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Surgical staplers market worth 4.78 billion USD by 2022 available in new report

The global Surgical Staplers Market is expected to reach USD 4.78 Billion by 2022 from USD 3.38 Billion in 2017, at a CAGR of 7.2 %

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The growth of the market is attributed to the increasing number of surgical procedures across the globe, growing preference for minimally invasive surgeries, technological advancements, and increasing preference for Surgical Staplers over sutures. The growing popularity of cosmetic surgeries, medical tourism in developing economies, increasing healthcare demand in low- and middle-income countries is expected to offer lucrative growth opportunities for players in the Surgical Staplers Market.

On the basis of product, the market is segmented into manual Surgical Staplers and powered surgical staplers. In 2017, the manual Surgical Staplers are expected to account for the largest share of the market.

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Powered Surgical Staplers are expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the wide range of benefits associated with powered staplers, such as ease of use, minimal risk of complications like blood loss/leakage, shorter operating time, and reduced hospital costs as compared to manual staplers.

By type is segmented into disposable Surgical Staplers and reusable surgical staplers. In 2017, disposable Surgical Staplers are expected to account for the largest share of the market.

There are various advantages associated with these devices including reduced risk of surgical site infections (SSIs) and time efficiency owing to pre-sterilization of devices.

Based on the application, the market is segmented into abdominal & pelvic surgery, general surgery, cardiac and thoracic surgery, orthopedic surgery, and other surgical applications. In 2017, abdominal & pelvic surgery is expected to account for the largest share of the market.

The large share of this segment can primarily be attributed to the increasing prevalence of obesity, growing health consciousness across the globe, increasing purchasing power, and growth in the number of bariatric or weight loss surgeries across the globe.

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The market is segmented into North America, Europe, Asia-Pacific, and RoW. In 2017, North America accounted for the largest share of the market; Asia-Pacific is expected to register the highest CAGR during the forecasted period, followed by Europe.

The high growth of the Asia-Pacific market is attributed to the factors such as increasing per capita income levels (and consequent increase in purchasing power), growing healthcare awareness, rising number of private sector hospitals, development of primary healthcare infrastructure, and growing medical tourism in this region. Europe is the second largest growing market; factors such as growing number of surgical procedures and increasing preference for bariatric and cosmetic surgeries are expected to fuel the market growth in this region.

The Surgical Staplers Market is duopolistic in nature with two major players Ethicon Inc. (U.S.) and Medtronic plc (Ireland). CONMED Corporation (U.S.), Smith & Nephew (U.K.), Purple Surgical Inc. (U.K.), Intuitive Surgical Inc. (U.S.), Welfare Medical Ltd. (U.K.), Reach surgical Inc. (China), Meril Life Science Pvt. Ltd. (India), Grena Ltd. (U.K.), B. Braun Melsungen AG (Germany), Dextera Surgical Inc. (U.S.), Frankenman International (China), and Becton, Dickinson and Company (U.S.) are some of the other players operating in the global Surgical Staplers Market

 

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