Asia Pacific Surgical Staplers Market to Reach at a CAGR of 9.07% by 2024 with Market Key Players - , Ethicon Inc. and Medtronic plc, CONMED Corporation, Smith & Nephew, Purple Surgical Inc., Intuitive Surgical Inc., Welfare Medical Ltd., Reach Surgical I

Asia Pacific Surgical Staplers Market Size and Growth Rate:

According to the Research Report, the Asia-Pacific (APAC) Surgical Stapler market Size is expected to reach USD 1.8 billion by 2024, growing at a compound annual growth rate of 9.07% over the forecast period 2018-2024.

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Asia Pacific Surgical Staplers Market Overview:

A number of factors, such as the increase in the number of surgical procedures worldwide, the growing preference for minimally invasive surgeries, technological advances, and the growing preference for surgical staplers over sutures, will stimulate growthof the market. On the other hand, the high cost of the devices and the availability of alternative techniques for wound treatment may hinder the growth of the market in the coming years.
Surgical staplers have been developed to address growing concerns about the healing of traditional sutures. Compared to sutures, modern surgical staplers are less prone to separation and leakage. In addition, the growth of the geriatric population susceptible to various diseases is the driving force behind the growth of this market in the Asia Pacific.

The advent of new technologies, the highly developed health infrastructure in developed countries and the growing demand for engineered surgical instruments in emerging economies are other factors contributing to the expansion of this market. Factors that limit market growth are the increasing demand for advanced wound closure materials such as fibrin adhesives and sealants, industry price competition and side effects such as allergies or adverse reactions to products like titanium or steel.

The high cost of these devices over their traditional alternatives is one of the limiting factors in the growth of this market, as well as the availability of alternative techniques for the treatment of wounds, such as fibrin sealants and sealants, surgical and other alternatives, which do not require basic withdrawals in reduced inflammation and scars.

Asia Pacific Surgical Staplers Market Geographical Insights:

Asia Pacific is poised to record the highest CAGR in the forecast period, which is attributed to factors such as growth of the geriatric population, increased incidence of diseases, greater preference for bariatric and cosmetic surgeries, the availability of state-of-the-art products and the highest rate of adoption among surgeons and patients, and increased public and private spending as a percentage of GDP.

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Key Players of the Asia Pacific Surgical Staplers Market:

The market for surgical staplers is duopolistic in nature with two major players, Ethicon Inc. and Medtronic plc. The market also includes actors such as CONMED Corporation, Smith & Nephew, Purple Surgical Inc., Intuitive Surgical Inc., Welfare Medical Ltd., Reach Surgical Inc., Meril Life Science Pvt. Ltd., Grena Ltd., B. Braun Melsungen AG, Dextera Surgical Inc.,Frankenman International and Becton, Dickinson and Company.

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