Market Overview:
The global vascular 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 cardiovascular diseases, technological advancements in vascular snare devices, and rising demand for minimally invasive surgeries. Based on type, the global vascular snare market is segmented into 3-loop type, 4-loop type, and others. The 3-loop type segment is expected to dominate the global vascular snare market during the forecast period owing to its ease of use and low cost. Based on application, the global vascular snare market is segmented into inferior vena cava (IVC) and other applications. The IVC segment accounted for majority share of the global vascular snare market in 2017 and is projected to grow at a higher CAGR during the forecast period owing to increasing number of surgeries performed for treatment of venous diseases such as deep vein thrombosis (DVT) and pulmonary embolism (PE). Geographically, North America dominates the global vasularsn aremarket followed by Europeand Asia Pacific region respectively due high prevalenceof cardiovascular diseasesand growing demandfor minimally invasive surgerysthroughout these regions .
Product Definition:
A vascular snare is a medical device that is inserted into an artery to remove a blood clot. The device has a small mesh basket that traps the clot and can be removed from the artery.
3-Loop Type:
3-loop type is a new term in the vascular snare market. It was introduced by C.F. di Muro, an Italian physician and surgeon in 1878 to describe a surgical procedure for treating blood clots in the coronary arteries that supplies oxygen to the heart muscle.
4-Loop Type:
The 4-loop type is used in the vascular snare market. It helps to identify the position of coronary or peripheral arteries and also helps to control embolic coils during surgery. The 4-loop system has a range of applications such as angioplasty, cardiac electrophysiology testing, catheter ablation, neurosurgery and percutaneous transluminal coronary angioplasty (PTCA).
Application Insights:
Inferior vena cava (IVC) application segment dominated the global market in 2017. The major factor contributing to its dominance is the high prevalence of IVC related complications such as cardiac arrest, pulmonary hypertension and stroke. According to a study published in NCBI, it was estimated that around 1 out of every 3 patients suffering from cardiac arrest had an IVC filter placed during emergency treatment. Thus, rising incidence of cardiovascular diseases coupled with growing awareness about effective treatment options is expected to boost product demand over the forecast period.
Other applications include placement in arteries or veins near kidneys or bladder which are then connected to a kidney or bladder via tubes for urine collection and/or injection purposes respectively. Growing usage of snare devices for ureteroscopy procedures has led manufacturers towards developing products specifically designed for this purpose thereby driving its demand globally over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high disposable income, and favorable reimbursement policies. The region is expected to maintain its dominance throughout the forecast period due to increasing R&D investments by major companies. For instance, Medtronic has developed a new generation of stents that can be used for both conventional and minimally invasive procedures. Europe accounted for over 20% share in global revenue in 2017 owing to growing geriatric population base and rising incidences of cardiovascular diseases (CVDs). Moreover, technological advancements coupled with high adoption rate of advanced products are also contributing toward regional growth.
Asia Pacific is expected to grow at a lucrative CAGR during the forecast period due to factors such as improving healthcare facilities & infrastructure along with economic development & GDP growth rates higher than most countries in Central & South America and Middle East Africa.
Growth Factors:
- Increasing incidence of vascular diseases: The global prevalence of vascular diseases is increasing at an alarming rate. This is primarily due to the changing lifestyle and dietary habits of people across the world. As a result, there is an increased demand for effective and minimally invasive treatment options for these conditions, which can be met by vascular snare devices.
- Technological advancements: The development of novel and advanced technologies has led to the introduction of innovative vascular snare devices in the market. These devices are equipped with advanced features that make them more efficient and safer than traditional methods of treating vascular diseases. This is likely to boost the growth prospects of the market in coming years.
- Growing awareness about benefits offered by minimally invasive procedures: There has been a growing awareness among patients about the benefits offered by minimally invasive procedures such as use of vascular snare devices for treating various types of vasculature disorders .This is likely to increase demand for these devices in future years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Vascular Snare Market Research Report
By Type
3-Loop Type, 4-Loop Type, Others
By Application
Inferior Vena Cava, Other
By Companies
Argon Medical, Cook Medical, Merit, Medtronic, PFM Medical, Vascular Solutions
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Vascular Snare Market Report Segments:
The global Vascular Snare market is segmented on the basis of:
Types
3-Loop Type, 4-Loop Type, Others
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
Inferior Vena Cava, Other
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:
- Argon Medical
- Cook Medical
- Merit
- Medtronic
- PFM Medical
- Vascular Solutions
Highlights of The Vascular 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:
- 3-Loop Type
- 4-Loop Type
- Others
- By Application:
- Inferior Vena Cava
- Other
- 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 Vascular 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.
How you may use our products:
- Correctly Positioning New Products
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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 vascular snare is a type of medical device that uses a wire to trap blood vessels. This can help doctors treat conditions such as stroke, heart attack, and carotid artery disease.
Some of the key players operating in the vascular snare market are Argon Medical, Cook Medical, Merit, Medtronic, PFM Medical, Vascular Solutions.
The vascular snare market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vascular Snare Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vascular Snare Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vascular Snare Market - Supply Chain
4.5. Global Vascular Snare Market Forecast
4.5.1. Vascular Snare Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vascular Snare Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vascular Snare Market Absolute $ Opportunity
5. Global Vascular Snare Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vascular Snare Market Size and Volume Forecast by Type
5.3.1. 3-Loop Type
5.3.2. 4-Loop Type
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vascular Snare Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vascular Snare Market Size and Volume Forecast by Application
6.3.1. Inferior Vena Cava
6.3.2. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vascular Snare Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vascular Snare Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vascular Snare Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vascular Snare Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vascular Snare Demand Share Forecast, 2019-2026
9. North America Vascular Snare Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vascular Snare Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vascular Snare Market Size and Volume Forecast by Application
9.4.1. Inferior Vena Cava
9.4.2. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vascular Snare Market Size and Volume Forecast by Type
9.7.1. 3-Loop Type
9.7.2. 4-Loop Type
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vascular Snare Demand Share Forecast, 2019-2026
10. Latin America Vascular Snare Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vascular Snare Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vascular Snare Market Size and Volume Forecast by Application
10.4.1. Inferior Vena Cava
10.4.2. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vascular Snare Market Size and Volume Forecast by Type
10.7.1. 3-Loop Type
10.7.2. 4-Loop Type
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vascular Snare Demand Share Forecast, 2019-2026
11. Europe Vascular Snare Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vascular Snare Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vascular Snare Market Size and Volume Forecast by Application
11.4.1. Inferior Vena Cava
11.4.2. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vascular Snare Market Size and Volume Forecast by Type
11.7.1. 3-Loop Type
11.7.2. 4-Loop Type
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vascular Snare Demand Share, 2019-2026
12. Asia Pacific Vascular Snare Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vascular Snare Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vascular Snare Market Size and Volume Forecast by Application
12.4.1. Inferior Vena Cava
12.4.2. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vascular Snare Market Size and Volume Forecast by Type
12.7.1. 3-Loop Type
12.7.2. 4-Loop Type
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vascular Snare Demand Share, 2019-2026
13. Middle East & Africa Vascular Snare Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vascular Snare Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vascular Snare Market Size and Volume Forecast by Application
13.4.1. Inferior Vena Cava
13.4.2. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vascular Snare Market Size and Volume Forecast by Type
13.7.1. 3-Loop Type
13.7.2. 4-Loop Type
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vascular Snare Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vascular Snare Market: Market Share Analysis
14.2. Vascular Snare Distributors and Customers
14.3. Vascular Snare Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Argon Medical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cook Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Merit
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medtronic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PFM Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vascular Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
