Surgical Snare Market is expected to reach USD 1,255 million by 2023

Posted by Rahul G on January 22nd, 2021

The market for surgical snare is expected to grow from USD 992 million in 2018 to USD 1,255 million by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The study involved 4 major activities in estimating the current market size for surgical snares. Exhaustive secondary research was done to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

https://www.marketsandmarkets.com/Market-Reports/surgical-snare-market-109649493.html

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, Forbes, and Dun & Bradstreet have been referred to, so as to identify and collect information useful for a technical, market-oriented, and commercial study of the surgical snares market. These secondary sources included annual reports, press releases & investor presentations of companies, Bio-Process Systems Alliance (BPSA), BioProcess International, National Center for Biotechnology Information (NCBI), International Society for Pharmaceutical Engineering (ISPE), World Intellectual Property Organization (WIPO), and Life Science Leader Journal. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation, according to the industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Report Objectives

• To define, segment, and project the global market size for surgical snares  
• To understand the structure of the surgical snares market by identifying its various sub-segments
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To project the size of the market and its sub-markets, in terms of value and volume, with respect to 4  regions (along with their respective key countries)
• To profile key players and comprehensively analyze their core competencies
• To understand the competitive landscape and identify the major growth strategies adopted by players across key regions
• To analyze the competitive developments such as expansions & investments, new product launches, and acquisitions in the surgical snares market

The market for surgical snare is expected to grow from from USD 992 million in 2018 to USD 1255 million by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The major driving factors in the surgical snare market are increasing number for colon polypectomy procedures, growth of the endoscopic ambulatory surgical centers, and a rising preference for minimally invasive surgeries are the key factors.