Analysts’ Viewpoint on Vascular Snare Market Scenario
Participants in the vascular snare market are becoming competitive in product pricing to adapt to the fluctuating demand sentiments amid the ongoing COVID-19 pandemic. However, issues of product recalls are inhibiting market growth. Hence, companies should invest in R&D and seek FDA clearance for vascular snares to commercially launch new products in the market. Since IVC filters, catheters, and guide wires can be occasionally be deployed in the wrong location of arteries & veins, med-tech companies are increasing the availability of next-gen vascular snares. The ever-increasing geriatric population is emerging as a market driver, which is creating stable revenue streams for med-tech companies. Since healthcare facilities are avoiding VTE-related costs, manufacturers are drawing innovations in new versions of vascular snares to improve patient outcomes.
Technological advancements are giving rise to product launches in the vascular snare market. Manufacturers are unlocking incremental opportunities in the U.S. owing to the commercial launch of single-loop snare kits and triple-loop retrieval kits. They are seeking FDA (Food and Drug Administration) clearance for the commercial launch of new versions of vascular snare devices in order to manipulate interventional devices for peripheral procedures.
In order to deal with complications arising from surgical treatment of thrombosis and venous thromboembolism, companies are introducing minimally invasive vascular snares that hold promising potentials for high clinical success rates.
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The demand for vascular snare devices is projected to increase at a sluggish pace, owing to delay in medical diagnosis and postponement of elective procedures. As such, import and export of vascular snare devices is estimated to rise due to reopening of country borders. These push and pull demand trends are slowing down the growth of the vascular snare market.
However, the vascular snare market is likely to witness steady expansion driven by increase in the demand for devices and better resolution of supply chain issues in various countries. Governments are increasing efforts to resolve transport and logistic issues during delivery of raw materials to ensure a robust supply of life-saving medical devices.
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Issues of product recalls are affecting the growth of the vascular snare market. It has been found that four-loop vascular retrieval snare devices are linked with the potential of the loop of the device to separate from the shaft. This could result in the need of surgery to retrieve the separated snare and embolization of snare fragments. Hence, med-tech companies should collaborate with researchers to innovate in vascular snare designs.
The high prevalence of venous thromboembolism (VTE) among individuals is translating into revenue opportunities for med-tech companies in the vascular snare market. These snares are emerging as an alternative to inferior vena cava (IVC) filters.
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The rise in prevalence of cardiovascular, neuro, and peripheral diseases is translating into revenue opportunities for participants in the vascular snare market. According to the World Health Organization (WHO), an increasing number of deaths and disability caused by heart diseases & stroke are triggering the demand for vascular snares. From the total number of deaths worldwide, over three quarters of cardiovascular disease (CVD) deaths occur in low- and middle-income countries. Such findings are contributing to the growth of the vascular snare market.
The high prevalence of recurrent pulmonary embolism & venous thromboembolism diseases are also fueling the demand for vascular snares.
Ever since endovascular interventions have been performed, there have been reports of displaced, embolic, and malposition of medical devices within arteries and veins. Companies in the vascular snare market are capitalizing on this opportunity to increase the availability of non-invasive devices.
The possible malposition of medical devices in endovascular interventions can be distressing to both medical practitioners and patients. On the other hand, the proliferation of endovascular procedures has led to an increase in reports of intravascular foreign bodies in arteries and veins of individuals. Such insights are indicating the demand for single-, triple- and four-loop snares.
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Attribute |
Detail |
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Market Size Value in 2020 (Base Year) |
US$ 29.5 Mn |
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Market Forecast Value in 2031 |
US$ 54.4 Mn |
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Growth Rate (CAGR) |
5.8% |
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Forecast Period |
2021–2031 |
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Quantitative Units |
US$ Mn for Value |
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Market Analysis |
It includes cross segment analysis at regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, pricing analysis, and parent industry overview. |
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Format |
Electronic (PDF) |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
Vascular Snare Market – Segmentation
TMR’s study on the global vascular snare market includes information divided into four segments: type, length, application, and region.
| Type |
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| Length |
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| Application |
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| Region |
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Vascular snare market is expected to reach the value of US$ 54.4 Mn by the end of 2031
Vascular snare market is estimated to expand at a CAGR of 5.8% from 2021 to 2031
Vascular snare market is driven by increase in the demand for devices and better resolution of supply chain issues in various countries
The single-loop snare segment accounted for prominent share of the market in 2020 and the trend is projected to continue during the forecast period
Key players operating in the global vascular snare market include Argon Medical Devices, Inc., B. Braun Melsungen AG, C. R. Bard, Inc. (Becton, Dickinson and Company), Cook Medical LLC, Medtronic, Merit Medical Systems, Inc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Vascular Snare Market
4. Market Overview
4.1. Introduction
4.1.1. Type Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Vascular Snare Market Analysis and Forecast, 2017–2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Disease Prevalence & Incidence Rate
5.2. Key Industry Events (product launches, mergers, acquisitions, partnerships, collaborations, etc.)
5.3. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)
6. Global Vascular Snare Market Analysis and Forecast, by Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Type, 2017–2031
6.3.1. Single-loop Snare
6.3.2. Triple-loop Snare
6.3.3. Four-loop Snare
6.3.4. Others
6.4. Market Attractiveness Analysis, by Type
7. Global Vascular Snare Market Analysis and Forecast, by Length
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Length, 2017–2031
7.3.1. 55 cm to 93 cm
7.3.2. 100 cm to 150 cm
7.3.3. 175 cm to 200 cm
7.4. Market Attractiveness Analysis, by Length
8. Global Vascular Snare Market Analysis and Forecast, by Application
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast, by Application, 2017–2031
8.3.1. Heart
8.3.2. Peripheral
8.3.3. Neuro
8.4. Market Attractiveness Analysis, by Application
9. Global Vascular Snare Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. Market Value Forecast, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Market Attractiveness Analysis, by Region
10. North America Vascular Snare Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Type, 2017–2031
10.2.1. Single-loop Snare
10.2.2. Triple-loop Snare
10.2.3. Four-loop Snare
10.2.4. Others
10.3. Market Value Forecast, by Length, 2017–2031
10.3.1. 55 cm to 93 cm
10.3.2. 100 cm to 150 cm
10.3.3. 175 cm to 200 cm
10.4. Market Value Forecast, by Application, 2017–2031
10.4.1. Heart
10.4.2. Peripheral
10.4.3. Neuro
10.5. Market Value Forecast, by Country, 2017–2031
10.5.1. U.S.
10.5.2. Canada
10.6. Market Attractiveness Analysis
10.6.1. By Type
10.6.2. By Length
10.6.3. By Application
10.6.4. By Country
11. Europe Vascular Snare Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Type, 2017–2031
11.2.1. Single-loop Snare
11.2.2. Triple-loop Snare
11.2.3. Four-loop Snare
11.2.4. Others
11.3. Market Value Forecast, by Length, 2017–2031
11.3.1. 55 cm to 93 cm
11.3.2. 100 cm to 150 cm
11.3.3. 175 cm to 200 cm
11.4. Market Value Forecast, by Application, 2017–2031
11.4.1. Heart
11.4.2. Peripheral
11.4.3. Neuro
11.5. Market Value Forecast, by Country/Sub-region, 2017–2031
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Market Attractiveness Analysis
11.6.1. By Type
11.6.2. By Length
11.6.3. By Application
11.6.4. By Country/Sub-region
12. Asia Vascular Snare Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Type, 2017–2031
12.2.1. Single-loop Snare
12.2.2. Triple-loop Snare
12.2.3. Four-loop Snare
12.2.4. Others
12.3. Market Value Forecast, by Length, 2017–2031
12.3.1. 55 cm to 93 cm
12.3.2. 100 cm to 150 cm
12.3.3. 175 cm to 200 cm
12.4. Market Value Forecast, by Application, 2017–2031
12.4.1. Heart
12.4.2. Peripheral
12.4.3. Neuro
12.5. Market Value Forecast, by Country/Sub-region, 2017–2031
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia
12.6. Market Attractiveness Analysis
12.6.1. By Type
12.6.2. By Length
12.6.3. By Application
12.6.4. By Country/Sub-region
13. Latin America Vascular Snare Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Type, 2017–2031
13.2.1. Single-loop Snare
13.2.2. Triple-loop Snare
13.2.3. Four-loop Snare
13.2.4. Others
13.3. Market Value Forecast, by Length, 2017–2031
13.3.1. 55 cm to 93 cm
13.3.2. 100 cm to 150 cm
13.3.3. 175 cm to 200 cm
13.4. Market Value Forecast, by Application, 2017–2031
13.4.1. Heart
13.4.2. Peripheral
13.4.3. Neuro
13.5. Market Value Forecast, by Country/Sub-region, 2017–2031
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Market Attractiveness Analysis
13.6.1. By Type
13.6.2. By Length
13.6.3. By Application
13.6.4. By Country/Sub-region
14. Middle East & Africa Vascular Snare Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Market Value Forecast, by Type, 2017–2031
14.2.1. Single-loop Snare
14.2.2. Triple-loop Snare
14.2.3. Four-loop Snare
14.2.4. Others
14.3. Market Value Forecast, by Length, 2017–2031
14.3.1. 55 cm to 93 cm
14.3.2. 100 cm to 150 cm
14.3.3. 175 cm to 200 cm
14.4. Market Value Forecast, by Application, 2017–2031
14.4.1. Heart
14.4.2. Peripheral
14.4.3. Neuro
14.5. Market Value Forecast, by Country/Sub-region, 2017–2031
14.5.1. GCC Countries
14.5.2. South Africa
14.5.3. Rest of Middle East & Africa
14.6. Market Attractiveness Analysis
14.6.1. By Type
14.6.2. By Length
14.6.3. By Application
14.6.4. By Country/Sub-region
15. Competition Landscape
15.1. Market Player - Competition Matrix (By Tier and Size of companies)
15.2. Company Profiles
15.2.1. Argon Medical Devices, Inc.
15.2.1.1. Company Description
15.2.1.2. Business Overview
15.2.1.3. Strategic Overview
15.2.1.4. SWOT Analysis
15.2.2. B. Braun Melsungen AG
15.2.2.1. Company Description
15.2.2.2. Business Overview
15.2.2.3. Financial Overview
15.2.2.4. SWOT Analysis
15.2.3. C. R. Bard, Inc. (Becton, Dickinson and Company)
15.2.3.1. Company Description
15.2.3.2. Business Overview
15.2.3.3. Financial Overview
15.2.3.4. Strategic Overview
15.2.3.5. SWOT Analysis
15.2.4. Cook Medical LLC
15.2.4.1. Company Description
15.2.4.2. Business Overview
15.2.4.3. Strategic Overview
15.2.4.4. SWOT Analysis
15.2.5. Medtronic
15.2.5.1. Company Description
15.2.5.2. Business Overview
15.2.5.3. Financial Overview
15.2.5.4. SWOT Analysis
15.2.6. Merit Medical Systems, Inc.
15.2.6.1. Company Description
15.2.6.2. Business Overview
15.2.6.3. Financial Overview
15.2.6.4. SWOT Analysis
15.2.7. pfm medical AG
15.2.7.1. Company Description
15.2.7.2. Business Overview
15.2.7.3. Financial Overview
15.2.7.4. SWOT Analysis
15.2.8. Teleflex Incorporated
15.2.8.1. Company Description
15.2.8.2. Business Overview
15.2.8.3. Financial Overview
15.2.8.4. Strategic Overview
15.2.8.5. SWOT Analysis
List of Tables
Table 01: Global Vascular Snare Market Value (US$ Mn) Forecast, by Type, 2017-2031
Table 02: Global Vascular Snare Market Volume (Units in Thousands) Forecast, by Type, 2017‒2031
Table 03: Global Vascular Snare Market Value (US$ Mn) Forecast, by Length, 2017–2031
Table 04: Global Vascular Snare Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 05: Global Vascular Snare Market Volume (units in Thousands) Forecast, by Application, 2017–2031
Table 06: Global Vascular Snare Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 07: Global Vascular Snare Market Volume (units in Thousands) Forecast, by Region, 2017–2031
Table 08: North America Vascular Snare Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 09: North America Vascular Snare Market Value (US$ Mn) Forecast, by Type, 2017–2031
Table 10: North America Vascular Snare Market Volume (Units in Thousands) Forecast, by Type, 2017–2031
Table 11: North America Vascular Snare Market Value (US$ Mn) Forecast, by Length, 2017–2031
Table 12: North America Vascular Snare Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 13: North America Vascular Snare Market Volume (units in Thousands) Forecast, by Application, 2017–2031
Table 14: Europe Vascular Snare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 15: Europe Vascular Snare Market Value (US$ Mn) Forecast, by Type, 2017–2031
Table 16: Europe Vascular Snare Market Volume (units in Thousands) Forecast, by Type, 2017–2031
Table 17: Europe Vascular Snare Market Value (US$ Mn) Forecast, by Length, 2017–2031
Table 18: Europe Vascular Snare Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 19: Europe Vascular Snare Market Volume (units in Thousands) Forecast, by Application, 2017–2031
Table 20: Asia Pacific Vascular Snare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 21: Asia Pacific Vascular Snare Market Value (US$ Mn) Forecast, by Type, 2017–2031
Table 22: Asia Pacific Vascular Snare Market Volume (Units in Thousands) Forecast, by Type, 2017–2031
Table 23: Asia Pacific Vascular Snare Market Value (US$ Mn) Forecast, by Length, 2017–2031
Table 24: Asia Pacific Vascular Snare Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 25: Asia Pacific Vascular Snare Market Volume (Units in Thousands) Forecast, by Application, 2017–2031
Table 26: Latin America Vascular Snare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 27: Latin America Vascular Snare Market Value (US$ Mn) Forecast, by Type, 2017–2031
Table 28: Latin America Vascular Snare Market Volume (Units in Thousands) Forecast, by Type, 2017–2031
Table 29: Latin America Vascular Snare Market Value (US$ Mn) Forecast, by Length, 2017–2031
Table 30: Latin America Vascular Snare Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 31: Latin America Vascular Snare Market Volume (units in Thousands) Forecast, by Application, 2017–2031
Table 32: Middle East & Africa Vascular Snare Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 33: Middle East & Africa Vascular Snare Market Value (US$ Mn) Forecast, by Type, 2017–2031
Table 34: Middle East & Africa Vascular Snare Market Volume (Units in Thousands) Forecast, by Type, 2017–2031
Table 35: Middle East & Africa Vascular Snare Market Value (US$ Mn) Forecast, by Length, 2017–2031
Table 36: Middle East & Africa Vascular Snare Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 37: Middle East & Africa Vascular Snare Market Volume (Units in Thousands) Forecast, by Application, 2017–2031
List of Figures
Figure 01: Global Vascular Snare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 02: Global Vascular Snare Market Value Share Analysis, by Type, 2020 and 2031
Figure 03: Global Vascular Snare Market Attractiveness Analysis, by Type, 2021–2031
Figure 04: Global Vascular Snare Market Value (US$ Mn), Single-loop Snare, 2017–2031
Figure 05: Global Vascular Snare Market Value (US$ Mn), Triple-loop Snare Analysis, 2017–2031
Figure 06: Global Vascular Snare Market Value (US$ Mn), Four-loop Snare, 2017–2031
Figure 07: Global Vascular Snare Market Value (US$ Mn), Others, 2017–2031
Figure 08: Global Vascular Snare Market Value Share Analysis, by Length, 2020 and 2031
Figure 09: Global Vascular Snare Market Attractiveness Analysis, by Length, 2021–2031
Figure 10: Global Vascular Snare Market Revenue (US$ Mn), by 55 cm to 93 cm, 2017–2031
Figure 11: Global Vascular Snare Market Revenue (US$ Mn), by 100 cm to 150 cm, 2017–2031
Figure 12: Global Vascular Snare Market Revenue (US$ Mn), by 175 cm to 200 cm, 2017–2031
Figure 13: Global Vascular Snare Market Value Share Analysis, by Application, 2020 and 2031
Figure 14: Global Vascular Snare Market Attractiveness Analysis, by Application, 2021–2031
Figure 15: Global Vascular Snare Market Revenue (US$ Mn), by Heart, 2017–2031
Figure 16: Global Vascular Snare Market Revenue (US$ Mn), by Peripheral, 2017–2031
Figure 17: Global Vascular Snare Market Revenue (US$ Mn), by Neuro, 2017–2031
Figure 18: Global Vascular Snare Market Value Share Analysis, by Region, 2021 and 2031
Figure 19: Global Vascular Snare Market Attractiveness Analysis, by Region, 2021–2031
Figure 20: North America Vascular Snare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 21: North America Vascular Snare Market Value Share Analysis, by Country, 2020 and 2031
Figure 22: North America Vascular Snare Market Attractiveness Analysis, by Country, 2021–2031
Figure 23: North America Vascular Snare Market Value Share Analysis, by Type, 2020 and 2031
Figure 24: North America Vascular Snare Market Attractiveness Analysis, by Type, 2021–2031
Figure 25: North America Vascular Snare Market Value Share Analysis, by Length, 2020 and 2031
Figure 26: North America Vascular Snare Market Attractiveness Analysis, by Length, 2021–2031
Figure 27: North America Vascular Snare Market Value Share Analysis, by Application, 2020 and 2031
Figure 28: North America Vascular Snare Market Attractiveness Analysis, by Application, 2021–2031
Figure 29: Europe Vascular Snare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 30: Europe Vascular Snare Market Value Share Analysis, by Country/Sub-region, 2020 and 2031
Figure 31: Europe Vascular Snare Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 32: Europe Vascular Snare Market Value Share Analysis, by Type, 2020 and 2031
Figure 33: Europe Vascular Snare Market Attractiveness Analysis, by Type, 2021–2031
Figure 34: Europe Vascular Snare Market Value Share Analysis, by Length, 2020 and 2031
Figure 35: Europe Vascular Snare Market Attractiveness Analysis, by Length, 2021–2031
Figure 36: Europe Vascular Snare Market Value Share Analysis, by Application, 2020 and 2031
Figure 37: Europe Vascular Snare Market Attractiveness Analysis, by Application, 2021–2031
Figure 38: Asia Pacific Vascular Snare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 39: Asia Pacific Vascular Snare Market Value Share Analysis, by Country/Sub-region, 2020 and 2031
Figure 40: Asia Pacific Vascular Snare Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 41: Asia Pacific Vascular Snare Market Value Share Analysis, by Type, 2020 and 2031
Figure 42: Asia Pacific Vascular Snare Market Attractiveness Analysis, by Type, 2021–2031
Figure 43: Asia Pacific Vascular Snare Market Value Share Analysis, by Length, 2020 and 2031
Figure 44: Asia Pacific Vascular Snare Market Attractiveness Analysis, by Length, 2021–2031
Figure 45: Asia Pacific Vascular Snare Market Value Share Analysis, by Application, 2020 and 2031
Figure 46: Asia Pacific Vascular Snare Market Attractiveness Analysis, by Application, 2021–2031
Figure 47: Latin America Vascular Snare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 48: Latin America Vascular Snare Market Value Share Analysis, by Country/Sub-region, 2020 and 2031
Figure 49: Latin America Vascular Snare Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 50: Latin America Vascular Snare Market Value Share Analysis, by Type, 2020 and 2031
Figure 51: Latin America Vascular Snare Market Attractiveness Analysis, by Type, 2021–2031
Figure 52: Latin America Vascular Snare Market Value Share Analysis, by Length, 2020 and 2031
Figure 53: Latin America Vascular Snare Market Attractiveness Analysis, by Length, 2021–2031
Figure 54: Latin America Vascular Snare Market Value Share Analysis, by Application, 2020 and 2031
Figure 55: Latin America Vascular Snare Market Attractiveness Analysis, by Application, 2021–2031
Figure 56: Middle East & Africa Vascular Snare Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 57: Middle East & Africa Vascular Snare Market Value Share Analysis, by Country/Sub-region, 2020 and 2031
Figure 58: Middle East & Africa Vascular Snare Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 59: Middle East & Africa Vascular Snare Market Value Share Analysis, by Type, 2020 and 2031
Figure 60: Middle East & Africa Vascular Snare Market Attractiveness Analysis, by Type, 2021–2031
Figure 61: Middle East & Africa Vascular Snare Market Value Share Analysis, by Length, 2020 and 2031
Figure 62: Middle East & Africa Vascular Snare Market Attractiveness Analysis, by Length, 2021–2031
Figure 63: Middle East & Africa Vascular Snare Market Value Share Analysis, by Application, 2020 and 2031
Figure 64: Middle East & Africa Vascular Snare Market Attractiveness Analysis, by Application, 2021–2031
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Vascular Snare Market
