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Surgical Stapling Devices Market Report: Insights, Industry Outlook, Growing Trends And Demands
Surgical Stapling Devices Market
Surgical Stapling Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $6.06 billion In 2028 At A CAGR Of 9.1%.
The surgical stapling devices market size has grown rapidly in recent years. It will grow from $3.87 billion in 2023 to $4.27 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to minimally invasive surgery adoption, growing aging population, rising incidence of chronic disease, patient demand for less invasive procedures, healthcare infrastructure development.
The surgical stapling devices market size is expected to see strong growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing surgical procedures in emerging markets, rise in bariatric surgeries, preference for outpatient procedures, focus on value-based healthcare, surge in robotic-assisted surgeries. Major trends in the forecast period include technological innovations, integration with imaging technologies, telemedicine and remote surgical assistance, customizable stapling solutions, artificial intelligence in surgical decision-making.
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Surgical Stapling Devices Market Major Segments
The surgical stapling devices market covered in this report is segmented -
1) By Product: Powered, Manual
2) By Surgery Type: Open Surgery, Laparoscopic Surgery
3) By Application: Gynecology Surgery, Urology Surgery, General Surgery, Other Applications
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End -Users
Key Driver - Surge In Gastrointestinal Surgery Procedures Fuels Growth In The Surgical Stapling Devices Market
The rise in gastrointestinal surgery procedures is expected to propel the growth of the surgical stapling devices market going forward. Gastrointestinal surgery is used for treating disorders that affect the area of the body that aids in digestion. It comprises treatments for typical and rare small intestine, esophageal, and stomach problems. Surgical stapling devices help surgeons easily handle several gastrointestinal surgery procedures by providing appropriate homeostasis/tissue apposition without significant ischemia or tissue destruction. For instance, in January 2023, according to the United Network for Organ Sharing, a US-based non-profit scientific and educational organization, liver transplants with living donors accounted for 603 cases in 2022, an annual record and a rise of over 6% above the 2021 level. Therefore, the rise in gastrointestinal surgery procedures is driving the growth of the surgical stapling device market.
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Prominent Trend - Ethicon's Echelon+ Stapler Sets New Standards In The Surgical Stapling Device Market
Technological advancements are a key trend gaining popularity in the surgical stapling device market. Major companies operating in the surgical stapling devices market are adopting new technologies to sustain their position in the market. For instance, in March 2021, Ethicon, a US-based company and part of Johnson & Johnson Medical Devices, launched the ECHELON+ Stapler with GST Reloads. This novel-powered surgical stapler is meant to improve staple line security and prevent problems by providing more uniform tissue compression and improved staple creation under challenging settings. A number of innovative design elements differentiate the new device from previous staplers, including a reengineered ECHELON+ Anvil with Gripping Surface Technology (GST) Reloads, which is designed for more uniform compression to better capture and form staples, along with a new motor with Dynamic Firing. This optimizes firing speed in thick tissue to enhance compression and improve audible feedback.
Surgical Stapling Devices Market Players
Major companies operating in the surgical stapling devices market report are 3M Company, Medtronic PLC, Johnson & Johnson MedTech, Becton, Dickinson and Company, Stryker Corporation, B. Braun SE, Zimmer Biomet Holdings Inc., Intuitive Surgical Inc., Smith & Nephew PLC, Teleflex Incorporated, CONMED Corporation, Meril Life Sciences India Pvt. Ltd., Blue Sail Medical Co Ltd., Surgical Specialties Corporation, Ackermann Instrumente GmbH, Frankenman International Ltd., Touchstone International Medical Science Co. Ltd., Genesis Medtech Group., Jiangsu Qianjing Medical Equipment Co. Ltd., Purple Surgical Holdings Limited, Surgical Innovations Group, BioPro Inc., Changzhou Ankang Medical Instruments Co. Ltd., Dextera Surgical Inc., Cardica Inc., Grena Ltd., Welfare Medical Ltd., Lexington Medical Inc., Advin Healthcare Private Limited (AHPL), Victor Medical Instruments Co. Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the surgical stapling devices market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical stapling devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Surgical Stapling Devices Market Report Structure
3. Surgical Stapling Devices Market Trends And Strategies
4. Surgical Stapling Devices Market - Macro Economic Scenario
5. Surgical Stapling Devices Market Size And Growth
…..
27. Surgical Stapling Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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