Surgical Snare market Size, High Growth Opportunities, Segmentation, Trends By 2021 - 2030
Market Highlights
The Surgical
Snare Market Size is anticipated to reach USD 1004.37 Million by 2030 at
9.10% CAGR during the forecast period 2022-2030.
A surgical snare is a wire hoop use to tighten polyps or
small Tumours for severing, especially in body cavities. snare surgical
instrument is extensively utilized in endoscopy. From the past few years, the
market has grown with a rapid pace owing to the increasing number of endoscopy
procedures, growing geriatric population, and rising healthcare expenditure.
According to the National Institute of Diabetes and Digestive and Kidney
Diseases (NIDDK), about 30 to 40 percent of people in the United States get an
H. pylori infection which is the cause of peptic ulcers. However, factors such
as low per capita income and lack of skilled workforce are estimated to
restraint the market growth. World Health Organization (WHO) estimates that
based on a threshold of 4.4 skilled health professionals per 1000 population,
the needs-based shortage of health-care workers globally would be about 17.4
million of which almost 2.6 million are doctors and over 9 million are nurses
and midwives.
Surgical Snare Market Overview and
Research Report Information by Usability (Reusable and
Single-Use) Application (Laparoscopy, Endoscopy, Cystoscopy, Otoscopy,
Laryngoscopy, and Neuro-Endoscopy), End User (Hospitals and Clinics)- Forecast
till 2030.
Key Players:
The Global Surgical
Snare Market Players are Boston Scientific, Olympus, CONMED,
Medline Industries Steris, Medtronic, Merit Medical Systems, Hill-Rom Holdings,
Sklar Surgical Instruments
Segmentation
The global Surgical Snare Market is segmented on the basis
of usability, application, end user.
·
On the basis of usability, the global
surgical snare market is segmented into reusable and single use.
·
By application, the global surgical snare
market by application is categorized into laparoscopy, endoscopy,
cystoscopy, otoscopy, laryngoscopy, neuroendoscopy, and others.
·
By end-user, the global surgical snare
market is categorized into hospitals & clinics, ambulatory surgical
centers, and others.
Regional Analysis
The Americas dominates the global Surgical Snare Market
owing to the rising occurrence of diseases, high healthcare expenditure and
well-developed healthcare infrastructure. In the United States, the annual
spending on GI diseases is estimated to be nearly USD 140 billion. Following
similar trends, Europe stands second in the market. Rising geriatric population
is estimated to fuel the market.
Asia-Pacific was the fastest growing region for the global
surgical snare market in 2017. Factors such as increasing innovation and
awareness about the available treatment. On the other hand, the Middle East and
Africa holds the least share in the global surgical snare market owing to the
presence of poor economies and low per capita income, especially within the
African region. Most of the market share within this region is estimated to be
held by the Middle East.
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