As per this study the Global Surgical Snare Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
The surgical snare is the medical device used to remove polyps, tumors and excessive growth from the surface of tissues or organs. The surgical snare has wire loop that passes through the tumor base that encircles it which then gets tightened eventually. This results into removal of the projected structure from the body.
The rising cases of chronic kidney diseases, colon cancer and others are driving the demand for surgical snares. The shifting preference towards minimally invasive surgeries owing to faster recovery, and shorter hospitalization period is driving the market growth. The growth in ambulatory surgical centers with increasing funding on research & development activities is also boosting the market growth. On the contrary, risk regarding clinical complications & infections due to usage of snares may curb the growth of this market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of surgical snare.
The broad surgical snare market has been sub-grouped into usability, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Reusable Surgical Snares
- Single-Use Surgical Snares
- Gastrointestinal (GI) Endoscopy
- Gynecology/Obstetrics Endoscopy
- Urology Endoscopy (Cystoscopy)
- Retinal Endoscopy
- Other Applications
- Ambulatory Surgical Centers
- Other End Users
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for surgical snare in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Surgical Snare Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the surgical snare market includes Avalign Technologies, Boston Scientific, CONMED, Cook Medical, Hill-Rom Holdings, Medline Industries, Medtronic, Merit Medical Systems, Olympus, Sklar Surgical Instruments and Steris.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.