Market Overview:
The global surgical snare market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in surgical procedures. Based on type, the disposable surgical snare segment is expected to grow at a higher CAGR than the reusable surgical snare segment during the forecast period. This can be attributed to factors such as growing awareness about hygiene and infection control and increasing demand for minimally invasive surgeries. Based on application, GI endoscopy is estimated to account for the largest share of the global surgical snare market in 2018. This can be attributed to factors such as rising incidence of gastrointestinal disorders and growing demand for minimally invasive surgeries.
Product Definition:
A surgical snare is a small tool used to grasp and remove objects from a body cavity. It typically has a loop on one end that can be inserted into an opening in the body, and then closed around the object to be removed.
Disposable:
Disposable is a general term used for any medical device or equipment that is intended to be used only once and then discarded after the purpose it serves is accomplished. In surgical snares, disposable devices are those instruments/equipment which are intended to be used in one surgery only and then can be safely removed before the commencement of another procedure.
Reusable:
Reusable surgical snares are used in the market for various applications. These devices are made of stainless steel or titanium and have a nylon or polypropylene body. They can be customized according to the requirements by changing their size, shape, and position inside the body.
Application Insights:
The global surgical snare market is segmented by application into gastrointestinal (GI), laparoscopic, gynecology/obstetrics, arthroscopy, urology and other applications. The GI endoscopy segment dominated the overall market in terms of revenue share in 2017. This can be attributed to a high usage rate of snares for various procedures such as duodenal bulbectomies and gastric sleeve surgeries.
The laparoscopic surgery segment is expected to grow at a significant rate over the forecast period owing to increasing demand for minimally invasive surgeries that help reduce hospital stay duration and post-operative pain. Minimally invasive procedures require highly sophisticated equipment such as cameras along with surgical tools that are small enough to fit through narrow openings or tunnels made by hands or instruments during surgery without getting stuck or blocked due to adhesion caused by friction between skin & fat layers.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing government initiatives and awareness drives for endoscopic procedures. Moreover, growing demand for minimally invasive surgeries is also anticipated to drive growth in this region.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to improving healthcare infrastructure.
In addition, favorable government policies aimed at promoting quality healthcare services are further likely boost demand for surgical snare products over the coming years.
Growth Factors:
- Increasing incidence of chronic diseases: The global surgical snare market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing incidence of chronic diseases such as cancer, obesity, and cardiovascular disorders.
- Technological advancements: The advent of new technologies in the surgical snare market is expected to drive the growth of this market during the forecast period. For instance, in 2016, Boston Scientific Corporation launched its V-Loop™ Surgical Snare System that offers an improved design for endoscopic removal procedures. This system helps surgeons achieve better outcomes with less trauma and faster healing times for their patients.
- Rising demand for minimally invasive surgeries: The demand for minimally invasive surgeries is growing rapidly across the world due to their many advantages over traditional open surgery procedures such as shorter hospital stays, reduced pain and blood loss, and quicker recovery times. This is driving the growth of the global surgical snare market as surgical snares are extensively used in minimally invasive surgeries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Snare Market Research Report
By Type
Disposable, Reusable
By Application
GI Endoscopy, Laparoscopy, Gynecology/Obstetrics Endoscopy, Arthroscopy, Urology Endoscopy, Others
By Companies
Olympus, Boston Scientific, Cook Medical, CONMED, Medline Industries, Medtronic, Steris, Merit Medical Systems, Hill-Rom Holdings, Sklar Surgical Instruments, Olympus
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Snare Market Report Segments:
The global Surgical Snare market is segmented on the basis of:
Types
Disposable, Reusable
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
GI Endoscopy, Laparoscopy, Gynecology/Obstetrics Endoscopy, Arthroscopy, Urology Endoscopy, 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:
- Olympus
- Boston Scientific
- Cook Medical
- CONMED
- Medline Industries
- Medtronic
- Steris
- Merit Medical Systems
- Hill-Rom Holdings
- Sklar Surgical Instruments
- Olympus
Highlights of The Surgical Snare 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:
- Disposable
- Reusable
- By Application:
- GI Endoscopy
- Laparoscopy
- Gynecology/Obstetrics Endoscopy
- Arthroscopy
- Urology Endoscopy
- 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 Surgical Snare 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?
A surgical snare is a device used during surgery to hold tissue in place while it is cut or removed.
Some of the key players operating in the surgical snare market are Olympus, Boston Scientific, Cook Medical, CONMED, Medline Industries, Medtronic, Steris, Merit Medical Systems, Hill-Rom Holdings, Sklar Surgical Instruments, Olympus.
The surgical snare market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surgical Snare 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 Surgical Snare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surgical Snare 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 Surgical Snare 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 Surgical Snare Market Size & Forecast, 2018-2028
4.5.1 Surgical Snare Market Size and Y-o-Y Growth
4.5.2 Surgical Snare Market Absolute $ Opportunity
Chapter 5 Global Surgical Snare 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 Surgical Snare Market Size Forecast by Type
5.2.1 Disposable
5.2.2 Reusable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Surgical Snare 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 Surgical Snare Market Size Forecast by Applications
6.2.1 GI Endoscopy
6.2.2 Laparoscopy
6.2.3 Gynecology/Obstetrics Endoscopy
6.2.4 Arthroscopy
6.2.5 Urology Endoscopy
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surgical Snare 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 Surgical Snare 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 Surgical Snare Analysis and Forecast
9.1 Introduction
9.2 North America Surgical Snare 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 Surgical Snare Market Size Forecast by Type
9.6.1 Disposable
9.6.2 Reusable
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 Surgical Snare Market Size Forecast by Applications
9.10.1 GI Endoscopy
9.10.2 Laparoscopy
9.10.3 Gynecology/Obstetrics Endoscopy
9.10.4 Arthroscopy
9.10.5 Urology Endoscopy
9.10.6 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 Surgical Snare Analysis and Forecast
10.1 Introduction
10.2 Europe Surgical Snare 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 Surgical Snare Market Size Forecast by Type
10.6.1 Disposable
10.6.2 Reusable
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 Surgical Snare Market Size Forecast by Applications
10.10.1 GI Endoscopy
10.10.2 Laparoscopy
10.10.3 Gynecology/Obstetrics Endoscopy
10.10.4 Arthroscopy
10.10.5 Urology Endoscopy
10.10.6 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 Surgical Snare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Surgical Snare 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 Surgical Snare Market Size Forecast by Type
11.6.1 Disposable
11.6.2 Reusable
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 Surgical Snare Market Size Forecast by Applications
11.10.1 GI Endoscopy
11.10.2 Laparoscopy
11.10.3 Gynecology/Obstetrics Endoscopy
11.10.4 Arthroscopy
11.10.5 Urology Endoscopy
11.10.6 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 Surgical Snare Analysis and Forecast
12.1 Introduction
12.2 Latin America Surgical Snare 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 Surgical Snare Market Size Forecast by Type
12.6.1 Disposable
12.6.2 Reusable
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 Surgical Snare Market Size Forecast by Applications
12.10.1 GI Endoscopy
12.10.2 Laparoscopy
12.10.3 Gynecology/Obstetrics Endoscopy
12.10.4 Arthroscopy
12.10.5 Urology Endoscopy
12.10.6 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) Surgical Snare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Surgical Snare 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) Surgical Snare Market Size Forecast by Type
13.6.1 Disposable
13.6.2 Reusable
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) Surgical Snare Market Size Forecast by Applications
13.10.1 GI Endoscopy
13.10.2 Laparoscopy
13.10.3 Gynecology/Obstetrics Endoscopy
13.10.4 Arthroscopy
13.10.5 Urology Endoscopy
13.10.6 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 Surgical Snare Market: Competitive Dashboard
14.2 Global Surgical Snare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Olympus
14.3.2 Boston Scientific
14.3.3 Cook Medical
14.3.4 CONMED
14.3.5 Medline Industries
14.3.6 Medtronic
14.3.7 Steris
14.3.8 Merit Medical Systems
14.3.9 Hill-Rom Holdings
14.3.10 Sklar Surgical Instruments
14.3.11 Olympus
