Endoluminal Suturing Devices Market Trends, Companies, Driver, Segmentation, Forecast to 2024
By Market Study Report  Date: 2020-09-01Product ID: 1357099

Endoluminal Suturing Devices Market Trends, Companies, Driver, Segmentation, Forecast to 2024 A detailed overview of Endoluminal Suturing Devices market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Endoluminal Suturing Devices market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Increasing demand for endoluminal suturing devices will lead to industry growth in the future. High demand is attributable to increasing prevalence of obesity and gastroesophageal diseases. Growing disease burden will have a positive impact on demand for endoluminal suturing devices, thereby driving business growth during the projected timeframe.

Rising preference towards minimally invasive procedures for treatment of chronic diseases such as obesity will drive demand for endoluminal suturing device throughout the projected timeframe. Advantages associated with employment of endoluminal suturing device include less recovery time and reduction in hospital stay. Rising patient inclination towards minimally invasive endoluminal suturing devices will foster industry growth in the future.

Endoluminal Suturing Devices Market will exceed USD 73.4 million by 2024; as per a new research report.

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Ambulatory surgical centers segment contributed to market share of USD 8.6 million in 2017. Growth is credit to increasing proportion of individuals opting treatment at economic costs for chronic disorders in ambulatory surgical centers. Increasing patient pool along with development of advanced endoluminal suturing devices will have a positive impact on industry growth during the forecast timeframe.

Germany endoluminal suturing devices market accounted for revenue share of 17.8% in 2017, owing to increasing demand for weight loss procedures. As per World Health Organization (WHO) Statistics, about 23.6% of the German population suffered from obesity. High demand for weight loss techniques due to increasing prevalence of obesity will promote endoluminal suturing devices business growth in the future.

Gastroesophageal reflux disease market will show significant growth rate of 13.9% during the projected timeframe, owing to its increasing prevalence. According to International Foundation for Gastrointestinal Disorders, in 2014, about 18 million people suffered from GERD affecting about 1 in 5 people. As number of people suffering from GERD is increasing, the demand for endoluminal suturing devices will increase.

Japan endoluminal suturing devices market will grow at the rate of 11.4% CAGR in 2017 owing to rising cases of gastroesophageal reflux diseases. According to The Turkish Society of Gastroenterology, in Japan, the prevalence of GERD was detected to be 16.5%. High pervasiveness of gastroesophageal reflux disease is credited to adoption of unhealthy diet, thereby propelling industry growth.

Prominent industries involved in endoluminal suturing devices market are Apollo Endosurgery, Inc., Medtronic and Johnson and Johnson (Ethicon Endo-Surgery, Inc.). These key industry players focus on strategies such as mergers, acquisitions and new product launch to strengthen market position. For instance, in In January 2015, Medtronic announced completion of acquisition of Covidien plc and added Endo stitch suturing device and SILS stitch articulating suturing device to its minimally invasive therapy group, thereby expanding its product portfolio.

Major Highlights from Table of contents are listed below for quick lookup into Endoluminal Suturing Devices Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Endoluminal Suturing Devices Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Endoluminal Suturing Devices Market Statistical model and forecast
  • Industry insights and validation
  • Endoluminal Suturing Devices Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Endoluminal Suturing Devices industry 360º synopsis - 2025
  • Endoluminal Suturing Devices Business trends
  • Region trends

Chapter 5. Endoluminal Suturing Devices industry Insights

  • Endoluminal Suturing Devices Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Endoluminal Suturing Devices Market Growth potential analysis

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