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APAC surgical staplers market set to grow according to forecasts

APAC surgical staplers market set to grow according to forecasts

The demand in the "APAC Surgical Staplers Device Market" is projected for a healthy growth rate during the forecast period of 2017 to 2024 is expected to reach USD 682.4 million by 2024 from USD 336.8 million in 2016, at a CAGR of 9.2%. 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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APAC Surgical Staplers Market, By Product Type (Manual, Powered),Type (Disposable, Reuse), Application (Abdominal, Pelvis, General Surgery, Cardiac, Thoracic, Orthopedic, Hemorrhoids, Cosmetic, Pediatric), End User (Hospital, ASC, Clinic), Distribution Channel (Retail, Direct Tenders), Country (Global Surgical Staplers Market, By Product Type (Manual, Powered),Type (Disposable, Reuse), Application (Abdominal, Pelvis, General Surgery, Cardiac, Thoracic, Orthopedic, Hemorrhoids, Cosmetic, Pediatric), End User (Hospital, ASC, Clinic), Distribution Channel (Retail, Direct Tenders), Geography (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC) – Industry Trends and Forecast to 2024

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The major factors driving the growth of this market include increased healthcare expenditure, increased disposable income, advancement in technology, rising incidences of obesity and cardiovascular diseases leading to increase in number of cardiovascular and bariatric surgery, and growing medical tourism in Asia. 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.

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APAC Surgical Staplers Market Segmentation:

The APAC surgical staplers device market Analysis is segmented on the basis of type, product type, application, end user, distribution channel, and geography.

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The APAC surgical staplers market is segmented into manual and powered. In 2017, the manual surgical staplers segment is expected to dominate the market with a share of ~17.0% 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 ~89.7% 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 higher growth rate of 10.2% during the forecast period to reach a value of USD 165.5 million by 2024.

On the basis of distribution channel, the APAC 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 517.5million.

On the basis of end users, the APAC 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 64.9% and is expected to continue this trend till 2024.

Based on geography, the market is segmented into 11 geographical regions, such as, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of APAC.

APAC Surgical Staplers Market Key Drivers:

Some of the major factors driving the market for rising scope of surgical staplers devices are increased healthcare expenditure, increased disposable income, advancement in technology, rising incidences of obesity and cardiovascular diseases leading to increase in number of cardiovascular and bariatric surgery, and growing medical tourism in Asia. 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.

APAC Surgical Staplers Market Key Points:

Medtronic is going to dominate the APAC surgical staplers market report 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 APAC surgical staplersdevice market.

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