Surgical Snares Market Report 2024

This Surgical Snares market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The surgical snares market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth observed during the historic period can be attributed to several factors, the expansion of healthcare infrastructure, government initiatives and funding, an increasing number of surgical procedures, growth in outpatient surgical procedures, and a rise in surgical training programs.

The surgical snares market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The projected growth during the forecast period can be attributed to several factors, including the increasing prevalence of chronic diseases, a growing geriatric population, a rise in diagnostic procedures, higher healthcare expenditure, and increased awareness of early disease detection. Key trends expected in this period include advancements in minimally invasive surgery, the development of advanced snare designs, the integration of cutting-edge technology into surgical procedures, a growing demand for precision medicine, and the emergence of new endoscopic techniques.

The growing preference for minimally invasive surgeries is expected to drive the growth of the surgical snares market. Minimally invasive surgeries involve small incisions and often utilize specialized instruments and imaging techniques to reduce tissue damage. These procedures are popular due to their benefits, including faster recovery times, shorter hospital stays, less postoperative pain, and a lower risk of complications compared to traditional open surgeries. Surgical snares are crucial for minimally invasive surgeries as they allow for the precise removal of abnormal tissues, such as polyps or tumors, through small incisions. Their design facilitates effective tissue resection with minimal damage to surrounding structures, improving the safety and effectiveness of the procedure. For example, in June 2024, the American Society of Plastic Surgeons reported a 7% increase in minimally invasive procedures in the USA from 2022 to 2023. Thus, the growing preference for minimally invasive surgeries is expected to drive the surgical snares market.

Leading companies in the surgical snares market are advancing technologies such as single-wire loop surgical snares to enhance procedural efficiency in minimally invasive surgeries. Single-wire loop surgical snares are medical instruments with a single loop of wire attached to a handle, used to remove tissue or foreign objects precisely. For instance, in April 2021, Argon Medical Devices Inc., a US-based medical device manufacturer, launched the Halo Single-Loop Snare Kit in the USA. This kit is designed to enhance procedural efficiency with features such as a reusable, peel-away insertion tool for easy assembly and a 15° angulation on the snare catheter for better directional control. These innovations aim to streamline procedures and improve accuracy in various medical interventions, reflecting ongoing efforts to enhance the functionality and effectiveness of snare devices.

In December 2022, Alleima Group, a Sweden-based provider of advanced stainless steels, special alloys, and industrial heating products, acquired Endosmart for an undisclosed amount. This acquisition is intended to bolster Alleima Group’s ability to develop innovative Nitinol instruments and surgical snares for minimally invasive procedures. The goal is to improve patient outcomes and minimize disruptions in the use of medical devices. Endosmart, based in Germany, specializes in developing and manufacturing medical devices, including surgical snares.

Major companies operating in the surgical snares market are Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Zimmer Biomet, Terumo Corporation, Steris, NIPRO Corporation, Teleflex Incorporated, Cook Medical, Integra LifeSciences, ConMed Corporation, PENTAX Medical Corp., JMS Co. Ltd., AngioDynamics Inc., Merit Medical Systems, Argon Medical Devices Inc., pfm medical AG, Endo-Therapeutics Inc., Sklar Surgical Instruments, Endo-Flex GmbH, EndoMed Systems GmbH, Aohua Endoscopy, Blue Endo, ENDO-TECHNIK.

North America was the largest region in the surgical snares market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical snares market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the surgical snares market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A surgical snare is a medical instrument used during surgeries to remove polyps, tumors, or other abnormal tissue growths. It typically features a wire loop that can be adjusted to encircle and tighten around the target tissue. Surgical snares are often employed in endoscopic procedures, such as those within the gastrointestinal tract, where they are inserted through an endoscope to excise lesions without requiring open surgery.

The main types of surgical snares include single-use and reusable models. A single-use surgical snare is designed for one-time application and consists of a loop or wire used to grasp, remove, or excise tissue or growths during surgical procedures. These snares are utilized in various procedures such as GI endoscopy, laparoscopy, urology endoscopy, gynecology endoscopy, arthroscopy, bronchoscopy, mediastinoscopy, laryngoscopy, and others. They are employed by different end users, including hospitals, ambulatory surgical centers, and other medical facilities.

The surgical snares market research report is one of a series of new reports that provides surgical snares market statistics, including surgical snares industry global market size, regional shares, competitors with a surgical snares market share, detailed surgical snares market segments, market trends and opportunities, and any further data you may need to thrive in the surgical snares industry. This surgical snares market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The surgical snares market consists of sales of triple lumen snares, hexagonal loop snares, retrieval snares and miniature snares. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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