Global Surgical Stapling Devices Market Overview
"The Surgical Stapling Devices Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Surgical stapling devices are specialized medical staplers used while surgeries or operations instead of sutures to close skin wounds and thoracic and intra-abdominal resections. Surgical staples are preferred over sutures since they are more consistent, and hence less likely to leak air or blood. Surgical staples are mostly used in lung and bowel surgeries.
Adoption of minimally invasive (MI) surgeries using surgical staplers has increased as it offers benefits such as faster recovery, protection from post-surgery infections, minimal pain, coagulation, and accurate closure. In recent times, orthopedic, neurological, and cardiovascular diseases have been increasing significantly. In addition, obesity has become a major concern in various countries across the globe due to changing lifestyles, unhealthy food habits, less healthy activities, etc.
Thus, an increasing number of surgical procedures, rising acceptance, and adoption of minimally invasive surgeries, coupled with rising concerns regarding healing by traditional sutures, high usage of surgical stapling devices in surgeries such as lung, bowel, laparoscopy, etc., and an increasing geriatric population are anticipated to fuel the growth of the global surgical stapling devices market.
However, post-surgery discomfort, pain, and scars caused by staplers, high cost involved in R&D of surgical staplers, etc. are factors hampering the growth of the global surgical stapling devices market.
Among the product type segments, the powered surgical stapling devices segment is contributing significantly to the growth of the global surgical stapling devices market owing to the advanced technology used and the rising need for better wound closure and management.
The market in North America contributes the highest revenue share to the global surgical stapling devices market due to the increasing geriatric population and growing demand for advanced medical technologies. Asia Pacific surgical stapling devices market is expected to register a high CAGR during the forecast period owing to rising healthcare awareness, growing trend of medical tourism, coupled with continuous and rising demand for advanced medical technologies.
Market segmentation and key players in the global surgical stapling devices market:
Global market segmentation by product:
- Powered Surgical Stapling Devices
- Manual Surgical Stapling Devices
Global market segmentation by usage type:
- Disposable surgical stapling devices
- Reusable surgical stapling devices
Global market segmentation by stapling type:
Global market segmentation by end-user:
- Ambulatory surgical centers
Global market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Johnson & Johnson
- Conmed Corporation
- Alcon Laboratories Inc.
- KLS Martin Group
- Zimmer Holdings Inc.
- Stryker Corporation
- Ethicon Inc.
- Smith & Nephew PLC
- Medtronic Inc.
- CareFusion Corporation
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