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Snared Devices Market By Usability, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 248 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713190
The global snared devices market was valued at $950.2 million in 2021, and is projected to reach $1,616.7 million by 2031, registering a CAGR of 5.2% from 2022 to 2031.The snared device is a medical instrument primarily used to remove the tumor or unwanted cell growth from the body. Snared device consists of a wire hoop that can be drawn tight around the base of small tumors or polyps, which cuts them from the bottom. The device functions by using a catheter through an instrument channel of a scoping device and this easy-to-use mechanism helps surgeons efficiently remove damaged or cancerous tissues. Snared devices are important instruments required for different surgical procedure. These devices are used with endoscope in the surgical procedures such as laparoscopy, urology, gastrointestinal endoscopy, and others. In recent years, the market has grown with a rapid step owing to the increase in number of endoscopy procedure.

In addition, endoscopy helps in the diagnosis as well as treatment of gastrointestinal diseases. According to World Health Organization, every year millions of people undergo surgeries globally. These devices are used for particular procedure and commonly used for ear, nose and tonsils surgeries. Further, these devices help remove tumors causing complications that are projected to boost the demand for snared devices. Increase in prevalence of chronic diseases like cancer is one of the major factors attributing to the growth of the snared devices market. According to the Fight Colorectal Cancer.org (FCCO) colorectal cancer is the second leading cause of death among population in the U.S. Besides, increase in number of colon polypectomy procedure and rise in preference for minimally invasive surgeries are anticipated to increase the growth of the snared devices market. Also, increase in number of geriatric populations is anticipated to offer growth opportunity for the manufactures operating in the snared devices market. However, the clinical complications involved in the usage of snared devices is expected to hinder the growth of the snared devices market.

The snared devices market is segmented on the basis of usability, application, end user, and region. Depending on usability, the market is classified into single-use, and reusable. By application, the market is classified into GI endoscopy, urology endoscopy gynecology endoscopy, laparoscopy, arthroscopy, bronchoscopy, mediastinoscopy, laryngoscopy and others. According to end user, the market is segmented into hospitals, and ambulatory surgical centers.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA). North America accounted for the largest market share in the snared devices market in 2021 and is expected to retain its dominance throughout the forecast period. This is primarily attributed to increase in product developments by regional industry players, and rise in adoption of advanced technology to improve clinical outcomes in the region.

The report provides a comprehensive analysis of the key players that operate in the global snared devices market. The key companies profiled in the report include Boston Scientific Corporation, CONMED Corporation, Cook Medical Inc., Hill-Rom Holdings Inc., Johnson and Johnson, Medline Industries, Inc., Medtronic Plc., Merit Medical Systems, Inc., Olympus Corporation, Sklar Corporation, and Steris Plc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the snared devices market analysis from 2021 to 2031 to identify the prevailing snared devices market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the snared devices market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global snared devices market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Usability

  • Single-use
  • Reusable

By Application

  • GI Endoscopy
  • Urology Endoscopy
  • Gynecology Endoscopy
  • Laparoscopy
  • Arthroscopy
  • Bronchoscopy
  • Mediastinoscopy
  • Laryngoscopy
  • Others

By End User

  • Hospitals
  • Type
  • Public
  • Private
  • Ambulatory Surgical Centers

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Boston Scientific Corporation
  • CONMED Corporation
  • Cook Medical Inc.
  • Hill-Rom Holdings Inc.
  • Medline Industries, Inc.
  • Medtronic Plc.
  • Olympus Corporation
  • Sklar Corporation
  • Steris Plc.
Frequently Asked Questions about the Global Snared Devices Market

What is the estimated value of the Global Snared Devices Market?

The Global Snared Devices Market was estimated to be valued at $950.2 million in 2021.

What is the growth rate of the Global Snared Devices Market?

The growth rate of the Global Snared Devices Market is 5.5%, with an estimated value of $1616.7 million by 2031.

What is the forecasted size of the Global Snared Devices Market?

The Global Snared Devices Market is estimated to be worth $1616.7 million by 2031.

Who are the key companies in the Global Snared Devices Market?

Key companies in the Global Snared Devices Market include Boston Scientific Corporation, CONMED Corporation, Cook Medical Inc., Hill, Rom Holdings Inc., Medline Industries, Inc., Medtronic Plc., Olympus Corporation and Steris Plc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: SNARED DEVICES MARKET, BY USABILITY
4.1 Overview
4.1.1 Market size and forecast
4.2 Single-use
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Reusable
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: SNARED DEVICES MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 GI Endoscopy
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Urology Endoscopy
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Gynecology Endoscopy
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Laparoscopy
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Arthroscopy
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Bronchoscopy
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
5.8 Mediastinoscopy
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market analysis by country
5.9 Laryngoscopy
5.9.1 Key market trends, growth factors and opportunities
5.9.2 Market size and forecast, by region
5.9.3 Market analysis by country
6.0 Others
6.0.1 Key market trends, growth factors and opportunities
6.0.2 Market size and forecast, by region
6.0.3 Market analysis by country

CHAPTER 6: SNARED DEVICES MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Hospitals
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.2.4 Hospitals Snared Devices Market by Type
6.2.4.1 Public Market size and forecast, by region
6.2.4.2 Private Market size and forecast, by region
6.3 Ambulatory Surgical Centers
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: SNARED DEVICES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Usability
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End User
7.2.4.1 North America Hospitals Snared Devices Market by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Usability
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Usability
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Usability
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Usability
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End User
7.3.4.1 Europe Hospitals Snared Devices Market by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Usability
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Usability
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Usability
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Usability
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Usability
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Usability
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Usability
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.4.1 Asia-Pacific Hospitals Snared Devices Market by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Usability
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Usability
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Usability
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Usability
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Usability
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Usability
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Usability
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End User
7.5.4.1 LAMEA Hospitals Snared Devices Market by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Usability
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Usability
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Usability
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Usability
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by End User

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Boston Scientific Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 CONMED Corporation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Cook Medical Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Hill-Rom Holdings Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Medline Industries, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Medtronic Plc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Olympus Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Sklar Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Steris Plc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments

List of Tables
Table 1. Global Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 2. Snared Devices Market, for Single-Use, by Region, 2021-2031 ($Million)
Table 3. Snared Devices Market for Single-Use, by Country, 2021-2031 ($Million)
Table 4. Snared Devices Market, for Reusable, by Region, 2021-2031 ($Million)
Table 5. Snared Devices Market for Reusable, by Country, 2021-2031 ($Million)
Table 6. Global Snared Devices Market, by Application, 2021-2031 ($Million)
Table 7. Snared Devices Market, for Gi Endoscopy, by Region, 2021-2031 ($Million)
Table 8. Snared Devices Market for Gi Endoscopy, by Country, 2021-2031 ($Million)
Table 9. Snared Devices Market, for Urology Endoscopy, by Region, 2021-2031 ($Million)
Table 10. Snared Devices Market for Urology Endoscopy, by Country, 2021-2031 ($Million)
Table 11. Snared Devices Market, for Gynecology Endoscopy, by Region, 2021-2031 ($Million)
Table 12. Snared Devices Market for Gynecology Endoscopy, by Country, 2021-2031 ($Million)
Table 13. Snared Devices Market, for Laparoscopy, by Region, 2021-2031 ($Million)
Table 14. Snared Devices Market for Laparoscopy, by Country, 2021-2031 ($Million)
Table 15. Snared Devices Market, for Arthroscopy, by Region, 2021-2031 ($Million)
Table 16. Snared Devices Market for Arthroscopy, by Country, 2021-2031 ($Million)
Table 17. Snared Devices Market, for Bronchoscopy, by Region, 2021-2031 ($Million)
Table 18. Snared Devices Market for Bronchoscopy, by Country, 2021-2031 ($Million)
Table 19. Snared Devices Market, for Mediastinoscopy, by Region, 2021-2031 ($Million)
Table 20. Snared Devices Market for Mediastinoscopy, by Country, 2021-2031 ($Million)
Table 21. Snared Devices Market, for Laryngoscopy, by Region, 2021-2031 ($Million)
Table 22. Snared Devices Market for Laryngoscopy, by Country, 2021-2031 ($Million)
Table 23. Snared Devices Market, for Others, by Region, 2021-2031 ($Million)
Table 24. Snared Devices Market for Others, by Country, 2021-2031 ($Million)
Table 25. Global Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 26. Snared Devices Market, for Hospitals, by Region, 2021-2031 ($Million)
Table 27. Snared Devices Market for Hospitals, by Country, 2021-2031 ($Million)
Table 28. Global Hospitals Snared Devices Market, by Type, 2021-2031 ($Million)
Table 29. Snared Devices Market, for Public, by Region, 2021-2031 ($Million)
Table 30. Snared Devices Market, for Private, by Region, 2021-2031 ($Million)
Table 31. Snared Devices Market, for Ambulatory Surgical Centers, by Region, 2021-2031 ($Million)
Table 32. Snared Devices Market for Ambulatory Surgical Centers, by Country, 2021-2031 ($Million)
Table 33. Snared Devices Market, by Region, 2021-2031 ($Million)
Table 34. North America Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 35. North America Snared Devices Market, by Application, 2021-2031 ($Million)
Table 36. North America Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 37. North America Hospitals Snared Devices Market, by Type, 2021-2031 ($Million)
Table 38. North America Snared Devices Market, by Country, 2021-2031 ($Million)
Table 39. U.S. Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 40. U.S. Snared Devices Market, by Application, 2021-2031 ($Million)
Table 41. U.S. Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 42. Canada Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 43. Canada Snared Devices Market, by Application, 2021-2031 ($Million)
Table 44. Canada Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 45. Mexico Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 46. Mexico Snared Devices Market, by Application, 2021-2031 ($Million)
Table 47. Mexico Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 48. Europe Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 49. Europe Snared Devices Market, by Application, 2021-2031 ($Million)
Table 50. Europe Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 51. Europe Hospitals Snared Devices Market, by Type, 2021-2031 ($Million)
Table 52. Europe Snared Devices Market, by Country, 2021-2031 ($Million)
Table 53. Germany Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 54. Germany Snared Devices Market, by Application, 2021-2031 ($Million)
Table 55. Germany Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 56. France Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 57. France Snared Devices Market, by Application, 2021-2031 ($Million)
Table 58. France Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 59. U.S.ared Devices Market, by Usability, 2021-2031 ($Million)
Table 60. U.S.ared Devices Market, by Application, 2021-2031 ($Million)
Table 61. U.S.ared Devices Market, by End-user, 2021-2031 ($Million)
Table 62. Italy Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 63. Italy Snared Devices Market, by Application, 2021-2031 ($Million)
Table 64. Italy Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 65. Spain Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 66. Spain Snared Devices Market, by Application, 2021-2031 ($Million)
Table 67. Spain Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 68. Rest of Europe Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 69. Rest of Europe Snared Devices Market, by Application, 2021-2031 ($Million)
Table 70. Rest of Europe Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 71. Asia-Pacific Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 72. Asia-Pacific Snared Devices Market, by Application, 2021-2031 ($Million)
Table 73. Asia-Pacific Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 74. Asia-Pacific Hospitals Snared Devices Market, by Type, 2021-2031 ($Million)
Table 75. Asia-Pacific Snared Devices Market, by Country, 2021-2031 ($Million)
Table 76. Japan Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 77. Japan Snared Devices Market, by Application, 2021-2031 ($Million)
Table 78. Japan Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 79. China Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 80. China Snared Devices Market, by Application, 2021-2031 ($Million)
Table 81. China Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 82. Australia Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 83. Australia Snared Devices Market, by Application, 2021-2031 ($Million)
Table 84. Australia Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 85. India Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 86. India Snared Devices Market, by Application, 2021-2031 ($Million)
Table 87. India Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 88. South Korea Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 89. South Korea Snared Devices Market, by Application, 2021-2031 ($Million)
Table 90. South Korea Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 91. Rest of Asia-Pacific Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 92. Rest of Asia-Pacific Snared Devices Market, by Application, 2021-2031 ($Million)
Table 93. Rest of Asia-Pacific Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 94. LAMEA Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 95. LAMEA Snared Devices Market, by Application, 2021-2031 ($Million)
Table 96. LAMEA Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 97. LAMEA Hospitals Snared Devices Market, by Type, 2021-2031 ($Million)
Table 98. LAMEA Snared Devices Market, by Country, 2021-2031 ($Million)
Table 99. Brazil Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 100. Brazil Snared Devices Market, by Application, 2021-2031 ($Million)
Table 101. Brazil Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 102. Saudi Arabia Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 103. Saudi Arabia Snared Devices Market, by Application, 2021-2031 ($Million)
Table 104. Saudi Arabia Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 105. South Africa Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 106. South Africa Snared Devices Market, by Application, 2021-2031 ($Million)
Table 107. South Africa Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 108. Rest of LAMEA Snared Devices Market, by Usability, 2021-2031 ($Million)
Table 109. Rest of LAMEA Snared Devices Market, by Application, 2021-2031 ($Million)
Table 110. Rest of LAMEA Snared Devices Market, by End-user, 2021-2031 ($Million)
Table 111. Boston Scientific Corporation: Company Snapshot
Table 112. Boston Scientific Corporation: Operating Segments
Table 113. Boston Scientific Corporation: Product Portfolio
Table 114. Boston Scientific Corporation: Net Sales
Table 115. Boston Scientific Corporation: Key Strategies
Table 116. Conmed Corporation: Company Snapshot
Table 117. Conmed Corporation: Operating Segments
Table 118. Conmed Corporation: Product Portfolio
Table 119. Conmed Corporation: Net Sales
Table 120. Conmed Corporation: Key Strategies
Table 121. Cook Medical Inc.: Company Snapshot
Table 122. Cook Medical Inc.: Operating Segments
Table 123. Cook Medical Inc.: Product Portfolio
Table 124. Cook Medical Inc.: Net Sales
Table 125. Cook Medical Inc.: Key Strategies
Table 126. Hill-Rom Holdings Inc.: Company Snapshot
Table 127. Hill-Rom Holdings Inc.: Operating Segments
Table 128. Hill-Rom Holdings Inc.: Product Portfolio
Table 129. Hill-Rom Holdings Inc.: Net Sales
Table 130. Hill-Rom Holdings Inc.: Key Strategies
Table 131. Medline Industries, Inc.: Company Snapshot
Table 132. Medline Industries, Inc.: Operating Segments
Table 133. Medline Industries, Inc.: Product Portfolio
Table 134. Medline Industries, Inc.: Net Sales
Table 135. Medline Industries, Inc.: Key Strategies
Table 136. Medtronic PLC.: Company Snapshot
Table 137. Medtronic PLC.: Operating Segments
Table 138. Medtronic PLC.: Product Portfolio
Table 139. Medtronic PLC.: Net Sales
Table 140. Medtronic PLC.: Key Strategies
Table 141. Olympus Corporation: Company Snapshot
Table 142. Olympus Corporation: Operating Segments
Table 143. Olympus Corporation: Product Portfolio
Table 144. Olympus Corporation: Net Sales
Table 145. Olympus Corporation: Key Strategies
Table 146. Sklar Corporation: Company Snapshot
Table 147. Sklar Corporation: Operating Segments
Table 148. Sklar Corporation: Product Portfolio
Table 149. Sklar Corporation: Net Sales
Table 150. Sklar Corporation: Key Strategies
Table 151. Steris PLC.: Company Snapshot
Table 152. Steris PLC.: Operating Segments
Table 153. Steris PLC.: Product Portfolio
Table 154. Steris PLC.: Net Sales
Table 155. Steris PLC.: Key Strategies

List of Figures
Figure 1. Snared Devices Market Segmentation
Figure 2. Snared Devices Market, 2021-2031
Figure 3. Snared Devices Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Snared Devices Mark.:Drivers, Restraints and Opportunities
Figure 12. Snared Devices Market, By Usability, 2021(%)
Figure 13. Comparative Share Analysis of Single-Use Snared Devices Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Reusable Snared Devices Market, 2021-2031(%)
Figure 15. Snared Devices Market, By Application, 2021(%)
Figure 16. Comparative Share Analysis of Gi Endoscopy Snared Devices Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Urology Endoscopy Snared Devices Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Gynecology Endoscopy Snared Devices Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Laparoscopy Snared Devices Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Arthroscopy Snared Devices Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Bronchoscopy Snared Devices Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Mediastinoscopy Snared Devices Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Laryngoscopy Snared Devices Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Others Snared Devices Market, 2021-2031(%)
Figure 25. Snared Devices Market, By End-user, 2021(%)
Figure 26. Comparative Share Analysis of Hospitals Snared Devices Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Ambulatory Surgical Centers Snared Devices Market, 2021-2031(%)
Figure 28. Snared Devices Market by Region, 2021
Figure 29. U.S. Snared Devices Market, 2021-2031($Million)
Figure 30. Canada Snared Devices Market, 2021-2031($Million)
Figure 31. Mexico Snared Devices Market, 2021-2031($Million)
Figure 32. Germany Snared Devices Market, 2021-2031($Million)
Figure 33. France Snared Devices Market, 2021-2031($Million)
Figure 34. Uk Snared Devices Market, 2021-2031($Million)
Figure 35. Italy Snared Devices Market, 2021-2031($Million)
Figure 36. Spain Snared Devices Market, 2021-2031($Million)
Figure 37. Rest of Europe Snared Devices Market, 2021-2031($Million)
Figure 38. Japan Snared Devices Market, 2021-2031($Million)
Figure 39. China Snared Devices Market, 2021-2031($Million)
Figure 40. Australia Snared Devices Market, 2021-2031($Million)
Figure 41. India Snared Devices Market, 2021-2031($Million)
Figure 42. South Korea Snared Devices Market, 2021-2031($Million)
Figure 43. Rest of Asia-Pacific Snared Devices Market, 2021-2031($Million)
Figure 44. Brazil Snared Devices Market, 2021-2031($Million)
Figure 45. Saudi Arabia Snared Devices Market, 2021-2031($Million)
Figure 46. South Africa Snared Devices Market, 2021-2031($Million)
Figure 47. Rest of LAMEA Snared Devices Market, 2021-2031($Million)
Figure 48. Top Winning Strategies, by Year
Figure 49. Top Winning Strategies, by Development
Figure 50. Top Winning Strategies, by Company
Figure 51. Product Mapping of Top 10 Players
Figure 52. Competitive Dashboard
Figure 53. Competitive Heatmap of Top 10 Key Players
Figure 54. Boston Scientific Corporatio.: Net Sales, ($Million)
Figure 55. Conmed Corporatio.: Net Sales, ($Million)
Figure 56. Cook Medical Inc.: Net Sales, ($Million)
Figure 57. Hill-Rom Holdings Inc.: Net Sales, ($Million)
Figure 58. Medline Industries, Inc.: Net Sales, ($Million)
Figure 59. Medtronic plc.: Net Sales, ($Million)
Figure 60. Olympus Corporatio.: Net Sales, ($Million)
Figure 61. Sklar Corporatio.: Net Sales, ($Million)
Figure 62. Steris plc.: Net Sales, ($Million)

Executive Summary

According to the report, “Snared Devices Market," the snared devices market size was valued at $950.2 million in 2021, and is estimated to reach $1,616.7 million by 2031, growing at a CAGR of 5.2% from 2022 to 2031. Snared device is an instrument used for removing polyps and other elongated stalk of tissue growth by cutting them off at the base. Surgical snared device consists of wire hoop that can be drawn tight around the base of polyps or small tumors which cuts them from the base. It helps physicians remove tumor or unwanted cell growth from the body. Snared device comprises an outer sleeve and an inner push rod, which is mounted with an end cap at the distal end of the outer sleeve. The device functions by using a catheter through an instrument channel of a scoping device (endoscope or colonoscope). The loop of the wire is resilient, and when extended beyond the sheath, it tends to open in a round space for hooking over a polyp. It is the most common treatment of polyp.

The snared devices market size is primarily driven by various factors such as rise in number of ambulatory surgery centers offering polypectomy procedures and the growing preference for minimally invasive surgeries. A significant increase in the number of gastrointestinal procedures in the U.S. and other developed economies is anticipated to support the market growth during the forecast period. Moreover, increase in prevalence of chronic kidney diseases, rise in geriatric population suffering from chronic conditions, and surge in patient awareness are among the other factors foster the market growth.

The increase in prevalence of cancer is one of the key factors expected to contribute toward the growth of the snared devices market during the snared devices market forecast period. According to the WHO, worldwide cancer incidence (cases per year) was nearly 14.1 million, which is expected to rise to 22 million by 2034. Breast cancer, lung cancer, and colorectal cancer are among the most common cancer types. Increased patient awareness about colorectal cancer is also propelling the snared devices market trends. Colorectal cancer is the most common type of cancer detected in men and women in the U.S. According to the American Cancer Society, in 2019, around 1 million patients have been diagnosed with colon cancer; around 44,000 patients have been diagnosed with rectal cancer, and it is anticipated to cause around 52,980 deaths in 2021.

High prevalence of diseases, such as, chronic kidney diseases, and colon cancer, rise in geriatric population with increase in kidney and colon surgery, increase in snared devices industry and increase in research and development initiatives are expected to drive the growth of the global surgical snared device market during the forecast period. Further, growth of endoscopic ambulatory surgical centers, rise in preference for minimally invasive surgeries, and aggressive marketing done by medical devices companies are estimated to propel the growth of the snared devices market share. Technological advancements in minimally invasive surgeries are further expected to drive the demand for endoscopy procedures, which, in turn, is anticipated to fuel the growth of the snared devices market analysis. For instance, in March 2018, Auris Health, Inc. received FDA approval for its new robotic endoscopy system, Monarch Platform.

The snared devices market is segmented on the basis of usability, application, end user, and region. By usability, it is categorized into single-use, and reusable. Depending on application, it is classified into GI endoscopy, urology endoscopy gynecology endoscopy, laparoscopy, arthroscopy, bronchoscopy, mediastinoscopy, laryngoscopy and others. According to end user, the market is segmented into hospitals, and ambulatory surgical centers. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

By usability, the single use segment generated the highest revenue in the snared devices market in 2021 owing to extensive product applicability across various surgeries. By application, the GI endoscopy segment generated the highest revenue in the snared devices market in 2021, owing to increased burden of functional gastrointestinal diseases and rise in geriatric population across the globe. In addition, increase in number of upper gastrointestinal procedures performed and the growth in the adoption of endoscopes for the treatment and diagnosis of gastrointestinal diseases drive the segment growth.

By end user, the hospitals segment generated the highest revenue in the snared devices market in 2021, owing to factors such as well-resourced diagnostic rooms, well equipped operation theatre, higher buying power, availability of highly qualified healthcare practitioners, and increase in health coverage for hospital-based healthcare services from several private & group insurance programs.

By region, North America accounted for the largest market share in the snared devices market in 2021 and is expected to retain its dominance throughout the forecast period. This is primarily attributed to increase in product developments by regional industry players, and rise in adoption of advanced technology to improve clinical outcomes in the region.

Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period. High population base, rapidly developments in healthcare infrastructure, establishment of research organizations, and increase in investments in medical devices industry fuel the growth of the market in this region.

The report provides a comprehensive analysis of the key players that operate in the global snared devices market. The key companies profiled in the report include Boston Scientific Corporation, CONMED Corporation, Cook Medical Inc., Hill-Rom Holdings Inc., Johnson and Johnson, Medline Industries, Inc., Medtronic Plc., Merit Medical Systems, Inc., Olympus Corporation, Sklar Corporation, and Steris Plc.

Participants in the snared devices market are becoming competitive in product pricing to adapt to the fluctuating demand sentiments amid the ongoing COVID-19 pandemic. The demand for snared devices is projected to increase at a sluggish pace, owing to delay in medical diagnosis and postponement of elective procedures. As such, import and export of snared devices is estimated to rise due to reopening of country borders. These push and pull demand trends are slowing down the growth of the snared market.

Key Findings of the Study

  • On the basis of usability, the single segment held largest share in the global market in 2021.
  • On the basis of application, the GI endoscopy segment held the largest market share in 2021, and is expected to remain dominant throughout the forecast period.
  • On the basis of end user, the hospitals segment held the largest market share in 2021, and is expected to remain dominant throughout the forecast period.
  • Region wise, North America is expected to experience the highest market share during the forecast period.

Companies Mentioned

  • Boston Scientific Corporation
  • CONMED Corporation
  • Cook Medical Inc.
  • Hill-Rom Holdings Inc.
  • Medline Industries, Inc.
  • Medtronic Plc.
  • Olympus Corporation
  • Sklar Corporation
  • Steris Plc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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