The demand for endoscopic snares is increasing due to various factors such as the rising number of surgeries performed in the world and the increasing cases of chronic diseases. Chronic diseases like kidney disorder and cardiovascular diseases are the chief factor that increases the demand for endoscopic snares during the forecast period from 2021 to 2031 across the globe.
The rising demand for minimally invasive surgical procedures and imaging techniques also enhances the growth of endoscopic snares during the forecast period from 2021 to 2031 in the world.
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Also, an increase in the number of gastrointestinal procedures supports the growth of endoscopic snares shortly from 2021 to 2031.
For instance, according to WHO, there were approximately 9.8 million deaths registered in the world in 2018. To reduce the number of deaths early detection of cancer is important.
Therefore, with the rising prevalence of cancer the endoscopic snares market will also grow during the forecast period from 2021 to 2031.
For instance, according to a publication of the American Cancer Society journal, A Cancer Journal for Clinicians, there were approximately 1.8 million new cases registered in the U.S. in 2020.
Therefore, the sale of endoscopic snares will be increased in the region during the forecast period from 2021 to 2031.
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Older adults of 65 and above age are more prone to various chronic diseases. According to WHO, 20% population of Europe comprises 65 and above age in 2020 i.e. approximately equal to 91 million.
Therefore, the sale of endoscopic snares will be enhanced in the region during the forecast period from 2021 to 2031.
- Medtronic
- Boston Scientific Corporation
- Medline Industries Inc.
- Olympus Corporation
- Cook Medical
- CONMED Corporation
- Steris Corporation
- Merit Medical Systems
- Others.
They follow strategies like merger & acquisition, new product launch, partnership or collaborations, patent gaining and getting FDA approval. For instance, in April 2021, Medtronic collaborated with Surgical Theater that strengthens the Medtronic cranial product portfolio.
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Key Segments:
By Product Type
- Oval snare with spikes
- Spiral oval snare
- Snare inflator
- Rotatable snare
By Usability
- Single-Use
- Reusable
By Application
- GI Endoscope
- Laparoscopy
- Urology Endoscopy
- Gynaecology Endoscopy
- Other
By End-User
- Hospitals
- Ambulatory Surgical Centres
- Specialized Clinics
- Others
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
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