Home > Healthcare > Medical Devices > Surgical Devices > Endoluminal Suturing Devices Market
Endoluminal Suturing Devices Market Size
- Report ID: GMI3005
- Published Date: Jul 2021
- Report Format: PDF
Endoluminal Suturing Devices Market Size
Endoluminal Suturing Devices Market size exceeded USD 56.6 million in 2020 and is predicted to grow at a CAGR of over 12.2% between 2021 and 2027. The rising pervasiveness of obesity coupled with obesity-related diseases will boost the market growth. The rising incidence of gastrointestinal defects is attributable to the adoption of a sedentary lifestyle along with an unhealthy diet and alcohol abuse that will further fuel the market expansion. Moreover, the rising prevalence of the chronic disease will spur the market progression during the forecast timeframe.
The spread of the COVID-19 pandemic across the globe had impacted the market negatively in 2020. The medical device market witnessed a drop in the sales of endoluminal suturing devices during pandemic. Due to the increasing COVID-19 infection, the hospitals suspended or postponed the non-essential surgical and non-invasive procedures. These procedures fall under elective surgical procedures because they are not critical or life-saving surgeries. Owing to the pandemic, the healthcare system has restructured to avoid overcrowding at the hospitals.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Endoluminal Suturing Devices Market Size in 2020: | 56.6 Million (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 12.2% |
| 2027 Value Projection: | 119.8 Million (USD) |
| Historical Data for: | 2016 to 2020 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 120 |
| Segments covered: | Application, End-user and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Endoluminal Suturing Devices Market Scope
