Selbyville, Delaware, Nov. 14, 2019 (GLOBE NEWSWIRE) --
Global Surgical Stapler Market revenue is expected to surpass USD 6.5 billion by 2025, according to a new research report by Global Market Insights, Inc. Increasing in number of surgical procedures across the globe, technological advancements in manufacturing of effective powered surgical stapler and growing preference of minimally invasive surgeries will boost surgical stapler industry growth over the analysis timeframe.
Increase in adoption and demand of surgical stapler over the traditional sutures in the developing regions of Asia Pacific and Latin America will augment the industry growth in the near future. The surgical stapler has proved to be more useful in several aspects such as quick placement, accurate wound closure, minimal tissue interaction and reduction in inflammation around the wound. The growing adoption rate of staplers has increased the efficiency of surgical procedures that were difficult to conduct due to limited access of traditional methods. Hence, the aforementioned factors have resulted in augmenting the demand and adoption rate of surgical stapler over the traditional suture, fueling the market growth.
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Technological advancements in manufacturing safe and effective surgical stapler will propel the business growth in the forecast timeframe. The combination of new functions and new abilities have led to increase in advancements and effectiveness of the wound closure procedure that in turn will efficiently drive the market growth.
Some major findings of the surgical stapler market outlook report include:
- The number of surgical procedures has increased rapidly across the globe owing to rise in chronic disease prevalence especially among the geriatric population
- Development of technologically advanced surgical staplers by several industry players in order to offer more efficient and effective wound closure
- North American market accounted for the maximum revenue share owing to the factors such as presence of established market players, growing number of surgical procedures, developed healthcare structure, state-of-the-art healthcare facilities, favorable reimbursement policies and insurance coverage
- Powered surgical staplers market is anticipated to witness fastest growth over the analysis timeframe. The rapid growth is attributed to technological advancements and growing demand for battery operated powered surgical staplers
Adverse events in the past few years associated with safety of surgical stapler will be one of the market impeding factors. As per the analysis done by U.S. FDA a total of 13,312 cases were reported, of that 3,234 resulted in injury, 9,972 involved a device malfunction and 106 events resulted in death. Product problems related to surgical stapler will result in declining product demand, impeding the industry growth.
Endoscopic surgical stapler market is anticipated to grow at significant growth rate at a CAGR of 7.5% in the forecast period. Rise in demand for minimally invasive surgeries such as endoscopic procedures will eventually result in increasing demand for endoscopic stapler, fueling the segment growth.
Browse key industry insights spread across 170 pages with 115 market data tables & 9 figures & charts from the report, “Surgical Staplers Market Share By Product (Linear Staplers, Circular Staplers, Skin Staplers, Endoscopic Staplers), By Technology (Manual, Powered), By Usability (Reusable, Disposable), By Surgery (Gynecology Surgery, Cardiac Surgery, Bariatric Surgery, Colorectal Surgery), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/surgical-staplers-market
Powered surgical stapler held a substantial market share in the year 2017 with total value of USD 2,749.2 million. Recent technological advancements and increasing R&D activities has resulted in manufacturing of safer and more efficient surgical stapler with minimum risk of post-operative complications. The aforementioned factor will be responsible for segment growth in the near future.
Disposable surgical stapler industry size will witness considerable growth in the forecast period at CAGR of 7.3%. Rise in number of complicated surgical procedures that need use of sterile surgical instruments will increase the demand for disposable stapler. Also, use of disposable stapler in order to minimize bleeding and infections will boost the segment growth.
Cardiac surgery segment held a considerate amount of market share with USD 908.0 million in the year 2017. Rising prevalence of chronic diseases such as cardiovascular diseases will result in increase in number of cardiac surgical procedures. Increase in use of surgical stapler in cardiac surgeries will propel the segment growth in the upcoming years.
U.S. surgical staplers market held majority of market share in the year 2017 with a market value of USD 1,606.6 million. Presence of favorable reimbursement policies, insurance coverage and rising number of surgical procedures in the country will be responsible for industry growth in North America region.
Indian market will witness lucrative growth at CAGR of 10.2% in the forecast period. Rise in number of chronic surgical procedure, rising geriatric population and improving healthcare infrastructure in the country will lead to increase in product demand, boosting the business growth in Asia Pacific region
Some of the notable industry players are 3M, B. Braun Melsungen AG, Conmed Corporation, Ethicon Inc., Frankenman International, Grena, Integra Life Sciences, Intuitive Surgical, Medtronic PLC, Meril Life Sciences, Purple Surgical, Reach Surgical, Smith & Nephew PLC and Welfare Medical. The major players are focusing on expanding their product portfolio by increasing research and development activities, mergers, acquisitions and new product launches.
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Veterinary Surgical Instruments Market Projections 2025: Sutures and staplers segment is anticipated to witness largest revenue share, accounting for a total value of USD 97.2 million in 2018 during the foreseeable period owing to its wide applications in all types of surgeries performed on companion animals as well as livestock. Some of the prominent players operating in global market are Medtronic, Ethicon, Integra LifeSciences, B. Braun, Smiths Group, STERIS Corporation, Surgical Direct, World Precision Instruments, DRE Veterinary, and Sklar Surgical Instruments among others.
https://www.gminsights.com/industry-analysis/veterinary-surgical-instruments-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.