China Laparoscopic Retrieval Bag Market Size & Outlook
China laparoscopic retrieval bag market, 2018-2030 (US$M)
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China laparoscopic retrieval bag market highlights
- The China laparoscopic retrieval bag market generated a revenue of USD 13.6 million in 2023 and is expected to reach USD 25.1 million by 2030.
- The China market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, detachable retrieval bags was the largest revenue generating type in 2023.
- Detachable Retrieval Bags is the most lucrative type segment registering the fastest growth during the forecast period.
Laparoscopic retrieval bag market data book summary
| Market revenue in 2023 | USD 13.6 million |
| Market revenue in 2030 | USD 25.1 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Detachable retrieval bags |
| Fastest growing segment | Detachable Retrieval Bags |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Detachable Retrieval Bags, Non-detachable Retrieval Bags |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, B. Braun, Richard Wolf, LaproSurge, Vernacare, PURPLE SURGICAL MANUFACTURING LIMITED |
Other key industry trends
- In terms of revenue, China accounted for 3.6% of the global laparoscopic retrieval bag market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China laparoscopic retrieval bag market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 25.1 million by 2030.
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Laparoscopic Retrieval Bag Market Scope
Laparoscopic Retrieval Bag Market Companies
| Name | Profile | # Employees | HQ | Website |
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China laparoscopic retrieval bag market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laparoscopic retrieval bag market will help companies and investors design strategic landscapes.
Detachable retrieval bags was the largest segment with a revenue share of 63.97% in 2023. Horizon Databook has segmented the China laparoscopic retrieval bag market based on detachable retrieval bags, non-detachable retrieval bags covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, China accounted for the largest share in the laparoscopic retrieval bag market due to the rising awareness about the benefits of laparoscopic surgical procedures, the growing demand for laparoscopic retrieval bag, and the surging cases of cervical cancer. According to the State Council of the People’s Republic of China, about 100,000 women in China are diagnosed with cervical cancer annually.
According to a research study published in 2023, around 31 million obstetrical and gynecological procedures were performed in 2023, whereas in 2019, the obstetrical and gynecological procedures performed were 29.7 million. Hence, the increasing number of gynecological procedures is expected to boost the laparoscopic retrieval bag market in China.
The regulatory process for product approvals is less stringent in China compared to other countries, such as the U.S., which facilitates easy entry of advanced products into the market. In addition, easy availability of resources enables technological advancements at cheaper costs, which has led to an increase in the number of manufacturing facilities in the country.
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Our clientele includes a mix of laparoscopic retrieval bag market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China laparoscopic retrieval bag market , including forecasts for subscribers. This country databook contains high-level insights into China laparoscopic retrieval bag market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China laparoscopic retrieval bag market size, by type, 2018-2030 (US$M)
China Laparoscopic Retrieval Bag Market Outlook Share, 2023 & 2030 (US$M)
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