Surgical Snares Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theSurgical Snares Market?
The increasing preference for minimally invasive surgeries is expected to propel the growth of the surgical snares market. These surgeries are preferred due to their quicker recovery times, reduced postoperative pain, and lower complication risks. Surgical snares assist in the precise removal of tissues through small incisions, ensuring minimal damage to surrounding areas. The American Society of Plastic Surgeons reported a 7% increase in minimally invasive procedures from 2022 to 2023. This growing preference is driving the surgical snares market.
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How Will the Growth Rate of theSurgical Snares Market Impact Industry Trends by 2034?
The surgical snares market size has grown strongly in recent years. It will grow from $1.43 billion in 2024 to $1.55 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to expanding healthcare infrastructure, government initiatives and funding, rising number of surgical procedures, growth in outpatient surgical procedures, and increase in surgical training programs.
The surgical snares market is expected to reach $2.1 billion by 2029 at a CAGR of 8.0%. The growth is attributed to the increasing prevalence of chronic diseases, the aging population, higher diagnostic procedure volumes, and increased healthcare expenditure. Trends include advancements in minimally invasive surgery, advanced snare designs, integration of advanced surgical technologies, and the demand for precision medicine.
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Which Upcoming Market Trends and Innovations Are Set to Influence theSurgical Snares Market’s Path Forward?
Companies in the surgical snares market are creating innovative products like single-use snare probes to improve safety, procedural efficiency, and reduce cross-contamination risks. For example, in December 2023, LeoMed Medical Co., Ltd., a China-based medical device company, introduced the Single-use Snare Probe (AIO), which combines multiple functions like marking, incision, dissection, and polypectomy, streamlining Endoscopic Submucosal Dissection (ESD) procedures. This device reduces surgery time, instrument changes, and costs.
Who Are the Dominant Market Players Pushing the Boundaries of theSurgical 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
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What Are the Core Segments of the Surgical Snares Market, and How Do They Contribute to Growth?
The surgical snares market 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
Subsegments:
1) By Single-Use: Pre-Sterilized Single-Use Surgical Snares, Non-Sterilized Single-Use Surgical Snares
2) By Reusable: Reusable Surgical Snares With Detachable Tips, Reusable Surgical Snares With Fixed Tips
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What Regions Are Dominating the Surgical Snares Market Growth?
North America was the largest region in the surgical snares market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical snares market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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