Global Surgical Snare Market Trends Size, By Usability (Reusable and Single-Use), By Application (Gastrointestinal Endoscopy, Laparoscopy, Gynecology/Obstetrics Endoscopy, Arthroscopy, Urology Endoscopy (Cystoscopy), Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, Retinal Endoscopy, Neuroendoscopy, and Others), By End User (Hospitals, Ambulatory Surgical Centers, and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Surgical Snare Market
The Global Surgical Snare Market was valued at US$ 1006 Bn in 2022, estimated to reach US$ 2195.69 Mn by 2030, with a CAGR of 9.16% from 2023-2030.
A device called a surgical snare is used to remove polyps and other prolonged stalks of enlarged tissue by cutting them off at the base. A wire hoop used in surgical snares can be cinched tightly around the bases of polyps or tiny tumors to cut them off at the base.
Market Drivers
Polypectomy operations are increasingly being performed at ambulatory surgery centers, and minimally invasive procedures are becoming more popular which is anticipated to drive the market growth. Throughout the projected period, it is anticipated that the number of gastrointestinal procedures will significantly rise in the United States and other developed economies. Other factors contributing to market expansion include the rising prevalence of chronic renal disorders, the growing elderly population with chronic illnesses, and increased patient awareness.
Market Restraints
The growth of the surgical snare market will be restrained by the various clinical complications in surgeries as well as the risk of clinical complications and infections due to the use of snares, whereas the shortage of skilled, trained physicians has the potential to impede that growth.
Market Segmentation
The scope of the Global Surgical Snare Market covers
segmentation based on Product, Type, End User, and Region.
Based on Usability, the market is classified into Reusable and Single-Use.
Based on Application, the market is segmented into Gastrointestinal Endoscopy, Laparoscopy, Gynecology/Obstetrics Endoscopy, Arthroscopy, Urology Endoscopy (Cystoscopy), Bronchoscopy, Mediastinoscopy, Otoscopy, Laryngoscopy, Retinal Endoscopy, Neuroendoscopy, and Others.
Based on End Users, the market is divided into Hospitals, Ambulatory Surgical Centers, and Others.
Regional Analysis
The Global Surgical Snare Market is segmented into 5 main regions, namely North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
The highest revenue share will likely come from the North American market in 2022. The increase in surgical operations and the incidence of chronic diseases like cancer in this area can be blamed for this. Additionally, a rise in demand for minimally invasive surgical procedures is anticipated to boost market revenue.
Key Players
Avalign Technologies, Inc., Boston Scientific Corporation, CONMED Corporation, Cook, Medline Industries, Inc., Medtronic, Merit Medical Systems, EndoMed Systems, OLYMPUS CORPORATION, Sklar Surgical Instruments.
Market Taxonomy
By Usability
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