The global Surgical Snare Market is expected to reach USD 1.004 Billion by 2030, growing at 9.10% CAGR during the forecast period 2022-2030
Surgical Snare Market Overview:
A surgical snare is an instrument consisting of a wire loop retracted by a mechanism in the handle, used to remove tissue masses, such as tonsils. These tools are used with endoscopes in surgical procedures such as gastrointestinal endoscopy, laparoscopy, urology, neuroendoscopy, etc.
Surgical snares market is expected to grow at a significant rate over the next few years owing to factors such as increasing number of colon polypectomy procedures and increasing preference for minimally invasive procedures. However, rapidly growing aging population is expected to provide more growth opportunities for the players in the surgical snare market.
Surgical Snare market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Surgical Snare market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Surgical Snare market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Industry News and Key Developments
- In 2018, Cook Medical launched two new products, Cook Lead Extraction System and Cook Needle’s Eye Snare.
- In 2017, Merit Medical Systems acquired the critical care product portfolio of Argon Medical Devices and Catheter Connections, Inc. This helped Merits to broaden its product offerings and expand geographic presence in the surgical snare market.
- In December 2020, Olympus Corporation announced its acquisition of advanced medical devices provider, Veran Medical Technologies, Inc. The move will enable Olympus to gain access to VMT’s R&D, marketing, sales network, manufacturing, and other functions for the expansion of the company’s product portfolio.
Top Key Players include in the Surgical Snare Market are
Olympus, Boston Scientific, Cook Medical, CONMED, Medline Industries, Medtronic, Steris, Merit Medical Systems, Hill-Rom Holdings, Sklar Surgical Instruments, Avalign Technologies, and others.
The Surgical Snare market research report is categorized based on type, applications and region.
On the Basis of Type:
On the Basis of Application:
- GI Endoscopy
- Gynecology/Obstetrics Endoscopy
- Urology Endoscopy
On the Basis of Region:
Geographically, the global Surgical Snare market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Surgical Snare region is dominating this market in the upcoming future.
North America holds the largest share in 2020 with more than 45.0%. Increased adoption of new and advanced devices, rising demand for minimally invasive surgical procedures, and rising burden of chronic diseases are among the factors driving the market. Increasing burden of gastrointestinal diseases and cancers in the region is also one of the significant factors driving market growth. Rising incidence of cancer coupled with availability of advanced diagnostic procedures is expected to drive market growth.
Europe accounted for a large share in 2020. Increased preference for minimally invasive procedures, increased use of endoscopic procedures for early diagnosis, and advent of disposable surgical snares ensure a reduced risk of infection. Moreover, growing geriatric population and increasing burden of chronic diseases such as cancer and gastrointestinal diseases are driving the market in Europe.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Surgical Snare Market report scope
What is the CAGR of the global Surgical Snare market?
The Surgical Snare Market is growing at a CAGR of 9.10% During Forecast Period.
Which region would offer high growth for vendors in the Surgical Snare market?
North America holds the largest share in 2020 with more than 45.0%.
Which Is the Most potential market segment?
By Types- Disposable, Reusable
By Applications - GI Endoscopy, Laparoscopy, Gynecology/Obstetrics Endoscopy, Arthroscopy, Urology Endoscopy, Others
Which are the top industry players in the market?
Olympus, Boston Scientific, Cook Medical, CONMED, Medline Industries, Medtronic, Steris, Merit Medical Systems, Hill-Rom Holdings, Sklar Surgical Instruments, Avalign Technologies