Global Surgical Stapler Market-Highlights —
Surgical staplers are medical devices used in closing internal wounds. They assist surgeons during transections, resections, and anastomoses. The global surgical stapler market report by Market Research Future (MRFR) touches on key drivers and challenges to be faced by industry leaders for the period of 2018 to 2023 (forecast period). Impact of the COVID-19 pandemic is analyzed in high detail in the report.
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Global Surgical Stapler Market Scope
The global surgical stapler market is predicted to accrue revenues at 7.2% over the forecast period. It is driven by the rise of chronic diseases, awareness of treatments, surgical options, and a large patient pool. The rising spate of cosmetic, pediatric, bariatric, and breast augmentation surgeries are likely to bode well for the market in the coming years. The large healthcare expenditure and the growing population in Europe and Asia Pacific are likely to drive the number of surgeries and the market demand as a result.
Huge prevalence of chronic diseases and new guidelines for surgeries can trigger the market demand. Rise of minimally invasive surgeries can drive the need for surgical sutures. Low chances of infection and pre-sterilized state of these staples can drive its demand among surgeons.But high costs of staples can be detrimental to the market.
Global Surgical Stapler Market Segmentation
The global surgical stapler market is segmented by types, product, application, and end-users.
Based on types the surgical stapler market is divided into disposable surgical staplers and reusable surgical staplers.
Products are divided into manual surgical staplers and powered surgical staplers.
Major applications in the global surgical stapler market encompass general surgery, orthopedic surgery, abdominal and pelvic surgery, cardiac and thoracic surgery, and other surgical applications.
Based on end-user, the global surgical stapler market is targeted at hospitals, ambulatory surgical centers (ASCs), and clinics.
Global Surgical Stapler Market Regional Analysis
The market has been segmented, by region, into the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
The Americas are divided into North and South America. North America can dominate the regional surgical stapler market during the forecast period. Technological advancements, growing geriatric population, and a noticeable rise in surgeries are likely to drive the surgical stapler market during the forecast period.
The European market is expected to be the second-largest market. The market growth in this region can be attributed to the increasing awareness and adoption of the advanced surgical technology. Procurement of surgical equipment as well as new guidelines for improving outcomes of women with cervical cancer can drive the demand for surgical staplers. Europe and North America are expected to hold a major share of around 70% of the surgical stapler market till 2023.
APAC is expected to be the fastest-growing surgical stapler market during the forecast period owing to the large patient pool, increasing prevalence of cardiovascular diseases, rising investments in healthcare, and expansions by market players in the region. Lastly, the global surgical stapler market in the MEA is expected to account for the smallest share in the global surgical stapler market due to the underdeveloped healthcare sector.
Global Surgical Stapler Market Competition Outlook
Welfare Medical Ltd, Cardica Inc, Smith and Nephew Plc, Meril Life Sciences Pvt. Ltd., Frankenman International Limited, Purple Surgical Inc., CONMED Corporation, Ethicon. US, LLC., B. Braun Melsungen AG, Reach Surgical, Grena Ltd, Medtronic, Zimmer Biomet, Touchstone International Medical Science Co. Ltd, and Stryker are key producers of the global surgical stapler market. Efforts to increase precision of stapling are likely to be the major focus of producers.
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