Market Overview:
The global medical wire loop snares market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of gastrointestinal (GI) disorders, technological advancements in medical devices, and rising demand for minimally invasive surgeries. Based on type, the global medical wire loop snares market is segmented into gooseâ€neck snare and en snare. The en snare segment is expected to grow at a higher CAGR than the gooseâ€neck snare segment during the forecast period from 2018 to 2030. This growth can be attributed to its advantages such as easy handling and less tissue damage as compared with other types of surgical snares. Based on application, the global medical wire loop snares market is divided into clinic, hospital, and others segments.
Product Definition:
A medical wire loop snare is a small metal wire that is used to remove objects from the body. It can also be used to cut through tissue.
Gooseâ€neck snare:
Goose neck snare, also known as gans organsnares or gooses, is a loop of wire that is bent at a right angle and then curved to form an S-shaped curve. It has two arms which are usually equal in length. The goose neck snare can be used for catching small animals such as birds and rodents.
En Snare:
The En snare is a device used to hold the wire loop snares. It is also known as elastic ring or elastic holder. The en snare has two parts, which are connected by an elastic cord or nylon string. One of the important functions of this device is to keep loop snares in position and at the same time it helps in easy removal of these devices from captured animals.
Application Insights:
Based on application, the global medical wire loop snares market is segmented into a clinic, hospital and others. The Others application segment held the largest share of over 50% in 2017. This is due to an increase in demand for emergency services at night clubs and hotels which use this snare device as it can be used multiple times without having to be repaired or replaced.
The Clinic application segment is expected to grow at a fastest rate of 7.2% from 2018 to 2030 owing to increasing awareness about early detection among population especially women that they should undergo regular check-ups during their reproductive life span as well as after retirement age for detecting any pre-cancerous cells or lesions that may lead towards cancer development later on during life span.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Increasing incidence of chronic and acute diseases, rising pet ownership, and high adoption of advanced healthcare facilities are some factors contributing to the growth of this regional segment.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing awareness about animal health & well-being coupled with growing demand for meat from developing economies such as China and India. Moreover, a rise in adventure sports activities has led people across countries including China, Japan, South Korea & Taiwan (APAC) engage themselves in capturing images or videos involving animals which includes wild animals like bears & tigers as well as domestic animals like dogs or cats (source: APPA 2018).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical wire loop snares market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. This is because these surgeries are less invasive and cause less pain and trauma to the patient as compared to traditional surgery.
- Rising prevalence of cancer: The rising prevalence of cancer is another major growth driver for the global medical wire loop snares market. Cancer is one of the leading causes of death worldwide, and this number is only expected to increase in future due to factors such as aging population and lifestyle changes. Thus, there will be an increasing need for effective diagnostic and treatment methods, which will drive the growth of the medical wire loop snares market in future.
- Technological advancements: The medical wire loop snares market is witnessing rapid technological advancements, which are resulting in innovative products with better performance characteristics being launched in the market by various players operating therein.. This will help boost adoption rates among surgeons, thereby driving growth prospects for this market during forecast period 2017-2025 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Wire Loop Snares Market Research Report
By Type
Goose‐neck snare, En Snare
By Application
Clinic, Hospital, Others
By Companies
Cook Medical, EV3, Merit Medical, Vascular solutions, Argon Medical, Shape Memory, Olympus, Merit Medical, Covidean, Boston Scientific, Cook Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Medical Wire Loop Snares Market Report Segments:
The global Medical Wire Loop Snares market is segmented on the basis of:
Types
Goose‐neck snare, En Snare
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinic, Hospital, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cook Medical
- EV3
- Merit Medical
- Vascular solutions
- Argon Medical
- Shape Memory
- Olympus
- Merit Medical
- Covidean
- Boston Scientific
- Cook Medical
Highlights of The Medical Wire Loop Snares Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Goose‐neck snare
- En Snare
- By Application:
- Clinic
- Hospital
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Wire Loop Snares Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical wire loop snares are a type of trap that is used to capture animals such as rats and mice. The device consists of a metal frame with several loops of wire attached. When an animal steps into the loops, they become trapped and can be killed by the traps' sharp blades.
Some of the major players in the medical wire loop snares market are Cook Medical, EV3, Merit Medical, Vascular solutions, Argon Medical, Shape Memory, Olympus, Merit Medical, Covidean, Boston Scientific, Cook Medical.
The medical wire loop snares market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Wire Loop Snares Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Wire Loop Snares Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Wire Loop Snares Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Wire Loop Snares Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Wire Loop Snares Market Size & Forecast, 2020-2028
4.5.1 Medical Wire Loop Snares Market Size and Y-o-Y Growth
4.5.2 Medical Wire Loop Snares Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Goose‐neck snare
5.2.2 En Snare
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Clinic
6.2.2 Hospital
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Wire Loop Snares Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Wire Loop Snares Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Goose‐neck snare
9.6.2 En Snare
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Clinic
9.10.2 Hospital
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Goose‐neck snare
10.6.2 En Snare
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Clinic
10.10.2 Hospital
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Goose‐neck snare
11.6.2 En Snare
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Clinic
11.10.2 Hospital
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Goose‐neck snare
12.6.2 En Snare
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Clinic
12.10.2 Hospital
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Goose‐neck snare
13.6.2 En Snare
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Clinic
13.10.2 Hospital
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Wire Loop Snares Market: Competitive Dashboard
14.2 Global Medical Wire Loop Snares Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cook Medical
14.3.2 EV3
14.3.3 Merit Medical
14.3.4 Vascular solutions
14.3.5 Argon Medical
14.3.6 Shape Memory
14.3.7 Olympus
14.3.8 Merit Medical
14.3.9 Covidean
14.3.10 Boston Scientific
14.3.11 Cook Medical
