Home Press Releases Endoluminal Suturing Devices Market Size Worth 191.4 Million By 2030 | CAGR: 11.87%

Endoluminal Suturing Devices Market Size Worth 191.4 Million By 2030 | CAGR: 11.87%

The global endoluminal suturing devices market size is expected to reach USD 191.4 million by 2030, according to a new study by Polaris Market Research. The 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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The rising number of endoscopic surgeries requiring endoluminal sutures and the growing prevalence of gastrointestinal disorders requiring surgical intervention are anticipated to drive the market’s growth. For instance, according to a research article published by the Libyan Journal of Medicine, in 2022, the prevalence of functional gastrointestinal disorders was 54.2% among the patient population.

 

Moreover, a study published by the World Gastroenterology Organization stated that the peroral endoscopic myotomy’s clinical success rate was 90% in Achalasia Cardia. The high success rates of endoscopic surgeries among gastrointestinal disorders combined with the rising number of surgeries are anticipated to drive the demand for the product.

 

The prevalence and severity of obesity are driving demand for endoluminal sutures. This, coupled with minimally invasive procedures as the future of obesity surgeries, is predicted to significantly grow the endoluminal suture market.

 

For instance, the WHO reported an obese population of 1.02 billion, which is further estimated to increase due to an unhealthy lifestyle. Also, an estimated population of 41.9% in the U.S. suffers from obesity. The increasing prevalence of the obese population globally and fat-reducing minimally invasive surgeries are expected to support the demand for suturing devices.

 

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Moreover, the rising complexity of suturing needs among surgeons in procedures such as complex endoscopic mucosal resection, endoscopic full-thickness resection, endoscopic submucosal dissection, and sub-mucosal tunneling endoscopic resection is promoting the demand for these devices and is projected to grow the market.

 

The COVID-19 pandemic negatively impacted the endoluminal suture devices market due to cancellations and rescheduling of elective surgical procedures during the period. This was due to stringent regulatory protocols to contain the virus and avoid its spread through the nosocomial transmission mode.

 

Despite this, numerous research studies conducted during the pandemic have reported an increase in the incidence of gastrointestinal disorders, which is forecasted to increase the demand for these endoscopic surgeries and, in turn, the uptake of endoluminal suture devices.

 

Endoluminal Suturing Devices Market Report Highlights

  • The GERD surgery segment is anticipated to grow at a high CAGR over the forecast period owing to the rising incidence of reflux disease among the patient pool and an increasing number of procedures demanding sutures post-surgery.
  • The hospital segment accounted for largest share of the global revenue share, which is accelerated by the emerging trend of surgical experts preferentially practicing endoscopic suturing procedures through these settings combined with key benefits availed through these settings.
  • North America is expected to grow at a high CAGR over the projected period because of the higher prevalence of life-threatening conditions such as malignancies and tumors, along with effective treatment through endoscopic suturing post-surgical ablation.
  • The global market includes Apollo Endosurgery, Ethicon Endo-Surgery, Medtronic Plc., Cook Group, USGI Medical, Ovesco Endoscopy, Endo Tools Therapeutics, ErgoSuture, and Suture Ltd.

 

Polaris Market Research has segmented the endoluminal suturing devices market report based on application, end use and region:

 

Endoluminal Suturing Devices, Application Outlook (Revenue – USD Million, 2018 – 2030)

  • Bariatric Surgery
  • Gastrointestinal Surgery
  • GERD Surgery
  • Others

Endoluminal Suturing Devices, End Use Outlook (Revenue – USD Million, 2018 – 2030)

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Endoluminal Suturing Devices, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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