A recently published report by Research Nester on “Europe Surgical Staplers Market: Global Demand Analysis & Opportunity Outlook 2027” delivers a detailed overview of the European surgical stapler market in terms of market segmentation by product type, by application type, by technology, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The rapid increase in the occurrence of diseases such as obesity, cardiovascular problems, and cancer, are contributing to the rise in the number of open surgeries, as well as minimally invasive type. Additionally, the constant introduction of innovative technologies and advancements in medical devices market is set to provide faster recovery to patients, is spurring the demand for surgical staplers. Owing to these factors, the European surgical staplers market is anticipated to record a CAGR of 7.2% over the forecast period i.e. 2019-2027.
According to the World Health Organization (WHO), approximately 17.9 million people have died because of CVD’s in the year 2016 which is 31% of the total worldwide deaths.
Increased Surgical Procedures
A rise in the number of surgeries, ageing of global populations and, fast penetration of healthcare insurances are strong contributing factors to the growth of the surgical staplers market. The rise in the geriatric population is leading to rise in age-related diseases which is going to increase the requirement for surgeries.
Enhancement in Cardiac Diseases – The high incidence of cardiac diseases increases the chances of surgery, especially open heart surgeries, in which surgical staplers are widely used to reduce the risk of infection, reduce the pain and to improve the healing process of the surgical wound. Therefore, the rise in the prevalence of cardiac diseases worldwide is anticipated to support the growth of the global surgical staplers market over the forecast period.
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Furthermore, rise in demand for minimally invasive surgery, increase in adoption of surgical staplers against conventional surgical sutures in developed as well as developing countries, and technological advancement in the sector are the major drivers boosting the growth of the market. Surgical staplers have the advantage of being more economical, quicker, and cause fewer infections than stitches. Currently clips are being used in place of staples since it prevents the piercing of staples. Stapling has the advantages of being more accurate and faster than hand suturing. They are unlikely to cause leakages of blood from stapled organs.
The market is observing significant growth on account of increasing preference for minimally invasive procedures, technological advancement, and increasing usage of surgical staplers in bariatric surgery. Further, the gradual ageing of the European population (17.5% aged 65 or older), is expected to increase the demand for ailment of conditions related to old age and result in a hike in need for old age care. Government continues to play the most prominent role in healthcare provisioning and spending. The revenues from surgical staplers that are used in geriatric population for specific procedures such as cardiac surgeries, orthopedic surgeries are expected to have a higher growth rate.
The market is segmented by product type into disposable surgical stapler and reusable surgical stapler, out of which, the disposable surgical stapler segment holds a major share in the market owing to the reason that they reduce the chances of surgical infection, which ultimately enhances the procedure quality. Additionally, transmission of infectious diseases from patient to the medical personnel can be prevented in the disposal surgical staplers. Disposal surgical staplers are cost-effective when compared to the reusable staplers.
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This report also provides the existing competitive scenario of some of the key players of the surgical stapler market which includes company profiling of Johnson & Johnson Ltd. (Ethicon), Medtronic (Covidien), 3M, B. Braun Melsungen AG, Aesculap, Inc., Intuitive Surgical, Purple Surgical, Victor Medical Instruments Co., Ltd., Grena Ltd., Golden Stapler Surgical Co. Ltd., Becton, Dickinson & Company, XNY Medical, Frankenman International Limited and Smith & Nephew.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the surgical stapler market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Henry Lucas is an experienced Industry researcher with more than 10 years of experience and he has a great interest and knowledge about the Business industry in research Strategy, Strategic Planning, new innovations and technology.