Surgical Stapling Devices Market Expected to Witness Massive Growth with a Significant CAGR of 8.36%, asserts DelveInsight

DelveInsight's "Surgical Stapling Devices Market Insights, Competitive Landscape, and Market Forecast 2026″ report delivers an in-depth understanding of the Surgical Stapling Devices and the historical and forecasted market size, ongoing developments, emerging devices, and key companies operating in the global market.

The global surgical stapling devices market was valued at USD 4.12 billion in 2021, growing at a CAGR of 8.36% during the forecast period from 2022 to 2027, to reach USD 6.67 billion by 2027. The growing demand for surgical stapling devices is primarily attributed to the increasing number of surgical procedures across the globe. In addition, rising preferences for a minimally invasive procedure, technological advancement in the product arena, and various advantages associated with surgical staplers are expected to propel the market for overall surgical staplers.

Surgical Stapling Devices: An Overview
Surgical staplers are medical devices that are used in place of sutures. They can close large wounds or incisions more quickly and be less painful than stitches for patients and are often used in minimally invasive surgery.

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Key Takeaways from the Surgical Stapling Devices Market Report Study
• Market size analysis for current market size (2021), and market forecast for 5 years (2022-2027)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyse suitable indicators, our experts are closely watching the Surgical Stapling Devices market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the Global Surgical Stapling Devices Market.
• Various opportunities available for the other competitor in the Surgical Stapling Devices Market space.
• What are the top-performing segments in 2021? How these segments will perform in 2027.
• Which are the top-performing regions and countries in the current market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Surgical Stapling Devices market growth in the coming future?

Recent Developmental Activities in the Surgical Stapling Devices Market:
• In March 2021, Ethicon Launches New Echelon+ Stapler with GST Reloads to increase staple line security and reduce complications in surgery.
• In February 2021, Meril Lifesciences Pvt. Ltd., received FDA clearance for Mirus Circular Stapler, Mirus Linear Cutter and Reload, Mirus Hemorrhoidal Circular Stapler, Mirus Linear Stapler and Reload.
• In July 2020, Covidien (Medtronic) received FDA approval for Signia Stapler (with new software.

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Surgical Stapling Devices Market
Surgical Stapling Devices Market By Product Type (Powered Surgical Staplers And Manual Surgical Staplers), By Type (Circular, Linear, Curved, Skin Closure, Others), By Usage (Single-Use/ Disposable And Reusable), By Application (Abdominal & Pelvic Surgery, Cardiac & Thoracic Surgery, Cosmetic Surgery, And Others), By End-User (Hospitals, Ambulatory Surgical Centers, Others), by geography, is projected to expand at a constant CAGR forecast till 2027 due to the growing number of surgeries worldwide and technological advancement in the surgical staplers portfolio.

Surgical Stapling Devices Market Dynamics
The demand for surgical stapling devices is escalating at present because of the increasing number of surgical procedures across the globe. For instance, according to the data published by the Global Surgery Foundation in the year 2021, there are approximately 30% of global disorders caused by indications that can be treated by surgery. In addition, as per the 2019 statistics revealed by the Australian Institute of Health and Welfare, about 24% (2.7 million) of the hospital admissions in the country involved elective surgery in the year 2017-2018. Moreover, advantages of staplers such as minimal tissue reaction, reduced risk of infection, and strong wound closure, less tissue strangulation than sutures, among others are also expected to raise the demand for the device during surgery.

Surgical Stapling Devices Market Segment Analysis
Surgical Stapling Devices Market By Product Type (Powered Surgical Staplers and Manual Surgical Staplers), By Type (Circular, Linear, Curved, Skin Closure, Others), By Usage (Single Use/ Disposable And Reusable), By Application (Abdominal & Pelvic Surgery, Cardiac & Thoracic Surgery, Cosmetic Surgery, and Others), By End User (Hospitals, Ambulatory Surgical Centers, Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the surgical stapling devices product type segment, the powered surgical staplers are projected to hold a significant market share during the forecasted period. This is owing to the availability of various technologically advanced powered surgical staplers. Furthermore, benefits such as easier to operate, and optimized stapling solutions capable of reducing leaks without compromising perfusion, less movement during transection, and others associated with powered surgical staplers will also fuel the market of powered surgical staplers.

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Surgical Stapling Devices Market is expected to dominate by North America

This domination is due to the increasing surgical procedures such as bariatric surgery, aesthetic surgeries in the region. Also, rising traumatic injury in the region which require surgical staplers for closing the wound is another factor for the growth of the surgical staplers market in the region. For instance, according to the American Society for Metabolic and Bariatric Surgery 2021 publication, a total of 256,000 bariatric surgeries were performed in the region in the year 2019 out of which 59.4% were laparoscopic sleeve gastrectomy which requires surgical staplers to remove 80% of the stomach, making it much smaller. In addition, as per the reports published by Obesity Canada in the year 2019, a total of 10,364 bariatric surgeries were performed in the region between 2017 and 2018. Thus, growing surgeries especially for weight loss could be a potential factor responsible for augmenting the surgical stapling devices market.

Surgical Stapling Devices Market Companies
Some of the key market players operating in the surgical stapling devices market include B. Braun Melsungen AG, ConMed Corporation, Intuitive Surgical., Meril Life Science Pvt. Ltd, Medtronic, Johnson & Johnson, Smith & Nephew, Lepu Medical, Frankenman International Ltd, 3M, Fengh Medical Co., Ltd., IntoCare Medical Technology (Suzhou) Co., Ltd., Lexington Medical, Waston medical, Reach Surgical, Purple Surgical, Stapleline Medizintechnik GmbH, Panther Healthcare, Microcure (Suzhou) Medical Technology Co., Ltd., Golden Stapler Surgical Co., Ltd., and others.

Table of Content
1. Market Report Introduction
2. Market Executive summary
3. Regulatory and Patent Analysis
4. Market Key factors analysis
5. Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Surgical Stapling Devices Market
7. Market layout
8. Surgical Stapling Devices Global Company Share Analysis - Key 3-5 Companies
9. Surgical Stapling Devices Company and Product Profiles
10. KOL Views
11. Project Approach
12. About DelveInsight
13. Disclaimer & Contact Us

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About DelveInsight
DelveInsight is a leading Life Science market research and business consulting company recognized for its off-the-shelf syndicated market research reports and customized solutions to firms in the healthcare sector.

This release was published on openPR.