Industry Background:
Surgical snares, type of medical instruments that are used to remove growths from the tissue surfaces, generally when the growths are inside a body cavity. Typical growths addressed with surgical snares include tumors, polyps, and lymphoid tissue (tonsils). It has different designs that allow specialty and general surgeons to reach and remove tissue growths, which are often difficult to reach places. However, all snares are designed with the basic elements of a handle, cannula, a wire loop at the tip of the cannula, and a mechanism for tightening the wire. The simple but effective design enables surgeons to more easily remove tissues that are causing medical problems, like tonsils, or need to be biopsied to determine if they are cancerous.
According to AMA, the market for Surgical Snare is expected to register a CAGR of 4.95% during the forecast period to 2027. This growth is primarily driven by Increasing Awareness of Colorectal Cancer Screening, Growth of the Endoscopic Ambulatory Surgery Centers Segment, Hospital Investments in Endoscopy Instruments and Rising Patient Preference for Minimally Invasive Surgeries.
The Medical Devices sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Olympus (Japan), Boston Scientific (United States), Cook Medical, Inc. (United States), CONMED Corp. (United States), Medline Industries (United States), Medtronic (Ireland), Steris (United States), Merit Medical Systems (United States), Hill-Rom Holdings (United States) and Sklar Surgical Instruments (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 5 Feb 2018, Teleflex Incorporated, a leading global provider of medical technologies for critical care and surgery, has announced 510(k) clearance by the Food and Drug Administration and U.S. commercial launch of new versions of its Expro Elite and Sympro Elite Snares for manipulating interventional devices in peripheral procedures.
Market Drivers
- Increasing Awareness of Colorectal Cancer Screening
- Growth of the Endoscopic Ambulatory Surgery Centers Segment
- Hospital Investments in Endoscopy Instruments
- Rising Patient Preference for Minimally Invasive Surgeries
Market Trend
Restraints
- Clinical Complications in Surgeries
Opportunities
The dearth of Trained Physicians and Endoscopists
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Surgical Snare Study Sheds Light on
The Surgical Snare Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Surgical Snare industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Surgical Snare industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.