Surgical Snare Device Market | Trends, Share, Growth Rate, Opportunities and Market Forecast 2018-2026

Surgical snare device is an instrument used for removing polyps and other elongated stalk of tissue growth by cutting them off at the base. Surgical snare device consists of wire hoop that can be drawn tight around the base of polyps or small tumors which cuts them from the base.

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It helps physicians remove tumor or unwanted cell growth from the body. Surgical snare 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. Rise in incidence of colon cancer and increase in adoption of single-use devices are likely to boost the preference of physicians to treat patients with surgical snare devices. Moreover, technological progress in surgical diagnostic technique approaches and development of medical sensors along with surgical snares are also paving the way for early diagnosis and treatment of tumor in the near future.

High prevalence of diseases, such as, chronic kidney diseases, colon cancer, etc., rising geriatric population with increase in kidney and colon surgery, and increasing research and development initiatives are expected to drive the growth of the global surgical snare device market during the forecast period. Further, growth of endoscopic ambulatory surgical centers, rising preference for minimally invasive surgeries, and aggressive marketing done by medical devices companies are also estimated to propel the global surgical snare device market.

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Favorable reimbursements and novel treatment procedures are likely to provide growth opportunities to the surgical snare device market during the forecast period.  However, use of surgical snare devices without anesthesia and spread of infection due to improper insertion of snares are likely to be the major restraints of the surgical snare device market in the near future.

The global surgical snare device market can be segmented based on product type, application, design, end-user, and region. Tin terms of product type, the market can be classified into reusable surgical snares and single-use surgical snares. Based on application, the surgical snare device market can be divided into gastrointestinal (GI) endoscopy, laparoscopy, gynecology/obstetrics endoscopy, arthroscopy, urology endoscopy (cystoscopy), laryngoscopy, bronchoscopy, and others. Gastrointestinal (GI) endoscopy application is a rapidly expanding segment owing to significant increase in the number of colonoscopy procedures performed across the world.

Rise in aging population and unhealthy food habits of people are likely to boost the incidence of kidney cancer, thereby leading to increase in gastrointestinal (GI) endoscopy in the near future. In terms of design, the surgical snare device market can be segmented into oval snare, spiral snare, inflator snare, rotatable snare, and others. By end-user, the market can be segregated into research institutes and hospitals, ambulatory surgical centers, clinics, and others. In terms of region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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North America dominates the global surgical snare device market due to the large pool of geriatric patients suffering from urinary disorders and colon cancer, rise in the number of devices receiving regulatory approvals, and increase in the demand for new and advanced devices for clinical test in the region. Increase in the number of colonoscopy procedures performed in the U.S. and rise in early phase diagnosis of tumor and treatment of bladder stone diseases are driving the pharmaceutical and medical devices industries, which in turn, is expected to boost the surgical snare device market in North America.

Europe is the second-leading market for surgical snare devices, as favorable government policies regarding the development of health care infrastructure are prevalent in the region. Expansion of research and development units and clinical labs in Europe is another key factor expected to propel the surgical snare device market in the region. The surgical snare device market in Asia Pacific is estimated to grow rapidly during the forecast period due to increase in geriatric population which is prone to chronic diseases of kidney, bladder, colon, etc.

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Increasing awareness among patients about gastrointestinal diseases, overactive neurological problems, and rising per capita expenditure are the other factors which are likely to positively influence the growth of the surgical snare device market in Asia Pacific. Additionally, economic growth in India and China is supporting health care infrastructure and expansion of pharmaceutical companies and medical devices labs in these countries, which is likely to boost the growth of the surgical snare device market in Asia Pacific during the forecast period.

Major players operating in the global surgical snare device market are Olympus, Boston Scientific, Sklar Surgical Instruments, Avalign Technologies, Hill-Rom Holdings Inc., Steris, Merit Medical Systems, Cook Medical, CONMED, Medtronic, DeRoyal Industries, Inc., and Aspen Surgical.

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