Market Size of Surgical Snare Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Surgical Snare Market Analysis
The surgical snare market is projected to grow with a CAGR of nearly 4.9% over the forecast period. The major factor attributing to the growth of the market increasing prevalence of chronic diseases like cancer.
According to the Fight Colorectal Cancer organization, colorectal cancer is the second leading cause of cancer death among men and women combined in the United States. There will be an estimated 140,250 new cases of colorectal cancer in 2019. Furthermore, the growing preference towards minimally invasive surgeries and growth of the endoscopic ambulatory surgery centers are few other major factors for the market growth.
Rising investments in the endoscopy instruments by the hospitals is boosting the growth of the market. However, the clinical complications involved in the usage of snares is the major drawback for market growth.
