According to a new report, published by KBV research, The Global Endoluminal Suturing Devices Market size is expected to reach $152.3 million by 2028, rising at a market growth of 12.0% CAGR during the forecast period.
The Gastrointestinal Surgery market is leading the Global Endoluminal Suturing Devices Market by Application in 2021; thereby, achieving a market value of $57.9 million by 2028. It is due to the increased use of endoluminal suturing devices to treat the rising incidence of gastrointestinal cancer patients and gastrointestinal illnesses. This is due to the rise in GI procedures and the availability of different GI applications, such as those for disorders related to the abdomen. The oropharynx, alimentary canal, liver, pancreas, biliary system, and other organs are all affected by this condition.
The Ambulatory Surgical Centers market would witness a CAGR of 11.8% during (2022 - 2028). It is because these healthcare facilities offer benefits including shorter wait times and substantial cost savings. Other factors propelling the category include the growing demand for minimally invasive procedures and shorter hospital stays in ASCs. Same-day surgery is growing in popularity in industrialized countries due to significant cost savings and superior service delivery, which supports the segment's expansion.
The North America market dominated the Global Endoluminal Suturing Devices Market by Region in 2021; thereby, achieving a market value of $59.4 million by 2028. The Europe market is experiencing a CAGR of 11.6% during (2022 - 2028). Additionally, The Asia Pacific market is exhibiting a CAGR of 13% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/endoluminal-suturing-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Apollo Endosurgery, Inc., Johnson & Johnson, Medtronic PLC, Cook Medical, Inc. (Cook Group), USGI Medical, Ovesco Endoscopy AG, Endo Tools Therapeutics S.A., ErgoSuture, Suture Ltd.
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