Snare devices are important instruments require for different surgical procedure. These devices are used with endoscope in the surgical procedures such as laparoscopy, urology, gastrointestinal endoscopy, and many others. In recent years, the market has grown with a rapid step owing to the increasing number of endoscopy procedure.
In addition, endoscopy helps in the diagnosis as well as treatment of gastrointestinal diseases. According to world health organization, every year millions of people undergo surgeries globally. These devices are used for particular procedure and commonly used for ear, nose and tonsils surgeries. Further, these devices also help to remove tumors causing complications that will boost demand for snare devices.
Increasing prevalence of chronic diseases like cancer is one of the major factors attributing to the growth of the snare devices market. According to the Fight Colorectal Cancer.org (FCCO) colorectal cancer is the second leading cause of death among population in the U.S. Besides, increasing number of colon polypectomy procedure and increasing preference for minimally invasive surgeries are anticipated to increase the growth of snare devices market.
Also, increasing number of geriatric populations is anticipated to offer more growth opportunity for the manufactures operating in the snare devices market. However, the clinical complications involved in the usage of snare devices is expected to hinder the growth of snare devices market.
The snare devices market is segmented on the basis of usability, application and end user. On the basis of usability, single use snares segment is expected to witness maximum growth due to increasing advanced technological products that enhance patients’ outcomes. On the basis of applications, gastrointestinal endoscopy is expected to increase the growth of snare devices market.
Gastrointestinal endoscopy mainly helps in the diagnosis and also in the treatment of gastrointestinal related diseases. On the basis end user, hospitals segment is anticipated to increase the growth of snare devices market on an account of owing to increase number of hospital admissions that has increased the demand for snare devices.
North America is expected to witness maximum growth owing to increase adoption of advanced technology in order to improve clinical outcomes in the region. In addition, increase in the number of colonoscopy procedures is driving the medical devices and pharmaceutical industries which is expected to increase the surgical snare device market in North America.
Europe is the second leading region for snare devices market due to development units, clinical labs and expansion in research.
Further, Asia pacific is expected to grow rapidly during forecast period due to increase in geriatric population which is prone to chronic disease of colon, bladder, kidney, etc. Additionally, increasing awareness about gastrointestinal disease, neurological disorder are the other factors which are likely to positively influence the growth of snare devices market in Asia pacific.
Examples of some of the market participants in Snare devices market identified across the value chain include CONMED, Boston Scientific, Medtronic Inc., Medline Industries, Rom Holdings Inc., DeRoyal Industries, Inc., Sklar Surgical Instruments and Hill-Rom Holdings Inc.
The research report on Snare devices market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report on Snare devices market provides analysis and information according to market segments such as geographies, application, and industry.
The report on Snare devices market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global Snare devices market is classified on the basis of usability, application, end user and region.
Based on Usability, Snare Devices Market is segmented into the following:
Based on Application, Snare Devices Market is segmented into the following:
Based on End User, Snare Devices Market is segmented into the following:
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