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.