The size for global endoluminal suturing devices market reached USD 518.95 million in 2022 and is projected to experience a rapid 7% compound annual growth rate (CAGR) in revenue throughout the forecast period. The increasing adoption of minimally invasive weight loss procedures and the rising incidence of lifestyle-related diseases are primary drivers fueling the growth in market revenue. Endoluminal suturing devices play a crucial role in various minimally invasive treatments for hollow organs, employing surgical techniques like stapling and suturing.
Two notable examples of endoscopic procedures utilizing endoluminal suturing devices are Transoral Incisionless Fundoplication (TIF) and Endoscopic Sleeve Gastroplasty (ESG). These procedures utilize the devices to seal incisions or punctures resulting from surgery. The growing popularity of these procedures stems from their non-invasive or minimally invasive nature, contributing to the increased utilization of endoluminal suturing tools in both bariatric and gastrointestinal procedures.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- Apollo Endosurgery, Inc.
- Boston Scientific Corporation
- Cook Medical
- EndoEvolution, LLC
- Ethicon US, LLC (a subsidiary of Johnson Johnson)
- Medtronic plc
- Olympus Corporation
- Sewa Medicals Limited
- Teleflex Incorporated
Based on Product Type market is segmented into:
- Single-Use
- Reusable
Based on Application market is segmented into:
- Bariatric Surgery
- Gastrointestinal (GI) Surgery
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
Major Points covered in this report are as below:
- An analysis of Endoluminal Suturing Devices industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Endoluminal Suturing Devices manufacturers and provides valuable insight into the market for companies and individuals.
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