Kenneth Research has evaluated the current market opportunities in Global Surgical Staplers Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Surgical Staplers Market Products.
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According to the statistics by the World Bank, current health expenditure around the world increased from 9.391 % of GDP in the year 2011 to 9.896 % of GDP in the year 2017. Moreover, the statistics also stated that Tuvalu, a nation in Oceania region, had the highest expenditure of 17.143 % of GDP in the year 2017, followed by the United States, with 17.061 % of GDP.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The global rise in laparoscopic surgeries, especially bariatric surgeries, has led to the greater acceptance of surgical staplers. These staplers result in faster, more accurate and precise surgical wound closure, resulting in its higher adoption. The global surgical staplers market is estimated to reach USD 5.24 Bn by 2022, expanding at a compound annual growth rate (CAGR) of 8.1% during the forecast period of 2017–2022.
Product segment insights:
Powered surgical staplers are the most advanced type of surgical stapling devices currently available in the market. In 2017, this segment generated USD 1.62 Bn and held a market share of 46%. This segment is expected to expand at a CAGR of 9.9% during the period of 2017–2022. Powered surgical staplers automate the stapling process by eliminating the need for manual firing and provides better stability. It is expensive and requires advanced training for operating, which often deter its adoption in many regions. Despite the challenges of needing a high activation force to fire the device, manual staplers expedite the surgical process and allow the surgeon to perform all kinds of end-to-end anastomosis of tissues, even in tissues which are difficult to reach.
Type segment insights:
Disposable staplers constituted the lion’s share (85%) of the surgical staplers market. The adoption of these staplers is driven by the fact that they are cost-effective and eco-friendly since they produce less medical waste. These staplers eliminate all possibilities of cross infection, as well as the cost of repeated sterilization after every use. Hence, the demand is expected to increase during the forecast period.
Application segment insights:
Revenue share from abdominal surgeries using surgical staplers was the highest (30.32%), globally, in 2017. Surgical staplers are mostly used in abdominal surgeries like hysterectomy (open and laparoscopic), hernia repair, and bariatric surgeries, owing to the rise in obesity and caesarean section births. Close on its heels, the general surgeries segment (25.57%), is expected to bring in high revenue due to the increased adoption of advanced medical technologies across the globe. Cardiac and orthopedic surgeries also held a considerable market share in 2017.
Regional insights:
North America is the largest market for surgical staplers. An increase in healthcare expenditure and different types of surgeries such as bariatric, a growing geriatric population, and age-related diseases are driving the adoption of surgical staplers in North America. Europe occupied a market share of 37.5% in 2017 due to factors similar to North America. The Asia-Pacific market is expected to expand at the highest CAGR of 9.6% during 2017–2022, owing to the increasing number of surgeries in the region.
Companies covered:
1. Johnson & Johnson
2. B Braun
3. 3M
4. Dextera Surgical
5. Intuitive Surgical
6. Smith & Nephew
7. CONMED
8. Medtronic
9. Purple surgical
10. Grena Ltd.
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Global Surgical Staplers Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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