Market Insights
The global surgical stapler market is likely to grow at a splendid pace at an astounding CAGR of 7.2 % from 2018 to 2023, asserts Market Research Future Reports (MRFR). MRFR published this report in the latest and conducted in-depth analysis on it. Thus, it portrays study on the performance of this market, highlighting the key trends and growth opportunities led by the key market players.
A numeral of factors such as swelling number of surgical procedures and improvising in the provisions across the globe, growing preference for minimally hostile surgeries, technological advancements, and increasing preference for surgical staplers than sutures are highly expected to drive the growth of the surgical stapler market.
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Global surgical stapler market Drivers & Trends
Currently, a lot of companies have increased their focus on the development of technologically advanced surgical staplers to strengthen their product portfolio in the surgical stapler market. However, the growing geriatric population on a global level, in need of surgical procedures and better insurance coverage policies will also increase the market share of the global surgical stapler market exponentially.
With that, a growing number of bariatric and other weight loss surgeries have increased the demands for the usage of surgical staplers. Moreover, growing aesthetic operations, breast surgeries, surgical technology, and pediatric surgical procedures have also supported the surgical stapler market size to expand and grow in the future timeline.
As per the findings of MRFR, staplers are widely used in general, in cardiac and thoracic, orthopedic, abdominal and pelvic, and other surgeries. With this, due to increasing aesthetic surgeries, breast surgery the application of stapling it has steadily moved from open surgery to endoscopic surgery, which is further expected to propel the surgical staplers market growth in the years to come.
Global Surgical Stapler Market Segmentation
Market Research Future Reports have also mentioned segmentation of the market. Hence, the global surgical stapler market has been segmented into types, product, application, and end-users.
By the segmentation of types, the surgical stapler market is bifurcated into disposable surgical staplers and reusable surgical staplers.
By the mode of product, the market is segmented into manual surgical staplers and powered surgical staplers.
By the mode of application, the surgical stapler market is segmented into abdominal and pelvic surgery, general surgery, cardiac and thoracic surgery, orthopedic surgery, and other surgical applications.
By the mode of end-user, the market is segmented into hospitals, ambulatory surgical centers (ASCs), and clinics.
Regional Outlook
Regionally, the market has covered the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
Among these, the global surgical stapler market in North America will lead the surgical stapler market during the forecast period owing to ongoing technological advancements, growing geriatric population, and the rising number of surgical procedures. Together, North America and Europe are expected to grasp a significant share of around 70% of the surgical stapler market.
The European market is also likely to be the second-largest market share holder attributing to the increased alertness and adoption of advanced surgical technology.
Whereas, Asia-Pacific region is expected to be the fastest-growing surgical stapler market during the assessment period owing to the increasing occurrence of cardiac diseases, raising funds in healthcare, increasing geriatric population, and expansions by market players in the region. This region is reflecting an intense competition to the global surgical stapler market with the help of producing cost-effective treatments in local as well as global markets. Thus, this is gaining the market in Asia Pacific region and will continue to give at a steady pace in the forecast period.
On the opponent, the market for a surgical stapler in the Middle East and Africa is also expected to account for the smallest share owing to the underdeveloped healthcare sector, lack of technical knowledge, and inadequate medical facilities.
Key Players
Market Research Future Reports has listed some of the best players in the global surgical stapler market; they are Ethicon. US, LLC., Cardica Inc, Smith and Nephew Plc, CONMED Corporation, Purple Surgical Inc., Welfare Medical Ltd, Reach Surgical, Grena Ltd, B.Braun Melsungen AG, Frankenman International Limited, Zimmer Biomet, Stryker, Meril Life Sciences Pvt. Ltd., Touchstone International Medical Science Co.Ltd, and Medtronic.
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