The new report titled ‘Global Endoluminal Suturing Devices Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments.
The market for endoluminal suturing devices was valued at $73.5 million globally in 2021 and is anticipated to grow at a rate of 11.4% during the forecast period. The prevalence of chronic conditions like obesity and gastrointestinal disorders is on the rise, which is a major reason in the rising market revenue. The International Diabetes Federation (IDF) estimates that 643 million people would be diagnosed with diabetes worldwide by the year 2030, up from an estimated 537 million in 2021. Obesity and diabetes are associated with one another. Obesity is assumed to be responsible for 80–85% of the risk of type 2 diabetes, according to diabetes.co.uk.
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Key Points of Endoluminal Suturing Devices Market:
- Extensive coverage of the analysis of the Endoluminal Suturing Devices market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Endoluminal Suturing Devices market
- Complete data about the key manufacturers and vendors in the Endoluminal Suturing Devices market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Endoluminal Suturing Devices products is expected to drive the demand for Endoluminal Suturing Devices, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
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Regional Analysis:
The report sheds light on the region expected to dominate the Endoluminal Suturing Devices market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Endoluminal Suturing Devices market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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Leading Companies of the Endoluminal Suturing Devices Industry and Profiled in the Report are:
Johnson Johnson Services, Inc., Apollo Endosurgery, Inc., Medtronic, USGI Medical, Inc, Cook Group, Ovesco Endoscopy AG, Endo Tools Therapeutics S.A., Stryker Corporation, B. Braun SE, and ErgoSuture
Based on Type, the Endoluminal Suturing Devices Market is segmented into:
Application Outlook (Revenue, USD Million; 2019-2030)
- Bariatric Surgery
- Gastrointestinal Surgery
- Gastroesophageal Reflux Disease Surgery
- Others
End-Use Outlook (Revenue, USD Million; 2019-2030)
- Hospitals and clinics
- Ambulatory Surgical Centers
- Others
Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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