Global Vascular Snare Market By Product (3-Loop Type, 4-Loop Type, Others), Application (Inferior Vena Cava, Other), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Vascular Snare Market
Global vascular snare market is expected to register substantial CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, base year of 2018. This rise in market value can be attributed to the increased focus on growth of cardiac surgeries in various regions.
Market Definition: Global Vascular Snare Market
Vascular snare is the endovascular devices with wire loop which is used in the removal and separation of foreign particles from the arteries, lymphatic systems and veins. Growing number of cardiovascular diseases and the surgeries adopting the utilization of the vascular snare and their requirements for removing foreign particles is enhancing the vascular snare growth. The vascular snares are intended to use in the cardiovascular systems help in the minimal invasive procedures in cardiac surgeries.
- Growing number of cardiac diseases is driving the growth of the market
- Growing preferences towards minimal invasive procedures will propel the market growth in the forecast period
- Advancement of the technology is leading to the growth of the market
- Growing business expansion for endovascular devices development is a driver for this market
- Stringent regulation constraining manufacturers to invest in the vascular snares market is restraining the market growth
- High cost of devices may hamper the growth of the market
Segmentation: Global Vascular Snare Market
- 3-Loop Type
- 4-Loop Type
- Inferior Vena Cava
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Africa
- Rest of Middle East and Africa
Key Development in the Market:
- In March 2018, Teleflex Incorporated (U.S.) announced the launch of Expro Elite and Sympro Elite Snares designed for the peripheral procedures. This will improve the growth opportunities of Teleflex Incorporated helping them to provide specialised advanced snare vascular snares division
- In January 2016, ARGON MEDICAL announced the acquisition with Rex Medical, LLC to acquire three technologies of vascular products. The acquisition comprises associated intellectual property rights related to products and adding a strong existence of interventional portfolio to Argon
Global vascular snare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vascular snare market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Players
Few of the major competitors currently working in global vascular snare market are Argon Medical, Cook, Merit Medical Systems, Nordson Corporation, NEWTECH MEDICAL DEVICES, Medtronic, pfm medical ag, Aspen Surgical, Radius Medical, LLC., Teleflex Incorporated., Lifetech Scientific, Medico's Hirata Inc, Vascular Innovations, OSYPKA AG, Meliora Medtech among others.
Research Methodology: Global Vascular Snare Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved