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Surgical Snare Market - Emerging Trends & Global Future Forecasts

Major Objectives of the Study:

# To define, segment, and project the global Surgical Snare Market size for surgical snares.

# To understand the structure of the surgical snare market by identifying its various sub-segments.

# To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).

# To project the size of the market and its sub-markets, in terms of value and volume, with respect to 4 regions (along with their respective key countries).

# To profile key players and comprehensively analyze their core competencies.

# To understand the competitive landscape and identify the major growth strategies adopted by players across key regions.

# To analyze the competitive developments such as expansions & investments, new product launches, and acquisitions in the surgical snares market.

Key Growth Driving Factors:

The study involved 4 major activities in estimating the current market size for surgical snares. Exhaustive secondary research was done to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

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Recent Developments:

# In 2018, Cook Medical launched two new products, Cook Lead Extraction System and Cook Needle’s Eye Snare.

# In 2017, Merit Medical Systems acquired the critical care product portfolio of Argon Medical Devices and Catheter Connections, Inc. This helped Merits to broaden its product offerings and expand geographic presence in the surgical snare market.

Geographical Growth Dynamics:

North America is expected to account for the largest market share during the forecast period.

The surgical snare market is divided into four major regions North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America is expected to account for the largest share of this market, followed by Europe. This is mainly attributed to the increasing prevalence of colon cancer and rising awareness of screening, diagnosis, and treatment procedures. The high incidence of colorectal cancer (CRC) in the US has resulted in the provision of reimbursements to increase the affordability of CRC screening procedures in the country. This has increased the affordability of CRC screening procedures, which in turn is driving the number of endoscopic procedures using the snaring technique performed in the US.

Global Leading Companies:

The major surgical snares vendors include Olympus (Japan), Boston Scientific (US), Cook Medical (US), CONMED Corporation (US), Medline Industries (US), Medtronic (Ireland), Steris (US), Merit Medical Systems (US), and Avalign Technologies (US).

Key Questions Addressed by the Report:

# Who are the major market players in surgical snare market?
# What are the regional growth trends and the largest revenue-generating region for surgical snare market?
# What are the major drivers and challenges of the surgical snare market?
# What are the major applications of surgical snare?
# What are the major end user for surgical snare market?

Projected Revenue Growth:

The surgical snare market is expected to grow from USD 992 million in 2018 to USD 1,255 million by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period.

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on September 20 at 5:06

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