The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The surgical snares market size has shown robust growth in recent years, projected to expand from $1.32 billion in 2023 to $1.43 billion in 2024, achieving a compound annual growth rate (CAGR) of 8%. The growth during the historical period can be attributed to the expansion of healthcare infrastructure, government initiatives and funding, an increasing number of surgical procedures, a rise in outpatient surgical procedures, and a growing number of surgical training programs. In the forthcoming years, the surgical snares market size is anticipated to reach $1.95 billion in 2028, with a CAGR of 8.1%. This growth in the forecast period is driven by factors such as the increasing prevalence of chronic diseases, a growing geriatric population, a rise in diagnostic procedures, increasing healthcare expenditure, and heightened awareness about early disease detection. Major trends expected to emerge during this period include advancements in minimally invasive surgery, the development of advanced snare designs, the integration of advanced technology in surgical procedures, a demand for precision medicine, and the emergence of new endoscopic techniques.

The increasing preference for minimally invasive surgeries is expected to significantly enhance the growth of the surgical snares market in the near future. Minimally invasive surgeries involve procedures that utilize small incisions and often employ specialized instruments and imaging techniques to minimize tissue damage. The preference for these surgeries is driven by factors such as quicker recovery times, shorter hospital stays, reduced postoperative pain, and a lower risk of complications compared to traditional open surgeries. Surgical snares facilitate minimally invasive procedures by allowing for the precise removal of abnormal tissues, such as polyps or tumors, through small incisions. Their design enables effective tissue resection while minimizing damage to surrounding structures, thereby enhancing the overall effectiveness and safety of the procedure. For instance, in June 2024, data published by the American Society of Plastic Surgeons indicated a 7% increase in minimally invasive procedures in the USA from 2022 to 2023. Therefore, the rising preference for minimally invasive surgeries will drive growth in the surgical snares market, with continued advancements expected through 2024 and into 2028.

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What Are The Key Trends That Influence Surgical Snares Market Share Analysis?

Major companies in the surgical snares market are developing advanced technologies, such as single-wire loop surgical snares, to enhance procedural efficiency by encircling and removing tissue or foreign objects during minimally invasive surgical procedures. Single-wire loop surgical snares are medical instruments featuring a single loop of wire attached to a handle, used for precisely excising tissue or foreign objects during surgeries. For example, in April 2021, Argon Medical Devices Inc., a US-based medical device manufacturer, introduced the Halo Single-Loop Snare Kit in the USA. This kit is designed to enhance procedural efficiency by incorporating a reusable, peel-away insertion tool for easy assembly and a 15° angulation on the snare catheter for improved directional control. These features aim to streamline procedures and increase accuracy in various medical interventions, reflecting the industry’s ongoing efforts to enhance the functionality and effectiveness of snare devices in medical procedures.

Which Market Players Are Driving Growth In The Surgical Snares Market?

Major companies operating in the surgical snares market are Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Zimmer Biomet, Terumo Corporation, Steris, NIPRO Corporation, Teleflex Incorporated, Cook Medical, Integra LifeSciences, ConMed Corporation, PENTAX Medical Corp., JMS Co. Ltd., AngioDynamics Inc., Merit Medical Systems, Argon Medical Devices Inc., pfm medical AG, Endo-Therapeutics Inc., Sklar Surgical Instruments, Endo-Flex GmbH, EndoMed Systems GmbH, Aohua Endoscopy, Blue Endo, ENDO-TECHNIK

How Is The Global Surgical Snares Market Segmented?
The surgical snaresmarket covered in this report is segmented –
1) By Usability: Single-Use, Reusable
2) By Application: GI Endoscopy, Laparoscopy, Urology Endoscopy, Gynecology Endoscopy, Arthroscopy, Bronchoscopy, Mediastinoscopy, Laryngoscopy, Other Applications
3) By End Users: Hospitals, Ambulatory Surgical Centers, Other End Users

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The Surgical Snares Global Market Report 2024 provides an overview of the surgical snaresmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The surgical snares market forecast analyzes surgical snares market size, surgical snares market share, leading competitor and their market positions.

The Table Of Content For The Surgical Snares Market Include

1. Surgical Snares Market Executive Summary
2. Surgical Snares Market Segments
3. Surgical Snares Market Size And Template Market Growth Rate
4.  Key Surgical Snares Market Trends
5. Major Surgical Snares Market Drivers
……
25. Key Mergers And Acquisitions In The Surgical Snares Market
26. Top Surgical Snares Companies
27. Surgical Snares Market Opportunities And Strategies
28. Surgical Snares Market, Conclusions And Recommendations
29. Appendix

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