Sarasota, FL -- (SBWire) -- 02/16/2019 --Global Endoluminal Suturing Devices Market: Overview
Mainly in surgeries related to GERD and obesity suturing and stapling devices are used. The use of these devices in the minimally invasive procedures has gained momentum in recent years owing to its benefits. In the past, the rate at which clinical trials were done was low as compared to recent years. Thus the use of advanced instruments has increased, which, in turn, has increased the popularity of endoluminal suturing devices.
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Global Endoluminal Suturing Devices Market: Growth Factors
The major factor that is driving the endoluminal suturing devices market is the rise in the prevalence of chronic diseases. Increasing adoption of unhealthy habits and sedentary lifestyle of the people are making them obese which, in turn, is giving rise to several chronic diseases. The World Health Organization (WHO) data suggested that in 2016 about 650 million cases of obesity were registered. Thus in the coming years, this factor will boost the adoption rate of endoluminal suturing devices in the healthcare sector. The demand for minimally invasive procedures is increasing which is also increasing the popularity of endoluminal suturing devices. The benefits offered by minimal invasive surgeries such as reduced discomfort, less chances of blood loss during surgeries, and other factors are increasing the demand for minimally invasive surgeries. In order to minimize surgical injuries and to have defined suturing in tight spaces will increase the demand for the endoluminal suturing devices. Technological advancements in the endoluminal suturing devices for providing best treatment are expected to augment the growth of the market in the coming years.
Global Endoluminal Suturing Devices Market: Segmentation
The global endoluminal suturing devices market is segmented into its application and end-use. In terms of application, the global market is divided into gastroesophageal reflux disease, bariatric surgery, and gastrointestinal defects. On the basis of end-use, the endoluminal market is categorized into ambulatory surgical centers and hospitals.
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Global Endoluminal Suturing Devices Market: Regional Analysis
Major regions for the endoluminal suturing devices market are North America, Asia Pacific, Europe, and Rest of the World. Major market shares for endoluminal suturing devices are expected to be held by North America. In North America, the U.S. contributes majorly in the endoluminal suturing devices market owing to the advanced developments in the medical facilities coupled with a high prevalence rate of chronic diseases in the region. North America is expected to be followed by Europe due to the rise in the cases of obesity. High disposable income and rise in government spending will further contribute to the market growth. A good growth rate is expected in the Asia Pacific owing to unmet market opportunities. Developing medical tourism in countries such as Malaysia, Singapore, and other countries are compelling the healthcare providers to equip themselves with advanced medical devices and other facilities, thus augmenting the market growth in the coming years.
Global Endoluminal Suturing Devices Market: Competitive Players
Prominent market players in the endoluminal suturing devices market are Medtronic, Apollo Endosurgery, Inc., and Johnson and Johnson (Ethicon Endo-Surgery, Inc.)
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Global Endoluminal Suturing Devices Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Endoluminal Suturing Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026