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Surgical Snares Market Trends

Report ID: GMI5641
Published Date: May 2023
Report Format: PDF

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Surgical Snares Market Trends

The increasing prevalence of gastrointestinal disorders, colorectal cancer, Crohn’s disease, etc. is projected to drive the demand for minimally invasive procedures including polypectomy that employs surgical snares, thereby propelling the industry growth. Colorectal cancer is amongst the most common type of cancer reported in the U.S.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Market size for surgical snares was USD 1.1 billion in 2022 and is estimated to record over USD 2.2 billion by 2032 due to the surging burden of chronic conditions, such as gastrointestinal disorders and colorectal cancer.

The single-use usability segment held more than 61% of the surgical snares industry share in 2022 due to the increasing need for lowered risk of contamination, high efficiency, and easy to use factors.

Surgical snares industry share from hospitals reached over USD 695 million in 2022 and will significantly expand through 2032 due to the higher availability of advanced equipment, better medical accessibility, faster care, and the high volume of surgeries.

Demand for surgical snares in the U.S. will reach more than USD 818 million by 2032 on account of the rapidly increasing geriatric population in the region.