Endoluminal Suturing Devices Market detail insight to 2024 Focusing on key market players like Johnson and Johnson, Apollo Endosurgery, Inc., Medtronic

The report is a comprehensive exploration of Global Endoluminal Suturing Devices market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global Endoluminal Suturing Devices market and more.

Germany endoluminal suturing devices market accounted for revenue share of 17.8% in 2017, owing to increasing demand for weight loss procedures. As per World Health Organization (WHO) Statistics, about 23.6% of the German population suffered from obesity. High demand for weight loss techniques due to increasing prevalence of obesity will promote endoluminal suturing devices business growth in the future.

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Endoluminal Suturing Devices Market will exceed USD 73.4 million by 2024; as per a new research report. Increasing demand for endoluminal suturing devices will lead to industry growth in the future. High demand is attributable to increasing prevalence of obesity and gastroesophageal diseases. Growing disease burden will have a positive impact on demand for endoluminal suturing devices, thereby driving business growth during the projected timeframe.

Rising preference towards minimally invasive procedures for treatment of chronic diseases such as obesity will drive demand for endoluminal suturing device throughout the projected timeframe. Advantages associated with employment of endoluminal suturing device include less recovery time and reduction in hospital stay. Rising patient inclination towards minimally invasive endoluminal suturing devices will foster industry growth in the future.

Japan endoluminal suturing devices market will grow at the rate of 11.4% CAGR in 2017 owing to rising cases of gastroesophageal reflux diseases. According to The Turkish Society of Gastroenterology, in Japan, the prevalence of GERD was detected to be 16.5%. High pervasiveness of gastroesophageal reflux disease is credited to adoption of unhealthy diet, thereby propelling industry growth.

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Gastroesophageal reflux disease market will show significant growth rate of 13.9% during the projected timeframe, owing to its increasing prevalence. According to International Foundation for Gastrointestinal Disorders, in 2014, about 18 million people suffered from GERD affecting about 1 in 5 people. As number of people suffering from GERD is increasing, the demand for endoluminal suturing devices will increase.

Ambulatory surgical centers segment contributed to market share of USD 8.6 million in 2017. Growth is credit to increasing proportion of individuals opting treatment at economic costs for chronic disorders in ambulatory surgical centers. Increasing patient pool along with development of advanced endoluminal suturing devices will have a positive impact on industry growth during the forecast timeframe.

Prominent industries involved in endoluminal suturing devices market are Apollo Endosurgery, Inc., Medtronic and Johnson and Johnson (Ethicon Endo-Surgery, Inc.). These key industry players focus on strategies such as mergers, acquisitions and new product launch to strengthen market position. For instance, in In January 2015, Medtronic announced completion of acquisition of Covidien plc and added Endo stitch suturing device and SILS stitch articulating suturing device to its minimally invasive therapy group, thereby expanding its product portfolio.

Table of Content:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Endoluminal suturing devices market industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Application trends

2.1.3. End-use trends

2.1.4. Regional trends

Chapter 3. Endoluminal Suturing Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Rising prevalence of chronic disease across the globe

3.3.1.2. Increasing demand for minimally invasive procedures

3.3.1.3. Technological advancements in developed economies

3.3.1.4. Rising geriatric population in developing economies

3.3.2. Industry pitfalls & challenges

3.3.2.1. Stringent regulatory scenario in developed countries

3.3.2.2. Dearth of skilled healthcare professionals in developing economies

3.4. Growth potential analysis

3.4.1. By application

3.4.2. By end-use

3.5. Porter's analysis

3.6. Regulatory landscape

3.7. Competitive landscape, 2017

3.7.1. Strategy dashboard

3.8. PESTEL analysis

Chapter 4. Endoluminal Suturing Devices Market, By Application

4.1. Key segment trends

4.2. Bariatric surgery

4.2.1. Market size, by region, 2013 - 2024 (USD Million)

4.3. Gastrointestinal defects

4.3.1. Market size, by region, 2013 - 2024 (USD Million)

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Related Report:

Global Endoluminal Suturing Devices Market Growth 2018-2023

Growing demand of minimally invasive techniques will boost demand for endoluminal suturing devices over the forecast period. Precise suturing in tight spaces and reduction in surgery morbidities will lead to increasing demand for endoluminal suturing devices.

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