Market Overview:
The global specimen retrieval and foreign-body removal market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing incidence of gastrointestinal (GI) disorders, rising demand for minimally invasive surgeries, and technological advancements in specimen retrieval and foreign-body removal devices. On the basis of type, the global specimen retrieval and foreign-body removal market is segmented into specimen retrieval devices and foreign-body removal devices. The specimen retrieval device segment is further subsegmented into forceps, baskets, clamps & dissectors, snare systems & accessories, others. The forceps segment accounted for the largest share of the global specimen retrieval device market in 2017 owing to its wide usage in various surgical procedures. On the basis of application, the global specimens retention andforeign bodyremovalmarketis dividedinto stomach applications,, gut applications,, other applications,.
Product Definition:
Specimen retrieval is the process of removing a tissue or fluid sample from the body for examination. A foreign-body removal is the surgical removal of a foreign object from within the body. The importance of specimen retrieval and foreign-body removal lies in their ability to diagnose and treat various medical conditions.
Specimen Retrieval Device:
The global specimen retrieval device, it's usage and growth factor in specimen retrieval and foreign-body removal market is expected to witness significant growth over the forecast period. The primary drivers of this market are increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, gastrointestinal disorders along with rising demand for early diagnostic procedures. Moreover growing number of surgical procedures globally has also led to an increase in demand for specimen retrieval devices which further propels the market during the forecast period.
Foreign-Body Removal Device:
A foreign-body removal device is a tool that is used for the purpose of removing small, medium or large objects from the body. The most commonly used devices are hollow needles, forceps and retrieval syringes. These devices are generally made up of stainless steel or titanium and come in various sizes depending upon the application. Some of these devices also have attached vacuum pump to clear out any residual object present inside the body cavity which helps in better visualization during surgery.
Application Insights:
The stomach specimen retrieval application segment dominated the market in 2017. This is due to factors such as high prevalence of gastrointestinal disorders and a large number of diagnostic tests that require direct visualization of the interior parts of the body. The presence of key players such as Medtronic, GE Healthcare, and Teleflex Inc., who are engaged in developing advanced technology for better diagnosis contributed to its dominance over other application segments.
The gut specimen retrieval segment is expected to grow at a lucrative rate during the forecast period owing to increasing incidence rates for colorectal cancer and other lower GI cancers along with rising demand for diagnostic procedures that require removal or exploration of internal organs. Moreover, an increase in disposable income has led people from low-income groups towards adopting western lifestyles which may include regular visits to doctors¢â‚¬â„¢ offices for checkups & examinations; this factor is anticipated to fuel growth during future years too.
Regional Analysis:
North America dominated the market in 2017 owing to a high number of foreign-body removal procedures and retrieval devices used for various applications. The region is expected to maintain its dominance over the forecast period due to an increase in demand for minimally invasive surgeries, such as endoscopy and laparoscopy. In addition, increasing cases of obesity are also driving the need for specimen retrieval and removal devices in this region. For instance, according to data published by CDC’s National Center for Health Statistics (NCHS), from 2011 to 2014, around 34% population aged 18 years and above was suffering from obesity.
Asia Pacific is anticipated to grow at a lucrative rate during the forecast period owing with developing healthcare infrastructure coupled with rising medical tourism activities supported by low procedural costs involved in compared with developed regions like North America & Europe & Australia etc.).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The increasing demand for minimally invasive surgeries is one of the key growth drivers for the specimen retrieval and foreign-body removal market. Minimally invasive surgeries are less traumatic and result in shorter hospital stays as compared to traditional open surgery procedures. This has led to an increase in the number of surgical procedures being performed using minimally invasive techniques, which is driving the demand for specimen retrieval and foreign-body removal products and services.
- Technological advancements: The development of new technologies that facilitate safe and effective specimen retrieval and foreign-body removal is another key growth driver for this market. For example, recent advancements in laparoscopic technology have made it possible to remove even large specimens through small incisions, thus reducing patient trauma and recovery time. Such technological advances are likely to spur market growth over the next few years.
- Rising incidence of cancer: The rising incidence of cancer worldwide is a major factor contributing to the growth of the specimen retrieval and foreign-body removal market. Cancer patients often require surgery as part of their treatment regimen, which leads to an increase in demand for related products and services such as specimen retrieval systems and instruments used for removing foreign bodies from tissues or organs post surgery .
Scope Of The Report
Report Attributes
Report Details
Report Title
Specimen Retrieval and Foreign-Body Removal Market Research Report
By Type
Specimen Retrieval Device, Foreign-Body Removal Device
By Application
Stomach, Gut, Others
By Companies
US Endoscopy, Boston Scientific, CONMED, Olympus, Cook Medical, Diversatek Healthcare, Endo-Therapeutics, Medivators, Micro-Tech Endoscopy
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Specimen Retrieval and Foreign-Body Removal Market Report Segments:
The global Specimen Retrieval and Foreign-Body Removal market is segmented on the basis of:
Types
Specimen Retrieval Device, Foreign-Body Removal Device
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
Stomach, Gut, Others
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:
- US Endoscopy
- Boston Scientific
- CONMED
- Olympus
- Cook Medical
- Diversatek Healthcare
- Endo-Therapeutics
- Medivators
- Micro-Tech Endoscopy
Highlights of The Specimen Retrieval and Foreign-Body Removal 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:
- Specimen Retrieval Device
- Foreign-Body Removal Device
- By Application:
- Stomach
- Gut
- Others
- 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 and Foreign-Body Removal 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.
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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 and foreign-body removal are procedures used to remove objects from the body, such as hair, nails, or other foreign objects.
Some of the major players in the specimen retrieval and foreign-body removal market are US Endoscopy, Boston Scientific, CONMED, Olympus, Cook Medical, Diversatek Healthcare, Endo-Therapeutics, Medivators, Micro-Tech Endoscopy.
The specimen retrieval and foreign-body removal market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specimen Retrieval and Foreign-Body Removal Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Specimen Retrieval and Foreign-Body Removal Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specimen Retrieval and Foreign-Body Removal Market - Supply Chain
4.5. Global Specimen Retrieval and Foreign-Body Removal Market Forecast
4.5.1. Specimen Retrieval and Foreign-Body Removal Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specimen Retrieval and Foreign-Body Removal Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specimen Retrieval and Foreign-Body Removal Market Absolute $ Opportunity
5. Global Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Type
5.3.1. Specimen Retrieval Device
5.3.2. Foreign-Body Removal Device
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Application
6.3.1. Stomach
6.3.2. Gut
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Specimen Retrieval and Foreign-Body Removal Demand Share Forecast, 2019-2026
9. North America Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Application
9.4.1. Stomach
9.4.2. Gut
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Type
9.7.1. Specimen Retrieval Device
9.7.2. Foreign-Body Removal Device
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Specimen Retrieval and Foreign-Body Removal Demand Share Forecast, 2019-2026
10. Latin America Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Application
10.4.1. Stomach
10.4.2. Gut
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Type
10.7.1. Specimen Retrieval Device
10.7.2. Foreign-Body Removal Device
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Specimen Retrieval and Foreign-Body Removal Demand Share Forecast, 2019-2026
11. Europe Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Application
11.4.1. Stomach
11.4.2. Gut
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Type
11.7.1. Specimen Retrieval Device
11.7.2. Foreign-Body Removal Device
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Specimen Retrieval and Foreign-Body Removal Demand Share, 2019-2026
12. Asia Pacific Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Application
12.4.1. Stomach
12.4.2. Gut
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Type
12.7.1. Specimen Retrieval Device
12.7.2. Foreign-Body Removal Device
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Specimen Retrieval and Foreign-Body Removal Demand Share, 2019-2026
13. Middle East & Africa Specimen Retrieval and Foreign-Body Removal Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Specimen Retrieval and Foreign-Body Removal Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Application
13.4.1. Stomach
13.4.2. Gut
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Specimen Retrieval and Foreign-Body Removal Market Size and Volume Forecast by Type
13.7.1. Specimen Retrieval Device
13.7.2. Foreign-Body Removal Device
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Specimen Retrieval and Foreign-Body Removal Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Specimen Retrieval and Foreign-Body Removal Market: Market Share Analysis
14.2. Specimen Retrieval and Foreign-Body Removal Distributors and Customers
14.3. Specimen Retrieval and Foreign-Body Removal Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. US Endoscopy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boston Scientific
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CONMED
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Olympus
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cook Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Diversatek Healthcare
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Endo-Therapeutics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Medivators
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Micro-Tech Endoscopy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
