Wire Loop Snare Market Size, Share, Development by 2023
Wire Loop Snare is an instrument used to remove polyps and other projections from a surface, especially within a cavity. It consists of a wire loop that passed round the base of the tumor and gradually tightened.
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Global Wire Loop Snare Market: Forecast by Type / Application / Region
In summary, the medical wire loop snare market is relatively quite concentrated. The market is currently served by the likes of ev3, Cook, Merit Medical and others. The three players account for more than 65% of global total market of medical wire loop snares which are analyzed and counted in this report.
Compared with some other kinds of interventional cardiology devices such as heart stent or pacemaker, the sales price of wire loop snare is relatively much lower. But the gross margin of this product is relatively higher, because of the higher technical threshold and smaller number of related players.
As the wonderful profitability of wire loop snare, more and more enterprises have plans to enter this market. And as the demand of wire loop snare is stable and growing fast, the global capacity of wire loop snare is growing fast. In the future, the competition of this market may be fierce and the gross margin of this product may be reduced.
Over the next five years, LPI(LP Information) projects that Wire Loop Snare will register a 6.3% CAGR in terms of revenue, reach US$ 87 million by 2023, from US$ 64 million in 2017.
Global Wire Loop Snare Market: Key Players
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United States Wire Loop Snare Market Research Report 2018
Europe Wire Loop Snare Market Research Report 2018
North America Wire Loop Snare Market Research Report 2018
Asia-Pacific Wire Loop Snare Market Research Report 2018
China Wire Loop Snare Market Research Report 2018
EMEA Wire Loop Snare Market Research Report 2018
Global Wire Loop Snare Market Research Report 2018
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