Endoluminal Suturing Devices Market to amass $ 73.4 Mn by 2024

September 18, 2019

Global endoluminal suturing devices market is predicted to cross USD 73.4 million by the year 2024, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2024.

Increasing prevalence of obesity and gastroesophageal diseases around the globe will augment the endoluminal suturing devices (ESD) market growth. The use of these devices reduces recovery time and minimizes the period of hospital stay. Rising patient preference for minimally invasive treatment procedures for chronic diseases will drive the market growth.

Based on the application spectrum, endoluminal suturing devices market from gastroesophageal reflux disease (GERD) segment is expected to grow at the rate of 13.9% over the forecast period. The segmental growth is attributed to increasing instances GERD, cites the report.

Considering the end-use scope, ESD market form ambulatory surgical centers segment was worth USD 8.6 million in 2017. Shifting preference for economically viable treatments at ambulatory surgical centers, rising number of patients, and advancements in the field will propel the segmental market growth.

Speaking of the regional contribution, Germany endoluminal suturing devices market held 17.8% revenue share in 2017, due to increase in demand for weight loss procedures. Growing prevalence of obesity across the country will boost the regional market growth. Moreover, Japan (ESD) market is estimated grow with a CAGR of 11.4% CAGR over the analysis timeframe, owing to rising cases of gastroesophageal reflux diseases in the region. Unhealthy diet is main reason causing the disease. Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/1357099/ Some of the eminent companies in the endoluminal suturing devices market profiled in the report comprise of Medtronic, Apollo Endosurgery, Inc., and Johnson and Johnson among others. The key players are undertaking strategic collaborations to expand their product portfolio and strengthen their market position. The report also provides comprehensive insights regarding the trends, drivers, challenges, and opportunities impacting the endoluminal suturing devices market outlook.