Transparency Market Research in its new report titled, “Polyp Trap Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the polyp trap devices market. The TMR report states that the technical advancements in minimally invasive procedures and diagnostic techniques such as flexible colonoscopy and capsule endoscopy will drive the polyp trap devices market during the forecast period i.e, 2018-2026. Demand for preventive health care and patient safety are the other factors fueling the global polyp traps market. However, lack of education and required infrastructure in emerging and underdeveloped markets is likely to restrain the market, says the report.

The TMR report has segmented the global polyp trap devices market based on product type, end-user, and region. On the basis of product type, the market is classified into single chamber, four chamber, and others. Four chamber devices are gaining preference as these offer better collection of polyps, differentiation of specimens, and avoid mixing of polyp fragments and other fluids.

Advanced polyp traps offer collection of multiple specimens while retaining its suction in-line operation. In terms of end-user, the global polyp trap devices market is classified into hospitals, ambulatory surgical centers, and specialty clinics. Ambulatory surgical centers are registering high adoption of minimally invasive surgeries. A survey conducted in the U.S. estimated that gastroenterology endoscopy procedure accounts for 25% to 30% of total procedures being performed in ambulatory surgical centers.

From a regional perspective, the global polyp trap devices market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America is projected to account for the largest share of the global market during the forecast period, owing to high adoption of minimally invasive procedures, demand for preventive health care, and well-established health care infrastructure. Among these, Europe is anticipated to account for a significant share of the global market during the forecast period.

Demand for quality health care and international standards in health care provision are the key factors driving the polyp trap devices market in Europe. Increase in expenditure to develop health care infrastructure and rise in private health care expenditure in emerging markets such as China and India are anticipated to boost the market in Asia Pacific. However, cost sensitive market, over-reliance on traditional polyp specimen collection techniques, and lack of required infrastructure in several countries in Asia are the major restraints of the market.

Some of the key players operating in the global polyp trap devices market are profiled in this report to give a better competitive analysis of the market and these include US Endoscopy (Part of STERIS Corporation), MEDIVATORS, Inc., Boston Scientific Corporation, Medisafe International, Medi-Globe GmbH, Body Products, and Mednova (Zhejiang Chuangxiang Medical Technology Co., Ltd.), among others.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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