The rising prevalence of chronic diseases is expected to contribute positively to the surgical stapling devices market, says Fortune Business Insights in a report, titled “Surgical Stapling Devices Market Size, Share & Industry Analysis, By Product Type (Powered, Manual), By Type (Disposable, Re-usable), By Application (Gynecology Surgery, Urology Surgery, General Surgery, Others), By Surgery Type (Open Surgery, Laparoscopic Surgery), By End-user (Hospitals, Speciality Clinics, Others) and Regional Forecast, 2019-2026.” The global surgical stapling devices market size was valued at USD 2.16 Billion in 2018 is expected to reach USD 3.81 Billion by 2026, exhibiting a CAGR of 7.4% between 2019-2026.
Key Players Operating in The Global Surgical Stapling Devices Market Include:
- Johnson and Johnson Services, Inc.
- Smith & Nephew
- Braun Melsungen AG
- Purple Surgical
- Intuitive Surgical
- AesDex, LLC
- Becton, Dickinson and Company
- Conmed Corporation
Disposable Stapling Devices Segment to Hold Maximum Share
On the basis of type, the surgical stapling devices market is segmented into disposable and re-usable. Disposable surgical stapling devices is expected to account for maximum shares in the market during the forecast period owing to the increasing demand for disposable staplers among healthcare professionals for wound and incision closure.
The increasing awareness regarding the benefits of disposable staplers such as decreased risk of infection and larger product offerings will further boost the growth of the segment in the near future. The disposable surgical stapling devices are expected to witness high demand in the developed countries of Europe and North America owing to the increasing awareness of hospital-acquired infections.
The reusable surgical stapling devices market segment is expected to grow at a lower CAGR compared to the disposable staplers due to higher risk of infection and lower adoption rate in established markets. The segment is expected to hold a larger share in emerging nations compared to the developed countries owing to the cost-effectiveness of the product.
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Key Segmentation of Surgical Stapling Devices Market:
By Product Type
- Powered Surgical Stapling Device
- Manual Surgical Stapling Device
- Gynecology surgery
- Urology surgery
- General Surgery
By Surgery Type
- Open Surgery
- Laparoscopic Surgery
- Specialty Clinics
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The Surgical Stapling Devices Market report offers a detailed summary of the market by shedding light on some of the important aspects which involves growth prospects, market trends, obstacles, and restraints. It offers informative data on key players present in the market. industry developments and analyses of these companies are covered in the report, aiding the stakeholders to make strategic judgements and thus invest in the market.
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