Surgical Snares

Surgical Snares

Global Surgical Snares Market to Reach US$2.8 Billion by 2030

The global market for Surgical Snares estimated at US$1.5 Billion in the year 2023, is expected to reach US$2.8 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2023-2030. Single-Use Snares, one of the segments analyzed in the report, is expected to record a 8.6% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Reusable Snares segment is estimated at 9.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$422.1 Million While China is Forecast to Grow at 8.4% CAGR

The Surgical Snares market in the U.S. is estimated at US$422.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$428.8 Million by the year 2030 trailing a CAGR of 8.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.2% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.

Global Surgical Snares Market - Key Trends and Drivers Summarized

How Are Surgical Snares Improving Polyp Removal and Tissue Resection?

Surgical snares are medical instruments used for excision, resection, or removal of polyps, tumors, or abnormal tissues during endoscopic procedures. These snares, typically made of wire loops, are deployed through endoscopes to grasp and cut unwanted tissue, providing precise and minimally invasive removal. Commonly used in gastrointestinal (GI), pulmonary, and urological procedures, surgical snares enable effective biopsy, polypectomy, and mucosal resection. As the demand for minimally invasive surgeries increases, surgical snares have become essential tools in hospitals, specialty clinics, and ambulatory surgical centers, supporting early detection and treatment of abnormalities.

What Are the Key Segments in the Surgical Snares Market?

Key product types include disposable and reusable snares, with disposable snares holding a larger market share due to their cost-effectiveness, reduced risk of infection, and single-use convenience. Applications cover gastrointestinal (GI) endoscopy, pulmonology, urology, and other specialties, with GI endoscopy representing a significant segment driven by the need for polyp removal, biopsy, and mucosal resection in colorectal cancer screening and other GI disorders. End-users include hospitals, ambulatory surgical centers, and specialty clinics, with hospitals leading the market as they conduct a high volume of endoscopic procedures.

How Are Surgical Snares Integrated Across Endoscopic Procedures?

In gastrointestinal endoscopy, surgical snares are used to remove polyps from the colon, rectum, and esophagus, supporting colorectal cancer screening, polypectomy, and mucosal resection. In pulmonology, snares assist in the excision of lesions from the bronchi, facilitating biopsy and treatment of airway obstructions or abnormalities. In urology, surgical snares enable the removal of bladder tumors or polyps, allowing for minimally invasive interventions. Additionally, snares play a crucial role in otolaryngology, aiding in the removal of nasal polyps or benign growths, improving breathing and reducing sinus issues. Their versatility and precision have made surgical snares indispensable across a variety of minimally invasive procedures.

What Factors Are Driving the Growth in the Surgical Snares Market?

The growth in the Surgical Snares market is driven by several factors, including increasing demand for minimally invasive procedures, rising cases of colorectal cancer and GI disorders, and advancements in endoscopic technology. Innovations like better loop designs, improved electrosurgical compatibility, and enhanced safety features have supported broader applications in polypectomy and tissue resection, addressing diverse clinical needs. The focus on early detection and treatment of cancerous and pre-cancerous lesions has further fueled demand, as surgical snares provide effective and precise resection with minimal patient discomfort. Additionally, growing healthcare infrastructure, expanding use of outpatient endoscopy services, and increased adoption of single-use medical devices have contributed to market growth, encouraging the integration of surgical snares across healthcare facilities.

 

SCOPE OF STUDY:

The report analyzes the Surgical Snares market in terms of US$ Thousand by the following Application; End-Use; Usability, and Geographic Regions/Countries:

Segments:
Usability (Single-Use, Reusable); Application (GI Endoscopy, Arthroscopy, Laparoscopy, Urology Endoscopy, Gynecology Endoscopy, Bronchoscopy, Other Applications); End-Use (Hospitals, Ambulatory Surgical Centers)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• Boston Scientific Corporation
• Conmed Corporation
• Cook
• Hill-Rom Services Inc.
• Medline Industries, Inc.
• Medtronic
• Merit Medical Systems
• Olympus Corporation
• Sklar Surgical Instruments
• Steris plc.

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