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Surgical Staplers Market is Growing Exponentially | Prominent Players Profile: 3M, B. Braun Melsungen AG, Conmed Corporation, Ethicon Inc

08-24-2018 04:00 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc

Surgical Staplers Market

Surgical Staplers Market

Rise in number of surgical procedures in the developed regions of North America will enhance the growth of surgical Staplers market. According to the recent data from National Center for Health Statistics, around 50 million surgical procedures are conducted in U.S. annually, that majorly include appendectomy, cardiovascular and general surgeries. The increasing effective use of surgical Staplers in several different surgeries has resulted in increased number of surgical procedures that are conducted without much post-surgical complications.

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Technological advancements in surgical Staplers has resulted in manufacturing of different surgical devices and other instruments that are effectively and safely used in surgical procedures. The progression of mechanical sutures by use of surgical Staplers has led to market growth by minimizing the earlier surgical complications. Currently, surgical Staplers are repeatedly used several times in chronic surgical procedures such as complex laparoscopic operations, digestive reconstructions and extensive resections.

The rising cases of adverse events and product problems resulting in numerous patient’s deaths and injuries will be one of the industry impeding factor. Adverse events were reported by the U.S. Food and Drug Administration (FDA) Manufacturer and User Facility Device Experience (MAUDE), that involved use of surgical Staplers in surgical procedures.

Surgical Staplers Market, By Product

Circular surgical Staplers dominated the surgical Staplers market in the year 2017 with a total revenue of USD 1,447.6 million. The varied range of applications provided by the circular Staplers in chronic and complicated surgeries will enhance the business growth. Increasing use of circular Staplers for end-to-end anastomosis such as cervical esophagogastric anastomosis in esophagectomy will increase the product business expansion.

Linear surgical Staplers market is anticipated to grow at a considerable rate the industry with CAGR of 7.1%. Increasing use of linear Staplers in paediatric surgery, abdominal surgery, thoracic surgery and gynaecology will result in high product adoption rate during the forecast period. The ease of use and accessibility to narrow anatomic sites provided by the linear surgical Staplers will lead to significant increase in the segment revenue in the upcoming years.

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Surgical Staplers Market, By Technology

Powered surgical Staplers held major market share in the year 2017 and accounted for total revenue of USD 2,749.2 million. In recent past increased research and development activities to enhance the operational capabilities of surgical Staplers has resulted in powered surgical Staplers gaining large number of market share in the surgical Staplers industry.

Manual surgical Staplers business is estimated to grow at substantial rate during the projection period at a CAGR of 6.6%. Manual surgical Staplers are economical as they are available at affordable price and are very easy to use giving added advantage to the healthcare professional practicing in the developing regions. The increasing use of manual surgical Staplers for surgical procedures in the developing regions will lead to the business size expansion.

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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