|01-11-2019 06:23 PM CET - Health & Medicine||
New Research Report on Surgical Staplers Market with Ethicon, Inc., Integra LifeSciences, Intuitive Surgical Devices, Frankenman International
Press release from: Global Market Insights
The Surgical Staplers Market was valued over USD 3.7 billion in 2017 and is expected to witness more than 7.2% CAGR from 2018 to 2024.
Increase in number of surgical procedures across the world will augment the surgical stapler industry growth in the forthcoming years. The use of surgical staplers has increased in the past few years in most common types of surgeries such as cardiovascular and general surgeries. Almost two-third of the hospitalized cases involve in some or the other surgical procedure. Increase in number of patients with chronic diseases in North America, that ultimately need invasive surgical procedures such as bypass surgery and other major complicated surgeries will contribute to surgical staplers’ industry expansion over the forecast period.
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Prevalence of traditional wound closure practices in developing regions of Asia Pacific will be one of the major growth restraining factor. Despite the recent technological advancements in wound closure procedure, there are certain regions that still practice traditional methods and therapies for wound closure. Countries with lower economy will have low product adoption rate resulting in impeding industry expansion.
Linear surgical stapler segment held a significant market share with a total value of USD 1,133.6 million in 2017. Linear surgical stapler is more prevalently used in gastrointestinal system (GIS) anastomosis and other anastomosis procedures. Increasing use of linear stapler in anastomosis surgery procedures will enhance the industry growth in forthcoming years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• CONMED Corporation
• Intuitive Surgical Devices
• Reach Surgical
• Smith & Nephew
• BKK B. Braun Melsungen AG
• Ethicon, Inc.
• Integra LifeSciences
• Meril Life Sciences India Pvt Ltd
• Purple Surgical
• Frankenman International
Powered surgical stapler business is estimated to show significant growth in the forecast timeframe at CAGR of 7.5%. Increase in research and development activities have led to many advanced stapling devices that have been predominantly used in several surgical procedures. Also, according to the studies it was observed that the use of powered surgical stapler resulted in minimum post-operative complications such as bleeding and infections.
Reusable surgical stapler business valued at USD 1.2 billion in 2017. Reusable staplers generate very less surgical waste and also are easily available at an economical price in the medical stores. The reusability of the staplers will increase the product demand and adoption rate in the coming years resulting in business growth.
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U.S. dominated North American surgical Staplers market with the revenue of 1,439.4 million in 2017. Ongoing technological advancements leading to manufacturing of superior quality surgical Staplers coupled with increase in number of surgical procedures conducted in U.S. will result in higher revenue share over the forecast period. Also, availability of sophisticated infrastructure required for carrying out complex surgical procedures will drive the regional growth.
Surgical Staplers Market by Product
Surgical Stapler Market by Technology
Surgical Stapler Market by Usability
Surgical Stapler Market by Surgery
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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This release was published on openPR.
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