Press release
Europe Surgical Staplers Market is Growing at Higher CAGR of 8.7% and Estimated USD 999.4 million by 2024
Europe Surgical Staplers Device Market ? Trends and Forecast To 2024
Europe Surgical Staplers Device Market is expected to reach USD 999.4 million by 2024 from USD 513.3 million in 2016, at a CAGR of 8.7% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The major factors driving the growth of this market include increased surgical procedures, increased healthcare expenditure, new product launches in Europe. These factors increase the demand for surgical devices such as manual, powered, disposable and reusable surgical staplers. On the other hand, rising costs of surgical staplers device and stringent regulatory scenario may hinder the growth of the market.
Europe Surgical Staplers Device Market Segmentation:
The Europe surgical staplers device market is segmented on the basis of type, product type, application, end user, distribution channel, and geography. The Europe Surgical Staplers Market Report is segmented into manual and powered. In 2017, the manual surgical staplers segment is expected to dominate the market with a share of ~25.8% and is expected to continue this trend till 2024.
Surgical staplers device market is segmented into disposable and reusable. In 2017, the surgical staplers disposable segment is expected to dominate the market with a share of ~89.2% and is expected to continue this trend till 2024.
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On the basis of application, the market is segmented into abdominal, general surgery, cardiac, thoracic, orthopedic, hemorrhoids, and others. Thoracic segment is projected to witness the highest growth rate of 9.6% during the forecast period to reach a value of USD 247.2 million by 2024.
On the basis of distribution channel, the Europe surgical staplers market is segmented into direct tenders and retail. In 2017, the direct tender market is expected to dominate the market with a value of USD 743.5 million.
On the basis of end users, the Europe surgical staplers market is segmented into hospital, clinics, and ambulatory surgical centers. In 2017, the hospital segment is expected to dominate with the market share of 62.6% and is expected to continue this trend till 2024.
Based on geography, the market is segmented into ten geographical regions, such as, Germany, France, U.K., Switzerland, Netherlands, Spain, Russia, Turkey, Belgium and rest of Europe.
Europe Surgical Staplers Device Market Key Drivers:
Some of the major factors driving the market for rising scope of surgical staplers devices are increased surgical procedures, increased healthcare expenditure, new product launches in Europe. These factors increase the demand for devices such as manual, powered, disposable and reusable surgical staplers.
• Rising cost of surgical staplers devices and stringent regulatory scenario are the factors which may hinder the growth of this market.
• Many companies are increasingly focusing on development of technologically advanced surgical staplers in order to strengthen their product portfolios in the surgical staplers market.
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Europe Surgical Staplers Device Market Key Points:
Medtronic is going to dominate the Europe surgical staplers market following with Ethicon. U.S., LLC., along with others such Cardica Inc., Smith and Nephew Plc, CONMED Corporation, Purple Surgical Inc., Welfare Medical Ltd, Reach Surgical., Grena Ltd., B.Braun Melsungen AG, Frankenman International Limited, Zimmer Biomet, Stryker, Meril Life Sciences Pvt. Ltd., Touchstone International Medical Science Co. Ltd.
• Hospitals market is growing with the highest CAGR.
• Manual surgical staplers are driving the market with the highest market share. However, powered surgical staplers are growing with the highest CAGR.
• Disposable surgical stapler is dominating the product type of Europe surgical staplers device market.
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