The Surgical Stapler Market Report is a meticulous investigation of current scenario of the market, which covers several market dynamics. The Surgical Stapler Market Report also provides an analytical assessment of the prime challenges faced by Surgical Stapler Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Surgical Stapler Market over a longer period of time.
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Surgical Stapler Market report studies the world market size of Surgical Stapler in key regions like North America, Europe, Asia Pacific, Central & South America and Mideast & Africa, focuses on the consumption of Surgical Stapler in these regions. The various contributors concerned within the price chain of Surgical Stapler embrace makers, suppliers, distributors, intermediaries, and customers.
The surgical stapler market was valued at USD 3,300 million in 2018 and is expected to reach USD 4,883.39 million by 2024, with an anticipated CAGR of 6.75%, during the forecast period, 2019-2024.
The major factors attributing to the growth of the surgical stapler market include increasing preference for minimally invasive procedures, technological advancement, and increasing usage of surgical staplers in bariatric surgery.
According to the estimates of the American Society for Metabolic & Bariatric Surgery, in the United States, the number of bariatric surgeries were 228,000 in 2017, as compared to 158,000 in 2011. Bariatric and other weight loss-related surgeries use surgical staplers to close the surgical openings, and this is ultimately driving the market studied. Surgical staplers offer benefits, such as faster recovery, less pain, coagulation, and accurate closure. The United States accounts for the largest number of patents filed for surgical staplers and related devices, with companies, like Dextera Surgical and Ethicon, continuously researching to develop superior surgical staplers. These technological advancements have helped in the growth of the market studied.
Scope of the Report
Surgical staplers are specialized medical staplers, which can be used as an alternative to sutures, for the purpose of wound closure. They can be used during minimally invasive image-guided procedures. With the rise in demand for minimally invasive surgeries, the global surgical staplers market is expanding.
Key Market Trends
Disposable Surgical Stapler Segment Holds a Major Share in the Market
Disposal surgical staplers are one-time use devices, mostly made of plastic. These devices cannot be sterilized and reused again. The disposal staplers are preferred as they reduce the chances of surgical infection, which ultimately enhances the procedure quality. Additionally, the transmission of infectious diseases from patient to the medical personnel can be prevented in the disposal surgical staplers. Disposal surgical staplers are also cost-effective when compared to the reusable staplers. Avoiding transmitting of infections through contaminated devices is very crucial for the healthcare organizations, which is considered to be the major problem associated with the reusable devices. Also, the sterilization of the reusable devices complex procedure requires proper care and maintenance. This single factor has been the key driver of the market and has helped the disposal surgical staplers to hold a large share.
North America Dominates the Market and is Expected to do the Same in the Forecast Period
North America is expected to dominate the overall market throughout the forecast period. This is due to the large obese population and an increasing number of various surgical procedures. Various applications of surgical staplers include the areas of gynecology, abdominal surgeries, cardiothoracic and orthopedic surgeries, etc. In the North American region, the United States holds the largest market share. The United States witnessed a rapid increase in the number of diseases, like obesity, cardiovascular problems, and different types of cancers, contributing to the rise in the number of surgeries, both open as well as minimally invasive types. The increase in minimally invasive surgeries taking place for chronic diseases has helped in the growth of the surgical stapler market.
The surgical stapler market is fueled by the superior quality of surgical staplers, technological advancements, product approvals, and their application across various fields. For instance, in April 2017, Ethicon US LLC received 510(K) approval from the US Food and Drug Administration for Echelon Circular Powered Stapler, in order to reduce complications in the colorectal, gastric, and thoracic cancer surgeries. One of the recent advancements in metal and absorbable skin staplers is expected to create tremendous opportunities for the players in the market studied over the coming years. The surgical stapler market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. The major players operating in the market studied include Medtronic PLC, Ethicon (J&J), B. Braun Melsungen AG, ConMed Corporation, and 3M Company, among others.
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Surgical Stapler Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Surgical Stapler Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Surgical Stapler market on the basis of product type, application, and region
- To forecast and analyze the size of the Surgical Stapler market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Surgical Stapler market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Surgical Stapler market
- To analyze opportunities in the Surgical Stapler market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Surgical Stapler market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Surgical Stapler Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Surgical Stapler trade
Marketing Channel Development Trend
Surgical Stapler Market Positioning
Distributors/Traders List enclosed in Positioning Surgical Stapler Market
Surgical Stapler Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leader’s revenue forecasts till 2024. In conclusion, Surgical Stapler Market 2019 report presents the descriptive analysis of the Surgical Stapler Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Surgical Stapler Market competitors.
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