Specimen Retrieval Market Size, Share, Growth Analysis, By Bag Size(5 mm, 10 mm, 15 mm, and 25 mm), By Product type(Detachable and Non-detachable), By baby safety & convenience(Gynecology, Urology, Gastrointestinal Surgery, and Others (Cardiovascular), By End-user(Hospitals, Ambulatory Surgical Centers, and Nursing Homes), By Region - Industry Forecast 2024-2031

Global Specimen Retrieval Market size was valued at USD 276.42 million in 2022 and is poised to grow from USD 290.24 million in 2023 to USD 428.82 million by 2031, growing at a CAGR of 5% during the forecast period (2024-2031).

The global specimen retrieval market is experiencing notable growth driven by advancements in minimally invasive surgical techniques and the increasing prevalence of conditions requiring tissue or organ extraction. Surgeons are increasingly adopting minimally invasive procedures, such as laparoscopy and robotic-assisted surgeries, which demand efficient specimen retrieval solutions. These technologies reduce patient trauma, minimize recovery times, and enhance overall surgical outcomes.

Additionally, rising awareness regarding the benefits of early disease diagnosis and the need for accurate pathological examination of extracted specimens further propels market expansion. Manufacturers are actively developing innovative retrieval devices, including specimen retrieval bags and retrieval kits, to cater to the evolving demands of the healthcare industry, enhancing patient care and surgical precision.

However, regulatory compliance and quality assurance challenges remain significant considerations for market players seeking global market penetration.

US Specimen Retrieval Market is poised to grow at a sustainable CAGR for the next forecast year.