Valuation of Vascular Snare Market to Reach US$ 54.4 Mn by 2031; Medtech Companies Offering New Designs for Next-gen Devices, notes TMR Study

ALBANY, N.Y., Feb. 8, 2022 /PRNewswire/ -- New designs in snare systems and techniques have increased the effectiveness of these in retrieval of foreign bodies, and hence are witnessing adoption in the treatment of thrombosis and venous thromboembolism. The commercialization of novel devices, underpinned by increasing approval of new technologies in developed regions, has boosted the success rates in peripheral procedures. The global vascular snare market is projected to advance at CAGR of 5.8% during 2021–2031.

Minimally-invasive and non-invasive single-loop, triple-loop, and four-loop snares are gaining preference over inferior vena cava (IVC) filters. Next-gen vascular snares are reinforcing the surgical skills of surgeons for retrieving intravascular foreign bodies including guidewires, IVC filters, and catheters.

Manufacturers in the vascular snare market are keen on frequently launching technologically-advanced devices, observe the analysts. An in-depth TMR study notes that the revenue possibilities are vast in single-loop snare segment. It held a leading share of the global vascular snare market, and the valuation of the segment is projected to expand at CAGR of 6.1% during forecast period from 2021 to 2031.

Request Brochure of Vascular Snare Market Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=84257

Key Findings of Vascular Snare Market Study

• Rising Number of Endovascular Procedures Propelling Sales: Rise in endovascular interventions has also increased the risk of venous thromboembolism (VTE), thereby spurring the revenue prospects of the vascular snare market. Growing number of surgery and procedures for deep vein thrombosis has led to a big fillip in the demand for vascular snares. The sales in the vascular snares market have increasingly gained impetus from the increasing mortality of heart diseases and strokes.
• Medtech Companies Offering New Designs to Boost Patient Outcomes: Medical technology companies are keen on spending on R&D on developing new versions of products in the vascular snares market. They are innovating in vascular snare designs with the aim to reduce the rate of complications in patient population. In addition, medical device companies are evaluating new materials to support new snare techniques. The demand for technologically advanced devices for percutaneous retrieval of lost or misplaced intravascular objects is further expanding the revenue possibilities.

Request for Analysis of COVID-19 Impact on Vascular Snare Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=84257

Vascular Snare Market: Key Drivers

• The growing incidence and prevalence of peripheral vascular diseases has led to high mortality of cardiovascular diseases (CVD), especially in low- and middle-income countries. This is a key driver for lucrative avenues in the vascular snare market.
• These procedures were reduced substantially in the subsequent months after the outbreak of COVID-19 pandemic. Increase in elective procedures has augmented the import and export of vascular snare devices, thereby expanding the revenue potential.

Vascular Snare Market: Regional Growth Dynamics

North America is a highly lucrative vascular snare market. The region held a leading share of the global market—amounting to 40.54%--in 2020. The presence of several prominent medical device manufacturers based in the U.S. and Canada is a key factor underpinning the massive revenue potential. The pressing need for reducing the prevalence of pulmonary embolism and venous thromboembolism (VTE) has accelerated the revenue prospects of the North America vascular snare market. 

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough, Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84257 

Vascular Snare Market: Key Players

Some of the key players in the vascular snare market are Teleflex Incorporated, pfm medical Ag, Merit Medical Systems, Inc., Medtronic, Cook Medical LLC, C. R. Bard, Inc., B. Braun Melsungen AG, and Argon Medical Devices.

The study on the vascular snare market offers detailed scrutiny of the key financials, their growth strategies, and profile of the major products.

Buy Vascular Snare Market Report – https://www.transparencymarketresearch.com/checkout.php?rep_id=84257&ltype=S

Global Vascular Snare Market: Segmentation

Vascular Snare Market, by Type

• Single-loop Snare
• Triple-loop Snare
• Four-loop Snare
• Others

Vascular Snare Market, by Length

• 55 cm to 93 cm
• 100 cm to 150 cm
• 175 cm to 200 cm

Vascular Snare Market, by Application

• Heart
• Peripheral
• Neuro

Vascular Snare Market, by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

Microplate Washers Market: The global microplate washers market was valued at ~US$ 500 Mn in 2019. It is projected to expand at a CAGR of ~3% from 2020 to 2030. Microplate washers are laboratory instruments used for multiple applications such as cell-based assay, microsphere-based assays, and ELISA. A dependable washer is quiet, easy to clean, and leaves no residue, thereby preventing contamination and reducing background.

Electronic Health Records Market: The global electronic health records market was valued at US$ 26,126.3 Mn in 2018 and is projected to expand at a CAGR of 4.8% from 2019 to 2027. An electronic health record (EHR) system helps health care workers to record patient-related data electronically. Patient-related data may include demographics, medications, medical history, vital signs, diagnostic test results, and imaging reports.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Mr. Rohit Bhisey

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
Browse PR - https://www.transparencymarketresearch.com/pressrelease/vascular-snare-market.htm

SOURCE Transparency Market Research