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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