Press release
Surgical Snares Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033
Surgical Snares Market
The new report published by The Business Research Company, titled Surgical Snares Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the surgical snares market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The surgical snares market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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What Is Driving The Growth Of The Global Surgical Snares Market?
Rising Preference For Minimally Invasive Surgeries To Boost Surgical Snares Market
The rise in the preference for minimally invasive surgeries is expected to propel the growth of the surgical snares market going forward. Minimally invasive surgeries are medical procedures that involve small incisions, often using specialized instruments and imaging techniques to minimize tissue damage. The minimally invasive surgeries are fueled by factors such as quicker recovery times, shorter hospital stays, reduced postoperative pain, and a lower risk of complications compared to traditional open surgeries. Surgical snares aid in minimally invasive surgeries by allowing precise removal of abnormal tissues, such as polyps or tumors, through small incisions. Their design enables adequate tissue resection with minimal damage to surrounding structures, enhancing the overall effectiveness and safety of the procedure. For instance, in June 2024, according to the data published by the American Society Of Plastic Surgeons, a US-based professional society representing plastic surgeons, there was a 7% rise in minimally invasive procedures from 2022 to 2023 in the USA. Therefore, increasing the preference for minimally invasive surgeries will drive the surgical snares market.
What Is The Key Trend In The Global Surgical Snares Market?
Innovative Surgical Snares Improving Precision And Efficiency In Minimally Invasive Procedures
Major companies operating in the surgical snares market are developing advanced technologies such as single-wire loop surgical snares to improve procedural efficiency by encircling and removing tissue or foreign objects during minimally invasive surgical procedures. Single-wire loop surgical snares are medical instruments featuring a single loop of wire attached to a handle, used to excise tissue or foreign objects during surgeries precisely. For instance, in April 2021, Argon Medical Devices Inc., a US-based medical device manufacturer, introduced the Halo Single-Loop Snare Kit in USA. This kit is designed to improve procedural efficiency by incorporating a reusable, peel-away insertion tool for easy assembly and a 15° angulation on the snare catheter for enhanced directional control. These features aim to streamline procedures and increase accuracy in various medical interventions. This advancement reflects the industry's ongoing efforts to improve the functionality and effectiveness of Snare devices in medical procedures.
How Is The Global Surgical Snares Market Segmented?
The surgical snares market covered in this report is segmented -
1) By Usability: Single-Use, Reusable
2) By Application: GI Endoscopy, Laparoscopy, Urology Endoscopy, Gynecology Endoscopy, Arthroscopy, Bronchoscopy, Mediastinoscopy, Laryngoscopy, Other Applications
3) By End Users: Hospitals, Ambulatory Surgical Centers, Other End Users
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How Is The Competitive Landscape Of The Global Surgical Snares Market?
Major companies operating in the surgical snares market are Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Zimmer Biomet, Terumo Corporation, Steris, NIPRO Corporation, Teleflex Incorporated, Cook Medical, Integra LifeSciences, ConMed Corporation, PENTAX Medical Corp., JMS Co. Ltd., AngioDynamics Inc., Merit Medical Systems, Argon Medical Devices Inc., pfm medical AG, Endo-Therapeutics Inc., Sklar Surgical Instruments, Endo-Flex GmbH, EndoMed Systems GmbH, Aohua Endoscopy, Blue Endo, ENDO-TECHNIK
Contents Of The Global Surgical Snares Market
1. Executive Summary
2. Surgical Snares Market Report Structure
3. Surgical Snares Market Trends And Strategies
4. Surgical Snares Market - Macro Economic Scenario
5. Surgical Snares Market Size And Growth
…..
27. Surgical Snares Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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