Transparency Market Research (TMR) has published a new report titled, “Laparoscopic Retrieval Bags Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global laparoscopic retrieval bags market was valued at US$ 151 Mn in 2017 and is projected to expand at a CAGR of 6.8% from 2018 to 2026. Rise in prevalence of gynecological diseases across the globe and technological advancements, such as automatic laparoscopic retrieval bags, are anticipated to boost the growth of the global market during the forecast period. According to the Cleveland Clinic Foundation, 5% to 10% women undergo surgical exploration for ovarian cysts in their lifetime in the U.S. and 13% to 21% of these cysts are malignant. North America and Europe are expected to dominate the global laparoscopic retrieval bags market from 2018 to 2026.

This is attributed to rise in demand for minimally invasive surgery for urology and gynecological disorder treatments, favorable medical reimbursement policies, and rapid increase in the geriatric population. Asia Pacific is likely to account for significant share of the global market by 2026. This is due to surge in the number of cholecystectomy surgeries in highly populated countries such as India and China, large geriatric population in Japan, and rise in adoption of technologically advanced products in Japan, Australia, New Zealand, and South Korea. Rise in adoption of technologically advanced products is likely to propel the global laparoscopic retrieval bags market. The market in Asia Pacific is expected to expand at a high CAGR from 2018 to 2026.

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• Increase in Demand for Minimally Invasive Surgeries to Propel Market

Demand for minimally invasive procedures is increasing due to benefits over open surgeries such as minimal bleeding, less risk of postoperative infection, fewer complications, shorter hospital stay, and early recovery. Increase in patient preference for minimally invasive procedures drives demand for laparoscopic retrieval bags. Surgeons have rapidly adopted minimally invasive surgical (MIS) techniques for a range of applications such as cholecystectomy, appendectomy, gastric bypass, ventral hernia repair, colectomy, prostatectomy, tubal ligation, hysterectomy, and myomectomy. Hence, rise in the number of minimally invasive surgeries and rapid changes in technology are expected to propel the global laparoscopic retrieval bags market during the forecast period.

• New Product Development and Launch in International Market: Key Trend among Leading Players

The report also provides profiles of leading players operating in the global laparoscopic retrieval bags market. Johnson & Johnson Services, Inc. (Ethicon US, LLC.), Teleflex Incorporated, The Cooper Companies Inc. (CooperSurgical Inc.), Medtronic, and Genicon, Inc. are the major players operating in the market. 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.