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Endoluminal Suturing Devices Market Share

Report ID: GMI3005
Published Date: Jul 2021
Report Format: PDF

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Endoluminal Suturing Devices Market Share

A few key companies operating in the market are

Johnson and Johnson
Apollo Endosurgery
Medtronic plc

These market participants are focusing on numerous strategies such as acquisitions, mergers, partnerships, new product launches, and collaborations to increase their revenue share for endoluminal suturing devices.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The market size was valued at USD 56.6 million in 2020 and is pegged to record a 12.2% CAGR up to 2027 driven by the increasing prevalence of obesity and related diseases across the globe.

The overall market share from the GI defects application segment exceeded USD 24.5 million in 2020 and will rise with the higher prevalence of gastrointestinal diseases.

Hospitals accounted for close to 58.9% of revenue share in 2020 owing to the increasing popularity of minimally invasive surgical procedures in these settings.

The North America market is expected to see an 11.4% growth rate through 2027 driven by the growing instances of bariatric surgeries and the higher adoption of sedentary lifestyles in the region.