Surgical Stapling Devices market to Hit USD 8.5 billion by 2026
The increasing preference for staples over sutures from the healthcare professional as well as patients is accelerating the global surgical stapling devices market growth.
The worldwide Surgical Stapling Devices market is registered to grow with 8.4% CAGR between the year 2018 to 2026 and the market is estimated to hit USD 8.5 billion by 2026.
Surgical stapling devices market is segmented on the basis of end use, product, type, and region. Based on end use the market is segmented in hospitals, and ambulatory centers. Considering the product the market is segmented into Powered and Manual. Based on type the market is bifurcated into Reusable and Disposable. On the basis of region the global surgical stapling devices market is bifurcated into Europe, Latin America, North America, Middle East amp; Africa, and Asia Pacific.
The global rise in obese population is expected to be one of the key factor boosting the adoption of surgical stapling devices. For example, according to WHO, in 2016, over 650 million were obese among more than 1.9 billion adults, 18 years and older.
The North America and Europe region are dominating the global surgical stapling devices and are likely to retain their position over forecast period. Being the quick adopter of new technologies in healthcare sector, the North America region is holding a lionrsquo;s share in the overall market in terms of revenue in 2017. The rise in bariatric surgeries, introduction of powered staples, and growing need for tissue and wound management is expected to fuel the demand for surgical stapling devices in this region over forecast period. Asia Pacific region is anticipated to register highest CAGR growth rate over forecast period due to the increasing expenditure by healthcare service providers on delivering an improved healthcare solutions to their patients.
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Market By Product
Market By End Use
Market By Type
Market By Geography
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa (MEA)
Rest of MEA
The players involved in global stapling devices market includes Zimmer Holdings, Inc., Conmed Corporation, Smith amp; Nephew plc, Cardica, Inc., Ethicon, Inc., Stryker Corporation, and Covidien plc (Medtronic plc), CareFusion Corporation, Alcon Laboratories Inc., and others. Currently, Ethicon, Inc., Stryker Corporation, and Covidien plc (Medtronic plc) are dominating the market in terms of revenue generation from the sale of surgical stapling devices at international level. These leading players present in the surgical stapling devices market are currently undergoing rapid product innovations and focusing on entering in untapped markets to fuel revenue pocketing process through the sale of surgical stapling devices.