Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Global Cutter Stapler Market Analysis & Forecast to 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The Global Cutter Stapler Market is experiencing significant growth. Foreseen to expand at a CAGR of 8.37% from 2024 to 2034, the market's growth is attributed to a host of factors, including rising surgical procedures and innovations in medical devices.
Advancements in minimally invasive surgical techniques have especially contributed to the increase in demand for cutter staplers. The endo cutter staplers, leading the market, are favored for their efficiency and safety profile. They are instrumental in various medical specialties, reflecting their versatility and the technological evolution in surgical instruments. Highlighting this progress is the launch of the ECHELON 3000 Stapler by Ethicon, enhancing surgeon capabilities and patient outcomes.
Disposable cutter staplers captured the highest revenue segment, favored for their convenience and role in preventing hospital-acquired infections. However, reusable cutter staplers are also seeing a rise due to innovative product introductions like Kennametal Inc.'s expanded metal cutting tools range. These trends signify a shift in the market, favoring technologies that offer both patient safety and operational efficiency.
In terms of applications, obstetrics and gynecology lead due to rising cesarean deliveries and advanced surgical stapling devices. Orthopedic surgery is forecast to grow the fastest, spurred by the high prevalence of musculoskeletal conditions and a wave of new, innovative orthopedic solutions.
Hospitals remained the dominant end-user, a status expected to hold steady due to their need for effective and automated stapling solutions and the expansion of these institutions' capabilities through acquisitions and financial backing. Meanwhile, ambulatory surgery centers are slated for rapid growth, aligned with the preference for day surgeries and shorter hospital stays.
North America holds the largest market share, with significant healthcare investments and a robust landscape of medical device manufacturers. Notable legal victories, such as Intuitive Surgical's patent dispute win, underscore the competitive dynamics in the region.
The Asia Pacific region, however, is anticipated to witness the fastest growth rate, driven by an aging population, rising surgical volumes, and an increase in healthcare infrastructure development.
The segmentation of the Cutter Stapler Market provides an in-depth look into product types, usage, applications, end-users, and regional distribution. Growth trajectories across these segments show a market responsive to technological innovation, patient needs, and evolving medical practices.
Market Report Highlights
- Significant CAGR of 8.37% projected from 2024 to 2034
- Increased adoption in minimally invasive surgeries propelling growth
- Endo cutter staplers claimed the largest market share due to reduced complications
- Disposable cutter staplers dominate usage segment with focus on preventing infections
- Obstetrics & gynecology application segment leads driven by technological advances
- Hospitals as primary end-users due to increased demand for advanced surgical instruments
- North America remains at the forefront; Asia Pacific to experience fastest growth
Analyzed through an exhaustive research methodology, this market report sheds light on underlying trends, growth drivers, and challenges facing the global cutter stapler industry. It acts as a vital tool for stakeholders looking to navigate the market landscape and harness growth opportunities.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value (USD) in 2023 | $2.94 Billion |
| Forecasted Market Value (USD) by 2034 | $7.12 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
Report Segmentation
By Product
- Open Cutter Stapler
- Endo Cutter Stapler
- Others
By Usage
- Reusable Cutter Staplers
- Disposable Cutter Staplers
By Application
- Obstetrics & Gynecological Surgeries
- Cardiac & Thoracic Surgeries
- Orthopedic Surgery
- Abdominal Surgery
- Others
By End-user
- Ambulatory Surgical Centers
- Hospitals & Clinics
- Others
Companies Profiled
- Alladapt Immunotherapeutics Inc.
- Aimmune Therapeutics Inc.
- Regeneron Pharmaceuticals Inc.
- Sanofi
- Vedanta Biosciences Inc.
- Prota Therapeutics
- Aravax Pty Ltd
- Teva Pharmaceuticals Industries Ltd.
- DBV Technologies
For more information about this report visit https://www.researchandmarkets.com/r/98pw7l
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