The market for endoluminal suturing devices was valued at $73.5 million globally in 2021 and is anticipated to grow at a rate of 11.4% during the forecast period. The prevalence of chronic conditions like obesity and gastrointestinal disorders is on the rise, which is a major reason in the rising market revenue. The International Diabetes Federation (IDF) estimates that 643 million people would be diagnosed with diabetes worldwide by the year 2030, up from an estimated 537 million in 2021. Obesity and diabetes are associated with one another. Obesity is assumed to be responsible for 80–85% of the risk of type 2 diabetes, according to diabetes.co.uk.
This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. Besides this, researchers behind this study put in vigilant and persistent effort to keep a proximate attention on top performers of Endoluminal Suturing Devices Market. Import and export, demand and supply, gross margin, supply chain management and distribution channel are the other aspects examined during the research.
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Competitive Terrain:
The global Endoluminal Suturing Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Johnson & Johnson Services, Inc., Apollo Endosurgery, Inc., Medtronic, USGI Medical, Inc, Cook Group, Ovesco Endoscopy AG, Endo Tools Therapeutics S.A., Stryker Corporation, B. Braun SE, and ErgoSuture
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