounted for majority share of the global specimen retrieval market in 2017 owing to increasing number of surgical procedures performed in hospitals across globe.
Product Definition:
The definition of specimen retrieval is the process of obtaining a biological sample from a patient. The importance of specimen retrieval is that it allows for the diagnosis and treatment of diseases.
Detachable:
The detachable is a device used to remove the scalp from the body during medical examination or surgery. It's major application includes specimen retrieval, especially in emergency cases such as blood loss or accidently cut off blood vessels. The product also finds its use in cosmetic surgeries and other non-invasive procedures like biopsy removal.
Non-detachable:
Non-detachable refers to a retrieval device that is used to obtain biological samples from patients without compromising the integrity of the clinical procedure. It helps in minimizing contamination risk and provides for safe, hygienic and efficient sample collection. The product also offers benefits such as cost efficiency, ease of use and portability which are expected to drive market growth over the forecast period.
Application Insights:
Based on application, the global specimen retrieval market is segmented into hospitals, ambulatory surgical centers, and other healthcare facilities. The other facilities include laboratories, imaging centers and others. The other facility segment held the largest share of approximately 60% in 2017 owing to its increasing usage in various settings including emergency departments (EDs), urgent care clinics, walk-in clinics and medical offices. Specimen collection from these settings is critical as it needs to be done within a short period of time without compromising with quality or safety.
Regional Analysis:
North America dominated the specimen retrieval device market in 2016 owing to factors such as favorable reimbursement scenario, high healthcare expenditure and presence of well-established healthcare facilities. The U.S. is one of the most developed countries when it comes to medical specimens management and has a strong network of hospitals that use specimen retrieval devices for efficient patient care.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to increasing government initiatives for improving healthcare infrastructure, rising awareness about advanced technologies among physicians & surgeons, growing demand for quality medical services & products and availability of affordable treatment options are some other factors driving growth in this region (1). In addition, economic development coupled with improvement in living standards has led people from developing countries like India & China to migrate overseas which increases their chances of getting infected with various diseases like cancer or HIV/AIDS resulting into increased demand for specimen collection devices (2).
Growth Factors:
- Increasing demand for personalized medicine
- Rising prevalence of chronic diseases
- Technological advancements in specimen retrieval systems
- Growing number of clinical laboratories and diagnostic centers
- Increasing awareness about the benefits of early diagnosis
Scope Of The Report
Report Attributes
Report Details
Report Title
Specimen Retrieval Market Research Report
By Type
Detachable, Non-detachable
By Application
Hospitals, Ambulatory Surgical Centers, Nursing Home
By Companies
Johnson & Johnson Services, Teleflex Incorporated, Applied Medical Resources Corporation, CONMED Corporation, Cooper Surgical, Genicon, B. Braun Melsungen, Laprosurge, Purple Surgical, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Specimen Retrieval Market Report Segments:
The global Specimen Retrieval market is segmented on the basis of:
Types
Detachable, Non-detachable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Nursing Home
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson Services
- Teleflex Incorporated
- Applied Medical Resources Corporation
- CONMED Corporation
- Cooper Surgical
- Genicon
- B. Braun Melsungen
- Laprosurge
- Purple Surgical
- Medtronic
Highlights of The Specimen Retrieval Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Detachable
- Non-detachable
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Nursing Home
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Specimen Retrieval Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Specimen retrieval is the process of retrieving specimens from a patient or crime scene.
Some of the major companies in the specimen retrieval market are Johnson & Johnson Services, Teleflex Incorporated, Applied Medical Resources Corporation, CONMED Corporation, Cooper Surgical, Genicon, B. Braun Melsungen, Laprosurge, Purple Surgical, Medtronic.
The specimen retrieval market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Specimen Retrieval Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Specimen Retrieval Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Specimen Retrieval Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Specimen Retrieval Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Specimen Retrieval Market Size & Forecast, 2018-2028
4.5.1 Specimen Retrieval Market Size and Y-o-Y Growth
4.5.2 Specimen Retrieval Market Absolute $ Opportunity
Chapter 5 Global Specimen Retrieval Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Specimen Retrieval Market Size Forecast by Type
5.2.1 Detachable
5.2.2 Non-detachable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Specimen Retrieval Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Specimen Retrieval Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Nursing Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specimen Retrieval Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Specimen Retrieval Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Specimen Retrieval Analysis and Forecast
9.1 Introduction
9.2 North America Specimen Retrieval Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Specimen Retrieval Market Size Forecast by Type
9.6.1 Detachable
9.6.2 Non-detachable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Specimen Retrieval Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Nursing Home
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Specimen Retrieval Analysis and Forecast
10.1 Introduction
10.2 Europe Specimen Retrieval Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Specimen Retrieval Market Size Forecast by Type
10.6.1 Detachable
10.6.2 Non-detachable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Specimen Retrieval Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Nursing Home
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Specimen Retrieval Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Specimen Retrieval Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Specimen Retrieval Market Size Forecast by Type
11.6.1 Detachable
11.6.2 Non-detachable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Specimen Retrieval Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Nursing Home
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Specimen Retrieval Analysis and Forecast
12.1 Introduction
12.2 Latin America Specimen Retrieval Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Specimen Retrieval Market Size Forecast by Type
12.6.1 Detachable
12.6.2 Non-detachable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Specimen Retrieval Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Nursing Home
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Specimen Retrieval Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Specimen Retrieval Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Specimen Retrieval Market Size Forecast by Type
13.6.1 Detachable
13.6.2 Non-detachable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Specimen Retrieval Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Nursing Home
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Specimen Retrieval Market: Competitive Dashboard
14.2 Global Specimen Retrieval Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson Services
14.3.2 Teleflex Incorporated
14.3.3 Applied Medical Resources Corporation
14.3.4 CONMED Corporation
14.3.5 Cooper Surgical
14.3.6 Genicon
14.3.7 B. Braun Melsungen
14.3.8 Laprosurge
14.3.9 Purple Surgical
14.3.10 Medtronic
