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Surgical Snare Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4290

Surgical Snare Market Size is expected to observe a lucrative CAGR between 2022 and 2028. These medical instruments are used for removing growths from tissue surfaces, particularly when they are situated inside a body cavity. Common growths addressed with surgical snares comprise lymphoid tissue (tonsils), tumors, and polyps. Surgical snares are prominently deployed in clinics that perform outpatient surgeries and hospital operating rooms.
 

The usage of these instruments helps in the simplification of procedures for the surgeon further enhancing patient safety by minimizing the risks of inadvertent injury.
 

On the basis of product type, single use surgical snares segment is expected to record considerable expansion through 2028 owing to the extensive product applicability across various surgeries. Single use snares can be used in the management of different types of polyps such as legions on a colonic fold, lesions on the right-side of the colon, and large or flat lesions. Some of the key features of single use snares include hot/cold indication, smaller loop options, braided wire, and others.
 

Based on application, the surgical snare market is estimated to register substantial growth from the GI endoscopy segment through 2028. This rise is mainly attributed to the escalating deployment of polypectomy snares in the process of endoscopic resection for the treatment of gastrointestinal polyps. The different types of effective and safe resection methods comprise endoscopic mucosal resection, cold snare polypectomy, hot snare polypectomy, and underwater endoscopic mucosa resection.
 

The segment growth is being driven by the launch of different types of polypectomy snares for catering to various GI endoscopy procedures.
 

By region, the North America surgical snare market share is set to witness appreciable expansion over the forecast period. This growth is powered by an increase in product developments by regional industry players. Citing an instance, in April 2021, Argon Medical Devices rolled out its Halo single-loop snare kits in the U.S. The kits have been designed for providing reliability and accuracy when manipulating and retrieving foreign objects from the hollow viscus or cardiovascular system.
 

Prominent players across the surgical snare market comprise Olympus, CONMED, Medline Industries, Boston Scientific, Medtronic, Merit Medical Systems, Cook Medical, Avalign Technologies, Steris, and others. Numerous surgical snare manufacturers are focusing on the adoption of strategic moves such as mergers, acquisitions, product developments, collaborations, and partnerships for gaining a competitive edge in the market.
 

For instance, in December 2020, Olympus Corporation announced its acquisition of advanced medical devices provider, Veran Medical Technologies, Inc. The move will enable Olympus to gain access to VMT’s R&D, marketing, sales network, manufacturing, and other functions for the expansion of the company’s product portfolio.
 

Assessment of COVID impact on surgical snare market expansion

Amid the SARS-CoV-2 pandemic, surgeons are being redeployed to care for patients in emergency departments and intensive care units and these people are at the forefront of patient care. This has created the need for effective medical devices in light of the soaring requirement for handling surgical patient care.
 

According to the American College of Surgeons, there should be a consistent policy for the protection of essential medical services including surgery. This has opened up a host of opportunities for the development of technologically advanced surgical snare tools, propelling industry outlook in the near future.
 

The surgical snare market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, By Product Type

  • Single use
  • Reusable

Market, By Application

  • GI endoscopy
  • Laryngoscopy
  • Laparoscopy
  • Gynecology endoscopy
  • Bronchoscopy
  • Urology endoscopy
  • Others

Market, By End-user

  • Hospitals
  • Ambulatory surgical centers (ASCs)
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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