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Monday, September 25, 2023

Global Endoluminal Suturing Device Market is anticipated to grow at a CAGR of 11.5% during 2024 to 2030

The future of the global endoluminal suturing device market looks promising with opportunities in the hospital, clinic, and ambulatory surgical center markets. The global endoluminal suturing device market is expected to reach an estimated $0.16 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are growing number of gastrointestinal cancers, increasing preference for minimally invasive weight loss surgeries, and rising incidence of obesity.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the endoluminal suturing device market by application (bariatric surgery, gastrointestinal surgery, gastroesophageal reflux disease surgery, and others), end use (hospitals, clinics, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, bariatric surgery, gastrointestinal surgery, and gastroesophageal reflux disease surgery are the major segments of endoluminal suturing device market by application. Lucintel forecasts that gastrointestinal surgery will remain the largest segment due to its growing usage in the treatment of gastrointestinal cancers and gastrointestinal disorders. Within this market, hospital will remain the largest segment due to rising demand for endoluminal suturing devices in this setting by skilled healthcare professionals for the treatment of patients undergoing bariatric procedures or chronic diseases.

North America will remain the largest region due to existenc of well-established healthcare system, growing volume of surgical operations, and presence of key players in the region.

Apollo Endosurgery, Johnson & Johnson, Medtronic, Cook, USGI Medical, Ovesco Endoscopy, Endo Tools Therapeutics, Ergosuture, and Sutrue are the major suppliers in the endoluminal suturing device market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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