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Specimen Retrieval and Foreign-Body Removal Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027 - Boston Scientific, CONMED, Olympus, Cook Medical

12-07-2021 06:23 AM CET | Health & Medicine

Press release from: Market Insights Reports

The Specimen Retrieval and Foreign-Body Removal Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Specimen Retrieval and Foreign-Body Removal Market Size are Projected to Reach at a CAGR of 7% during 2021-2027.

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Market Overview:

The largest segment was the specimen retrieval device market, which accounted for the majority of the total market value. The growth of this market is primarily driven by the polyp retrieval trap segment, which is a low-cost alternative to specimen retrieval nets. Specimen retrieval devices are used for retrieving tissue samples or excised polyps in the gastrointestinal (GI) tract. They are most often used in conjunction with polypectomy snares. After a polyp has been excised by a snare, a specimen retrieval device is used to retrieve the specimen, which is then sent to a lab to be tested. Specimen retrieval devices are segmented into polyp retrieval traps, which are simple plastic devices that trap polyps into one or several chambers using suction, and specimen retrieval nets, which are similar to baskets. Foreign body removal devices are used to remove foreign objects that have been ingested or rectally inserted by an individual.

Top Leading Companies:

US Endoscopy, Boston Scientific, CONMED, Olympus, Cook Medical, Diversatek Healthcare, Endo-Therapeutics, Medivators, Micro-Tech Endoscopy

Recent Development:

Boston Scientific has acquired 59 companies, including 23 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 6 assets. Boston Scientific’s largest acquisition to date was in 2006 when it acquired Guidant for $24.6B. Its largest disclosed sale occurred in 2020 when it sold BTG Specialty Pharmaceuticals to SERB SA for $800M. Boston Scientific has acquired in 11 different US states, and 7 countries. The Company’s most targeted sectors include medical products (76%) and healthcare services (15%). Boston Scientific is a medical technology company. Boston Scientific's products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health, and chronic pain conditions. Boston Scientific was formed in 1979 and is based in Marlborough, Massachusetts.

Olympus has acquired 13 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets. Olympus’ largest acquisition to date was in 2020 when it acquired Veran Medical Technologies for $340M. Olympus has been acquired in 4 different US states, and 7 countries. The Company’s most targeted sectors include medical products (59%) and life science (17%). Olympus Corporation is a diverse manufacturer and seller of precision electronics, machinery, and instruments. Olympus manufactures medical products including endoscopic video imaging systems, endoscopy products for gastroenterological surgery, and monotherapy products. Olympus' scientific solutions segment manufacturers microscopes and remote visual inspection products. Finally, Olympus produces digital cameras, optical components, audio gear, and binoculars. Olympus was founded in 1919 and is based in Tokyo, Japan.

Specimen Retrieval and Foreign-Body Removal Market Segmentation by Type:

Specimen Retrieval Device
Foreign-Body Removal Device

Specimen Retrieval and Foreign-Body Removal Market Segmentation by Application:

Stomach
Gut
Others

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Regional Specimen Retrieval and Foreign-Body Removal Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Specimen Retrieval and Foreign-Body Removal Market Report:

Detailed overview of Specimen Retrieval and Foreign-Body Removal Market
Changing the Specimen Retrieval and Foreign-Body Removal market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Specimen Retrieval and Foreign-Body Removal market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Specimen Retrieval and Foreign-Body Removal Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Specimen Retrieval and Foreign-Body Removal Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Specimen Retrieval and Foreign-Body Removal industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

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