Polaris Market Research recently published [115+ Pages] research report on “Endoluminal Suturing Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Bariatric Surgery, Gastrointestinal Surgery, GERD Surgery, and Others); By End Use; By Region; Segment Forecast, 2022 – 2030” in its research database.
As per the research study, the global endoluminal suturing devices market size was valued at USD 70.77 million in 2021 and is expected to reach USD 191.4 Million by 2030, growing at a CAGR of 11.87% during the forecast period.
What is the Expected Endoluminal Suturing Devices Market Size & Share in the Global Market?
Endoluminal suturing devices are the tools comprehensively used for the surgeries such as abdominal surgeries, open surgeries, gastrointestinal surgeries, and endoscopies. These tools are utilized in the different minimally invasive treatments on hollow organs for surgical procedures such as stapling and suturing.
The endoscope can be put inside the body through the anus or mouth; due to this, there is no requirement to make a cut to reach the problem area. The demand for endoscopic suturing tools is rising rapidly, which is anticipated to uplift the endoluminal suturing devices market share during the forecast period.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Key Highlights of the Report
- A detailed analysis of the market and sub-market forecast
- Extensive details and analysis of contracts, projects, and programs
- Analysis of technological trends and how these shape the endoluminal suturing devices industry
- The in-depth description of technical factors and political regulatory
- Outline of leading companies operating within the sector
- SWOT analysis of the major key players operating in the market, together with the opportunities available and the key threads faces
Some of the Top Market Players Are:
- Apollo Endosurgery
- Ethicon Endo-Surgery
- Cook Group
- USGI Medical
- Ovesco Endoscopy
- Endo Tools Therapeutics
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Growth Driving Factors
- Rising diseases and surgeries are propelling the market
The endoluminal suturing devices market demand is rising due to the frequency of chronic diseases rising due to growing cases of unhealthy lifestyles. The rising requirement for endoluminal suturing products is expected to raise the number of bariatric procedures growth, and the evolution of new technologies to fulfill developing client demands is expected to fuel the industry demand over the assessment period. Also, increasing demand for weight loss procedures owing to growing awareness of living a healthy lifestyle combined with rising acceptance of endoluminal practices as a familiar technique to accelerate the weight reduction process is expected to boost the market.
Moreover, as the frequency of gastrointestinal diseases is rising it is predicted to boost the demand for the industry. Growing diseases, surgeries, and the rising demand for minimally invasive procedures and advancement in technology in that direction are the major factors responsible for the endoluminal suturing devices market size expansion and is anticipated to grow at a considerable rate during the foreseen period.
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- In September 2022, ENDOQUEST Robotics announced the development of the Endoluminal Surgical (ELS) System, a flexible endoluminal robotic system enabling scar-free and minimally invasive surgical procedures.
- In December 2021, a novel robotic procedure developed for lung biopsy detected an imperceptible cancerous nodule at the far extremes of the lungs.
- The GERD Surgery segment is anticipated to grow at a significant rate
On the basis of application, the GERD surgery segment is expected to boost the market over the assessment period. The factors responsible for the segment’s dominance are the rising frequency of acid reflux disease between the number of patients, combined with the adoption of endoluminal suturing as a systematized method of Gastro Esophageal Reflux Disease (GERD) management. Also, the segment is examined as the fastest growing segment due to the growing number of hospital admissions rising with GERD’s primary complaints.
- The hospital’s segment is considered the highest market share
On the basis of end-use, the endoluminal suturing devices market segmentations are classified into hospitals, ambulatory surgical centers, and others. Out of all the hospitals’, the segment is examined as the largest market share in 2021 and is anticipated to maintain its dominance over the study period. The accountable factor for the region’s dominance is the growing frequency of chronic diseases and the rising number of bariatric surgeries.
Furthermore, surgical centers are considered the second-largest market share in 2021, and the segment is expected to maintain its dominance over the examination period. This is due to the factors such as beneficial surgical settings, better patient affordability, and the increasing trend among surgeons setting up a private surgical center to boost their freedom of practice.
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Endoluminal Suturing Devices Market: Report Scope
|Market Outlook for 2030||USD 191.4 Million|
|Market Size 2022 Value||USD 78.03 Million|
|Expected CAGR Growth||11.87% from 2022 – 2030|
|Forecast Year||2022 – 2030|
|Top Market Players||Apollo Endosurgery, Inc., Ethicon Endo-Surgery, Medtronic Plc., Cook Group Incorporated, USGI Medical, Ovesco Endoscopy AG, Endo Tools Therapeutics S.A., ErgoSuture and Sutrue Ltd.|
|Segments Covered||By Application, By End Use, By Region|
|Customization Options||Customized purchase options are available to meet your research needs. Explore customized purchase options|
- North America is accounted for the significant market share
On a geographical basis, the North American region is anticipated to account for the highest market share over the foreseen period. The region is anticipated to dominate the endoluminal suturing devices industry due to the factors such as the rising number of healthcare institutions offering endoluminal procedures, the growing number of surgeries, the existence of a huge patient population, and adequate reimbursement policies. Also, the hospitals are offering crucial endoluminal procedures to cure chronic gastrological diseases, coupled with a huge number of patients suffering from fatness in the American demographics are propelling the market.
Moreover, Asia-Pacific is anticipated to consider the highest endoluminal suturing devices market share and is expected to maintain its dominance over the assessment period. The factors accountable for the region’s dominance are increasing awareness in healthcare communities in the region of effective suturing methods and the growing number of trials in the clinics to determine the security of these methods with the evolution of adaptive technologies to the shifting requirements of modern surgical procedures.
Browse the Detail Report “Endoluminal Suturing Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Bariatric Surgery, Gastrointestinal Surgery, GERD Surgery, and Others); By End Use; By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/endoluminal-suturing-devices-market
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Key Questions Answered in The Report Include:
- What are the key factors driving the endoluminal suturing devices market?
- What are the business growth strategies adopted by the developed and developing regions?
- What are the key outcomes of the five forces analysis?
- Who are the leading players active in the endoluminal suturing devices industry?
- What’s the competition in this industry, both company, and country-wise?
Polaris Market Research has segmented the endoluminal suturing devices market report based on application, end-user, and region:
By Application Outlook
- Bariatric Surgery
- Gastrointestinal Surgery
- GERD Surgery
By End-Use Outlook
- Ambulatory Surgical Centers
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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