Global Endoluminal Suturing Devices Market Revenue Worth USD 73.4 Million By 2024

Tuesday, November 20, 2018 General News
Email Print This Page Comment bookmark
Font : A-A+

SELBYVILLE, Delaware, November 20, 2018 /PRNewswire/ --

UK endoluminal suturing devices market will grow at 13.0%

CAGR, owing to high pervasiveness of obesity. According to The National Health Services Statistics on Obesity, Physical Activity and Diet, in 2017, prevalence of obesity increased to more than 27% across the country. Adoption of unhealth habits, sedentary
lifestyle and suboptimal diet are major cause of high prevalence rate. Increasing government expenditure and high disposable income will further lead to business growth in the future.

     (Logo: https://mma.prnewswire.com/media/661916/GMI.jpg )

Global Endoluminal Suturing Devices Market will surpass USD 73.4 million by 2024; according to a new research report by Global Market Insights, Inc. Growing burden of chronic diseases including obesity and gastroesophageal reflux disease of will spur demand for endoluminal suturing devices in upcoming years. According to the Behavioral Risk Factor Surveillance System (BRFSS), in 2017, about 26.8% of the U.S. population did not undergo any form of physical activity. Increasing inclination of population towards unhealthy diet and sedentary lifestyle will be the major reason for high prevalence of chronic disease. This will lead to increasing adoption rate of endoluminal suturing devices for treatment of chronic diseases such as obesity.

High preference for minimally invasive surgical procedures will boost endoluminal suturing devices market growth during the forecast period. Reduction in post-operative complications with use of minimally invasive endoluminal suturing devices will be the major factor driving business growth. Also, rising focus of major industry players towards development of minimally invasive surgical devices will spur industry growth. Reduced hospital stays, and no blood loss are other advantages associated with use of advanced endoluminal suturing devices across the forecast timeframe.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3005

Gastrointestinal defects market accounted for largest revenue of USD 12.7 million in 2017. As number of people suffering from gastrointestinal defects is increasing, the demand for endoluminal suturing devices will increase in the future. Various advantages associated with endoluminal suturing devices such as enhanced flexibility and curved needle design will escalate use of endoluminal suturing devices for treatment of GI defects. With increasing population pool, gastrointestinal defects market segment will witness tremendous growth in the future.

Hospitals segment is expected to expand at CAGR of 12.8% during the projected timeframe. Hospitals provide wide array of treatments for endoscopic submucosal dissections and other gastrointestinal defects to patients suffering from complex medical conditions. Moreover, availability of skilled professionals, increased preference towards hospitals and high funding opportunities will accelerate industry growth. Segmental growth is credited to increasing proportion of patient pool seeking treatment options in hospitals.

Browse key industry insights spread across 100 pages with 110 market data tables & 7 figures & charts from the report, "Endoluminal Suturing Devices Market Size By Application (Bariatric Surgery, Gastrointestinal Defects, Gastroesophageal Reflux Disease), By End-Use (Hospitals, Ambulatory Surgical Centers) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Brazil, Argentina, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2018 - 2024" in detail along with the table of contents: 

https://www.gminsights.com/industry-analysis/endoluminal-suturing-devices-market

China endoluminal suturing device market occupied a significant share of 29.9% in 2017 owing to rapid increase in prevalence of gastroesophageal reflux disease. According to a study published in Gastroenterology Research and Practice in 2017, the prevalence of GERD in the country varied from 2.5% to 33.1%. High pervasiveness is due to increasing adoption of unhealthy diet patterns and lack of physical activity, thereby propelling industry growth.

Some of the prominent players involved in endoluminal suturing devices market are Apollo Endosurgery, Inc., Medtronic and Johnson and Johnson (Ethicon Endo-Surgery, Inc.). These firms adopt strategic initiatives including mergers and acquisitions, new product launch and geographical expansion. For instance, in August 2017, Medtronic launched Proxisure suturing device intended to improve accuracy in minimally-invasive surgery. This strategy will deliver new value for customers eventually increasing company's brand image.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3005

Browse Related Reports: 

  • X-ray Photoelectron Spectroscopy Market Size Forecast 2018 - 2024 

X-ray Photoelectron Spectroscopy Market revenue was valued at USD 540.0 million in 2017 and is expected to witness 6.2% CAGR from 2018 to 2024, driven by growing applications of XPS technology in medical field will ensure high industry growth during the forecast timeframe.

https://www.gminsights.com/industry-analysis/xray-photoelectron-spectroscopy-xps-market-report

  • Bariatric Surgery Devices Market Size Outlook 2018 - 2024 

Bariatric Surgery Devices Market share was valued at USD 1.5 billion in 2017 and is expected to witness more than 5.8% CAGR from 2018 to 2024, propelled by technological advances in bariatric surgery devices providing effective treatment.

https://www.gminsights.com/industry-analysis/bariatric-surgery-devices-market

About Global Market Insights 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: +1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com

Web: https://www.gminsights.com Blog: http://exsoft.org/category/health/Connect with us: Facebook | Google+ | LinkedIn | Twitter

SOURCE Global Market Insights, Inc.



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store