The surgical snares global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Surgical Snares Market, 2024 The surgical snares global market report 2024
Market Size –
The surgical snares market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to expanding healthcare infrastructure, government initiatives and funding, rising number of surgical procedures, growth in outpatient surgical procedures, increase in surgical training programs.
The surgical snares market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing prevalence of chronic diseases, growing geriatric population, rise in diagnostic procedures, increase in healthcare expenditure, growing awareness about early disease detection. Major trends in the forecast period include advancements in minimally invasive surgery, development of advanced snare designs, integration of advanced technology in surgical procedures, demand for precision medicine, emergence of new endoscopic techniques.
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Scope Of Surgical Snares Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Surgical Snares Market Overview
Market Drivers –
The increasing preference for minimally invasive surgeries is expected to significantly enhance the growth of the surgical snares market in the near future. Minimally invasive surgeries involve procedures that utilize small incisions and often employ specialized instruments and imaging techniques to minimize tissue damage. The preference for these surgeries is driven by factors such as quicker recovery times, shorter hospital stays, reduced postoperative pain, and a lower risk of complications compared to traditional open surgeries. Surgical snares facilitate minimally invasive procedures by allowing for the precise removal of abnormal tissues, such as polyps or tumors, through small incisions. Their design enables effective tissue resection while minimizing damage to surrounding structures, thereby enhancing the overall effectiveness and safety of the procedure. For instance, in June 2024, data published by the American Society of Plastic Surgeons indicated a 7% increase in minimally invasive procedures in the USA from 2022 to 2023. Therefore, the rising preference for minimally invasive surgeries will drive growth in the surgical snares market, with continued advancements expected through 2024 and into 2028.
Market Trends –
Major companies operating in the surgical snares market are developing advanced technologies such as single-wire loop surgical snares to improve procedural efficiency by encircling and removing tissue or foreign objects during minimally invasive surgical procedures. Single-wire loop surgical snares are medical instruments featuring a single loop of wire attached to a handle, used to excise tissue or foreign objects during surgeries precisely. For instance, in April 2021, Argon Medical Devices Inc., a US-based medical device manufacturer, introduced the Halo Single-Loop Snare Kit in USA. This kit is designed to improve procedural efficiency by incorporating a reusable, peel-away insertion tool for easy assembly and a 15° angulation on the snare catheter for enhanced directional control. These features aim to streamline procedures and increase accuracy in various medical interventions. This advancement reflects the industry’s ongoing efforts to improve the functionality and effectiveness of Snare devices in medical procedures.
The surgical snares market covered in this report is segmented –
1) By Usability: Single-Use, Reusable
2) By Application: GI Endoscopy, Laparoscopy, Urology Endoscopy, Gynecology Endoscopy, Arthroscopy, Bronchoscopy, Mediastinoscopy, Laryngoscopy, Other Applications
3) By End Users: Hospitals, Ambulatory Surgical Centers, Other End Users
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Regional Insights –
North America was the largest region in the surgical snares market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical snares market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Zimmer Biomet, Terumo Corporation, Steris, NIPRO Corporation, Teleflex Incorporated, Cook Medical, Integra LifeSciences, ConMed Corporation, PENTAX Medical Corp., JMS Co. Ltd., AngioDynamics Inc., Merit Medical Systems, Argon Medical Devices Inc., pfm medical AG, Endo-Therapeutics Inc., Sklar Surgical Instruments, Endo-Flex GmbH, EndoMed Systems GmbH, Aohua Endoscopy, Blue Endo, ENDO-TECHNIK
Table of Contents
1. Executive Summary
2. Surgical Snares Market Report Structure
3. Surgical Snares Market Trends And Strategies
4. Surgical Snares Market – Macro Economic Scenario
5. Global Surgical Snares Market Size and Growth
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32. Global Surgical Snares Market Competitive Benchmarking
33. Global Surgical Snares Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Surgical Snares Market
35. Surgical Snares Market Future Outlook and Potential Analysis
36. Appendix
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