Global surgical stapling devices market expected to generate revenue of around USD 6.40 billion by end of 2024, growing at a CAGR of around 7.60% between 2018 and 2024. Global Surgical Stapling Devices Market is primarily driven by growing bariatric procedures. Another driving factor is the implementation of advanced technology for conducting endoscopic operations
Which is the most lucrative market for Surgical Stapling Devices market?
North America currently holds 30.8% share in the global surgical stapling devices market with U.S. being the leading contributor with a market value of nearly US$ 721.0 Mn in 2021.
Our report is a comprehensive study of the dynamics of the global Surgical Stapling Devices Market. The report contains effective penetration plans for both the established and potential entrance to the market. The important leaders operating in the surgical stapling devices market are well listed in the report.
Increasing surgical operations, increased use of surgical stapling devices in bariatric surgeries, and rising desire for minimally invasive procedures are some of the major reasons that will drive the surgical stapling devices market forward in the future.
Furthermore, surgical stapling devices have seen growing demand in a variety of surgeries, including laparoscopic, bariatric, and endoscopic procedures. The demand and use of stapling devices has increased in most situations due to the rising occurrence of chronic illnesses such as obesity or sports-related injuries/arthritis procedures.
Furthermore, surgical stapling device manufacturers are continually spending in research and development operations in order to design, develop, and launch technologically innovative products as well as improve their current product portfolios in order to keep their market position.
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Some of the key players
- Zimmer Biomet
- Covidien (Medtronic plc)
- United States Surgical Corp
- Ethicon Endo-Surgery Inc.
- Intuitive Surgical Inc.
- Cardica Inc.
- Conmed Corporation
- Stryker Corporation
- Smith & Nephew plc
- CareFusion Corporation..
This report segments the global surgical stapling devices market as follows:
By Product Type
- Powered Surgical Stapling Device
- Manual Surgical Stapling Device
By Usage
- Disposable Surgical Stapling Device
- Reusable Surgical Stapling Device
Type of Stapling
- Straight Stapling
- Curved Stapling
- Circular Stapling
Surgical Indication
- Skin
- Digestive Tract
- Blood Vessels
- Hernia
- Lung
- Others
Global Surgical Stapling Devices Market: End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Global Surgical Stapling Devices Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
The report focuses comprehensively on the post-Covid market landscape to help users navigate smoothly to the challenges thrown by the pandemic.
Our report is a promising study that covers all the areas of the global Surgical Stapling Devices Market aspects that are likely to be affected deeply by the advent of the Covid-19 pandemic.
One of the most crucial aspects is the regional analysis. Our report mentions all the potential regions in Surgical Stapling Devices Market to help you understand the regional dynamics.
We have reflected upon the transparent and accurate statistics in the report to offer you the right direction in the global Surgical Stapling Devices Market.
Our experts have hands-on on the most credible sources for extracting the emerging statistics in the Surgical Stapling Devices Market.
Report Highlights:
- Detailed overview of parent Surgical Stapling Devices Market
- Changing Surgical Stapling Devices Market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Surgical Stapling Devices Market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Which factors are limiting surgical stapling device demand?
The harm caused by stapler pins being removed from the skin, functional failure during stapling, and the expensive pricing of stapling equipment are the key factors limiting market expansion.
The skin staplers used to suture a wound must be carefully removed following a specific procedure. While performing this procedure, some damage to the wound or surgical site on the skin is common, which is expected to slow the worldwide market’s growth.
Over 41,000 complaints about adverse events while using surgical staplers for internal usage were received by the US Food and Drug Administration in March 2019. Around 366 of the 41000 cases had mortality, necessitating further investigation of these surgical stapling instruments.
There have been several reports of stapling equipment failing to properly discharge the stapler pin into the tissue. The main cause of the incorrect stapling pin firing was thought to be malfunctioning stapling devices.
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Impacts of the COVID-19 Pandemic –
Most industries across the world have been negatively impacts over the last 18 months. This can be attribute to significant disruptions experience by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforce by governing authorities across the globe. The same applies to the global Surgical Stapling Devices Market. Moreover, consumer demand has also subsequently reduce as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affecter by this outbreak. These aforementioned elements are expect to burden the revenue trajectory of the global Surgical Stapling Devices Market over the forecast timeline. However, as respective governing authorities begin to lift these enforce lockdowns, the global Surgical Stapling Devices Market is expects to recover accordingly.