Middle East & Africa Laparoscopic Retrieval Bag Market Size & Outlook
Middle East & Africa laparoscopic retrieval bag market, 2018-2030 (US$M)
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MEA laparoscopic retrieval bag market highlights
- The MEA laparoscopic retrieval bag market generated a revenue of USD 30.3 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 30.3 million |
| Market revenue in 2030 | USD 46.3 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Detachable retrieval bags |
| Fastest growing segment | Detachable Retrieval Bags |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 7.9% of the global laparoscopic retrieval bag market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 137.2 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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Middle East & Africa 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 65.02% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
The Middle East & Africa (MEA) laparoscopic retrieval bag market is anticipated to witness significant growth over the forecast period. This can be attributed to the growing healthcare expenditure in the region. In Middle Eastern countries, government organizations cover almost 70% of the healthcare expenditure for citizens.
High-income countries, such as Saudi Arabia, South Africa, and the United Arab Emirates (UAE), are focused on adopting the latest devices for their healthcare setup. Moreover, the growing health insurance penetration, the increasing disease burden in these countries, and the rising adoption of minimally invasive surgical procedures are some of the major factors expected to propel market growth.
In Africa, around 2,309 minimally invasive procedures were performed between 2005 and 2023, of which diagnostic laparoscopy accounted for 14.42%, according to a research article published in 2023. However, the high cost of procedures, lack of skilled professionals, and limited availability of trained healthcare professionals are expected to hinder the laparoscopic retrieval bag market growth in the Middle East & Africa.
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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 continent-level data and insights on the Middle East & Africa laparoscopic retrieval bag market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa laparoscopic retrieval bag market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA laparoscopic retrieval bag market size, by country, 2018-2030 (US$M)
Middle East & Africa Laparoscopic Retrieval Bag Market Outlook Share, 2023 & 2030 (US$M)
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