The report "Surgical Staplers Market by Product
(Manual, Powered), Type (Disposable, Reuse), Application (Abdominal, Pelvis,
General Surgery, Cardiac, Thoracic, Orthopedic, Hemorrhoids, Cosmetic,
Pediatric), and End User (Hospital, ASC, Clinic) - Global Forecast to
2022", The global Surgical Staplers Market is expected to
reach USD 4.78 Billion by 2022 from USD 3.38 Billion in 2017, at a CAGR of 7.2
%
Browse 109 market data tables and
37 figures spread through 183 pages and in-depth TOC on "Surgical Staplers Market “
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The growth of
the market is attributed to the increasing number of surgical procedures across
the globe, growing preference for minimally invasive surgeries, technological
advancements, and increasing preference for Surgical Staplers over sutures. The
growing popularity of cosmetic surgeries, medical tourism in developing
economies, increasing healthcare demand in low- and middle-income countries is
expected to offer lucrative growth opportunities for players in the Surgical
Staplers Market.
On the basis of product, the market is
segmented into manual Surgical Staplers and powered surgical staplers. In 2017,
the manual Surgical Staplers are expected to account for the largest share of
the market. Powered Surgical Staplers are expected to register the highest CAGR
during the forecast period. The growth of this segment is attributed to the
wide range of benefits associated with powered staplers, such as ease of use,
minimal risk of complications like blood loss/leakage, shorter operating time,
and reduced hospital costs as compared to manual staplers.
The global Surgical Staplers Market, by
type is segmented into disposable Surgical Staplers and reusable surgical
staplers. In 2017, disposable Surgical Staplers are expected to account for the
largest share of the market. There are various advantages associated with these
devices including reduced risk of surgical site infections (SSIs) and time
efficiency owing to pre-sterilization of devices.
Based on the application, the market is
segmented into abdominal & pelvic surgery, general surgery, cardiac and
thoracic surgery, orthopedic surgery, and other surgical applications. In 2017,
abdominal & pelvic surgery is expected to account for the largest share of
the market. The large share of this segment can primarily be attributed to the
increasing prevalence of obesity, growing health consciousness across the
globe, increasing purchasing power, and growth in the number of bariatric or
weight loss surgeries across the globe.
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The market is segmented into North America,
Europe, Asia-Pacific, and RoW. In 2017, North America accounted for the largest
share of the market; Asia-Pacific is expected to register the highest CAGR
during the forecasted period, followed by Europe. The high growth of the
Asia-Pacific market is attributed to the factors such as increasing per capita
income levels (and consequent increase in purchasing power), growing healthcare
awareness, rising number of private sector hospitals, development of primary
healthcare infrastructure, and growing medical tourism in this region. Europe
is the second largest growing market; factors such as growing number of
surgical procedures and increasing preference for bariatric and cosmetic
surgeries are expected to fuel the market growth in this region.
The Surgical Staplers Market is duopolistic
in nature with two major players Ethicon Inc. (U.S.) and Medtronic plc
(Ireland). CONMED Corporation (U.S.), Smith & Nephew (U.K.), Purple
Surgical Inc. (U.K.), Intuitive Surgical Inc. (U.S.), Welfare Medical Ltd.
(U.K.), Reach surgical Inc. (China), Meril Life Science Pvt. Ltd. (India),
Grena Ltd. (U.K.), B. Braun Melsungen AG (Germany), Dextera Surgical Inc.
(U.S.), Frankenman International (China), and Becton, Dickinson and Company
(U.S.) are some of the other players operating in the global Surgical Staplers
Market
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