MARKET DEFINITION: GLOBAL SURGICAL STAPLERS MARKET
Global Surgical Staplers Market is expected to rise from its initial estimated value of USD 3.62 billion to an estimated value of USD 6.39 billion by 2026, registering a CAGR of 7.37% in the forecast period of 2019-2026.
Surgical staplers are used in surgery to close the skin wounds and joins. They are used in place of sutures as it reduces local inflammatory response and width of the wound. It also reduces the post procedure complexities like bleeding. With advancement in technologies, now surgical staplers are made of plastics or stainless steel. Due to increasing obesity, cardiovascular problems and cancer, there is increase in the surgical stapler market.
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KEY MARKET COMPETITORS: GLOBAL SURGICAL STAPLERS MARKET
Few of the major competitors currently working in the surgical staplers market are Ethicon USA, LLC, Medtronic, Intuitive Surgical, AesDex, LLC, CONMED Corporation, Smith & Nephew, BD, 3M, B. Braun Melsungen AG, Purple Surgical, Frankenman International Limited, Welfare Medical Ltd., Zimmer Biomet, Stryker, Meril Life Sciences Pvt. Ltd., Touchstone International Medical Science Co. Ltd., Reach Surgical, Grena Ltd.
MAJOR MARKET DRIVERS & RESTRAINTS ARE AS FOLLOWS:
- Technological advancement and development in surgeries is driving the growth of this market.
- Increasing geriatric population is driving the market.
- High cost of the surgical procedure is restraining the market.
- Higher risk of infections and other conditions is restraining the market.
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MARKET SEGMENTATION: GLOBAL SURGICAL STAPLERS MARKET
Global Surgical Staplers Market By Product Type (Laparoscopic Surgical Stapler, Open Surgical Stapler, Linear Cutter Stapler, Skin Stapler, Stapler Reloads), Applications (Abdominal & Pelvic Surgery, General Surgery, Cardiac and Thoracic Surgery, Orthopedic Surgery, Other Surgical Application), Mechanism (Manual Surgical Staplers, Powered Surgical Staplers), Type (Disposable Surgical Staplers, Reusable Surgical Staplers), End- User (Hospitals, Ambulatory Surgical Centers (ASCs) and Clinics), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Global surgical staplers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of surgical staplers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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